About the Role
BMO Sponsor Finance Asset Management is seeking a experienced, dynamic and strategic operations professional to join our growing Private Credit platform. This role is essential to ensure operational execution and risk management across a diverse portfolio of private credit investments. You will work closely with BMO Agency Operations, senior leadership, investment professionals, and external partners to optimize processes, enhance controls, and deliver best-in-class operational support.
Private Credit Expertise
Strong understanding of private credit markets, including direct lending, CLOs, SMA's, and credit funds
Familiarity with credit documentation, covenant structures, and borrower reporting
Back-end operational experience in workout / restructuring credits
Operational Experience
Oversee end-to-end operational workflows for private credit transactions, including loan settlements, cash management, and compliance monitoring.
Coordinate with third-party administrators to onboard new SMA, private fund, and CLO accounts, ensuring accurate setup of accounts, loan positions, cash movements and reporting structures.
Ensure accurate and timely portfolio data for performance reporting and investor communications.
Review and validate key performance metrics such as IRR and MOIC.
Maintain internal portfolio systems with up-to-date trade, borrower and valuation information.
Process Optimization
Identify inefficiencies and implement scalable solutions to improve accuracy, speed, and transparency across operational functions.
Trade Settlement
Hands-on experience with ClearPar platform for trade affirmation and settlement.
Ability to manage trade lifecycle from execution through settlement, ensuring accuracy and timeliness.
Drafting and execution of investor funding memorandum
Third-Party Administrator and Custodian Interaction
Experience liaising with fund administrators for trade settlement, reconciliations, and investor reporting.
Ownership of position-level and cash-level reconciliations across internal systems, agent banks, custodians, and third-party administrators. This includes resolving discrepancies related to principal balances, PIK, fees, paydowns, amendments, restructurings, etc.
Lead reconciliation processes following credit events, including amendments, restructurings, exchanges, and non-accrual designations.
Supplier Management and Onboarding
Experience managing relationships with third-party suppliers, including onboarding and ongoing due diligence.
Ability to coordinate internal assessments of vendors for compliance, operational risk, and performance.
Manage invoice processing, including reviewing, approving, and ensuring timely payment of supplier invoices.
Address and resolve supplier questions or concerns related to invoices and payment status.
Qualifications
Experience: 5+ years in operations within private credit, private equity, or alternative investments. Back-end operational experience in workout / restructuring situations will be viewed as a positive.
Technical Skills: Excellent understanding of loan documentation, settlement processes, and fund structures.
Team Orientation: Proven ability to work within a small team, manage complex projects, and influence cross-functional stakeholders.
Analytical Mindset: Exceptional problem-solving skills with a focus on continuous improvement.
Communication: Clear and persuasive communicator with the ability to translate operational insights into strategic recommendations.
Salary:
$54,000.00 - $99,600.00
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.
