Bank of Montreal
3 days ago
Application Deadline:
Address:
1200 E. Warrenville RoadJob Family Group:
Audit, Risk & ComplianceLooking for a Credit Officer II to join our dynamic team, focusing on business banking, private banking, and select consumer portfolios. This role is ideal for an experienced underwriter with a proven track record in business or commercial credit, and someone ready to expand their scope into mortgage and retail transactions.
Key Responsibilities:
- Approve credit transactions across business banking, private banking, and mortgage portfolios, with a focus on business lending and financial analysis.
- Begin with a discretionary credit approval limit of up to $1 million, with opportunities for growth based on performance.
- Work closely with internal teams to provide expertise in credit underwriting, risk assessment, and loan approvals, ensuring compliance with BMO’s policies and industry best practices.
- Gain exposure to a variety of transactions, including business loans, mortgages, home equity, and more, to build a well-rounded credit portfolio expertise.
- Collaborate across teams to streamline processes and improve efficiency, with a commitment to supporting both BMO and its clients in making sound financial decisions.
What We’re Looking For:
- Solid credit underwriting experience in business banking or commercial lending. Candidates with a few years of underwriting experience and a strong understanding of business lending will be highly considered.
- Experience with credit approval limits in current/previous roles. Preference for those already managing credit limits around $1 million or those who demonstrate capability to step into that range.
- Strong knowledge of BMO’s systems and processes, ideally coming from an internal role, but external candidates with relevant experience are welcome to apply.
- Ability to work in a fast-paced environment, making high-quality decisions that balance risk with business growth.
Location:
- This position is located in Naperville, IL, or Brookfield, WI, with potential flexibility for remote work for the right candidate.
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Provides independent, objective review and adjudication of credit applications and transactions for an assigned portfolio within credit limits or makes credit recommendations and escalates as required. Ensures the credit quality of the assigned portfolios are maintained within the Bank’s risk tolerance, policies & procedures, and meet financing guidelines. Supports credit adjudication operations and initiatives. Provides training and support to teams and channels where the applications and transactions originate.
Helps determine business priorities and best sequence for execution of business/group strategy.
Conducts independent analysis and assessment to resolve strategic issues.
Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
Ensures alignment between stakeholders.
Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.
Provides input into the planning and implementation of operational programs.
Provides technical expertise to other team members, acting as a go-to person for the team.
Supports the manager by coordinating and managing workflow and exception requests; escalates any concerns.
Reviews and communicates decisions on credit transactions with rationale that can be understood and explained to customers.
Identifies and advises on terms, conditions and collateral requirements for the transaction decision as well as opportunities for cross-selling and/or alternative solutions to meet client’s needs.
Keeps abreast of economic and market developments within the portfolio to inform decision making and credit risk policies.
Provides approval for exceptions according to established policy and standards.
Monitors the credit portfolio through transaction review & approval to ensure compliance with the Bank’s lending policies and procedures.
Provides credit risk coaching and advice to sales & service employees to increase awareness of risk, policy, and knowledge of structuring transactions.
Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
Builds effective relationships with internal/external stakeholders.
Gathers and formats data into regular and ad-hoc reports, and dashboards.
Monitors and tracks performance and addresses any issues.
Executes work to deliver timely, accurate, and efficient service.
Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
Provides specialized consulting, analytical and technical support.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently and regularly handles non-routine situations.
Broader work or accountabilities may be assigned as needed.
Qualifications:
Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Credit Qualifications and associated credit knowledge and skills according to the established qualification standards.
In-depth knowledge of banking products & services.
In-depth knowledge of industry trends and regulations.
In-depth knowledge of credit portfolio management policies & procedures, and financing guidelines.
Proven leadership skills and highly developed coaching skills.
Deep knowledge and technical proficiency gained through extensive education and 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.
Salary:
$72,500.00 - $134,500.00Pay Type:
SalariedThe 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
About Us
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.
To find out more visit us at http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.