Analyst, Retail Credit Risk (BMO BrokerEdge Governance Oversight)

Address:

Great opportunity as an entry into credit risk enterprise management, great experience to gain.

BMO’s BrokerEdge was successfully launched in January 2024 and have received tremendous response from the industry as reflected by the volume of booked deals versus the projections. One of the controls within the BrokerEdge’s governance framework is for Credit Risk to provide oversight to ensure First National LLP (FN)’s underwriting to be compliance with BMO-FN Lender Policy and Processes.

KEY AREAS OF ACCOUNTABILITY:

• Understanding of BMO-First National Lender Policy
• Understanding of BMO BrokerEdge’s credit risk oversight process
• Preparing weekly power point presentation for Leadership
• Data preparation from First National’s adjudication system and delivery for BMO’s strategy oversight
• Performing duplicate application checks throughout BMO distribution channels.

• Credit risk oversight on BMO-FN Lender Policies/Processes
• Knowledge of BMO- First National Lender policy. Specifically understanding of BMO’s Rental policy/rental offset policy, Savers policy, debt servicing thresholds, Loan to value policy and exceptions policy including deal flow to Consumer Credit.
• Understanding of credit risk oversight process of BMO’s BrokerEdge process.
• Data preparation from First National’s adjudication system and delivery for BMO’s strategy oversight
• Performing duplicate application checks throughout BMO distribution channels.
• Communicating with Strategy and Technology partners to ensure timely delivery of data for simulation within DMP
• Participation in investigation false flags identified by oversight assessment
• Other duties within governance & regulatory as assigned by the Leadership
• Broader work or accountabilities may be assigned as needed.

  Qualifications:

• Working knowledge of RESL portfolio make-up, retail credit risk and retail credit products.
• Working knowledge of BMO BrokeEdge policies and processes
• Thorough Understanding of the Home Financing industry
• Undergraduate University Degree in Business, Mathematics, or Economic

The 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

We’re here to help

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 https://jobs.bmo.com/ca/en.

BMO 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. 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 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.