Base Salary Range: $65K - 85K USD
Mandate
The purpose of this role is to support the I&CB Corporate Banking lending line of business' ability to execute the 1st line of defense accountability for portfolio and risk management activities, and for the efficient functioning of the LOB. As an integral part of the team, the Business Analyst, Corporate Banking assists the Corporate Bankers by taking responsibility for the operation of certain key business processes, and by responding effectively to customer and banker requests. Responsibilities include operational functions such as client onboarding and portfolio maintenance activities. Responsibilities may include support for certain cash management-related activities. The allocation and @type of functions depends on the needs of the individual group. The individual will be supporting the Global Natural Resources team (Energy, Energy Transition, and Power, Utilities & Infrastructure), and will be supporting bankers located in Toronto, New York, Calgary and Houston.
Qualifications & Skills
Qualifications
Bachelor's degree in business/business administration or other equivalent post-secondary diploma with 1- 2 years related work experience
Understanding of accounting principles and various @types of financial statements
Skills
Demonstrates:
Strong attention to detail, and a high degree of accuracy
Ability to handle multiple priorities in a deadline environment
A collaborative, team and relationship orientation with Corporate Bankers, and with colleagues on other teams
An organized and systematic approach to work
Analytical and problem solving skills
Ability to work independently and take ownership of personal performance and development
Ability to utilize multiple PC software applications
A high level of professionalism
Key Accountabilities
Portfolio Activity and Maintenance
Monitor and track quarterly and monthly covenant and trigger processes for on time completion. Manage portfolio data across deal sites and engage with teams to coordinate timely covenant and trigger monitoring. Print status report mid-month and communicate with Bankers in advance of 30 day grace period.
Manage legal documentation and compliance exceptions with Banker and client
Monitoring and disseminating external rating agency reports for borrowers across the portfolio
Maintain external ratings (S&P, Moody's, DBRS, Fitch) and EDF databases used for monthly trigger monitoring
Complete other portfolio monitoring (e.g. track rating alert due dates, etc.) as required by or unique to individual Corporate Banking teams
Special projects as needed (i.e. team training, remediation and other one off requests)
Risk Management & Control
Within the mandate of this role, promote, adhere and support the Bank's risk culture; lead by example.
Within the mandate of this role, maintain internal controls to support management decision-making that protects our assets and adheres to applicable corporate policies, operating directives, laws and regulations (including risk, compliance, and AML).
AML/UEN/Client Onboarding Requests
Initiate UEN requests for new deal set-up. Interface with the Client Onboarding (COB) group
Initial review of AML checklists, track changes and coordinate completion of annual reviews. BA will review AML analyst changes and ensure checklist is correct before sending to banker for approval.
Authorities
Provides advice and guidance to the bankers on standard operating procedures and adherence to corporate guidelines
Requests information and action from operational support groups
Scope & Impact
Provides support for the substantial Corporate Banking I&CB & Trading Products portfolios including multiple priority relationships and major cash management clients
Maintains individual and process efficiency, productivity and quality
Performs all responsibilities according to established service levels and procedures/guidelines
Ensures client satisfaction through a high level of customer service and professionalism, adhering to policies and procedures
Salary:
$49,500.00 - $91,300.00
Pay Type:
Salaried
The above represents BMO Financial Group's pay range and @type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.
BMO Financial Group's total compensation package will vary based on the pay @type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
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.
To find out more visit us at https://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereo@types, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
