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BMO Financial Group Senior Credit Reviewer in Milwaukee, Wisconsin

As a Senior Credit Reviewer, you will conduct independent examinations of credits and portfolios to ensure risk rating accuracy and asset quality of the credit portfolio. As a critical component of Enterprise Risk Management at BMO, this work provides vital assurance to the Board of Directors and senior management as to the quality of the quality of underwriting and credit management practices and in so doing helps reduce the risk of loss and reputational damage to the Company. It provides independent assurance on the quality and effectiveness of risk management, and governance systems and processes to support senior management and the Board in protecting BMO and its reputation.

Key Accountabilities:

  • Advises on credit policies, and processes to account management.

  • 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.

  • May network with industry contacts to gain competitive insights and best practices.

  • Helps determine business priorities and best sequence for execution of business/group strategy.

  • Conducts independent analysis and assessment to resolve strategic issues.

  • Develops the business case by identifying needs, analyzing potential options and assessing expected return on investment.

  • Collaborates and interacts with senior leaders to maximize risk return and improve the customer experience through the lending process.

  • Breaks down strategic problems, and analyses data and information to provide insights and recommendations.

  • Manages review findings and follow up in transparency, consistency, detailed ongoing communications with senior leaders and proper escalation of findings to assure appropriate resolutions of issues and follow up action plans.

  • Collaborates across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behaviour.

  • Participates in special credit reviews, research, or other projects and initiatives, as may be assigned, particularly in start-up phase of Loan Review.

  • Reviews and rates credit risks with primary objectives to assure timeliness and accuracy of credit risk ratings of the portfolio.

  • Participates in ongoing portfolio reviews, target examinations, portfolio deep dives, and special reviews of specific credits in accordance with Loan Review Mandate and Procedures.

  • Assesses ratings and evaluation of the adherence to policies and procedures, as well as the effectiveness and accuracy of credit analysis, collateral evaluation, monitoring, underwriting quality, and identification and management of problem credits.

  • Assigns grades for the quality and risk profile of the portfolios reviewed and the compliance of the related unit(s) with bank policies and procedures.

  • Recommends action plans for resolving material issues noted in reviews.

  • Provides training and support to internal stakeholders on risk rating accuracy and best practices in credit risk.

  • Builds relationships with lending areas and across risk management.

  • Assures consistent practices and applications of Loan Review Mandate and Procedures.

  • Completes investigations, assigned tasks, reports, and contribute to overall review assessments and grades timely, accurately and with appropriate diligence.

  • Represents Loan Review as requested in various cross enterprise working groups in order to provide credit risk oversight and perspectives.

  • Works collaboratively with internal stakeholders to maximize risk return and improve the customer experience through the lending process.

  • Participates in due diligence for portfolio or bank acquisitions via credit risk evaluations.

  • Contributes to the development and implementation of loan policies and procedures, on an as-needed basis.

  • 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.

Knowledge and Skills:

  • Typically between 20+ years of relevant experience and/or certification in related field of study or an equivalent combination of education and experience.

  • Professional designations or business designation: CPA, MBA, CFA.

  • Credit qualification required according to the standards established within the Credit Qualification Process Policies and Procedures.

  • Superior knowledge of all phases of effective credit administrations, policies and procedures, commercial lending and/or real estate lending processes, and analytical practices.

  • Essential to have ability to identify early warning signals and required practices for management of problem accounts. Experience with loan workouts preferred.

  • Extensive knowledge of and experience with Corporate Policies/Standards, Commercial Lending Process and Directives, the enterprise’s credit culture and procedures, and general banking practices and regulations.

  • Superior credit analytics and risk evaluation skills.

  • Strong finance and accounting practice skills.

  • 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.

We’re here to help

At BMO Harris Bank we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO Harris Bank team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmoharris.com

BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO Harris Bank does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO Harris Bank, directly or indirectly, will be considered BMO Harris Bank property. BMO Harris Bank will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

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