Strategic Small Business Banking Relationship Manager

BMO U.S.; Chicago (IL); On-site; USD 60,000 - 107,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Life insurance

Retirement savings plans

Job summary

BMO Financial Group seeks a seasoned Relationship Manager for small business banking in Chicago to cultivate a portfolio, drive new business, and deepen client relationships. You will apply consultative sales techniques and coordinate with colleagues to deliver tailored financial solutions.

You will build networks, deliver exceptional service, manage risks, and implement plans to retain customers while expanding wallet share.

Qualifications

• Typically 4-6 years of relevant experience with a post-secondary degree.
• Strong financial analysis skills to interpret financial statements, assess creditworthiness, and provide actionable insights.
• Strong knowledge of business banking products, lending processes, and related policies and technologies.
• Strong experience with customer sales and service.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Data driven decision making - In-depth.

Responsibilities

• Proactively develops and executes sales strategies to attract new business.
• Develops internal and external networks and referral sources to ensure ongoing growth of BMO's business.
• Generates appointments and opportunities to grow business results through targeted sales efforts.
• Develops, maintains, and executes a business plan, including relationship management strategies, to achieve customer retention objectives.
• Identifies prospective customers and cross-sells additional products and services to meet their needs.
• Develops client rapport and instils confidence to develop credibility and earn their trust as relationship manager.
• Understands the local market and proactively develops relationships with centres of influence.
• Delivers exceptional customer service and builds trust by providing expertise, responsive service, and support.
• Develops and maintains long-term profitable relationships and expands wallet share within the assigned portfolio.
• Answers inquiries and provides accurate information about business banking products and services.
• Understands customer needs and offers financial solutions that meet customer goals.
• Resolves or escalates issues.
• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance to assigned business/group on implementation of solutions.
• Develops, maintains, and executes a business plan, including relationship management strategies, to achieve customer retention objectives.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Monitors and tracks performance, and addresses any issues.
• Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.
• Provides input into the planning and implementation of operational programs.
• Executes work to deliver timely, accurate, and efficient service.
• Supports the development and promotion of a business/group program.
• Follows security and safeguarding procedures and applies due diligence in accordance with Bank’s policies and ethical standards for the prevention of loss due to fraud, robbery, counterfeiting, money laundering, or defalcation.
• Maintains the confidentiality of customer and Bank information in compliance with Bank policies and procedures.
• Identifies risks and takes appropriate actions, including all documentation and other regulatory requirements to maintain operational integrity.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Exercises 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.

Skills

Financial analysis

Sales and business development

Customer service

Verbal & written communication

Collaboration & teamwork

Analytical and problem solving

Data-driven decision making

Industry knowledge of business banking

Education

Bachelor's degree or equivalent

Job description

BMO Financial Group seeks a seasoned Relationship Manager for small business banking in Chicago to cultivate a portfolio, drive new business, and deepen client relationships. You will apply consultative sales techniques and coordinate with colleagues to deliver tailored financial solutions.

You will build networks, deliver exceptional service, manage risks, and implement plans to retain customers while expanding wallet share.