Special Accounts Team –Distressed Valuation Analysis

Bank of Montreal•Chicago, IL

1d•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. Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs. Provides advice and guidance to assigned business/group. Performs financial and risk analysis of customer and account information to provide insights and recommendations. Documents decisions with rationale that can be understood and explained. Keeps abreast of economic and market developments to inform decision making. Supports the execution of strategic initiatives in collaboration with internal and external stakeholders. Builds effective relationships with internal/external stakeholders. Gathers and formats data into regular and ad-hoc reports, and dashboards. 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. 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.

Requirements

Typically between 2 - 6 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.
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.

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.
Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
Provides advice and guidance to assigned business/group.
Performs financial and risk analysis of customer and account information to provide insights and recommendations.
Documents decisions with rationale that can be understood and explained.
Keeps abreast of economic and market developments to inform decision making.
Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
Builds effective relationships with internal/external stakeholders.
Gathers and formats data into regular and ad-hoc reports, and dashboards.
Provides input into the planning and implementation of operational programs.
Executes work to deliver timely, accurate, and efficient service.
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.