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Job Details


BMO Harris Bank

Loan Reviewer (R220000121_Chicago)

Business and Financial Operations

All

Yearly

Full Time

No

Chicago, Illinois, United States

Address:

790 N Water Street

Job Family Group:

Audit, Risk & Compliance

Conducts independent examinations of credits and portfolios to ensure risk rating accuracy and asset quality of the credit portfolio. As a critical component of Audit at BMO, this work provides vital assurance to the Board of Directors and senior management as to the quality of the internal control system and in so doing helps reduce the risk of loss and reputational damage to the Company. Audit is instrumental in identifying unacceptable/high risk circumstances that could lead to material impact on profitability or reputation. It provides independent assurance on the quality and effectiveness of internal control, risk management, and governance systems and processes to support senior management and the Board in protecting BMO and its reputation.
  • Reviews and rates credit risks with primary objectives to assure timeliness and accuracy of credit risk ratings of the portfolio.
  • Participates in ongoing portfolio reviews, target examinations, portfolio deep dives, and special reviews of specific credits in accordance with Loan Review Mandate and Procedures.
  • Assesses ratings and evaluation of the adherence to policies and procedures, as well as the effectiveness and accuracy of credit analysis, collateral evaluation, monitoring, underwriting quality, and identification and management of problem credits.
  • Assigns grades for the quality and risk profile of the portfolios reviewed and the compliance of the related unit(s) with bank policies and procedures.
  • Recommends action plans for resolving material issues noted in reviews.
  • Provides training and support to internal stakeholders on risk rating accuracy and best practices in credit risk.
  • Builds relationships with lending areas and across risk management.
  • Assures consistent practices and applications of Loan Review Mandate and Procedures.
  • Completes investigations, assigned tasks, reports, and contribute to overall review assessments and grades timely, accurately and with appropriate diligence.
  • Represents Loan Review as requested in various cross enterprise working groups in order to provide credit risk oversight and perspectives.
  • Works collaboratively with internal stakeholders to maximize risk return and improve the customer experience through the lending process.
  • Participates in due diligence for portfolio or bank acquisitions via credit risk evaluations.
  • Contributes to the development and implementation of loan policies and procedures, on an as-needed basis.
  • Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
  • Provides specialized consulting, analytical and technical support.
  • Exercises judgment to identify, diagnose, and solve problems within given rules.
  • Works independently and regularly handles non-routine situations.
  • Broader work or accountabilities may be assigned as needed.Qualifications:
  • Typically between 10+ years of relevant experience and/or certification in related field of study or an equivalent combination of education and experience.
  • Professional designations or business designation: CPA, MBA, CFA.
  • Credit qualification required according to the standards established within the Credit Qualification Process Policies and Procedures.
  • Superior knowledge of all phases of effective credit administrations, policies and procedures, commercial lending and/or real estate lending processes, and analytical practices.
  • Essential to have ability to identify early warning signals and required practices for management of problem accounts. Experience with loan workouts preferred.
  • Extensive knowledge of and experience with Corporate Policies/Standards, Commercial Lending Process and Directives, the enterprise’s credit culture and procedures, and general banking practices and regulations.
  • Superior credit analytics and risk evaluation skills.
  • Strong finance and accounting practice skills.
  • Deep knowledge and technical proficiency gained through extensive education and business experience.
  • Verbal & written communication skills - In-depth.
  • Collaboration & team skills - In-depth.
  • Analytical and problem solving skills - In-depth.
  • Influence skills - In-depth.
  • Data driven decision making - In-depth.

We’re here to help

At BMO Harris Bank 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 Harris Bank 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.

To find out more visit us at [Register to View] .

BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.