Loan Review Officer - Toronto, Canada - BMO Financial Group

BMO Financial Group

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

100 King Street West Toronto Ontario,M5X 1A1

Monitors, analyzes, and reports on the quality of risk-related decisions for a designated lending portfolio.

Examines individual transactions and aggregate level portfolio information to provide insights on the accuracy and consistency of decisions relative to risk strategies, policies, and appetite.

Identifies deficiencies and recommends corrective action plans.

Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
Supports the development and promotion of a business/group program.
Provides input into the planning and implementation of operational programs.
Independently examines credit transactions for adherence to all policies and procedures applicable to the transaction based on established assessment processes.
Documents and reports results of reviews on an individual and summary basis; identifies and recommends action plans for resolving issues.
Identifies where corrective actions are required (e.g. incomplete investigations and analysis, unauthorized advances, possible fraudulent transactions) and escalates per guidelines; ensures corrective action is taken.
Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
Provides advice and guidance to assigned business/group on implementation of solutions.
Builds effective relationships with internal/external stakeholders.
Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information.
Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences.
Focus is primarily on business/group within BMO; may have broader, enterprisewide 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 6 years of relevant experience and postsecondary degree in related field of study or an equivalent combination of education and experience.
Indepth knowledge of credit, portfolio management and risk management practices.
Credit/lending experience.
Technical proficiency gained through education and/or business experience.
Verbal & written communication skills
Indepth.
Collaboration & team skills
Indepth.
Analytical and problem solving skills
Indepth.

Influence skills

Indepth.
Data driven decision making
Indepth.

We're here to help
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact.

We strive to help you make an impact from day one - for yourself and our customers.

We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs.

From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.