VP, Transportation Commercial Credit

BMO • Roselle, IL

8d • $90,000 - $180,000

About The Position

Analyzes credit information to support lending decisions and processes for new and existing Transportation Commercial banking loans and credit solutions in an assigned portfolio. Makes credit decisions and recommendations in compliance with bank policies and procedures while maintaining an exceptional client service environment. Negotiates loan structures and terms that align client requirements with the bank’s risk appetite and policies; assesses repayment capacity using financial models and analytical tools; and signs off on loans within delegated authority. Monitors credit conditions, compliance, portfolio performance, and industry trends to identify risks and opportunities, recommend capital allocation strategies, and optimize returns. Leads proposal development, presents to prospective clients, networks with industry contacts, and develops business plans to grow client relationships and the portfolio. Provides specialized consulting, analytical, and technical support, works independently on routine and non-routine matters, and applies the bank’s Risk Management Framework and approved Risk Appetite to make sound, risk-informed decisions while following applicable policies, laws, and regulations.

Requirements

• Preferred 5–7 years of relevant experience in credit, lending instruments, or financial operations in a corporate or banking environment.
• Bachelor’s degree required; Business Administration, Finance, or Accounting preferred. A related discipline or commensurate work experience may be considered.
• For credit-qualifiable roles, meet credit qualifications and possess credit knowledge and skills according to portfolio requirements and qualification standards.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Foundational proficiency in structuring deals.
• Advanced proficiency in problem solving, collaboration, detail orientation, customer service, loan structuring, regulatory compliance, portfolio management, credit risk assessment, banking operations, and Microsoft Office.
• Expert proficiency in financial analysis.

Responsibilities

• Negotiate loan structures, terms, conditions, and collateral requirements that meet client needs and align with bank policies and risk appetite.
• Assess clients’ repayment capacity and credit information using financial models, analytical tools, financial analysis, and risk assessments.
• Approve or sign off on new, renewal, and extension loans within delegated authority; structure and support loans aligned with client needs and bank policies.
• Monitor assigned portfolios for performance, deteriorating credit conditions, compliance, and industry trends, and take corrective action when required.
• Evaluate portfolio performance and client returns, recommend capital allocation strategies, and nurture a portfolio that exceeds return-on-equity thresholds.
• Lead proposal development and deliver presentations to capture new business and expand client relationships.
• Develop and execute business development plans, identify revenue, cross-selling, and share-of-wallet opportunities, and support portfolio growth.
• Build and maintain client relationships in collaboration with Relationship Managers and business partners.
• Network with industry contacts to gather competitive insights and best practices.
• Serve as a point of contact for service requests, meet or exceed client expectations, and escalate issues when needed.
• Support and implement initiatives to improve service quality, acquire new business, and expand client relationships.
• Enter data accurately and on time in BMO systems and use data to support decision-making.
• Follow credit policies, regulatory standards, operational guidelines, and the Risk Management Framework to minimize risk exposure and protect bank assets.
• Provide specialized consulting, analytical, and technical support; exercise judgment to diagnose and resolve problems, including non-routine situations.
• Take on broader work or accountabilities as assigned.

Benefits

• Health insurance
• Tuition reimbursement
• Accident insurance
• Life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included in the total compensation package, depending on pay type.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior