Manager Commercial Underwriting - Transportation Finance

BMO Irving , TX 75061

Posted 4 weeks ago

Serving customers for 200 years and counting, Bank of Montreal (BMO) is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $839 billion as of July 31, 2019, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

The Commercial Banking Transportation Finance business is seeking a dynamic and motivated risk manager to manage a team of underwriters. As a first-line risk leader, the position responsible for all new business underwriting (credit exposures > $1 million), portfolio performance, delinquency, losses, and compliance with BMO's Credit Policies and Procedures. The position reports directly to the Director of Underwriting & Portfolio Management.

Core Responsibilities

  • Risk Management (50%)

  • Training and Coaching (25%)

  • Managerial Leadership (15%)

  • Credit Policies & Processes Support (10%)

Accountabilities

  • Manage a team supporting the Transportation business consisting of three (3) leaders and ten (10) analysts to underwrite and manage new and existing customers with credit exposures > $1 million.

  • Make credit decisions/recommendations in accordance with sound credit-granting principles and in compliance with BMO's Policies and Procedures.

  • Ensure appropriate staffing to meet credit turnaround timelines/metrics and maintain overall credit quality.

  • Establish performance objectives for the team and adjusting risk appetite where appropriate.

  • Ensure teams are adequately trained and educated on the transportation industry and deal specific risk identification and mitigation.

  • Partner with senior management and relationship managers (Commercial Team) to attract and retain customers.

  • Maintain financing guidelines and procedures appropriate for the business and in line with bank requirements.

  • Support modification and development of new and existing decision and portfolio management guidelines and policies.

  • Ensure annual reviews and other portfolio administration tasks are completed timely and accurately (maintain high data integrity standards).

  • Resolve customer and portfolio issues in partnership with the Commercial Team and special asset specialists, as required.

  • Prepare reports and credit assessments to present to senior management with a clear and consistent approach to managing transactions and portfolio risk.

  • Monitor industry trends and changes to maintain a forward looking view of the industry to identify new risks and opportunities.

  • Ensure adherence of all internal control standards, regulatory and compliance policies and procedures.

  • Participate in projects, special due diligence requests, audits, and related activities, as required.

  • Proven abilities in managerial and leadership skills

  • Exceptional analytical and risk management skills

  • Highly developed written and oral communication skills

  • Strong interpersonal skills used within a team environment and in client interaction with emphasis on excelling in relationship building.

  • Strong ability to advocate persuasively

  • Excellent capability to independently and proactively service multiple clients and effectively manage multiple priorities

  • Expertise in financial computer applications and database management tools including Microsoft Office products and the Internet

  • An undergraduate degree in finance, economics, or accounting preferred

  • Minimum of 10 years of financial services industry experience preferably in the transportation industry

  • In-depth level of commercial credit/portfolio management knowledge, skills and experience

  • Excellent knowledge of the organizational lending and portfolio management policies and objectives

We're here to help

At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do helping people is in our DNA. For 200 years we have thought about the futurethe future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we're changing the way people think about a bank.

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://bmoharriscareers.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.


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Manager Commercial Underwriting - Transportation Finance

BMO