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Senior Lending Specialist

1 month ago


Montreal, Quebec, Canada Bank of Montreal Full time
Job Summary

We are seeking a highly skilled and experienced Senior Lending Specialist to join our team at the Bank of Montreal. As a key member of our Private Banking team, you will be responsible for providing exceptional customer service and portfolio management to our clients.

Key Responsibilities:

  • Assist in preparing for client meetings and account opening documentation.
  • Identify and recommend workflow process alternatives to improve efficiency and service levels.
  • Perform client sales and service support activities as required to meet client needs and maintain overall service standards.
  • Provide after-sales support and handle exceptions tactfully, accurately, and efficiently in accordance with Bank policy.
  • Take ownership of client inquiries, concerns, and complaints, ensuring timely resolution and referring as appropriate.
  • Maintain detailed knowledge and understanding of integrated private banking services and offerings and lending procedures.
  • Analyze data and information to provide insights and recommendations.
  • Execute set-up, maintenance, and advancement of lending products and related account administration as per guidelines.
  • Verify and process loan drawdowns, ensuring they are within the terms of the credit authorization and completion of required security documentation.
  • Review and action overdrafts and other monitoring reports in a timely manner.
  • Set up and complete margin/covenant tests within established timeframes.
  • Maintain control of security collateral, including preparation and registration.
  • Identify, diary, and monitor accounts for security renewals, registrations, and other expiry dates to meet compliance requirements.
  • Monitor and control the integrity of lending documentation.
  • Collect fees applicable to credit terms and conditions or account agreement.
  • Provide timely, accurate service and support to bankers and specialists by completing a wide variety of credit, non-credit, and related activities.
  • Identify, record, and advise banker/relationship manager of any credit and/or risk management issues.
  • May focus on either after-sales service, compliance (risk management), and fulfillment services, or both.
  • Mitigate identified risks and make credit recommendations/decisions in accordance with sound credit-granting principles and compliance with the Bank's philosophy and principles outlined in corporate risk policy and supporting policies and procedures.
  • Identify and escalate irregularities and discrepancies to management as per guidelines.
  • Participate in assigned audits and compliance reviews.
  • Follow security and safeguarding procedures and apply appropriate due diligence for the prevention of loss due to fraud, counterfeiting, money laundering, or defalcation in accordance with Bank policy.
  • Protect the Bank's assets by adhering to all banking, investment, and lending regulations, policies, and procedures, legal and ethical requirements, process requirements, bank guidelines, and established risk guidelines.

Qualifications:

  • Typically between 3-5 years of relevant experience and post-secondary degree in a related field of study or an equivalent combination of education and experience.
  • Working knowledge of personal (primarily) and commercial credit and non-credit products and services.
  • Working knowledge of lending processes and supporting policies.
  • If a Credit Qualifiable job, Credit Qualifications and associated credit knowledge and skills according to the credit portfolio requirements and qualification standards.

You're fluent in French and English as this role provides support to clients and team members inside and/or outside the province of Quebec.

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.

We're here to help

At BMO, we are driven by a shared Purpose: It calls on us to create lasting, positive change for our customers, our communities, and our people.

About Us

BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life.