BMO U.S. · 3 days ago
AVP/VP - Special Assets Management
Chicago, IL
Full-time
Onsite
Mid, Senior Level
$81K/yr - $152K/yr
5+ years expBMO U.S. is dedicated to delivering exceptional customer experiences and managing risks for high-risk borrowing accounts. The AVP/VP of Special Assets Management will advise on complex credit transactions, make informed credit decisions, and work closely with stakeholders to enhance profitability and mitigate risks.
Banking
Responsibilities
Delivers an exceptional customer experience for a defined portfolio of high risk borrowing accounts by applying expertise to reduce the Bank’s loss exposure and manage risks
Advises internal and external stakeholders on complex, high-risk credit risk transactions and mitigation strategies
Makes credit decisions/recommendations in accordance with sound credit-granting principles and in compliance with Bank Policy & Procedures
Works with stakeholders to deepen relationships and grow the overall profitability of the portfolio
Recommends alternatives to credit proposals e.g. restructuring of the application and/or use of special loan plans available
Contributes to the development and implementation of lending related policies and procedures
Acts as a trusted advisor to assigned business/group
Influences and negotiates to achieve business objectives; includes action plans with debtor and guarantors
Recommends and implements solutions based on analysis of issues and implications for the business
Assists in the development of strategic plans
Identifies emerging issues and trends to inform decision-making
Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences
Helps determine business priorities and best sequence for execution of business/group strategy
Conducts independent analysis and assessment to resolve strategic issues
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 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
Provides input into the planning and implementation of operational programs
Monitors the financial and risk performance of account portfolio; performs financial and risk analysis of customer and account information to provide insights and recommendations on how to improve quality, liquidity and Bank’s security position
Documents 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 alternative solutions
Keeps abreast of economic and market developments within the portfolio to inform decision making and credit risk policies
Maintains and enhances knowledge around lending issues, including loan structure, collateral, foreclosure, bankruptcy and the various regulations that directly impact the Bank
Provides credit risk coaching and advice to sales & service employees to increase awareness of risk, policy, and knowledge of structuring transactions
Supports the execution of strategic initiatives in collaboration with internal and external stakeholders
Builds effective relationships with internal/external stakeholders; includes legal and insolvency professionals and other consultants/advisors in the commercial business community
Gathers and formats data into regular and ad-hoc reports, and dashboards
Monitors and tracks performance and addresses any issues
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
Provides specialized consulting, analytical and technical support
Exercises judgment to identify, diagnose, and solve problems within given rules
Works independently and regularly handles non-routine situations
Broader work or accountabilities may be assigned as needed
Qualification
Required
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
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
Proven leadership skills and highly developed coaching skills
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
Benefits
Health insurance
Tuition reimbursement
Accident and life insurance
Retirement savings plans
Company
BMO U.S.
We’re a bank, but there’s more to it than that. We're a top ten bank in North America and have been serving our customers since 1817.
5001-10000 employees
H1B Sponsorship
BMO U.S. has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (1)
2024 (11)
2023 (41)
2022 (22)
2021 (14)
2020 (21)
Funding
Current Stage
Late StageLeadership Team
Mike Morton
Vice Chair U.S. Commercial Banking
Recent News
2025-10-16
2025-09-23
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