at BMO Financial Group in Chicago, Illinois, United States
Job Description
The Portfolio Manager is accountable to complete quantitative and qualitative analysis (e.g., financials, industry, account performance, etc.) on an assigned portfolio of accounts, assessing the overall financial health of the commercial entity, credit risk to the Bank and recommend, address or elevate to the appropriate level.
The role is accountable to understand the different customer segments and strategies to support the Corporate Card Business in the management of their portfolio of accounts by providing accurate, effective, and efficient portfolio quality monitoring, identifying, correcting, and decisioning or advising of any deficiencies and exceptions, including recommendations to remedy, to ensure asset and credit quality are maintained at an acceptable level.
+ Prepare initial and ongoing credit submissions for assigned Portfolio or Portfolio relationships.
+ Maintain acceptable asset quality in the portfolio of existing loan accounts through the monitoring of accounts for compliance to terms and conditions, completion of annual reviews and day to day account operation, identifying and actioning deteriorating risk situations and material exceptions, with timely advice to appropriate level for further attention and regularization.
+ Provide timely, accurate service and support to Corporate Card Sales Team to ensure the retention of valuable commercial clients and to identify and recommend workflow & process alternatives which can lead to improved efficiency and service levels.
+ Ensure the completeness and acceptable quality of documentation, providing authorization for utilization of Corporate Card programs..
+ Ensures credit decisions and/or recommendations are in accordance with sound credit-granting principles and in compliance with the Bank’s policies and related procedures (e.g., Lending Directives, Commercial Lending Policy, etc.), completing analysis; completing and recommending credit applications for authorization under Commercial Lending Policy.
+ Proactively support Corporate Card Sales Team in client relationship management activities, contacting clients for matters related to portfolio management and routine credit-related matters, identifying sales opportunities and referring as appropriate ·Protect the Bank’s assets and maintain the quality of the portfolio by adhering to all lending regulations, Policies and Procedures, legal and ethical requirements process requirements and established risk guidelines.
+ Portfolio Manager will be trained on systems, models and policies to manage accounts in the US and Canada.
+ Apply risk management practices identifying deteriorating risk situations, managing risk and minimizing losses through monitoring, ensuring compliance requirements, audits and verifications are completed in accordance with Bank Policies & Procedures and regulatory, legal and ethical requirements.
+ As appropriate, co-ordinate planning, implementation and review activities with Commercial Banking colleagues to ensure customers needs/expectations are met and/or exceeded.
+ Develop, implement and review a plan to complete all assigned Scheduled Reviews in a timely manner to acceptable quality standards.
+ Role may discretionary base limits up to $500M, (No unilateral).Accounts above the discretionary limit will be proposed to PMs or SPMs for recommendation.
+ Broader work or accountabilities may be assigned as needed.
+ Protect the Bank’s assets and maintain the quality of the portfolio by adhering to all lending regulations, Policies and Procedures, legal and ethical requirements process requirements and established risk guidelines.
+ Manage risk and minimize losses through monitoring and control reports, ensuring compliance requirements, audits and verifications are completed in accordance with Bank Policies & Procedures and regulatory, AML, legal and ethical requirements.
Qualifications:
+ Typically between 4 – 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
+ 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.
We’re here to help
At BMO Harris Bank 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 Harris Bank 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.bmoharris.com
BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Note to Recruiters: BMO Harris Bank does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO Harris Bank, directly or indirectly, will be considered BMO Harris Bank property. BMO Harris Bank will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
