Manager, Credit Risk Strategy Oversight

BMO•Toronto, ON

7d•CA$69,000 - CA$129,000

About The Position

Join a purpose-driven team at the center of BMO’s risk management ecosystem. As a Manager, Credit Risk Strategy Oversight, you will provide specialized analytics, structured challenge, and risk-focused insight across Canadian Retail lending business. Operating in the second line, you will apply sound judgment within established frameworks to identify, diagnose, and address complex, non-routine issues strengthening decision quality, transparency, and alignment to risk appetite, regulatory expectations, and governance standards. While your primary focus is on business/group priorities, you will have opportunities to contribute to broader enterprise initiatives as experience grows.

Requirements

Typically 5–7 years in risk analytics, portfolio management, credit strategy, or related analytical roles within a financial institution.
Postsecondary degree in Finance, Economics, Statistics, Mathematics, Engineering, or a related field or an equivalent combination of education and experience.
Strong applied experience with analytical tools such as Python, SQL, SAS, or R; ability to translate complex analysis into clear, concise insights for senior audiences.
Solid understanding of credit risk principles, portfolio analytics, governance expectations, and regulatory concepts gained through hands-on experience.

Responsibilities

Provide independent, evidence-based challenge on credit proposals, strategy changes, segmentation approaches, ML-enabled decisioning, and underwriting policies to ensure alignment with risk appetite and regulatory expectations.
Assess conceptual soundness, key assumptions, data integrity, and directional risk impacts across origination, account management, and collections strategies; escalate issues with concise, actionable recommendations.
Monitor portfolio performance, early-warning indicators, and emerging risks; contribute to second-line reporting and leadership briefings with clear, data-driven insights.
Conduct advanced analytics, trend and concentration reviews, and early-warning indicator assessments to identify forward-looking vulnerabilities and loss pressures.
Develop well-supported recommendations that enhance portfolio quality, strengthen risk-return outcomes, and improve end-to-end credit decisioning.
Present analytical findings to first- and second-line stakeholders in a clear, structured, and decision-ready manner.
Execute components of regulatory capital and stress-testing analysis, with an emphasis on PCL, expected loss dynamics, and sensitivity to macroeconomic scenarios.
Provide analytical and consultative support to partners in Credit, Finance, Product, Legal, Operations, Data & Analytics, and Modeling, embedding risk considerations early in design.
Translate complex analyses into clear narratives and visuals tailored to executives and governance forums.
Ensure strategic initiatives align with governance expectations including business casing, risk stewardship, data quality, and model governance considerations.
Maintain and enhance credit risk governance artifacts (roles, authorities, controls) in alignment with enterprise risk and model risk management standards.
Support adherence to credit policies, standards, and Regulatory Compliance Management (RCM) requirements; partner with Compliance on control design, monitoring, and issue remediation.
Manage documentation lifecycles for credit proposals, policy updates, decision memos, and second-line oversight deliverables.
Work independently on non-routine issues applying strong judgment while operating within established frameworks and governance boundaries.
Mentor analysts and associates to strengthen analytical rigor, credit judgment, and effective-challenge capabilities.
Identify and implement improvements to oversight processes, risk reporting, and governance practices as trends and expectations evolve.
Take on broader responsibilities or contributions to enterprise initiatives based on business needs and developmental trajectory.