Credit Risk Reviewer

Credit Risk Reviewer

Requirements

• Typically between 10+ years of relevant experience and/or certification in related field of study or an equivalent combination of education and experience.
• Professional designations or business designation: CPA, MBA, CFA.
• Credit qualification required according to the standards established within the Credit Qualification Process Policies and Procedures.
• Superior knowledge of all phases of effective credit administrations, policies and procedures, commercial lending and/or retail lending processes, and analytical practices.
• Essential to have ability to identify early warning signals and required practices for management of problem accounts. Experience with loan workouts preferred.
• Extensive knowledge of and experience with Corporate Policies/Standards, Commercial Lending and/or Retail Lending Process and Directives, the enterprise’s credit culture and procedures, and general banking practices and regulations.
• Superior credit analytics and risk evaluation skills.
• Strong finance and accounting practice skills.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills – In-depth.
• Collaboration & team skills – In-depth.
• Analytical and problem solving skills – In-depth.
• Influence skills – In-depth.
• Data driven decision making – In-depth.

Responsibilities

• Conducts independent examinations of credits and portfolios to ensure risk rating accuracy and asset quality of the credit portfolio.
• Reviews and rates credit risks to assure timeliness and accuracy of credit risk ratings for the assigned commercial loan portfolio and/or retail loan portfolio.
• Participates in ongoing portfolio reviews, target examinations, portfolio deep dives, and special reviews of specific credits in accordance with Credit Risk Review Mandate and Procedures.
• Assesses ratings and evaluation of the adherence to policies and procedures, as well as the effectiveness and accuracy of credit analysis, collateral evaluation, monitoring, underwriting quality, and identification and management of problem credits.
• Assigns grades for the quality and risk profile of the portfolios reviewed and the compliance of the related unit(s) with bank policies and procedures.
• Recommends action plans for resolving material issues noted in reviews.
• Provides training and support to internal stakeholders on risk rating accuracy and best practices in credit risk.
• Builds relationships with lending areas and across risk management.
• Assures consistent practices and applications of Credit Risk Review Mandate and Procedures.
• Completes investigations, assigned tasks, reports, and contribute to overall review assessments and grades timely, accurately and with appropriate diligence.
• Represents Credit Risk Review as requested in various cross enterprise working groups in order to provide credit risk oversight and perspectives.
• Aggregates Credit Risk Review intelligence, identifies issues and reports to Senior Management, various internal committees and/or Boards.
• Works collaboratively with internal stakeholders to maximize risk return and improve the customer experience through the lending process.
• Participates in due diligence for portfolio or bank acquisitions via credit risk evaluations.
• Contributes to the development and implementation of loan policies and procedures, on an as-needed basis.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed.

Preferred Qualifications

• Experience with loan workouts preferred.