Lending Specialist Level 1 - Montréal, Canada - BMO Financial Group

BMO Financial Group

Verified Company

Montréal, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

1250 boul Rene Levesque Ouest Montreal Quebec,H3B 4W8

Provides a superior level of customer service and portfolio management in lending services for all existing and potential clients and in support of a team of specialists and relationship managers.

Provides technical expertise for proactive credit analysis, structuring, decisions, and portfolio monitoring. Applies lending expertise to a lending and deposit portfolio of accounts or part of the lending process (e.g. underwriting, funding, monitoring).

Identifies crossselling opportunities to increase client penetration for banking products.
Prepares new business proposals or presentations to clients/prospects.
Participates in activities for client meetings and lending account opening documentation.
Assists with the development of client communications as required.
Identifies and recommends workflow process alternatives that can lead to improved efficiency and service levels.
Ensures timely resolution of all client questions and concerns, both internal and external.
Performs client sales & service support activities as required to meet client needs and maintain overall service standards.
Determines client needs and ensures timely and accurate completion of transaction processing.
Provides after sales support and handles exceptions tactfully, accurately and efficiently in accordance with Bank policy.
Maintains detailed knowledge and understanding of the integrated private banking services and offerings and lending procedures.
Collaborates with internal and external stakeholders in order to deliver on business objectives.
Monitors and tracks performance, and addresses any issues.
Designs and produces regular and adhoc reports, and dashboards.
Analyzes data and information to provide insights and recommendations.
Executes setup, maintenance, and advancement of lending products and related account administration as per guidelines.
Verifies and processes loan drawdowns, ensuring they are within the terms of the credit authorization and completion of required security documentation.
Reviews and actions overdrafts and other monitoring reports in a timely manner.
Sets up and completes margin / covenant tests within established timeframes.
Maintains control of security collateral including preparation and registration.
Identifies, diarizes, and monitors accounts for security renewals, registrations, and other expiry dates to meet compliance requirements.
Monitors and controls the integrity of lending documentation.
Collects fees applicable to credit terms and conditions or account agreement.
Provides timely, accurate service and support to bankers and specialists by completing a wide variety of credit, noncredit, and related activities.
Identifies, records and advises banker / relationship manager of any credit &/or risk management issues
Identifies opportunities to increase profitability, create capacity and reduce expenses.
Ensure timely and accurate setup, maintenance and advance of lending products.
May focus on either after sales service, or compliance (risk management) and fulfillment services, or both.
Mitigates identified risks and makes credit recommendations/decisions in accordance with sound creditgranting principles and compliance with the Bank's philosophy and principles outlined in corporate risk policy and supporting policies and procedures.
Identifies and escalates irregularities and discrepancies to management as per guidelines.
Participates in assigned audits and compliance reviews.
Ensures proper adherence to the code of conduct and ethical guidelines.
Follows security and safeguarding procedures and applies appropriate due diligence for the prevention of loss due to fraud, counterfeiting money laundering or defalcation in accordance with Bank policy.
Protects the Bank's assets by adhering to all banking, investment and lending regulations, policies, and procedures, legal and ethical requirements, process requirements, bank guidelines, and established risk guidelines.
Focus may be on a business/group.
Thinks creatively and proposes new solutions.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works mostly independently.
Broader work or accountabilities may be assigned as needed.

Qualifications:

Typically between 5 years of relevant experience and postsecondary degree in related field of study or an equivalent combination of education and experience.
Requires Credit Qualification in accordance with the established credit qualification processes, policies, and procedures.
Indepth knowledge of personal (primarily) and commercial credit and noncredit products and services.
Indepth knowledge of lending processes and supporting policies.
Indepth knowledge of loan documentation.
Specialized knowledge from education and/or business experience.
Verbal & written communication skills
Indepth.
Collaboration