BMO Financial Group Credit Analyst in Toronto, Ontario
100 King Street West
Job Family Group:
Commercial Sales & Service
The Credit Analyst role will support the Cannabis Lending Team within the Canadian Commercial Banking segment of the Bank. The successful candidate will facilitate decisioning and analysis of all types of credit information to support lending decisions and processes for the Bank. Specific responsibilities and expectations are as follows:
Assist the team with researching changing trends in the cannabis industry
Make credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures.
Identify new sales opportunities for prospects and existing commercial clients through analysis.
Participate in on-site client visits with other internal stakeholders.
Maintain and promote a customer service environment which meets and exceeds customer needs and expectations.
Recommend credit according to sound credit-granting principles.
Exercise individually held Commercial unilateral discretionary limits and any held prescribed approval discretionary limits.
Support the execution of strategic initiatives in collaboration with internal and external stakeholders.
Evaluate clients’ ability to repay loans and consults on loan structure and collateral.
Identify trends in client activities which may be predictive of deteriorating credit quality.
Perform periodic reviews of credit where more frequent monitoring may be appropriate.
Understand borrower types typical in the high net worth market and their relation to collateral ownership, loan repayment, loan structure, etc.
Grant loan requests within specified limits, using understanding of credit scoring and risk management concepts.
Monitor covenants of clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreement.
Provide accurate financial analysis and risk assessment of new and existing customers.
Partner with internal stakeholders for accurate, detailed client information.
Develop credit information to make lending decisions on new, renewal and extension loans.
Assist in negotiations of terms and conditions of all decisions made via phone and e-mail interaction with clients.
Prepare summary, present facts and offer opinions concerning credit worthiness.
Minimize BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions.
Provide input into the planning and implementation of operational programs.
Build effective relationships with internal/external stakeholders.
Exercise judgment to identify, diagnose, and solve problems within given rules.
Work independently on a range of complex tasks, which may include unique situations.
Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
Broader work or accountabilities may be assigned as needed.
Typically between 4 - 6 years of relevant experience and university degree in related field of study or an equivalent combination of education and experience.
Technical proficiency gained through 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.
Data driven decision making - In-depth.
Financial modelling skills
We’re here to help
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/ca/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. 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 GroupServing 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.