Audit Manager, US Credit

Final date to receive applications: 01/15/2026

Address: 320 S Canal Street

Job Family Group:
Audit, Risk & Compliance

Our team is responsible for auditing Commercial Banking and credit risk management areas. We provide independent assurance on credit risk management, governance, and internal controls that protect the bank and its reputation. In our audits, we review controls related to credit underwriting, loan documentation, portfolio management, operational processes, policies and procedures, regulatory compliance, and governance functions.

In this role you will conduct audit engagements to critically assess management and internal control processes, approving the nature, extent and timing of the audit, its execution and the formulation of insightful audit reports. You will report on audits to provide clear, concise and memorable insights on issues and potential issues to assist management in fulfilling mandates. This work provides vital assurance to the Board of Directors and senior management on the quality of internal control systems and reduces the risk of loss and reputational damage to the Company.

This work is instrumental in identifying unacceptable/high risk circumstances that could lead to material impact on profitability or reputation. You will provide independent assurance on the quality and effectiveness of internal control, risk management, and governance systems and processes to support senior management and the Board in protecting BMO and its reputation.

• Commercial credit experience and/or audit experience with a deep understanding of commercial lending and associated risks.

• Knowledge of the bank’s credit policies, procedures, processes, and lending systems is a strong plus.

• Strong analytical, communication, and problem-solving skills.

• Execute control testing in accordance with our audit methodology, covering credit, operational, and regulatory risks.

• Identify control issues and trends.

• Use data analytics to enhance audit quality and efficiency.

• Maintain independence and objectivity while building stakeholder relationships.

• Acts as a trusted advisor to assigned business/group.

• Influences and negotiates to achieve business objectives.

• Identifies emerging issues and trends to inform decision-making.

• Provides critical input to Chief Auditor/Assistant Chief Auditor on the practical aspects of the audit and its execution.

• Helps to develop annual audit plan.

• Provides input into Corporate Audit processes identifying opportunities to simplify.

• Executes audits in full recognition of the risks of the group that encompass the inherent risks, control risks and internal/external environment and regulatory risks. This may encompass individual audits and broader capstone audits of Enterprise level functions/processes.

• Conducts advisory engagements and other engagements as required.

• Determines impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services.

• Identifies and evaluates the impact of new and emerging technology and technology risk on the organization’s processes and control environment.

• Utilizes data analytics in advisory engagements to improve quality and efficiencies.

• Develops an awareness of business strategies, policies and standards providing meaningful insights based upon knowledge and research which will continue to improve the Enterprise management and control processes.

• Maintains the independence of the audit practice and its personnel.

• Develops insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance, risk and control processes based on audit work performed. Deliverables must be objective, clear, concise and timely.

• Identifies control deficiencies and provides a fair and balanced assessment of their magnitude.

• Maintains working knowledge of the industry, regulatory, broad economic environment, and internal environment, as to the development of new strategies and plans, opportunities and risk, to obtain an understanding of the control environment.

• Ensures that all audit procedures executed are conducted in accordance to Corporate Audit Methodology as…