Director, Credit Audit, Commercial Banking

Application Deadline :

07 / 30 / 2024

Address : 100 King Street West

100 King Street West

Job Family Group :

Audit, Risk & Compliance

Must Have Credit Audit Experience from a large Bank and must have operated within Commercial Banking space.

Conducts audit engagements to critically assess management and internal control processes, approving the nature, extent and timing of the audit, its execution and the formulation of insightful audit reports.

Reports on audits to provide clear, concise and memorable insights on issues and potential issues to assist management in fulfilling mandates.

This work provides vital assurance to the Board of Directors and senior management on the quality of internal control systems and reduces the risk of loss and reputational damage to the Company.

This work is instrumental in identifying unacceptable / high risk circumstances that could lead to material impact on profitability or reputation.

Provides independent assurance on the quality and effectiveness of internal control, risk management, and governance systems and processes to support senior management and the Board in protecting BMO and its reputation.

• Provides expertise in Credit Audit on the Commercial Banking side
• Acts as trusted resource providing advice to executive leaders of business / group on risk, governance and internal controls.
• Provides advice to executive leaders on risk, governance and controls relating to strategy and new initiatives, based on an in-depth understanding of the business / group.
• Meets regularly with business / group stakeholders to identify changing strategies, tactics, and initiatives across the business / group and evaluate changes to the nature, and extent of risk environments
• May advise or serve on various committees and task forces.
• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
• Acts as the prime contact for external stakeholder relationships, which may includes regulators.
• Ensures that all audits for which the role is responsible are conducted effectively and efficiently to the high standards set out by the Corporate Audit, outcomes of which are confirmed through the Audit's Quality Assurance Program and / or regulatory examination results.
• Ensures Corporate Audit KPIs are met.
• Motivates continued high performance by enhancing and executing Corporate Audit People Strategy including skill transformation and career development.
• Recommends modifications to division training to address real time and evolving needs identified through self assessments, QA reviews, emerging trends and regulatory expectations.
• Recommends changes as needed to team structure, succession planning, to enable effective completion of overall Corporate Audit mandate.
• Executes audits in full recognition of the risks of the group that encompass the inherent risks, control risks and internal / external environment and regulatory risks.

This may encompass individual audits and broader capstone audits of Enterprise level functions / processes.

• Conducts advisory engagements and other engagements as required.
• Determines impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services.
• Identifies and evaluates the impact of new and emerging technology and technology risk on the organization's processes and control environment.
• Utilizes data analytics in advisory engagements to improve quality and efficiencies.
• Develops an awareness of business strategies, policies and standards providing meaningful insights based upon knowledge and research which will continue to improve the Enterprise management and control processes.
• Maintains the independence of the audit practice and its personnel.
• Develops insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance, risk and control processes based on audit work performed.

Deliverables must be objective, clear, concise and timely.

• Identifies control deficiencies and provides a fair and balanced assessment of their magnitude.
• Maintains working knowledge of the industry, regulatory, broad economic environment, and internal environment, as to the development of new strategies and plans, opportunities and risk, to obtain an understanding of the control environment.
• Ensures that all audit procedures executed are conducted in accordance to Corporate Audit Methodology as confirmed by it's Quality Assurance program and / or regulatory examination results.
• Applies sound judgement in the execution of the assigned work and ensures open lines of communication.
• Develops and maintains good working relations with key stakeholders.
• Actively monitors change management initiatives and identifies potential risks.
• Actively participates and supports Corporate Audit change initiatives.
• Maintains and enhances professional audit qualifications in line with industry standards.

Qualifications :

• Typically 10+ years of relevant experience in Audit Leadership for Credit and Commercial Banking and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Professional designations or business designations such as CIA, CPA-Audit.
• Seasoned expert with extensive industry knowledge (Commercial, Capital Markets, Commercial Lending Limits)
• Technical leader viewed as a thought leader for innovation.
• Experience with Credit Audit (must have)

Salary :

$113,900.00 - $211,800.00

Pay Type : Salaried

Salaried

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.