BMO Financial Group Jobs

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

The Power Utilities & Infrastructure (PU&I) team at BMO Capital Markets is a sector lending group within Investment & Corporate Banking. PU&I’s mandate is to support the broader Investment & Corporate Banking platform by providing expertise through sector and product coverage, and leveraged transactions. PU&I is supported by a portfolio management team and is seeking an entry level VP to support the platform.

Job Description: VP will support the team lead and be responsible for various portfolio management activities of the PU&I vertical. The position requires an individual who thrives in a fast-paced, collaborative environment and has a proven track record of coordinating internal and external teams to meet both transaction and internal deadlines. The individual will be responsible various aspects of the ongoing portfolio management of the PU&I loan portfolio. The ability to work independently as well as lead the portfolio management team with minimal guidance under time constraints will be a key differentiator of success.

Key Sector Skills:

• Fundamental understanding of relevant aspects of financial modelling for the sector, including preparing and explaining credit scenarios and sensitivities, key metrics, and summary outputs

• Experience with the sector vertical including sponsor backed financings. These include but are not limited to:

• Credit analysis

• Risk and return analysis

• Loan structuring and negotiation

• Due diligence

• Credit documentation support (financing agreements, term sheets, etc.)

• Financial closing coordination

• AML/KYC and client onboarding activities and coordination

• Virtual data room (VDR) management

Portfolio Management:

• Lead annual reviews of loan portfolio, maintain borrower monthly and quarterly compliance reporting, and respond to internal / external audits

• Monitor and support portfolio of power, utilities and infrastructure, including consent / waiver / amendment processes, and other credit events that may impact the borrower

• Considers risk, internal controls and compliance as part of day-to-day accountabilities and adheres to policies and procedures

• Lead preparation of credit documentation (i.e., applications, memoranda, presentations, etc.) for risk committees

• Summarize diligence materials to develop and produce coherent recommendations and identify key risks and mitigants

• Coordinate with credit and operations teams for ongoing maintenance of the loan portfolio

• Maintain borrower credit files in a timely fashion

• Broader work or accountabilities may be assigned as needed

• Contributes to growing / elevating the BMO and BMO Capital Market brand with a commitment to and presence in the community.

Coaching and Mentorship:

• The VP will train a team of junior professionals (Analysts, Associates, Interns)

• Provide oversight to Analysts/ Associates on management of existing assets.

• The VP will act as a coach/ mentor to junior professionals through portfolio management and amendment requests

Qualifications:

• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Undergraduate degree with focal areas of finance, economics, or accounting preferred with high academic achievement.

• MBA, CFA or equivalent experience in financial services, accounting, or legal fields is desirable

• Relevant sector experience in power, utilities and infrastructure

• Experience working in a regulated financial institution setting with a demonstrated strong understanding of organizational lending and portfolio management policies and objectives.

• Displays advanced deal execution and/or project management skills - ability to manage more than one client / major initiative

• Ability to create and deliver professional presentations.

Expected base salary for this role: $190,000.00 USD.

Compensation and Benefits:

The base salary represents BMO Financial Group’s hiring range for this position. Actual salaries will vary and will be based on various factors, such as location, skills, experience, and qualification for the role. Salaries for part-time roles will be pro-rated based on number of hours regularly worked.

Base salary is one component of BMO Financial Group’s total compensation package for employees, which may include performance-based incentives, commissions or discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: www.bmousbenefits.com .

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At BMO 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 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.bmo.com/us/en

BMO 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 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 does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO 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.