The Associate will be responsible for a diversified portfolio of clients as it relates to the Capital Markets - Trading Products activities of the Enterprise.
In support of Trading Products’ Metals Initiative, many of the new transactions will be completed for clients in the base and precious metals industry and an interest in or experience working on transactions in the industry is preferred.
This entails account management responsibility, as well as the ongoing independent monitoring of client portfolios and their performance in a proactive manner.
In addition, as part of an ongoing team approach, the Associate will work closely with Trading Products to best serve and manage our existing client relationships as well as grow the portfolio in the base and precious metals space.
The Associate will prepare credit packages to make recommendations regarding risk, deal structure, and client requirements by analyzing financial and operational data of new and existing clients.
1. Client Risk and Financial Analysis
Research and analyze financial and operating performance relating to companies and industries
Prepare concise, accurate and well-reasoned written credit applications and memoranda for both new and existing transactions, for presentation to Credit
Maintain current financial information on clients in order to perform timely annual reviews and trigger monitoring
Conduct credit risk analysis of transactions using all available sources of information including, but not limited to financial statements, legal documentation, etc.
Analyze transactions for structural strengths and weaknesses and structure appropriately to mitigate weaknesses
Review credit documentation for conformity with approved Credit terms and conditions
Prepare concise credit analysis and other correspondence for use in managing client relationships
Keep abreast of industry trends and regulatory developments
2. Client Portfolio Management
Manage a diverse portfolio of Trading Product accounts. This includes :
Preparing written concise credit reviews as needed, at least annually, delivering same within required timeframes
Continuous monitoring of transaction performance and financial performance of the underlying client and its respective industry
Monitor client, industry and regulations for potential changes which may affect client’s portfolio and business needs
Monitor exposure across different BMO entities and products
Expert knowledge of Bank policies and standards to ensure portfolio adheres to BMO’s policies and procedures
Assist in AML / KYC processing and obtain any pending required documentation
3. Partnership Efforts
Liaise with Trading Products areas and with various lines of business and operational areas of the Bank as required
Support trading desks on portfolio management needs and growth initiatives of the business
Assist in updating Financing Guidelines
Involve in projects as required
An undergraduate degree in finance, economics, or accounting
MBA degree preferred
4-5 years of corporate banking experience in a corporate lending environment; formal credit training preferred
Knowledge of capital markets, investment banking products and applicable regulations
Credit analysis experience / understanding
Good knowledge of organizational lending and portfolio management policies and objectives
Experience with commodities, asset backed securities and / or mortgage backed securities
Highly developed written and oral communication skills
Strong quantitative analytics, financial and credit analysis skills
Expertise in financial computer applications and database management tools such as Moody’s, Capital IQ and Bloomberg
Strong interpersonal skills used within a demanding internal environment and in client interaction
Self-starter with keen attention to detail and ability to work under limited supervision
Ability to learn and adapt quickly
Excellent capability to independently and proactively service multiple clients and projects
Ability to multi-task and balance multiple deadlines