Credit Analyst

BMO; Saint John; On-site; CAD 51,000 - 97,000; Full time

Job summary

An established industry player seeks a skilled credit analyst to facilitate decision-making and analysis of credit information. This role involves evaluating client creditworthiness, making lending decisions, and ensuring compliance with internal policies. The ideal candidate will have a strong background in credit analysis, excellent communication skills, and the ability to work independently on complex tasks. Join a dynamic team where your contributions will directly impact client satisfaction and business success. This position offers a competitive salary and a comprehensive benefits package, making it an exciting opportunity for professionals looking to advance their careers in finance.

Benefits

Health Insurance

Tuition Reimbursement

Accident and Life Insurance

Retirement Savings Plans

Performance-Based Incentives

Discretionary Bonuses

Qualifications

• 4-6 years of relevant experience in credit analysis.
• Technical proficiency through education or business experience.

Responsibilities

• Facilitates credit decisioning and analysis for lending processes.
• Evaluates clients’ ability to repay loans and consults on loan structure.

Skills

Verbal Communication

Written Communication

Collaboration

Analytical Skills

Problem-Solving

Influence Skills

Data-Driven Decision Making

Education

Post-Secondary Degree in Related Field

Job description

Facilitates decisioning and analysis of all types of credit information to support lending decisions and processes for the bank. Maintains and promotes a client service environment to satisfy and exceed customer needs and expectations. This role will make credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures.

1. Identifies new sales opportunities for prospects and existing commercial clients through analysis.
2. May participate in on-site client visits with other internal stakeholders.
3. Maintains and promotes a customer service environment that meets and exceeds customer needs and expectations.
4. Recommends credit according to sound credit-granting principles.
5. Exercises individually held Commercial unilateral discretionary limits and any held prescribed approval discretionary limits.
6. Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
7. Evaluates clients’ ability to repay loans and consults on loan structure and collateral.
8. Identifies trends in client activities that may indicate deteriorating credit quality.
9. Performs periodic reviews of credit where more frequent monitoring may be appropriate.
10. Understands borrower types typical in the high net worth market and their relation to collateral ownership, loan repayment, loan structure, etc.
11. Grants loan requests within specified limits, using understanding of credit scoring and risk management concepts.
12. Monitors covenants of clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreements.
13. Provides accurate financial analysis and risk assessment of new and existing customers.
14. Partners with internal stakeholders for accurate, detailed client information.
15. Develops credit information to make lending decisions on new, renewal, and extension loans.
16. Assists in negotiations of terms and conditions of all decisions made via phone and e-mail interaction with clients.
17. Prepares summaries, presents facts, and offers opinions concerning creditworthiness.
18. Minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions.
19. Provides input into the planning and implementation of operational programs.
20. Builds effective relationships with internal/external stakeholders.
21. Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
22. Exercises judgment to identify, diagnose, and solve problems within given rules.
23. Works independently on a range of complex tasks, which may include unique situations.
24. Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically between 4 - 6 years of relevant experience and a post-secondary degree in a related field or an equivalent combination of education and experience.
• Technical proficiency gained through education and/or business experience.
• In-depth verbal & written communication skills.
• In-depth collaboration & team skills.
• In-depth analytical and problem-solving skills.
• In-depth influence skills.
• Data-driven decision making - In-depth.

Salary: $51,800.00 - $96,500.00

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 the 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