US Credit Officer II

Application Deadline:

02/27/2025

Address:

1200 E. Warrenville Road

Job Family Group:

Audit, Risk & Compliance

Looking for a Credit Officer II to join our dynamic team, focusing on business banking, private banking, and select consumer portfolios. This role is ideal for an experienced underwriter with a proven track record in business or commercial credit, and someone ready to expand their scope into mortgage and retail transactions.

Key Responsibilities:

- Approve credit transactions across business banking, private banking, and mortgage portfolios, with a focus on business lending and financial analysis.

- Begin with a discretionary credit approval limit of up to $1 million, with opportunities for growth based on performance.

- Work closely with internal teams to provide expertise in credit underwriting, risk assessment, and loan approvals, ensuring compliance with BMO’s policies and industry best practices.

- Gain exposure to a variety of transactions, including business loans, mortgages, home equity, and more, to build a well-rounded credit portfolio expertise.

- Collaborate across teams to streamline processes and improve efficiency, with a commitment to supporting both BMO and its clients in making sound financial decisions.

What We’re Looking For:

- Solid credit underwriting experience in business banking or commercial lending. Candidates with a few years of underwriting experience and a strong understanding of business lending will be highly considered.

- Experience with credit approval limits in current/previous roles. Preference for those already managing credit limits around $1 million or those who demonstrate capability to step into that range.

- Strong knowledge of BMO’s systems and processes, ideally coming from an internal role, but external candidates with relevant experience are welcome to apply.

- Ability to work in a fast-paced environment, making high-quality decisions that balance risk with business growth.

Location:

- This position is located in Naperville, IL, or Brookfield, WI, with potential flexibility for remote work for the right candidate.

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture.  #ERPMDreamJobs

Provides independent, objective review and adjudication of credit applications and transactions for an assigned portfolio within credit limits or makes credit recommendations and escalates as required. Ensures the credit quality of the assigned portfolios are maintained within the Bank’s risk tolerance, policies & procedures, and meet financing guidelines. Supports credit adjudication operations and initiatives. Provides training and support to teams and channels where the applications and transactions originate.

• Helps determine business priorities and best sequence for execution of business/group strategy.

• Conducts independent analysis and assessment to resolve strategic issues.

• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.

• Ensures alignment between stakeholders.

• 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.

• Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.

• Provides input into the planning and implementation of operational programs.

• 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.

• Reviews and communicates decisions on credit transactions with rationale that can be understood and explained to customers.

• Identifies and advises on terms, conditions and collateral requirements for the transaction decision as well as opportunities for