Application Deadline:
05/01/2026
Address:
33 Dundas Street West
Job Family Group:
Audit, Risk & Compliance
Join a purpose‑driven team at the core of BMO’s risk management ecosystem. As the Director, Credit Risk Strategy Optimization Oversight, you will lead the end‑to‑end optimization, governance, and oversight of retail credit strategies across the consumer credit lifecycle including acquisition, account management, line management, pricing, and authorizations to balance profitable growth, PCL and KRM performance, portfolio resilience, capital efficiency, and regulatory compliance. This role sets the strategy vision, establishes guardrails and governance, and enables a test‑and‑learn culture to drive measurable improvements in risk‑adjusted returns, loss outcomes, capital usage, and customer experience. As a senior enterprise specialist, the Director provides independent, effective challenge and trusted advisory to senior leaders and cross‑functional partners.
Key Responsibilities
Strategy Optimization, Risk Intelligence & Effective Challenge, and Portfolio Outcomes
Own the enterprise credit‑strategy framework to optimize risk–reward and drive improvements in approvals, utilization, balances, profitability, and portfolio quality within risk appetite and capital constraints.
- Refine the enterprise credit‑strategy framework to ensure optimal risk–reward, capital efficiency, and compliance with risk appetite, governance, and regulatory expectations.
- Act as senior SME guiding champion/challenger design across approvals, line strategies, pricing/offers, and authorization rules using rigorous experimentation, advanced analytics, and sound risk judgment.
- Embed a disciplined effective‑challenge function across the full strategy lifecycle, ensuring integrity in problem framing, data/feature quality, model/score use, test design, monitoring, fairness reviews, and documentation.
- Convert analytical insights into scalable production strategies using bureau, behavioural, and alternative data; establish strong KPI/KRM monitoring to support performance, resilience, and early‑warning detection.
- Elevate risk intelligence by synthesizing early‑warning signals, peer benchmarks, macro trends, stress‑scenario results, and regulatory developments into actionable, forward‑looking guidance for senior leaders.
- Embed affordability, macro‑sensitivity, stress‑testing outcomes, and PD/LGD/EAD overlays directly into strategy design to ensure resilience across economic conditions.
- Review strategic business cases to ensure analytical defensibility, alignment to risk appetite, sound assumptions, and strong control considerations.
- Maintain transparent, audit‑ready documentation including strategy rationale, controls, change logs, and validation summaries.
Strategic Advisory, Governance & Oversight
- Define and enforce strategy guardrails, documentation standards, and governance routines aligned with enterprise risk appetite, Model Risk, Compliance, and OSFI expectations.
- Serve as primary liaison to 2nd Line, Internal Audit, and governance forums, providing independent perspectives on portfolio trends, emerging risks, variances, and mitigants.
- Establish strategy quality controls including pre/post‑implementation validation, back‑testing, shadow reads, and model/score usage attestations within disciplined change‑management processes.
- Connect strategy changes to capital impacts, stress‑testing outcomes, loss‑forecasting results, and risk‑appetite metrics to ensure clear traceability from policy to execution.
Analytics, Tooling & Infrastructure
- Optimize decision engines and adaptive‑control tools (e.g., TRIAD, Strategy Manager, DMP) to enable rapid deployment, segmentation, and throttle management.
- Partner with Data, Engineering/T&O, and Modeling teams to productionize risk signals scores, affordability metrics, PD/LGD overlays with strong controls, monitoring, and version governance.
- Advance visualization standards and self‑serve analytics to improve transparency, KPI drill‑downs, and executive‑ready storytelling.
Leadership, Stakeholder & Change
- Build and lead a high‑performing credit‑strategy oversight and analytics team, fostering a culture of curiosity, effective challenge, experimentation, and evidence‑based storytelling.
- Drive cross‑functional alignment with Product, Group Risk, Finance/Capital, Collections, Fraud, Legal/Compliance, Data & AI, and Technology to deliver high‑impact strategy changes and capability enhancements.
- Champion disciplined change management through strong problem statements, structured delivery plans, and clear benefits realization.
Qualifications
- 10+ years in financial services/fintech/consulting with leadership in credit strategy, portfolio analytics, or credit policy.
- Graduate degree in a quantitative field (Math/Stats, Analytics, Engineering, Finance/Econ, OR, Business).
- Hands‑on experience designing and scaling credit strategies across the lifecycle, includin