Senior Credit Officer, Director - Canadian Hedge Fund & Trading Products

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The Senior Credit Officer (Director) is responsible for the independent adjudication, approval, and ongoing oversight of credit exposure relating to Canadian hedge funds and trading product clients. The role serves as a senior 2nd line risk leader, ensuring transactions comply with the Bank's risk appetite, credit policies, and regulatory requirements while supporting business growth within Counterparty Credit Risk Function.

Provides independent, objective review and adjudication of credit applications and transactions for an assigned portfolio within credit limits or makes credit recommendations and escalates as required. Ensures the credit quality of the assigned portfolios are maintained within the Bank’s risk tolerance, policies & procedures, and meet financing guidelines. Supports credit adjudication operations and initiatives. Provides training and support to teams and channels where the

applications and transactions originate.

Strategic Leadership & Advisory

• Act as a trusted advisor to senior leaders on credit risk, portfolio management, and strategic initiatives.
• Influence business decisions through independent risk assessment and expert recommendations.
• Lead strategic projects, process improvements, and change management initiatives.
• Identify emerging market, industry, and regulatory trends that may impact the portfolio.

Credit Adjudication & Risk Management

• Independently review, assess, and approve complex credit transactions and exception requests.
• Evaluate counterparty, credit, market, and collateral risks within established risk appetite.
• Monitor portfolio quality and ensure compliance with lending policies, procedures, and financing guidelines.
• Recommend credit structures, terms, conditions, and collateral requirements to mitigate risk.

Hedge Fund & Trading Products Oversight

• Assess exposures related to hedge funds, prime brokerage, securities financing, and trading products.
• Maintain expertise in market dynamics affecting collateralized products and counterparty credit exposure.
• Keep current on economic and market developments relevant to the portfolio.

Stakeholder Management & Influence

• Partner with Front Office, Market Risk, Legal, Compliance, Operations, and senior executives.
• Act as a key contact for internal and external stakeholders, including regulators when required.
• Build alignment across stakeholders while balancing risk and business objectives.
• Communicate complex credit decisions and risk concepts in a clear, practical manner.

Portfolio Analytics & Reporting

• Analyze portfolio trends, concentrations, and emerging risks.
• Develop and enhance reporting, dashboards, and management information systems.
• Leverage data and analytics to support risk-based decision making.
• Integrate information from multiple sources to improve monitoring and reporting effectiveness.

Leadership, Coaching & Talent Development

• Provide credit coaching, training, and subject matter expertise to credit teams and business partners.
• Support development of risk awareness and transaction structuring expertise across the organization.
• Serve as a senior specialist and thought leader within the enterprise.

Qualifications:

• Typically 10+ years of Capital Markets, Counterparty Credit Risk, or Credit Adjudication experience.
• Deep knowledge of the hedge fund industry.
• Strong expertise and knowledge of prime brokerage and trading products.
• Extensive experience with counterparty credit risk and market risk.
• Proven credit adjudication and approval authority experience.
• Ability to influence senior stakeholders and provide strategic risk guidance.
• Expertise in market risk given collateral based products coverage
• Credit qualifications and associated credit knowledge and skills according to the established qualification standards.
• Expert knowledge of banking products & services.
• Expert knowledge of credit portfolio management policies & procedures, and financing guidelines.
• Expert knowledge of industry trends and regulations.

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.