BMO - Salt Lake City, UT
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 the bank's policies and procedures. A key aspect of this role is identifying new sales opportunities for both prospects and existing commercial clients through thorough analysis. The position may also involve participating in on-site client visits alongside other internal stakeholders, further enhancing the customer service environment. The individual will be expected to recommend credit based on sound credit-granting principles and exercise discretionary limits as prescribed. 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 are essential functions. The individual will also identify trends in client activities that may indicate deteriorating credit quality and perform periodic reviews of credit where more frequent monitoring may be necessary. Understanding borrower types typical in the high net worth market and their relation to collateral ownership, loan repayment, and loan structure is critical. The position requires granting loan requests within specified limits, utilizing knowledge of credit scoring and risk management concepts. Monitoring covenants of clients within the assigned portfolio to identify deteriorating credit conditions and compliance with loan agreements is also a significant responsibility. The individual will provide accurate financial analysis and risk assessment of new and existing customers, partnering with internal stakeholders to ensure detailed client information is available. Additionally, the role involves developing credit information to make lending decisions on new, renewal, and extension loans, assisting in negotiations of terms and conditions through phone and email interactions with clients, and preparing summaries to present facts and opinions concerning creditworthiness. Minimizing the bank's risk exposure by adhering to internal credit policies and procedures is paramount. The individual will also provide input into the planning and implementation of operational programs and build effective relationships with both internal and external stakeholders. The focus is primarily on the business/group within BMO, but may also have a broader, enterprise-wide focus. The role requires exercising judgment to identify, diagnose, and solve problems within established rules, and working independently on a range of complex tasks, which may include unique situations. Broader work or accountabilities may be assigned as needed.