Sr. Manager, Real Estate Secured Lending Policy & Oversight

BMO•Toronto, ON

1d•CA$86,000 - CA$160,000

About The Position

Provides oversight, monitoring and reporting on credit risk for a designated portfolio. Develops and monitors the credit risk management framework that includes the governance framework & practices leveraged across BMO to manage credit risks. Provides policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance and identification of action plans. Lead risk workstream for strategic transformation initiatives, including digitization, AI adoption, and advanced analytics. Act as a thought leader in risk transformation, shaping modernization of credit risk practices and oversight frameworks. Partner across Risk, Technology, and Product to embed risk requirements into solution design and delivery. Drive adoption of advanced analytics and modeling, enhancing risk insights, monitoring, and decisioning. Provide effective challenge and oversight to ensure initiatives are scalable, compliant, and defensible from a regulatory perspective. Manage external vendor relationships, including due diligence, performance oversight, and alignment to risk and regulatory standards. Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders. Provides strategic input into business decisions as a trusted advisor. Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group. Acts as a subject matter expert on relevant regulations and policies. Interprets new regulations and assesses impacts to the governance framework. Develops reports on the status of the governance program or framework components to various internal & external stakeholder audiences. Influences and negotiates to achieve business objectives. Assists in the development of strategic plans. Identifies emerging issues and trends to inform decision-making. Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution. Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals. Measures the effectiveness of risk governance system and framework; recommends changes as required. Conducts independent analysis and assessment to resolve strategic issues. Leads the development and maintenance of the governance system and framework. Represents the risk program / governance structure during internal/external regulatory audits and/or examinations. Breaks down strategic problems, and analyses data and information to provide insights and recommendations. Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives. Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution. Manages the review and sign-off process for relevant regulatory reporting. Leads and integrates the monitoring, measurement & reporting on the status of the credit risk governance program to internal & external stakeholders. Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines. May provide specialized support for other internal and external regulatory requirements. Provides input into the planning and implementation of ongoing operational programs in support of the credit risk framework. Identifies, develops and administers credit risk control framework activities for adherence to all policies, procedures and established processes; documents and reports results of independent risk assessments on an individual and portfolio basis. Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary. Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge. Coordinates and participates 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. Supports the development and maintenance of the governance system and framework including supporting policy/standard/operating procedures lifecycle management, education and training assessments. Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance. Builds effective relationships with internal/external stakeholders. Analyzes data and information to provide insights and recommendations. E.g. risk trends in key sectors, geographies. Coordinates and monitors the review and sign-off of regulatory reporting and attestations. Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders. Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine. Implements changes in response to shifting trends. Broader work or accountabilities may be assigned as needed.

Requirements

Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
In-depth / expert knowledge and understanding of the credit risk management practices and real estate lending.
In-depth / expert knowledge of regulatory requirements and legal documentation.
In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
Seasoned professional with a combination of education, experience and industry knowledge.
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.
Able to manage ambiguity.
Data driven decision making - In-depth / Expert.

Responsibilities

Provides oversight, monitoring and reporting on credit risk for a designated portfolio.
Develops and monitors the credit risk management framework that includes the governance framework & practices leveraged across BMO to manage credit risks.
Provides policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups.
Works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance and identification of action plans.
Lead risk workstream for strategic transformation initiatives, including digitization, AI adoption, and advanced analytics.
Act as a thought leader in risk transformation, shaping modernization of credit risk practices and oversight frameworks.
Partner across Risk, Technology, and Product to embed risk requirements into solution design and delivery.
Drive adoption of advanced analytics and modeling, enhancing risk insights, monitoring, and decisioning.
Provide effective challenge and oversight to ensure initiatives are scalable, compliant, and defensible from a regulatory perspective.
Manage external vendor relationships, including due diligence, performance oversight, and alignment to risk and regulatory standards.
Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
Provides strategic input into business decisions as a trusted advisor.
Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
Acts as a subject matter expert on relevant regulations and policies.
Interprets new regulations and assesses impacts to the governance framework.
Develops reports on the status of the governance program or framework components to various internal & external stakeholder audiences.
Influences and negotiates to achieve business objectives.
Assists in the development of strategic plans.
Identifies emerging issues and trends to inform decision-making.
Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
Measures the effectiveness of risk governance system and framework; recommends changes as required.
Conducts independent analysis and assessment to resolve strategic issues.
Leads the development and maintenance of the governance system and framework.
Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
Manages the review and sign-off process for relevant regulatory reporting.
Leads and integrates the monitoring, measurement & reporting on the status of the credit risk governance program to internal & external stakeholders.
Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
May provide specialized support for other internal and external regulatory requirements.
Provides input into the planning and implementation of ongoing operational programs in support of the credit risk framework.
Identifies, develops and administers credit risk control framework activities for adherence to all policies, procedures and established processes; documents and reports results of independent risk assessments on an individual and portfolio basis.
Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary.
Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.
Coordinates and participates 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.
Supports the development and maintenance of the governance system and framework including supporting policy/standard/operating procedures lifecycle management, education and training assessments.
Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
Builds effective relationships with internal/external stakeholders.
Analyzes data and information to provide insights and recommendations. E.g. risk trends in key sectors, geographies.
Coordinates and monitors the review and sign-off of regulatory reporting and attestations.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Implements changes in response to shifting trends.
Broader work or accountabilities may be assigned as needed.