Michael Weissglas
Head, North American Business Banking Credit Risk Management @BMO
Signup · Get unlimited contacts
WORK HISTORY
Head, North American Business Banking Credit Risk Management @BMO
Toronto, CA
Lead BMO’s ~40 person Business Banking Credit Risk Management team to effectively manage the risk in BMO’s $8B Small Business lending portfolio and drive profitable growth within risk appetite. Select accomplishments• Effectively navigated the economic turmoil of Covid 19, inflation and rising interest rates, supporting small business customers with the launch of BMO and Government relief programs, while preserving growth and mitigating credit losses by building targeted downturn capabilities and credit deterioration early warning systems• Transformed the Business Banking lending process and generated >$25MM annual cost savings by introducing more automation, reducing policy complexity and streamlining enhanced risk controls • Generated >$45MM in annual contribution margin by optimizing automated lending decision strategies, driving high return, profitable growth while managing credit losses• Conducted due diligence and integration planning for BMO’s $20B acquisition of Bank of the West
EDUCATION
University of Toronto
Bachelor of Applied Science
The Tuck School of Business at Dartmouth
MBA
SKILLS
ABOUT MICHAEL WEISSGLAS
Transformational leader who sees the potential in businesses and people and brings that potential to life. Well rounded general manager with proven track record managing a P&L and creating value by driving sales growth, improving profitability, developing new products, forging partnerships, managing risk and driving M&A activity. 10+ years’ experience in strategy, payments and small business banking, with a demonstrated ability to quickly learn and succeed in new industries and functions. 10 years’ business development experience forging and managing a number of the organization’s most important partnerships. 3+ years experience in managing credit risk and managing loyalty programs. Strong track record building highly engaged, high performing teams and helping team members succeed and grow.
This profile is compiled from publicly available professional sources. Unifers is not affiliated with or endorsed by LinkedIn. Request removal of this profile.