Senior Manager, Credit Risk Strategy Oversight in Toronto

Key Responsibilities

• Provide independent, forward-looking challenge on credit strategies, policies, and portfolio decisions across BMO’s Canadian Retail lending business.
• Strengthen the bank’s risk discipline through clear, data-driven oversight, ensuring alignment with risk appetite, regulatory expectations, and enterprise governance.
• Influence strategic credit outcomes, elevate decision quality, and help embed sound credit practices across the lifecycle.
• Provide objective, evidence-based challenge on credit proposals, strategy changes, segmentation approaches, ML-enabled decisioning, and underwriting standards.
• Assess conceptual soundness, core assumptions, data quality, and directional risk impacts across origination, account management, and collections strategies.
• Monitor portfolio performance, early-warning indicators, and emerging risks; elevate material issues with clear, actionable recommendations.
• Identify deviations from expected outcomes and support timely adjustments to strategies, controls, and processes.
• Partner with business teams to review and validate business cases, ensuring assumptions are robust, risk and financial impacts are well quantified, and proposals comply with enterprise standards and governance requirements.
• Conduct deep-dive portfolio analytics including trend, segmentation, and concentration analyses to identify emerging vulnerabilities and forward-looking loss drivers.
• Lead analytical assessments that support regulatory capital and stress-testing activities, focusing on PCL, capital (KRM), and scenario impacts on expected losses.
• Deliver data-driven insights to strengthen portfolio quality, enhance risk-adjusted returns, and improve decision effectiveness across the credit lifecycle.
• Represent the second line in select cross-functional governance forums and regulatory interactions, clearly articulating risk, loss, and stress-related insights.
• Support enhancements to credit risk governance frameworks, including authorities, controls, and alignment with enterprise and model risk standards.
• Oversee adherence to credit-related policies, standards, and regulatory requirements; partner closely with Compliance on the Regulatory Compliance Management (RCM) program.
• Manage governance documentation across its lifecycle, including credit proposals, policy updates, decision memos, model-related oversight materials, and second line reporting.
• Build strong partnerships with credit, finance, product, legal, operations, data/analytics, and modeling teams to embed risk considerations early in design.
• Influence senior stakeholders through concise, insight-rich analysis that enhances transparency and elevates decision quality.
• Ensure alignment of business initiatives with enterprise expectations, including business casing, risk management, model governance, and data governance requirements.
• Mentor and develop analysts and associates to strengthen analytical rigor, credit judgment, and effective challenge capabilities.
• Foster a culture grounded in integrity, transparency, and continuous improvement.
• Operate as a specialist resource and trusted advisor to senior leaders and key stakeholders across the organization.
• Apply strong analytical skills and creative problem-solving to navigate complex or ambiguous situations.
• Stay current on emerging trends, evolving risks, and regulatory developments; recommend adjustments to ensure oversight practices remain effective.
• Take on broader work or enterprise-wide deliverables as required.

Qualifications

• Typically 7+ years of progressive experience in credit risk management, policy, strategy, or governance preferably within retail lending or OSFI-regulated environments.
• Graduate degree in a quantitative discipline (Statistics, Mathematics, Actuarial Science, Engineering, Finance, Economics, or related field).
• Strong understanding of credit risk frameworks, risk appetite, second-line responsibilities, regulatory expectations, and stress testing/regulatory capital concepts.
• Demonstrated ability to provide objective, well-reasoned, analytically grounded challenge.
• Strong understanding of credit lifecycle economics, ROE drivers, and risk-return optimization principles.
• Advanced skills in Python, SQL, SAS, R, or comparable analytical tools; ability to translate complex analysis for senior audiences.
• Strong communication, influencing, and stakeholder management skills; able to operate autonomously in a fast-paced environment.

Benefits

• A strategic second-line leadership role with visibility across the enterprise.
• Opportunities to materially strengthen credit oversight, decision quality, and portfolio resilience.
• A culture grounded in integrity, innovation, inclusion, and performance.
• Access to senior leadership, cross-functional partners, and complex analytical challenges that support ongoing career development.
• Flexibility, autonomy, and support to build a long-term career at one of North America’s most respected financial institutions.
• Salary $86,000.00 - $160,000.00