Senior Technology Manager - Loan Servicing Technology
About the job
- At least 7 years of experience in technology leadership, platform management, software engineering, or technology delivery.
- At least 4 years of people leadership experience.
- Experience leading cross-functional teams and delivering complex technology initiatives.
- Experience managing mission-critical production environments and enterprise applications.
- Experience managing vendor relationships, technology partners, and delivery commitments.
- Experience managing project financials and technology budgets.
- Advanced experience with Loan IQ platform support, administration, batch operations, environment management, releases, upgrades, and integrations.
- Advanced experience with commercial lending and loan servicing technology platforms.
- Advanced experience with API management, REST services, microservices, and secure integration patterns.
- Advanced experience with IBM API Connect and DataPower.
- Advanced experience with Java and Spring Boot.
- Advanced experience with Oracle databases, SQL development, troubleshooting, and performance optimization.
- Advanced experience with DevOps, CI/CD, automation, and test-driven development practices.
- Advanced experience with cloud technologies, preferably AWS.
- Advanced experience with production support, operational governance, release management, and change management.
- Advanced experience with data analysis, reporting, monitoring, and data-driven decision making.
- AI/ML awareness and practical adoption within software development processes.
- Strong stakeholder management and relationship-building skills.
- Communication, presentation, and influencing capabilities.
- Analytical thinking and problem-solving abilities.
- Ability to manage ambiguity and competing priorities in a complex environment.
- Ability to develop, motivate, and retain high-performing teams.
- Leadership in driving modernization, innovation, operational excellence, and continuous improvement.
- Lead the strategy, roadmap, prioritization, and execution of Loan Servicing technology platforms and related integrations.
- Ensure platform stability, availability, security, scalability, resilience, and operational readiness.
- Drive modernization initiatives, including cloud adoption, API enablement, automation, technical debt reduction, and engineering improvements.
- Monitor platform health, operational metrics, risks, and service performance while driving continuous improvement.
- Champion innovation through adoption of AI-enabled software development and delivery practices.
- Provide leadership in solution architecture, system design, API management, integration architecture, and engineering governance.
- Lead production support governance, incident management, problem management, change management, release execution, and operational readiness activities.
- Ensure compliance with enterprise architecture standards, cybersecurity controls, privacy requirements, risk management practices, and regulatory obligations.
- Drive delivery excellence across multiple technology initiatives while managing dependencies, timelines, operational risks, and stakeholder expectations.
- Use data and operational insights to improve platform reliability, supportability, performance, and user experience.
- Partner with business and operational stakeholders to translate business requirements into scalable technology solutions.
- Manage strategic vendor relationships, including service delivery, licensing, contract obligations, compliance requirements, escalation management, and technology roadmap alignment.
- Collaborate with architecture, infrastructure, security, operations, and external technology partners.
- Manage project budgets, technology investments, vendor expenditures, resource planning, estimates, and financial forecasts.
- Ensure delivery commitments align with approved funding, business priorities, and strategic objectives.
- Lead, coach, mentor, and develop a team of technology professionals.
- Foster an inclusive, high-performing, and collaborative team culture.
- Support succession planning, employee engagement, career development, and talent retention.
- Establish clear goals, accountability measures, and performance expectations.
- Experience supporting Commercial Banking, Corporate Banking, Loan Servicing, Syndicated Lending, or Lending Operations platforms.
- Experience with Finastra Loan IQ or comparable commercial lending systems.
- Experience leading platform modernization, cloud migration, or digital transformation initiatives.
- Experience operating within a regulated financial services environment.
- Familiarity with lending product lifecycles, agency services, payments, settlements, credit operations, or loan servicing processes.
- Experience managing distributed teams and vendor delivery models.
About the company
Bank of Montreal, known as BMO, runs a Canadian bank and a large American bank, serving households and businesses on both sides of the border. Until the Bank of Canada opened in 1935, it acted as the Canadian government's banker. People use its branches and apps for accounts, mortgages, credit cards, and investments, while companies borrow from it and turn to its BMO Capital Markets arm to raise money and trade securities. BMO makes money on the gap between the interest it charges on loans and pays on deposits, plus fees from managing wealth and advising on deals. Bank of Montreal was founded in 1817 as Canada's first bank, and it keeps its legal head office in Montreal and its executive offices in Toronto, Canada.
Company Size
10,001+
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
1817
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Simplify's Take
What believers are saying
- Profits are climbing: before one-time items, BMO earned C$2.86 billion in the quarter ending July 2026, up 19%.
- Expansion means jobs out West: in March 2026, BMO announced plans for 130-plus new California branches within five years.
- Payouts are steady: BMO has paid a dividend every year since 1829, the longest record of any Canadian company.
What critics are saying
- Cost cuts reach staff: BMO reported a C$202 million severance charge in February 2026 as headcount fell 678 to 53,035.
- The U.S. arm earns less: its 8.6% return on equity trailed BMO's overall 13% in the quarter ending April 2026.
- Compliance lapses draw fines: Canada's consumer watchdog fined BMO C$4 million in February 2026 for overcharging 101,091 customers.
