Commercial Banking Financial Analyst

BMO Chicago , IL 60602

Posted 2 months ago

Address:

111 W Monroe

  • 115 S LaSalle

Job Family Group:

Commercial Sales & Service

Facilitates decisioning and analysis of all types of credit information to support lending decisions and processes for the bank. Maintains and promotes a client service environment to satisfy and exceed customer needs and expectations. This role will make credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures.

  • 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.

Qualifications:

  • 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.

We're here to help

At BMO Harris Bank 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 Harris Bank 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 https://jobs.bmoharris.com.

BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Commercial Banking Analyst

BMO Harris

Posted 1 week ago

VIEW JOBS 1/13/2022 12:00:00 AM 2022-04-13T00:00 Address: 401 N Executive Drive Job Family Group: Commercial Sales & Service The position operates in a centralized business environment to assist Commercial Bankers in the initial steps of their loan approval and underwriting process. Functions include preparing the financial statement spreads, risk rating setup, covenant compliance testing, grid pricing checks, and ordering Credit Bureau Reports and Dun & Bradstreet Reports. We are actively seeking recent graduates (undergraduate or graduate programs) for this role. Facilitates decisioning and analysis of all types of credit information to support lending decisions and processes for the bank. Maintains and promotes a client service environment to satisfy and exceed customer needs and expectations. This role will make credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures. * Advises and recommend alternative means of financing for borrowers/prospects when it is determined that loan structure is not in the best interest of BMO. * Analyzes financial information, tax returns, credit bureau reports and other related materials. * 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. * Completes complex & diverse tasks within given rules/limits and may include handling escalations from other employees. * Analyzes issues and determines next steps. * Broader work or accountabilities may be assigned as needed. Qualifications: * Typically between 2 - 3 years of relevant experience and post-secondary degree in related field of study desirable or an equivalent combination of education and experience. * Specialized knowledge. * Verbal & written communication skills - Good. * Organization skills - Good. * Collaboration & team skills - Good. * Analytical and problem solving skills - Good. We're here to help At BMO Harris Bank 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 Harris Bank 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 https://jobs.bmoharris.com. BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter. BMO Harris Chicago IL

Commercial Banking Financial Analyst

BMO