Director, Canadian Business Banking Credit Strategy Risk Management

Director, Canadian Business Banking Credit Strategy Risk Management

Join a high-impact team at the forefront of strategic credit decisioning—where your leadership will shape the future of credit risk for BMO’s Business Banking portfolio. As a Director in Canadian Business Banking Risk Management
, you’ll play a pivotal role in ensuring that automated lending decision and portfolio management strategies elevate portfolio performance, optimize Return on Equity (ROE), and influence enterprise-wide decision-making. You’ll lead a team of seasoned credit strategy professionals to advise the line of business on credit strategy development, provide end‑to‑end effective challenge on the credit strategies they develop, and design your own challenger strategies to grow the Business Banking portfolio, optimize profitability and ROE and effectively manage the credit risk in the portfolio.

This is a rare opportunity to drive transformative initiatives that balance growth, risk, and profitability—while aligning with BMO’s enterprise strategic priorities.

At BMO, we’re more than a bank—we’re a purpose‑driven organization committed to Boldly Grow the Good in business and life. As one of North America’s top ten banks, we foster an inclusive, high‑performing culture built on integrity, empathy, and innovation.
Employee Value Proposition centers on personalized career development, competitive rewards, and holistic well‑being—mental, physical, social, and financial. We empower our people to shape their future through continuous learning, flexible work arrangements, and vibrant Employee Resource Groups.

• Lead a team of seasoned credit strategy professionals to:
  • Provide end‑to‑end oversight and effective challenge for the development and implementation of new Canadian Business Banking credit strategies across loan origination, portfolio management, fraud and collections, driving sustainable growth and risk‑adjusted returns within risk appetite.
  • Leverage deep expertise to advise the line of business on credit strategy development.
  • Review and approve testing plans and outcomes to ensure flawless implementation of credit strategies within automated decision platforms.
  • Proactively design challenger strategies to further optimize portfolio growth and performance and implement them when outcomes out‑perform existing strategies.
• Monitor performance and emerging risks, proactively recommending mitigation actions to enhance portfolio quality and resilience and identifying opportunities for profitable growth.
• Lead advanced analytics and deep‑dive portfolio assessments to uncover trends, inform strategy, and support agile decision‑making.
• Provide thought leadership and strategic insights to senior executives; represent Credit Risk in governance forums, regulatory reviews, and audits.
• Stay ahead of macroeconomic, competitive, and regulatory developments to anticipate risks and opportunities.
• Champion industry‑leading innovation and creativity to drive competitive advantage and business growth.
• Provide strong leadership for the Business Banking Credit Strategy Risk Management team:
  • Inspire and mentor colleagues, fostering a culture of innovation, accountability, and continuous development, aligned to BMO purpose, values and strategy.
  • Regularly connect work to BMO's purpose, set inspirational goals, define clear expected outcomes, and ensure clear accountability for follow through.
  • Attract, retain, and enable the career development of top talent.
  • Improve team performance, recognize and reward performance, coach employees, support their development, and manage poor performance.
• Build strong partnerships across the line of business, credit strategy, finance, legal, operations, and product teams to ensure cohesive strategy execution and strong effective challenge considering all areas of risk.

• Graduate degree in Economics, Business Management, Engineering, Data Science, Mathematics, Finance or a related field; advanced degree preferred.
• 9+ years of progressive experience in credit risk management, ideally within Business Banking, unsecured lending or Private Banking in the Canadian Banking industry;
  Business…