Senior Manager, Credit Risk Review Quality Assurance & Training

BMO • Chicago, IL

95d • $112,200 - $209,000

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 another senior member to CRR Operations team, which, in addition to quality assurance, is responsible for credit risk oversight & governance (including policies & procedures, management reporting, issue management and audit/exam liaison) business analytics, technology, data quality, and data management, as well as a variety of other Enterprise compliance activities. Team member will report to Director & Team Leader, CRR Operations.

Requirements

• Typically 8+ years of relevant experience and a post-secondary degree in related field of study or an equivalent combination of education and experience.
• Recognized compliance certificate or equivalent preferred.
• Detailed knowledge of consumer protection regulations and related marketing and advertising guidelines.
• Strong communication, critical thinking, relationship management and project management skills.
• Seasoned professional with a combination of education, experience and industry knowledge.
• In-depth / Expert verbal & written communication skills.
• In-depth / Expert analytical and problem solving skills.
• In-depth / Expert influence skills.
• In-depth / Expert collaboration & team skills; with a focus on cross-group collaboration.
• In-depth / Expert data driven decision making skills.

Responsibilities

• Lead CRR's growing Quality Assurance program including supervision of QA Secondment rotational staff.
• Accountable for delivering commercial and retail testing/assessments, reporting results, and facilitating necessary training and development for CRR staff.
• Monitor CRR compliance with training hours requirements while also developing training resources and supporting new employees through learning plans.
• Engaged in strategic planning, cross training, and collaboration on other operations activities.
• Assist in the implementation, maintenance and administration of a specific compliance program.
• Coordinate and perform risk assessment, monitoring, testing and surveillance activities to ensure program remains current and aligned with BMO Compliance Program.
• Advise business/group on implications of new regulatory developments or internal products, and assist to implement new/revised policies and programs to address them.
• Identify risks and implement appropriate actions to mitigate them.
• Develop and maintain compliance information for analysis and reporting.
• Achieve compliance goals by maintaining current knowledge of regulatory requirements and developments.
• Provide oversight and make recommendations that significantly impact the Bank's ability to monitor regulatory compliance programs, minimize operational risk and align with regulatory agencies.
• Consult on new products, services and automated systems to assist with incorporating compliance requirements into these initiatives.
• Represent the business/group Compliance team and interact with examiners/auditors during internal, external and regulatory audits and examinations.

Benefits

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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree