Director, Credit Risk Policy

The position can be hybrid or remote.

This leadership role is pivotal to advancing the objectives of Ambition 2030 and the bank’s wholesale credit risk transformation. As head of the Wholesale Credit Risk Policy team, you will drive enterprise-wide initiatives, collaborating with Technology, Risk, and business leaders to interpret regulations, modernize systems, and enhance frameworks governing credit risk management. The position offers significant exposure to senior executives and regulators, providing broad insight into the intersection of policy, data, systems, governance, and controls.

Provides subject matter expertise in the analysis, development, approval process, issuance and communication of Risk policy frameworks in alignment with standards. Writes, publishes and maintains policy documentation to achieve the desired business results and support corporate, compliance and/or regulatory requirements. Includes guidelines, standards, directives, operating procedures, and related documentation.

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.

• Ensures alignment between values and behaviour that fosters diversity and inclusion.

• Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.

• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.

• Attracts, retains, and enables the career development of top talent.

• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.

• Acts as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives.

• Develops an expert understanding of business/group challenges.

• Networks with industry contacts to gather competitive insights and best practices.

• Recommends measures to improve organizational effectiveness.

• May consult to or serve on various committees and task forces.

• Influences and negotiates to achieve business objectives.

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

• Designs, develops and implements multi-year strategy (including governance &, program design, operating frameworks, tools and processes).

• Monitors adherence to standards and assists with issue management.

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

• 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.

• Analyzes the impact of projects related to compliance, transformation, system upgrades etc. on policies and procedures. Assesses and reports the impact of changes to stakeholders.

• Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.

• Designs and produces regular and ad-hoc reports, and dashboards.

• Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.

• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.

• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

• Leads the development of the communication strategy focusing on positively influencing or changing behaviour.

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

• Assess and adapts existing operational programs; develops new capabilities to ensure ongoing success.

• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.

• Oversees the design, development, and implementation of tools and training required to deliver business results.

• Creates, implements and sustains the…