BMO Financial Group Commercial Banking Associate - Engineering & Construction in Chicago, Illinois
111 W Monroe - 115 S LaSalle
Job Family Group:
Commercial Sales & Service
As an associate in BMO's US Engineering & Construction group, you will be joining a dynamic and experienced team to assist in originating, structuring and underwriting commercial, corporate and leveraged debt transactions for both public and private clients within the US Engineering & Construction industry sector. BMO’s Engineering & Construction group is a national leader in providing innovative financing solutions and strategic advice to the sector, whether as a direct lender or through collaboration with our BMO Capital Markets partners.
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.
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.
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.
Typically between 3 - 6 years of relevant experience and an undergraduate degree in finance, economics or accounting or an equivalent combination of education and experience.
3+ years of Commercial/Corporate banking experience, as well as completion of prior formal credit training preferred.
General knowledge of corporate banking products and processes.
Strong verbal & written communication skills.
Expertise in Microsoft Office applications including Excel and PowerPoint
Strong collaboration & team skills.
Ability to work in a dynamic environment and adhere to multiple, and at times aggressive, deadlines
Strong attention to detail.
Strong analytical and problem solving skills.
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 Financial Group Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, 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.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.