What makes Bank of Montreal unique
- Business lending comes first: 56% of BMO's loans in April 2026 went to companies and governments, 28% to mortgages.
- It is a big American bank too: its U.S. arm ranked 16th in the country by assets in June 2026.
- Chicago is its second hub: 81 of BMO's 926 job openings in October 2026 were there, behind only Toronto's 241.
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Benefits
Health Insurance
Tuition Reimbursement
Accident and Life Insurance
401(k) Retirement Plan
Professional Development Budget
Hybrid Work Options
Company News
Upsized facilities include a $300 million revolver and a $300 million delayed draw term loan, with lower pricing and expanded capacity to fund growth MACON, Ga.--(BUSINESS WIRE)-- Blue Bird...
ESCO Technologies Inc. entered into a new credit agreement on 29 May 2026, providing $1.5 billion in senior secured credit facilities with a syndicate of banks led by JPMorgan Chase Bank as administrative agent. The agreement became effective on 1 October 2026 and replaced the company's previous credit agreement dated 30 August 2023. The new facility comprises three components: a $500 million revolving credit facility, a $500 million term loan A facility, and a $500 million term loan B facility. On the closing date, ESCO borrowed approximately $1 billion under the new agreement to fund a transaction's cash purchase price, refinance existing debt, and cover associated fees and expenses. The obligations are guaranteed by ESCO and its material US subsidiaries and secured by substantially all tangible and intangible personal property.
Big banks exploring Canadian dollar-based digital money with tokenized deposits. Daniel Johnson TORONTO - Canada's big banks are exploring the development of Canadian dollar-based digital money, starting with a tokenized deposits initiative. Tokenized deposits are traditional bank deposits recorded on a decentralized database or distributed ledger, such as a blockchain. The plan seeks to deliver faster, more efficient and programmable payments to Canadian customers while preserving safety, stability and effective regulatory oversight. It means Canadian dollars could be converted into tokens on blockchain for easier transfers, said Claire Célérier, Canada Research Chair in household finance at the University of Toronto's Rotman School of Management. "My understanding is that the six banks will share the same blockchain, and so it implies that transactions can be made instantaneously across wallets with tokens," she said. Bank of Montreal, CIBC, National Bank, Royal Bank, Scotiabank and TD Bank are taking a collaborative approach to the project. The tokens would be issued by commercial banks and from a legal perspective, depositors can treat them the same as traditional bank deposits. The banks say the first phase aims to move tokenized deposits between Canadian financial institutions. "It's really exploratory now. I think what they're saying is that they're willing to work together to develop the technology," Célérier said. She said the potential capabilities would be of particular benefit to large companies or institutional investors, allowing them to complete "more sophisticated transactions." "What I expect is that these tokenized dollars will be mostly used by large companies and so on who have accounts across these Canadian banks, and it will be used to move large amounts of money," she said. Cristian Bravo, professor and Canada Research Chair in banking and insurance analytics at Western University, said the potential change could allow large producers to settle accounts far faster than their typical 30-day window. "If you have an instant settlement, you're closing that gap and closing that inefficiency in the market. And the fact that you have the money when you fulfil the contract, that can help reduce dependency on working capital and mobilize that capital faster," he said. But Bravo said that due to the lack of historical examples, it is not clear how much of an effect the move could have on the bottom lines of companies or institutional investors that use it. Bravo said it is also notable that digital money is not the same as cryptocurrency, but rather a "digital ledger to move deposits in a very quick, instant way."
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St. Paul's Summit Brewing Company faces foreclosure. One of Minnesota's largest brewers could lose its St. Paul brewery to foreclosure after its lender sued them to collect more than $8 million worth of unpaid debt. In a lawsuit filed last week, BMO Bank alleges Summit Brewing Company missed a loan payment deadline at the end of last year. The bank then agreed to a forbearance period - holding off trying to collect the loan - until July 31. But BMO alleges in court filings that Summit indicated in a June letter that it still didn't have the ability to repay the loan, and that its "liquidity position and operational flexibility continue to deteriorate." BMO wants a judge to appoint a receiver who could "take possession of, manage, operate, and property" belonging to Summit, according to the lawsuit. In a statement to MPR News, Summit CEO Brandon Bland said they will continue to run their day-to-day operations during the proceedings, but he acknowledged the brewery is facing financial struggles. "Our Board and management team have made substantial efforts over many months to chart a different course for this company," Bland said. "This reflects the difficult capital environment the entire craft brewing industry is navigating, not a reflection of the strength of our brand, our people or our operating model." Summit said its company leaders have worked with outside advisors over the course of the last year to find alternative paths forward. "Despite these substantial efforts, the Company and BMO were unable to reach a resolution, and BMO has elected to proceed with the foreclosure action, including its request for the appointment of a general receiver," Summit said in the statement. Bland said they'll continue to look at every option available to them as the process moves forward. No court hearings have been scheduled in the case. Dear reader,. When our communities are navigating uncertainty, staying informed matters more than ever. At MPR News, we're committed to keeping Minnesotans informed and involved, curious and connected - and Minnesota Today is one way we do that. Getting these updates in your inbox helps you stay informed with trusted reporting and thoughtful context from across Minnesota.