- Location
- 320Canal, United States of America
- Type
- Full-time
- Department
- Finance
- Seniority
- VP
- Education
- Bachelor
- Closing date
- Today
- Source
- Workday
Description
Application Deadline:
Address:
320 S Canal StreetJob Family Group:
Capital Mrkts Sales & ServiceThe salary range for this role is $125,000.00 up to $160,000.00 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)
The Vice President will support Corporate Banking professionals in executing the first line of defense accountability for strong risk culture. The role provides coordination, analysis, reporting, and oversight support across regulatory initiatives, risk assessments, policy governance, remediation programs, committee governance, and data quality initiatives.
KEY AREAS OF ACCOUNTABILITY
Key Area
Weight
Regulatory Exam and Internal Audit Coordination: 30%
Projects and Initiatives: 40%
Analytics: 30%
ACCOUNTABILITIES DEFINED
A. Regulatory Change, Remediation and Internal Audit Coordination
- Lead organization and gathering of “first day” materials for audit, credit risk review and regulatory exams
- Participate in regulatory and internal audit/credit risk review meetings
- Coordinate business responses to regulatory consultations, reviews, examinations, and information requests.
- Support implementation and tracking of regulatory remediation programs.
- Assist in annual and ad hoc risk identification and risk assessment exercises.
- Consolidate stakeholder feedback and prepare management summaries and recommendations.
- Coordinate policy, standard, and guideline reviews across relevant stakeholders.
- Maintain inventories of policy governance, regulatory commitments, and risk assessments.
- Track approvals, attestations, action items, and implementation milestones.
B. Projects/Initiatives
- Act as Global Corporate Banking representative on risk and regulatory related projects as the credit environment and economic events dictate
- Interact with Wholesale Credit Methodology on matters regarding Credit Risk Measures as needed.
- Interact with Operational Risk team on data quality reviews or other initiatives impacting the Corporate Bank
- Facilitate consistent implementation of mandates across the Global Corporate Bank and lead certain training initiatives
- Advocate for the Corporate Bank on enterprise-wide initiatives
- Review and assess proposed changes/updates to Corporate Policies, Standards and Operating Procedures for continued suitability for Corporate Bank. Strive to be Subject Matter Expert on these topics
- Respond to banker Inquiries on varying credit risk policies/procedural topics
C. Analytics
- Evaluate eligibility of credit facilities for inclusion in risk transfer portfolios on as needed basis.
- Analyze portfolio data to identify underlying drivers of changing metrics.
- Assess impact of emerging risk events as the environment dictates
- Support data quality reviews, issue tracking, and capability-building initiatives.
- Assist in developing and delivering risk-related communications and training materials.
- Respond to business inquiries regarding governance processes, policies, and regulatory requirements.
- Support ad hoc analysis and executive briefing materials for senior management.
KEY RELATIONSHIPS
This role requires the incumbent to interact with the following processes and/or groups:
- Corporate Banking/GM Corporate Banking personnel at all levels
- Enterprise Risk (Risk Reporting, Wholesale Credit, Portfolio Management, WCM)
- Other Operating Groups (US and Canadian Commercial)
- Corporate Audit and Credit Risk Review teams
- Business Intelligence & Analytics
- Risk and Capital Solutions
KNOWLEDGE AND SKILLS
Knowledge:
- Undergraduate degree in finance, business, economics, accounting, risk management, or a related discipline.
- 3-7 years of banking, risk management, governance, credit, audit, regulatory, compliance, project management, or related experience.
- Knowledge of Commercial Banking and lending processes.
- Understanding of risk governance, policy management, regulatory expectations, and control frameworks.
- Familiarity with audit, issue management, remediation, and governance processes.
- Working knowledge of credit risk concepts and portfolio management practices considered an asset.
Skills:
- Reasoning and problem-solving skills
- Superior written and oral communication
- Exceptional quantitative analytics and credit analysis skills
- Strong interpersonal skills used within a team environment
- Strong ability to advocate persuasively
- Strong attention to detail
- Ability to work independently and to learn and adapt quickly.
- Ability to be creative, insightful, and resourceful in performance of duties
- Expertise in Microsoft Office applications including PowerPoint and Excel
- Date querying/extraction skills and familiarity with other database management tools preferred
Salary:
Pay Type:
SalariedThe above represents BMO Financial Group’s pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
At BMO 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 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 http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO 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.