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 that align with sound credit-granting principles and comply with the bank's policies and procedures. In addition to making credit decisions, the role includes 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 to foster relationships and understand client needs better. The individual will be expected to recommend credit based on sound principles and exercise discretionary limits for commercial unilateral decisions. The role supports the execution of strategic initiatives in collaboration with both internal and external stakeholders. Evaluating clients' ability to repay loans is a key responsibility, along with consulting on loan structure and collateral. The individual will need to identify trends in client activities that may indicate deteriorating credit quality and perform periodic reviews of credit where more frequent monitoring is warranted. Understanding borrower types typical in the high net worth market and their relation to collateral ownership, loan repayment, and loan structure is essential. The position also involves granting loan requests within specified limits, utilizing knowledge of credit scoring and risk management concepts. Monitoring covenants of clients within the assigned portfolio is necessary to identify any deteriorating credit conditions and ensure compliance with loan agreements. The individual will provide accurate financial analysis and risk assessments for new and existing customers, partnering with internal stakeholders to gather detailed client information. The role requires developing credit information to make informed lending decisions on new, renewal, and extension loans, as well as assisting in negotiations of terms and conditions through phone and email interactions with clients. Preparing summaries, presenting facts, and offering opinions regarding creditworthiness are also part of the responsibilities. The individual must minimize the bank's risk exposure by adhering to internal credit policies and procedures while providing input into the planning and implementation of operational programs. Building effective relationships with internal and external stakeholders is crucial, and the focus is primarily on the business/group within BMO, although there may be a broader, enterprise-wide focus. The individual will exercise judgment to identify, diagnose, and solve problems within established rules and will work independently on a range of complex tasks, which may include unique situations. Broader work or accountabilities may be assigned as needed.