Director, Asset & Wealth Management, Portfolio Management

BMO•Chicago, IL

1d•$250,000

About The Position

The Director is a senior member of BMO Capital Markets’ Corporate Banking team, accountable for leading credit structuring, underwriting, execution, and portfolio management across the Asset & Wealth Management sector. The role combines credit judgment, transaction leadership, portfolio oversight, and informal people leadership. It includes underwriting loans to asset and wealth managers and FX and interest rate derivative trading lines for sponsor funds, in close partnership with coverage bankers, product teams, Risk, and Legal. The Director provides senior underwriting and execution expertise across areas including Fund Finance (subscription facilities, NAV facilities, and BDC financings), management company financings, and facilities supporting trading, treasury, and trade finance activities. A key priority is helping build a scalable underwriting execution model for high-volume sponsor fund trading-line originations while maintaining credit quality and disciplined approvals. The role also leads client due diligence and credit-related documentation and ISDA negotiations. The position oversees a diversified lending and derivatives credit portfolio, leads reviews and monitoring, provides guidance to Analysts, Associates, and Vice Presidents, and develops underwriting recommendations and financial analyses. It coordinates internal and external stakeholders from diligence through approval, documentation, and line activation, while supporting process improvement and integrated client solutions.

Requirements

Typically 8–10+ years of progressive experience in corporate banking, credit underwriting, credit risk and portfolio management, or a related financial services role.
Proven experience structuring, underwriting, and executing lending transactions.
Undergraduate degree in finance, economics, accounting, or a related discipline.
Deep understanding of corporate lending, portfolio management, and credit risk frameworks, including the ability to assess sponsor fund structures and derivatives counterparty exposures.
Ability to manage multiple complex underwriting assignments and portfolio responsibilities concurrently and lead high-volume execution.
Ability to engage directly with clients in a diligence capacity and negotiate credit-related ISDA and CSA terms alongside Legal and product partners.
Strong leadership, influencing, and negotiation skills, with the ability to operate independently in non-routine, high-impact situations.
Superior analytical capability and comfort with advanced financial modeling and analysis.
Excellent written and verbal communication skills, including the ability to deliver polished presentations to senior internal and external audiences.
Strong collaborative mindset and ability to align diverse stakeholders toward shared objectives.
Motivation to pursue a credit-oriented leadership role focused on underwriting excellence, portfolio stewardship, and team development.

Nice To Haves

Strong academic performance.
MBA, CFA, CPA, or equivalent professional credentials.
Demonstrated experience in the Asset & Wealth Manager and/or Fund Finance sector; cash flow lending and fund finance experience are ideal.
Experience underwriting FX and interest rate derivative trading lines is highly valued.

Responsibilities

Lead credit structuring, underwriting, negotiation, and execution of complex loans to asset and wealth managers in partnership with coverage bankers.
Underwrite FX and interest rate derivative trading lines for sponsor funds, assessing counterparty credit quality, fund structures, liquidity, repayment and settlement capacity, and credit support.
Lead client diligence discussions about business models, financial performance, fund terms, investment strategies, and hedging requirements, and translate findings into credit recommendations.
Lead credit-related ISDA and Credit Support Annex negotiations with clients and counsel, partnering with Legal, Risk, and trading teams.
Represent BMO and BMO Capital Markets in client diligence and transaction negotiations and contribute to sector engagement.
Help design and implement a scalable execution model for high-volume trading-line originations, including standardized diligence requirements, credit templates, workflow ownership, and escalation protocols.
Lead and review credit applications, approval submissions, and related documentation for analytical rigor, accuracy, consistent risk assessment, and compliance with approved terms.
Present and defend balanced credit recommendations to approval stakeholders, clearly explaining risks, mitigants, proposed structures, and exceptions requiring concurrence.
Coordinate coverage, trading, Risk, Legal, and operations stakeholders from diligence through approval, documentation, and line activation; manage pipeline priorities, execution capacity, turnaround times, and quality controls.
Oversee credit quality, risk ratings, exposures, performance, and risk-adjusted returns across a diversified lending and derivatives credit portfolio.
Lead annual reviews, renewals, amendments, and ongoing monitoring of borrowers and fund counterparties, including financial performance, covenants, liquidity, collateral, credit support, and emerging risks.
Escalate deterioration and recommend risk mitigation while balancing transaction execution and portfolio objectives with credit, market, operational, and legal/compliance risks.
Ensure adherence to internal policies, controls, and regulatory expectations, and monitor developments that may affect underwriting assumptions, monitoring priorities, and risk recommendations.
Coach and oversee Analysts, Associates, and Vice Presidents; mentor team members and contribute to succession planning and talent development.
Collaborate with sector coverage bankers, product specialists, and Capital Markets partners to deliver integrated client solutions.
Drive efficiency, effectiveness, and continuous improvement across processes and client delivery.
Oversee financial models, cash flow and downside analyses, industry assessments, and borrower- and fund-specific evaluations supporting loan structuring, trading-line sizing, and credit decisions.
Lead due diligence for new and existing relationships, evaluating business models, industry trends, and regulatory impacts.
Synthesize information into actionable underwriting recommendations and communicate credit requirements and structural considerations to clients and internal stakeholders.