BMO Financial Group Litigation Team Lead in Irving, Texas
The Litigation Team Leader will support the Default Specialists in identifying, monitoring, and recommending action on potential default loans to prevent charge-offs and mitigate loss, in accordance with bank policies and applicable state/provincial and federal law. The Litigation Team Leader is also directly responsible for collecting, processing and disposition of defaulted and non-performing loans. The timely processing of these accounts is critical to a healthy Bank balance sheet. Areas of Default Servicing include: Bankruptcy, Charge-off, Probate, Foreclosure, Gain/Loss, Insurance, Litigation, and Taxes. The Default Specialist will complete other related duties as assigned.
In-depth knowledge of Legal process for Foreclosure, Bankruptcy or Litigation. Must be able to handle complex situations related to these areas such as counter-suits. Must comply with all Regulatory guidelines in these areas.
Ability to read and comprehend pertinent default-related documents (title reports, litigation and bankruptcy documents, etc.)
Working knowledge of procedures, laws and latest regulations in applicable states, related to bankruptcy, litigation and repossession
Excellent oral and written communication skills
Ability and willingness to work in a team environment
Keen analytical skills, attention to detail and ability to work independently
Strong and decisive problem solver
Ability to work effectively in a fast paced and stressful environment
Ability to multi-task, prioritize workload and meet deadlines
Strong PC skills to perform duties
Ability to communicate and interface with several lines of business to ensure the business needs are met.
Develop rapport and instil confidence with the team in order to develop credibility and earn their trust as a Team Leader.
Provide advice and guidance to assigned business/group on implementation of solutions.
Support the execution of strategic initiatives in collaboration with internal and external stakeholders.
Develop action plans and solutions to maximize recovery and safeguard the Bank’s interests.
Establish expertise with Transportation Finance personnel as a key support contact/resource/coach with proficiency and tools to assist departments in achieving goals.
Review accounts and analyze data and information to determine the probability of litigation; provide insight and recommendations.
Gather and format data into regular and ad-hoc reports, and dashboards.
Escalate complex or unresolved customer situations to manager as required.
Lead/participate in the design, implementation and management of core business/group processes.
Support the development and promotion of a business/group program.
Identify business needs, design/develop tools and training programs; may include delivery of training to audiences.
Follow documented policies and procedures to execute transactions, activities and processes.
Maintain current knowledge of collections strategies, practices, and trends and integrates into team conversations in a professional manner.
Develop and maintain awareness of industry trends and best practices and the regulatory environment as it relates to collections products and services.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Broader work or accountabilities may be assigned as needed.
Typically between 3 - 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Knowledge of federal, state/provincial and local laws pertaining to Commercial Collections and functional area - Good.
Knowledge of BMO products and services - Good.
Knowledge of competitive marketplace and trends in product offerings.
Specialized knowledge from 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.
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.
Note to Recruiters: BMO Harris Bank does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO Harris Bank, directly or indirectly, will be considered BMO Harris Bank property. BMO Harris Bank 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.