Join a purpose-driven team at the core of BMO's risk management ecosystem. As the Senior Manager, Credit Risk Strategy Oversight, you will provide independent, forward-looking challenge on credit strategies, policies, and portfolio decisions across BMO's Canadian Retail lending business. In this high-impact second line role, you will strengthen the bank's risk discipline through clear, data-driven oversight, ensuring alignment with risk appetite, regulatory expectations, and enterprise governance. You will influence strategic credit outcomes, elevate decision quality, and help embed sound credit practices across the lifecycle. This role provides meaningful opportunities to strengthen portfolio resilience and support BMO's commitment to Boldly Grow the Good.

Key Responsibilities
Provide independent review and challenge of retail unsecured lending credit strategies ensuring alignment with risk appetite and regulatory expectations. Responsibility for forming, documenting and communicating independent conclusions, including findings, limitations, residual risks, approval recommendations and required mitigants. End-to-end lifecycle oversight with Effective Challenge across strategy development, approval, implementation, post-implementation review and ongoing monitoring. Review and challenge champion-challenger testing frameworks, policy experiments, and strategy optimization initiatives. Assess conceptual soundness, core assumptions, data quality, and directional risk impacts across origination, account management, and collections strategies. Ensure sufficient controls, monitoring, and success measures are established prior to implementation. Evaluate post-implementation results and provide independent assessment of realized risk outcomes.





Portfolio Analytics & Risk Insights Conduct deep-dive portfolio analytics to identify emerging vulnerabilities and forward-looking loss drivers. Deliver data-driven insights to strengthen portfolio quality, enhance risk-adjusted returns, and improve decision effectiveness across the credit lifecycle. Monitor portfolio performance, early-warning indicators, and emerging risks; escrow material issues with transparent, actionable recommendations. Identify deviations from expected outcomes and support timely adjustments to strategies, controls, and processes.

Risk Governance, Policy & Regulatory Compliance Evaluate the appropriate use of credit risk models, scorecards, behavioral indicators, and analytical tools within credit risk strategies. Oversee adherence to credit-related policies, standards, and regulatory requirements Support internal audits, regulatory examinations and risk governance assessments. Ensure appropriate documentation, evidence of challenge, and governance records are maintained for significant risk decisions.

Cross-Functional Influence & Collaboration Partner with business teams to review and validate business cases, ensuring assumptions are robust, risk and financial impacts are well quantified, and proposals comply with enterprise standards and governance requirements. Build strong partnerships with credit, finance, product, operations, and modeling teams to embed risk considerations early in credit strategy design.



Influence senior stakeholders through concise, insight-rich analysis that enhances transparency and elevates decision quality. Represent the second line in select cross-functional governance forums and regulatory interactions, clearly articulating risk, loss and stress-related insights.

Leadership & Culture Building Mentor and develop analysts and associates to strengthen analytical rigor, credit judgment, and effective challenge capabilities. Foster a culture grounded in integrity, transparency, and continuous improvement. Clear accountability for work allocation, prioritization, quality review, coaching, performance management, succession planning and capability building within the team. Operate as a specialist resource and trusted advisor to senior leaders and key stakeholders across the organization. Apply strong analytical skills and creative problem-solving to navigate complex or ambiguous situations. Stay current on emerging trends, evolving risks, and regulatory developments; recommend adjustments to ensure oversight practices remain effective. Take on broader work or enterprise-wide deliverables as required.

Qualifications Typically, 7+ years of progressive experience in credit risk management, policy, strategy, or governance preferably within retail lending or OSFI-regulated environments. Graduate degree in a quantitative discipline (Statistics, Mathematics, Actuarial Science, Engineering, Finance, Economics, or related field). Strong understanding of credit risk frameworks, models, risk appetite, second-line responsibilities, regulatory expectations, and stress testing/regulatory capital concepts. Demonstrated ability to provide objective, well-reasoned, analytically grounded challenge.

📌 Senior Manager, Credit Risk Strategy Oversight (Winnipeg)
🏢 BMO
📍 Winnipeg