Vice President- Corporate Banking, Power, Utilities and Infrastructure
BMO Financial Group
Toronto, ON-
Number of positions available : 1
- Salary To be discussed
- Published on November 11th, 2024
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Starting date : 1 position to fill as soon as possible
Description
Application Deadline:
Address:
100 King Street WestJob Family Group:
Supports the origination and structuring of corporate lending transactions, and coordinates with other products as an integral part of a larger coverage team that maintains strong client relationships. Includes providing lending expertise for a variety of sectors, establishing credit facilities to support trading products business and facilitating credit approvals in support of Trade Finance products. Cross sells Corporate Banking products (e.g. FX / treasury products, cash management & corporate cards, commodities, investment management, securitization, leasing, Trade Finance products, etc.) to BMO Capital Market clients. Also provides ongoing management of the lending portfolio.
- Contributes to growing / elevating the BMO and BMO Capital Market brand with a commitment to and presence in the community.
- Operates as key member of the deal team with efforts to maximize sector penetration and returns.
- Institutes cross-selling initiatives to increase ranking with client.
- Creates pitch books for clients with respect to financial solutions and participate in their presentation to clients.
- Monitors client, client industry and regulatory agencies for potential changes which may affect client’s portfolio and business needs.
- Initiates contact with partners for new client sales.
- Partners with deal team and product specialists for accurate, detailed client information.
- Prepares credit documentation (i.e. including applications, memoranda, presentations, etc.) for internal and external stakeholders.
- Reviews and continually monitors performance of existing accounts and client relationships.
- Understands the needs of clients and provides relevant ideas and opinions to generate recommendations.
- Collaborates with sector coverage partners to cover clients and prospects and to identify/ deliver creative, timely solutions.
- Provides deal structuring expertise and negotiates transactions with clients.
- Obtains credit concurrence and coordinates pricing approval as client advocate.
- Maintains key ongoing coverage contact with lending clients and sector managers.
- Builds positive client relations through deep/comprehensive understanding of client needs and alignment of our products/services.
- Interprets client strategy and anticipates needs to deliver solutions.
- Acts as a positive change agent to drive improved efficiency and effectiveness.
- Maintains awareness of all firm products and services offered and facilitates means of receiving continuous updates.
- Builds effective relationships with internal/external stakeholders.
- Generates updated financial models/ analyses as business needs and industry requirements dictate.
- Analyzes/assesses industry compilations.
- Completes due diligence and credit analysis on new and existing client relationships. May includes client visits, analysis of business models, and comprehensive review of industry trends and related regulations.
- Understand complexity of transactions and related risk (credit, market, operational, legal/compliance, etc.).
- Balances the Bank's risk appetite with the client needs in making recommendations/ proposal.
- Reviews and guides work of Analysts and Associates to deliver business results.
- Considers risk, internal controls and compliance as part of day-to-day accountabilities and adheres to policies and procedures.
- Broader work or accountabilities may be assigned as needed.
Qualifications:
- 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.
- Undergraduate degree with focal areas of finance, economics, or accounting preferred with high academic achievement.
- MBA, CFA or equivalent experience in financial services, accounting, or legal fields.
- Relevant power and utilities & infrastructure sector experience is highly desired. Project finance experience would be an asset.
- Good knowledge of lending principals and objectives.
- Displays advanced deal execution and/or project management skills - ability to manage more than one client / major initiative.
- Ability to create and deliver professional presentations.
- Strong analytical skills. Expertise in financial modelling.
- 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.
Base Salary: $150,000.00 CAD
Salary:
Pay Type:
The above represents BMO Financial Group’s pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
We’re here to help
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at https://jobs.bmo.com/ca/en.
BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
Requirements
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