Special Accounts Team – Distressed Valuation Analysis

BMO•Chicago, IL

6d•$81,400 - $151,800•Hybrid

About The Position

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. Contributes to the development and implementation of related policies and procedures. Acts as a trusted advisor to assigned business/group. Influences and negotiates to achieve business objectives. Recommends and implements solutions based on analysis of issues and implications for the business. Identifies emerging issues and trends to inform decision-making. Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences. Helps determine business priorities and best sequence for execution of business/group strategy. Conducts independent analysis and assessment. Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting. Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information. Breaks down strategic problems, and analyses data and information to provide insights and recommendations. 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 technical expertise to other team members, acting as a go-to person for the team. Supports the manager by coordinating and managing workflow and exception requests; escalates any concerns. Provides input into the planning and implementation of operational programs. Performs financial analysis of customer and account information to provide insights and value recommendations. Documents decisions with rationale that can be understood and explained to customers. Keeps abreast of economic and market developments to inform decision making and analysis. Maintains and enhances knowledge around lending issues, including loan structure, collateral, foreclosure, bankruptcy and the various regulations that directly impact the Bank. Supports the execution of strategic initiatives in collaboration with internal and external stakeholders. Builds effective relationships with internal/external stakeholders; includes legal and insolvency professionals and other consultants/advisors in the commercial business community. Gathers and formats data into regular and ad-hoc reports, and dashboards. Monitors and tracks performance and addresses any issues. 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. Provides specialized consulting, analytical and technical support. Exercises judgment to identify, diagnose, and solve problems within given rules. Works independently and regularly handles non-routine 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.

Requirements

Typically between 5 - 7 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.
Proven leadership skills and highly developed coaching skills.
Deep knowledge and technical proficiency gained through extensive education and 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.

Responsibilities

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.
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.
Contributes to the development and implementation of related policies and procedures.
Acts as a trusted advisor to assigned business/group.
Influences and negotiates to achieve business objectives.
Recommends and implements solutions based on analysis of issues and implications for the business.
Identifies emerging issues and trends to inform decision-making.
Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences.
Helps determine business priorities and best sequence for execution of business/group strategy.
Conducts independent analysis and assessment.
Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
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 technical expertise to other team members, acting as a go-to person for the team.
Supports the manager by coordinating and managing workflow and exception requests; escalates any concerns.
Provides input into the planning and implementation of operational programs.
Performs financial analysis of customer and account information to provide insights and value recommendations.
Documents decisions with rationale that can be understood and explained to customers.
Keeps abreast of economic and market developments to inform decision making and analysis.
Maintains and enhances knowledge around lending issues, including loan structure, collateral, foreclosure, bankruptcy and the various regulations that directly impact the Bank.
Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
Builds effective relationships with internal/external stakeholders; includes legal and insolvency professionals and other consultants/advisors in the commercial business community.
Gathers and formats data into regular and ad-hoc reports, and dashboards.
Monitors and tracks performance and addresses any issues.
Executes work to deliver timely, accurate, and efficient service.
Provides specialized consulting, analytical and technical support.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently and regularly handles non-routine 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.