Senior Private Bank Associate, Credit

🔥 19 hours ago

🌽 Illinois – Remote

🌽 Illinois – Remote

💵 $50k - $100k / year

⏰ Full Time

🟠 Senior

👻 Ghost score 0%

What it means: how likely this posting is sitting open without active hiring.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.How we score it: age, reposts, open roles vs team size, how fast jobs close, and whether pay is listed.Fine print: an estimate from public data, not a judgment of the company. Real jobs can score high, so treat it as a hint, not a fact.

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BMO U.S.

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

🛡️ Insurance

💼 Consulting

📦 Logistics

Insurance • Consulting • Logistics

BMO U. S. is a diversified financial services company operating in the United States. It offers a broad range of financial products and services including personal and business banking, mortgage services, investments, financial planning, insurance, and wealth management. Additionally, it provides commercial loans, commercial mortgages, and other financial solutions tailored for small businesses and large enterprises. The company places a strong emphasis on customer service and offers digital and cross-border banking solutions to meet the needs of diverse clients. BMO U. S. is also involved in asset management and capital markets operations, making it a full-service financial institution.

📋 Description

• Provide customer service and portfolio management for lending services • Support banking, lending, and relationship-management specialists • Conduct proactive credit analysis, structuring, decisions, and portfolio monitoring • Prepare business proposals, client presentations, meeting materials, account-opening documentation, and client communications • Resolve client questions and concerns and support client sales and service activities • Recommend workflow improvements to enhance efficiency and service levels • Analyze risk, financial, and profitability ratings and assessments • Analyze data to provide insights and recommendations • Monitor performance and address issues • Design and produce regular and ad-hoc reports and dashboards • Implement and monitor procedural and policy changes • Manage operational audits and controls • Administer credit, non-credit, lending, and related accounts • Set up and maintain accounts, collateralization, and documentation • Facilitate funding or underwrite loan applications and make recommendations • Verify and process loan drawdowns • Monitor overdrafts, covenant tests, collateral, renewals, registrations, expiries, and lending documentation • Identify and escalate irregularities and discrepancies • Collect applicable fees • Participate in audits and compliance reviews • Adhere to conduct, ethical, security, fraud-prevention, anti-money-laundering, regulatory, and risk-management requirements • Collaborate with internal and external stakeholders to deliver business objectives

🎯 Requirements

• Typically 4–6 years of relevant experience • Post-secondary degree in a related field of study or equivalent combination of education and experience • Credit Qualification in accordance with established credit qualification processes, policies, and procedures • Commercial Loan and Underwriting experience in a financial services environment • In-depth knowledge of personal and commercial credit and non-credit products, monitoring/operational processes, and applications • In-depth understanding of loan and security documentation, including registration and renewal routine • Technical proficiency gained through education and/or business experience • In-depth verbal and written communication skills • In-depth collaboration and team skills • In-depth analytical and problem-solving skills • In-depth influence skills • In-depth data-driven decision-making skills • Federal registration with the Nationwide Mortgage Licensing System and Registry required for U.S. consumer loan originators • Criminal background review and credit history evaluation required • Restrictions on performing in a real estate agent capacity

🏖️ Benefits

• Performance-based incentives • Discretionary bonuses • Health insurance • Tuition reimbursement • Accident and life insurance • Retirement savings plans • In-depth training and coaching • Manager support • Network-building opportunities • Tools and resources to reach new milestones • Reasonable accommodations for individuals with disabilities