Corporate Banking Associate

The Portfolio Risk Management Associate will support Corporate Banking professionals in executing the first line of defense accountability for strong risk culture through further integrating reporting and analysis into management of the business. Portfolio Risk Management assists Corporate Banking leadership by providing robust portfolio-wide multidimensional analysis.

KEY AREAS OF ACCOUNTABILITY

Portfolio Analytics 75 %
Regulatory Exam and Internal Audit Coordination 10 %
Special Projects 15 %

ACCOUNTABILITIES DEFINED

Portfolio Analytics

Strong understanding of the lending business, credit risk and implications of economic and industry dynamics on portfolio risk. Apply concepts to portfolio risk management.
Deliver thoughtful, distilled portfolio analysis with succinct commentary for Executive Management and senior leadership to enhance risk management of the portfolio on tight timelines. Robust portfolio analytics includes identification of trends, correlations and root causes across multiple credit metrics, including:

Capital/risk weighted assets, risk/return, weighted average probability of default (WAPD) and loss given default.
Risk rating migrations, problem loan accounts
Exceptions, concentrations, repayment dependencies, early warning indicators, covenants/triggers, etc.
Actual performance metrics vs established risk tolerance thresholds

Effectively communicate and interact with corporate bankers across all levels to understand risk issues in support of portfolio-wide reviews and individual account issue identification.
Collaborate with other LOBs and Risk on Enterprise initiatives

Draw on knowledge and experience to generate ideas to solve current risk and regulatory issues facing the Bank (e.g. Heightened Standards)
Ability to represent Corporate Bank in various working groups

Data Management:

Knowledge of BMO internal book of record systems and their database infrastructure
Daily usage of data analytic tools (OLAP – online analytical platform “Cube”, Spotfire, NSBI- Microsoft business intelligence, Excel)
Ability to define and report on portfolio through different views as it relates to various purposes (i.e. risk view, management view, accounting view)
Monitor data quality for senior management and regulators
Participate in Data Governance working groups to develop data lineage and data quality rules

Develop and build on systematic and sustainable processes to enhance data collection for reporting.
Manage and monitor available liquidity across established liquidity limits. Respond to liquidity clearance requests in a timely manner through the CLP.

Regulatory and Internal Audit Coordination

Coordinate compilation of requested information for exams
Liaise with Portfolio Managers and Enterprise Risk as required
Track status of exam deliverables and follow-up as needed
Observe regulatory meetings and assist with identifying themes.

Special Projects

Lead collection and validation of relevant information for portfolio-related initiatives
Prepare ad-hoc reports/queries from internal systems
Develop and present targeted training to Corporate Bank, as needed

Qualifications

Knowledge :

An undergraduate degree in finance, economics, or accounting.
3+ years of relevant work experience.
Proficient in multiple data platforms
General knowledge of corporate banking products and processes
Typically individuals continue in an Associate capacity between 3-5 years with growing responsibility.

Skills :

Exceptional skills in quantitative analytics and credit analysis.
Highly developed written and oral communication skills.
Strong attention to detail
Expertise in Microsoft Office applications including PowerPoint and Excel and other analytical platforms for executive management reporting
Ability to work independently with limited supervision.
Ability to work in dynamic environment and adhere to multiple and aggressive deadlines
Ability to be creative, insightful, and resourceful in performance of duties

We’re here to help

At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.

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://bmoharriscareers.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 is an Equal Opportunity Employer for all, inclusive of Minorities, Women, Veterans, and Persons with Disabilities.