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Associate Commercial/Corporate Banking Specialty Sectors

Associate Commercial/Corporate Banking Specialty Sectors

CompanyBank of Montreal
LocationChicago, IL, USA
Salary$69000 – $127800
TypeFull-Time
DegreesBachelor’s
Experience LevelMid Level, Senior

Requirements

  • Undergraduate degree with focal areas of finance, economics, or accounting preferred with high academic achievement.
  • Typically between 4 – 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • Technical proficiency gained through education and/or business experience.
  • Verbal & written communication skills – In-depth.
  • Collaboration & team skills – In-depth.
  • Analytical and problem solving skills – In-depth.
  • Influence skills – In-depth.
  • Data driven decision making – In-depth.

Responsibilities

  • Identifies new sales opportunities for prospects and existing commercial clients through analysis.
  • May participate in on-site client visits with other internal stakeholders.
  • Maintains and promotes a customer service environment which meets and exceeds customer needs and expectations.
  • Recommends credit according to sound credit-granting principles.
  • Exercises individually held Commercial unilateral discretionary limits and any held prescribed approval discretionary limits.
  • Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
  • Evaluates clients’ ability to repay loans and consults on loan structure and collateral.
  • Identifies trends in client activities which may be predictive of deteriorating credit quality.
  • Performs periodic reviews of credit where more frequent monitoring may be appropriate.
  • Understands borrower types typical in the high net worth market and their relation to collateral ownership, loan repayment, loan structure, etc.
  • Grants loan requests within specified limits, using understanding of credit scoring and risk management concepts.
  • Monitors covenants of clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreement.
  • Provides accurate financial analysis and risk assessment of new and existing customers.
  • Partners with internal stakeholders for accurate, detailed client information.
  • Develops credit information to make lending decisions on new, renewal and extension loans.
  • Assists in negotiations of terms and conditions of all decisions made via phone and e-mail interaction with clients.
  • Prepares summary, present facts and offer opinions concerning credit worthiness.
  • Minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions.
  • Provides input into the planning and implementation of operational programs.
  • Builds effective relationships with internal/external stakeholders.
  • Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
  • Exercises judgment to identify, diagnose, and solve problems within given rules.
  • Works independently on a range of complex tasks, which may include unique situations.
  • Broader work or accountabilities may be assigned as needed.

Preferred Qualifications

    No preferred qualifications provided.