Vice President- Non-transactional, Credit Risk Management - Chicago

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Exciting opportunity to build strong, enterprise wide relationships by partnering with leaders across our lines of business and corporate functions to drive and deliver impactful strategic initiatives. This is your chance to make meaningful difference and growth with us!

MANDATE

The Vice President will support Corporate Banking professionals in executing the first line of defense accountability for strong risk culture.  Vice President provides thoughtful assessment and insights and provides recommendations to senior leadership that inform their views on risk management strategy.

KEY AREAS OF ACCOUNTABILITY

• Regulatory Exam and Internal Audit Coordination: 50%                           

• Special Projects: 40%                                                                                 

• Analytics: 10%                                                                                            

ACCOUNTABILITIES DEFINED

A.  Regulatory and Internal Audit Coordination

• Lead organization and gathering of “first day” materials for audit, credit risk review and regulatory exams

• Participate in regulatory and internal audit/credit risk review meetings

• Liaise with Corporate Bankers and Enterprise Risk as required to address specific regulatory/audit requests and findings utilizing knowledge of Lending Process, Credit Risk Measures requirements, and risk framework.

• Identify emerging trends from exam conversations/reviews.

• Assist Director in overseeing remediation efforts when required

B.  Special Projects

• Act as Global Corporate Banking representative on risk and regulatory related projects as the credit environment and economic events dictate

• Interact with Wholesale Credit Methodology on matters regarding credit risk measures.

• Interact with Operational Risk team on data quality reviews  

• Facilitate consistent implementation of mandates across the Global Corporate Bank and lead certain training initiatives

• Advocate for the Corporate Bank on enterprise-wide initiatives

• Assess proposed changes/updates to Corporate Policies, Standards and Operating Procedures for continued suitability for Corporate Bank. Strive to be Subject Matter Expert on these topics

C.  Analytics

• Evaluate eligibility of credit facilities for inclusion in risk transfer portfolios on monthly basis.

• Analyze country of risk for foreign jurisdictions where the Bank has corporate and commercial lending exposure. Liaise with Economics department when new country assessment required

• Manage Corporate Banking’s delegated country limit allocation within select countries.

SCOPE AND IMPACT

The work product directly impacts management’s ability to deploy capital and manage risk requirements within the Corporate Bank

The role provides visibility and interaction across all Global Corporate Bank sectors, other LOBs, and throughout the Enterprise.

Knowledge:

• An undergraduate degree with focus in finance, economics, or accounting.

• 8+ years of relevant work experience in a corporate lending environment

• Formal credit training and prior lending authority

• Credit analysis experience/understanding

• Strong knowledge of Corporate Banking products

• Superior knowledge of internal lending and portfolio management policies

Skills:

• Superb reasoning skills

• Superior written and oral communication

• Exceptional quantitative analytics and credit analysis skills

• Strong interpersonal skills used within a team environment

• Strong ability to advocate persuasively

• Strong attention to detail

• Ability to work independently and to learn and adapt quickly.

• Excellent capability to effectively manage multiple priorities

• Ability to be creative, insightful, and resourceful in performance of duties

• Expertise in Microsoft Office applications including PowerPoint and Excel, and other database management tools preferred

Base Salary

$125,000

Salary:

Pay Type:

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 http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.

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.