BMO Harris - Milwaukee, WI

posted 9 days ago

Full-time - Mid Level
Milwaukee, WI
Credit Intermediation and Related Activities

About the position

If you are looking for your next dream job, consider this one in BMO Enterprise Risk and Portfolio Management (ERPM) where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework, and fostering a strong risk culture. Credit Risk Review (CRR) is an independent group within Enterprise Risk Portfolio Management (ERPM), responsible for identifying risk at portfolio levels, ensuring Risk Rating accuracy, and evaluating effectiveness of credit management practices through ongoing reviews, analysis, and continuous monitoring of BMO US Operations Commercial and Retail credit portfolios. Seeking to add an individual contributor to CRR Operations. CRR Operations is responsible for credit risk oversight (including production support and issues management), business analytics & reporting, data management, compliance (including Non-Financial Operational Risk, ONFR), technology, policies & procedures, stakeholder management, exam & audit liaison, as well as quality assurance program and training. Team member will report to Director and Team Leader, CRR Operations.

Responsibilities

  • Lead enterprise compliance activities as well as ONFR monitoring & testing.
  • Coordinate CRR exams & audits.
  • Maintain policy & procedures.
  • Monitor CRR remediations.
  • Participate in risk oversight activities including risk committee reporting.
  • Engage in strategic planning (including efficiency gains), training, and other operational and production support activities.
  • Act as a trusted advisor to assigned business/group.
  • Guide/assist in the identification and classification of issues; recommend action plans.
  • Influence and negotiate to achieve business objectives.
  • Recommend and implement solutions based on analysis of issues and implications for the business.
  • Assist in the development of strategic plans.
  • Identify emerging issues and trends to inform decision-making.
  • Research existing or emerging requirements & related best practices to assist and develop recommendations for changes/enhancements.
  • Assist with the interpretation of new or changing regulations and assess impacts to the governance frameworks.
  • Identify, develop and administer credit risk control framework activities for adherence to all policies, procedures and established processes; document and report results of independent risk assessments on an individual and portfolio basis.
  • Identify where corrective actions are required and escalate per guidelines; ensure corrective action is taken as necessary.
  • Provide advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.
  • Coordinate and participate in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures.
  • Consult with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
  • Support the development and maintenance of the governance system and framework including supporting policy/standard/operating procedures lifecycle management, education and training assessments.
  • Develop and maintain in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
  • Build effective relationships with internal/external stakeholders.
  • Analyze data and information to provide insights and recommendations. E.g. risk trends in key sectors, geographies or LOBs.
  • Monitor and track performance; address any issues.
  • Coordinate and monitor the review and sign-off of regulatory reporting and attestations.
  • Provide specialized consulting, analytical and technical support.
  • Exercise judgment to identify, diagnose, and solve problems within given rules.
  • Work independently and regularly handle non-routine situations.

Requirements

  • Deep knowledge and technical proficiency gained through extensive education and credit review business experience.
  • Verbal & written communication skills - In-depth.
  • Collaboration & team skills - In-depth.
  • Analytical and problem solving skills - In-depth.
  • Influence skills - In-depth.
  • Data driven decision making - In-depth.

Nice-to-haves

  • Accounting and/or finance background is ideal.

Benefits

  • Health insurance
  • Tuition reimbursement
  • Accident and life insurance
  • Retirement savings plans
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