BMO - Newport Beach, CA
posted 4 months ago
The position involves facilitating decision-making and analysis of various types of credit information to support lending decisions and processes for the bank. The role is crucial in maintaining and promoting a client service environment that not only meets but exceeds customer needs and expectations. The individual in this role will be responsible for making credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures. This includes identifying new sales opportunities for both prospects and existing commercial clients through thorough analysis. The position may also require participation in on-site client visits alongside other internal stakeholders, ensuring that the customer service environment is consistently upheld. The individual will recommend credit based on sound credit-granting principles and will exercise their own Commercial unilateral discretionary limits as well as any prescribed approval discretionary limits. The role supports the execution of strategic initiatives in collaboration with both internal and external stakeholders, evaluating clients' ability to repay loans and consulting on loan structure and collateral. Additionally, the position involves identifying trends in client activities that may indicate deteriorating credit quality, performing periodic reviews of credit, and understanding borrower types typical in the high net worth market. The individual will grant loan requests within specified limits, utilizing their understanding of credit scoring and risk management concepts, while also monitoring covenants of clients within their assigned portfolio. The role requires providing accurate financial analysis and risk assessment of new and existing customers, partnering with internal stakeholders for detailed client information, and developing credit information to make informed lending decisions. The individual will assist in negotiating terms and conditions of all decisions made through phone and email interactions with clients, preparing summaries, presenting facts, and offering opinions concerning credit worthiness. Minimizing the bank's risk exposure is a key responsibility, achieved by adhering to internal credit policies and procedures regarding lending decisions. The role also involves providing input into the planning and implementation of operational programs and building effective relationships with both internal and external stakeholders. The focus is primarily on the business/group within BMO, although there may be a broader, enterprise-wide focus as well. The individual will exercise judgment to identify, diagnose, and solve problems within established rules, working independently on a range of complex tasks, which may include unique situations. Broader work or accountabilities may be assigned as needed.