The Manager, Policy Strategy is accountable for the lending policies for Consumer and Home Financing lending, including policy development to ensure clear language for the line, meeting the needs of our customers, satisfying regulatory requirements, and keeping BMO in a competitive position vs other financial institutions.
First level management of exceptions to policy while providing an appropriate risk / return to our shareholders. This role will focus on rationalizing / simplifying our current lending policies, maintaining a working knowledge of other financial institutions’ policies, establishing networks with other financial institutions’ policy teams, and developing lending panels of BMO Mortgage Specialists, Financial Service Managers, Branch Managers and Regional Managers to ensure we remain competitive in the current marketplace.
Work with Process Simplification & Technology as they develop and enhance end-to-end processes for both the branch and Mortgage Specialists.
This role will create and apply new tools, policies and processes and provide differentiation and competitive advance relative to peers.
Key Accountabilities 80% A Policies / Processes10% B Compliance10% Risk Management and Control ACCOUNTABILITIESA. Policies / Processes
Provide maintenance of policies / directives, in collaboration with Product Managers, appropriate stakeholders, including credit origination (branch and Specialized Sales), account / relationship management, regulatory requirements, and compliance.
C. Risk Management and Control
Act as broker between Product teams and P&C Risk to ensure all concerns, issued and opportunities are identified and addressed.
Authorities Scope & ImpactApproval Authority to approve policies, procedures and standards within unit. This job contributes to BMO Financial Group's overall business results by managing the day to day operations .
Desired Behaviours Key Performance IndicatorsAbility to multi-task and manage multiple priorities. Strong cross-functional collaboration and relationship building skills.
Cross Functional Relationships
Knowledge & Skillsa) Knowledge :
May require flexibility in scheduling to accommodate branch hours.
We’re here to help
At BMO we have a shared purpose; we put the customer at the centre of everything we do helping people is in our DNA. For 200 years we have thought about the future the future of our customers, our communities and our people.
We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day.
Together we’re changing the way people think about a bank.
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 : / / bmocareers.com.
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.