Credit Analyst, Commercial Banking (Mid-Market Diversified Industries)

at  BMO Financial Group

Mississauga, ON, Canada -

Start DateExpiry DateSalaryPosted OnExperienceSkillsTelecommuteSponsor Visa
Immediate25 Dec, 2024USD 54500 Annual30 Sep, 20244 year(s) or aboveGood communication skillsNoNo
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Description:

6605 Hurontario Street Mississauga Ontario,L5T 0A4

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.
  • Exercises individually held Commercial unilateral discretionary limits and any held prescribed approval discretionary limits.
  • 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.
  • Understands borrower types typical in the high net worth market and their relation to collateral ownership, loan repayment, loan structure, etc.
  • Grants loan requests within specified limits, using understanding of credit scoring and risk management concepts.
  • 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.QUALIFICATIONS:
  • Typically between 4 - 6 years of relevant experience and post-secondary 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.

Responsibilities:

  • 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.
  • Exercises individually held Commercial unilateral discretionary limits and any held prescribed approval discretionary limits.
  • 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.
  • Understands borrower types typical in the high net worth market and their relation to collateral ownership, loan repayment, loan structure, etc.
  • Grants loan requests within specified limits, using understanding of credit scoring and risk management concepts.
  • 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.QUALIFICATIONS:
  • Typically between 4 - 6 years of relevant experience and post-secondary 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


REQUIREMENT SUMMARY

Min:4.0Max:6.0 year(s)

Financial Services

Banking / Insurance

Finance

Graduate

Proficient

1

Mississauga, ON, Canada