BMO · 1 month ago
Credit Underwriter – Law Firms and Professional Services
New York, NY, USA
Full-time
Onsite
Mid, Senior Level
$58K/yr - $106K/yr
4+ years expBMO Bank N.A. is seeking a Credit Underwriter to provide superior customer service and portfolio management in lending services for law firms and professional services. The role involves credit analysis, structuring, and portfolio monitoring, while also identifying cross-selling opportunities and ensuring compliance with banking regulations.
BankingCrowdfundingFinanceFinancial Services
Responsibilities
Identifies cross-selling opportunities to increase client penetration for banking, investments and deposits
Prepares new business proposals or presentations to clients/prospects
Participates in activities for client meetings and account opening documentation
Assists with the development of client communications as required
Identifies and recommends workflow process alternatives that can lead to improved efficiency and service levels
Ensures timely resolution of all client questions and concerns, both internal and external
Performs client sales & service support activities as required to meet client needs and maintain overall service standards
Determines client needs and ensures timely and accurate completion of transaction processing
Provides after sales support and handles exceptions tactfully, accurately and efficiently in accordance with Bank policy
Reviews and provides feedback and best practices about client solutions and credit structure
Maintains detailed knowledge and understanding of the integrated private banking services and offerings and lending procedures
Supports the execution of strategic initiatives in collaboration with internal and external stakeholders
Collaborates with internal and external stakeholders in order to deliver on business objectives
Completes comprehensive analysis for risk, financial and profitability rating and assessments
Breaks down strategic problems, and analyses data and information to provide insights and recommendations
Monitors and tracks performance, and addresses any issues
Designs and produces regular and ad-hoc reports, and dashboards
Implements and monitors procedural and policy changes as required
Manages operational audits and controls for banking and account administration
Manages day to day portfolio administration activities through the completion of a wide variety of credit, non-credit, and related activities
Monitors the timely and accurate setup & maintenance of accounts, including account setups, collateralization, and documentation
Provides input into the planning and implementation of operational programs
Executes set-up, maintenance, and advancement of lending products and related account administration as per guidelines
May specialize as either a funding specialist or a credit underwriting specialist
As a funding specialist, facilitates the funding process acting as a final and independent control point for legal documentation and ensures that the security/legal documentation reflects what was approved; all terms and conditions noted in the credit application have been met; proper execution/perfection of all documents prior to funding/releasing funds; assesses significance of any security or conditions shortfalls, credit and fraud risks
As a credit underwriter, focuses on underwriting and making recommendations loan applications; interacting directly with Clients, Prospects, Bankers and Risk Management to provide expertise regarding the adjudication of applications
Mitigates identified risks and makes credit recommendations/decisions in accordance with sound credit-granting principles and compliance with the Bank’s philosophy and principles outlined in corporate risk policy and supporting policies and procedures
Identifies and escalates irregularities and discrepancies to management as per guidelines
Participates in assigned audits and compliance reviews
Ensures proper adherence to the code of conduct and ethical guidelines
Follows security and safeguarding procedures and applies appropriate due diligence for the prevention of loss due to fraud, counterfeiting money laundering or defalcation in accordance with Bank policy
Protects the Bank’s assets by adhering to all banking, investment and lending regulations, policies, and procedures, legal and ethical requirements, process requirements, bank guidelines, and established risk guidelines
Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus
Exercises judgment to identify, diagnose, and solve problems within given rules
Works independently on a range of complex tasks, which may include unique situations
Broader work or accountabilities may be assigned as needed
Qualification
Required
Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience
Commercial Loan and Underwriting experience in a financial services environment
In-depth knowledge of personal (primarily) and commercial credit and non-credit products, monitoring/operational processes and applications
In-depth understanding of loan and security documentation, including registration and renewal routine
If a Credit Qualifiable job, Credit Qualifications and associated credit knowledge and skills according to the credit portfolio requirements and qualification standards
Technical proficiency gained through education and/or 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
We’re a bank, but there’s more to it than that. When you join BMO, it opens a world of opportunities.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$7.54B2025-10-23Post Ipo Debt· $142.91M
2025-02-26Post Ipo Debt· $871.76M
2024-07-09Post Ipo Debt· $750M
Leadership Team
David Casper
U.S. Chief Executive Officer
Azam Dawood
Head Of Sourcing
Recent News
2026-01-20
MarketScreener
2026-01-06
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