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%)


  • 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

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

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 Account Manager CLS

GM Financial

Posted Yesterday

VIEW JOBS 12/12/2019 12:00:00 AM 2020-03-11T00:00 Overview The Commercial Account Manager - Commercial Lending Services (CLS) is responsible for conducting financial review and analysis of GM Financial floorplan dealers based on risk, financial statement analysis and debt service history. This position will also utilize data from the inventory audit system in conjunction with the financial statements to evaluate the risk associated with individual dealers and recommend an appropriate course of action to mitigate risk. Responsibilities JOB DUTIES * Monthly analysis of dealership financial statements * Monthly rating of each dealership utilizing the GM Financial Risk Rating Model * Monitor portfolio performance; report upgrades/downgrades in risk rating, analyze financial statements in conjunction with inventory audits to mitigate risk within the portfolio * Assess changes to the dealers' business operations and recommend changes to meet their needs * Communicate findings of monthly analysis to GM Financial Senior Management * Continually review departmental policies and procedures for compliance, and to ensure relevance, completeness, and accuracy * Conduct or assist in performance of Due Diligence audits * Perform other duties as assigned * Conform with all company policies and procedures REPORTING RELATIONSHIPManager Commercial Accounts Qualifications Knowledge * Understanding of commercial lending with emphasis in captive automotive dealership financing * Knowledge of accounting, financial statement analysis, and cash flow * Understanding of dealer operations * Knowledge of * Knowledge of Microsoft Office Skills * Ability to interface with all levels of management * Detailed oriented and capable of managing multiple opportunities simultaneously * Oral/written communication and interpersonal skills * Must be self-motivated and able to work independently * Analytical skills * Customer service skills * Ability to make sound business decisions based on policies and procedures * Able to meet deadlines Education * Bachelor's Degree in Accounting, Finance, or related field, or equivalent experience required Experience * 0-2 years experience in commercial lending required Working Conditions * Fast-paced office environment * Strong focus on providing quality service to internal and external customers * Work additional hours based on production demands requiring mandatory overtime * Subject to daily service level requirements * Must be able to deal with stressful office conditions while troubleshooting problems GM Financial Irving TX

Manager Commercial Underwriting - Transportation Finance