Credit Analyst - Business Banking

BMO; Toronto; On-site; CAD 54,000 - 102,000; Full time

Job summary

Join a forward-thinking financial institution that champions innovation and growth. In this dynamic role, you will leverage your expertise in credit analysis and lending processes to assess client portfolios and make informed credit decisions. Collaborating with internal and external stakeholders, you will help drive strategic initiatives while ensuring compliance with regulatory standards. This position offers an opportunity to make a meaningful impact on clients and contribute to a culture that values inclusivity and development. If you're ready to grow your career in a supportive environment, this role is perfect for you.

Qualifications

• 4-6 years of experience in business banking or lending.
• Strong analytical and problem-solving skills are essential.
• Excellent verbal and written communication abilities.

Responsibilities

• Conduct credit analysis to assess financial health and risk.
• Support strategic initiatives and collaborate with stakeholders.
• Make credit decisions and provide timely advice to managers.

Skills

Business Banking Products Knowledge

Lending Processes Expertise

Credit Policies Understanding

Analytical Skills

Communication Skills

Problem-Solving Skills

Collaboration Skills

Data-Driven Decision Making

Education

Post-Secondary Degree

Job description

Performs ongoing comprehensive client credit analysis for an assigned number of client portfolios to assess the business entity’s overall financial health and credit risk using discretionary authority within prescribed limits. Applies lending expertise to a lending product portfolio or part of the lending process (e.g., underwriting, funding, monitoring). Makes credit decisions or provides timely advice to the business banking relationship manager for action in compliance with internal controls and audit, regulatory, and Bank policies and procedures.

1. Exercises judgment to identify, diagnose, and solve problems within given rules.
2. Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
3. Helps determine business priorities and the best sequence for execution of business/group strategy.
4. Conducts independent analysis and assessment to resolve strategic issues.
5. Breaks down strategic problems, analyzes data and information to provide insights and recommendations.
6. Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.
7. Builds change management plans of varying scope and type; leads or participates in change management activities including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment.
8. Defines communication plans to positively influence or change behavior; develops tailored messaging; identifies appropriate channels.
9. Provides input into operational program planning and implementation.
10. Executes work to deliver timely, accurate, and efficient service.
11. May specialize as a funding specialist or credit analyst.
12. As a funding specialist, facilitates the funding process, ensuring legal documentation reflects approvals, terms and conditions are met, and proper execution of documents prior to funding; assesses security or condition shortfalls, credit, and fraud risks.
13. Analyzes lending applications to identify, correct, and make credit decisions or advise on deficiencies in accordance with sound credit principles; recommends remedies to maintain asset and credit quality.
14. Confirms security valuations and completes credit applications for approval in line with bank policies.
15. Develops risk profiles, structures credit proposals, and conducts credit investigations.
16. Responds to inquiries and resolves issues from audits and quality checks, documenting lending decisions.
17. Builds effective relationships with internal and external stakeholders, ensuring alignment.
18. Integrates information from multiple sources to improve process efficiency, analysis, and reporting.
19. Designs and produces reports and dashboards; monitors performance and addresses issues.
20. Follows security and safeguarding procedures, applying due diligence to prevent loss from fraud, theft, or other risks.
21. Adheres to lending processes, policies, legal, regulatory, audit, and ethical standards.
22. Maintains confidentiality of customer and bank information.
23. Identifies risks and takes appropriate actions, including documentation and regulatory compliance.
24. Liaises with clients and departments to discuss issues, procedures, and provide support.
25. Focuses primarily on business/group within BMO, with potential enterprise-wide scope.
26. Works independently on complex tasks, including unique situations.
27. Broader responsibilities may be assigned as needed.

Qualifications:

• Typically 4-6 years of relevant experience with a post-secondary degree or equivalent.
• Advanced understanding of business banking products, lending processes, credit policies, legal and regulatory requirements, and bank policies.
• Strong knowledge of credit qualification, adjudication standards, policies, and procedures.
• Technical proficiency through education or experience.
• Excellent verbal and written communication skills.
• Strong collaboration and team skills.
• Deep analytical and problem-solving skills.
• Effective influence skills.
• Data-driven decision-making ability.

Salary:

$54,500.00 - $101,500.00

Pay Type:

Salaried

The salary range is indicative; actual compensation varies based on location, skills, experience, education, and qualifications. It may include performance incentives, bonuses, benefits, and other perks. For more details, visit Total Rewards.

About Us

At BMO, we are driven by a shared Purpose: Boldly Grow the Good in business and life. We aim to create positive change for our customers, communities, and employees. We foster a culture of innovation, collaboration, and growth, transforming lives and businesses worldwide.

As a member of BMO, you are valued, respected, and heard. We offer tools and resources to help you grow and impact from day one, including training, coaching, and development opportunities. Learn more at our careers page.

BMO is committed to an inclusive, equitable, and accessible workplace. Accommodations are available upon request during the recruitment process.