Special Accounts Team –Distressed Valuation Analysis

BMO U.S.; Milwaukee (WI); Hybrid; USD 55,000 - 120,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Retirement savings

Job summary

BMO Financial Group is seeking a position responsible for independently examining appraisals and evaluations for adherence to policies and procedures. The role assesses credibility of appraisals related to substandard and impaired borrowers and reports results with recommended actions.

The role includes identifying corrective actions, escalating where needed, and, when appropriate, preparing independent valuations. This is a hybrid role with multiple days per week in office.

Qualifications

• Typically 2–6 years of relevant experience and post-secondary degree in related field or equivalent.
• Credit qualifications and credit knowledge per established standards.
• In-depth knowledge of banking products and services.
• Familiarity with industry trends and regulations.
• Knowledge of credit portfolio management policies and financing guidelines.
• Strong verbal and written communication skills, with collaboration and analytical abilities.

Responsibilities

• Independently examines appraisals and evaluations for adherence to policies and standards.
• Assesses credibility and reasonableness of appraisal conclusions for substandard/impaired borrowers.
• Documents and reports review results; recommends action plans to resolve issues.
• Identifies required corrective actions and escalates per guidelines; may prepare independent valuations.

Skills

Credit knowledge

Banking products

Regulations

Analytical skills

Communication skills

Team collaboration

Data-driven decisions

Problem solving

Influence

Education

Bachelor's degree

Job description

• Independently examines appraisals and evaluations prepared by vendors or BMO appraisers for adherence to all policies / procedures and standards applicable to the transaction based on established assessment processes.
• Assesses the credibility and/or reliability of appraisals performed for the Bank, as well as the reasonableness of the appraisal value conclusions specifically as it relates to substandard and impaired borrowers.
• Documents and reports results of reviews on an individual and summary basis; identifies and recommends action plans for resolving issues.
• Identifies where corrective actions are required (e.g. incomplete investigations and analysis, possible fraudulent transactions) and escalates per guidelines; ensures corrective action is taken as necessary. Where appropriate, supplement with preparation of independently prepared valuation of substandard and impaired borrowers
• Hybrid role with multiple days per week required (subject to change).

• Independently examines appraisals and evaluations prepared by vendors or BMO appraisers for adherence to all policies / procedures and standards applicable to the transaction based on established assessment processes.
• Assesses the credibility and/or reliability of appraisals performed for the Bank, as well as the reasonableness of the appraisal value conclusions specifically as it relates to substandard and impaired borrowers.
• Documents and reports results of reviews on an individual and summary basis; identifies and recommends action plans for resolving issues.
• Identifies where corrective actions are required (e.g. incomplete investigations and analysis, possible fraudulent transactions) and escalates per guidelines; ensures corrective action is taken as necessary. Where appropriate, supplement with preparation of independently prepared valuation of substandard and impaired borrowers
• Hybrid role with multiple days per week required (subject to change).

Delivers an exceptional experience for a defined portfolio of high risk borrowing accounts by applying expertise and knowledge. Makes decisions/recommendations in accordance with sound principles and in compliance with Bank Policy & Procedures.

• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance to assigned business/group .
• Performs financial and risk analysis of customer and account information to provide insights and recommendations
• Documents decisions with rationale that can be understood and explained.
• Keeps abreast of economic and market developments to inform decision making.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Builds effective relationships with internal/external stakeholders.
• Gathers and formats data into regular and ad-hoc reports, and dashboards.
• Provides input into the planning and implementation of operational programs.
• Executes work to deliver timely, accurate, and efficient service.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Exer cises judgment to identify, diagnose, and solve problems within given rules.
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.
• Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.

Qualifications

• Typically between 2 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Credit Qualifications and associated credit knowledge and skills according to the established qualification standards.
• In-depth knowledge of banking products & services.
• In-depth knowledge of industry trends and regulations.
• In-depth knowledge of credit portfolio management policies & procedures, and financing guidelines.
• Technical proficiency gained through education and/or business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

Salary

$55,000.00 - $120,000.00

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

Pay Type

Salaried

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 stereotypes, 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 [e-mail] and let us know the nature of your request and your contact information.