BMO U.S. · 11 hours ago
Underwriter - Private Equity Credit
Chicago, IL
Full-time
Onsite
Mid, Senior Level
$74K/yr - $138K/yr
5+ years expBMO U.S. is a financial services provider committed to creating lasting positive change. They are seeking an Underwriter to provide expert credit analysis, structuring, and portfolio management for complex credit transactions while ensuring superior customer service and identifying cross-selling opportunities.
Banking
Responsibilities
Provides advice and support where needed with a focus on unique and complex credit transactions for prospects and clients
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
Provides day to day technical support and management of accounts for team members and customers
May act as lead relationship manager
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
Recommends and implements solutions based on analysis of issues and implications for the business and the client
Assists in the development of strategic plans
Identifies emerging issues and trends to inform decision-making
Maintains detailed knowledge and understanding of the integrated private banking services and offerings and lending procedures
Partners with the leadership team on strategic direction and complex line-of-business projects
Conducts independent analysis and assessment to resolve strategic issues
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
Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards
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
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
Coordinates account management activities with deal team members and internal groups
Performs audits and quality checks, to ensure decisions are adequately documented and clearly communicated
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
Verifies and processes loan drawdowns, ensuring they are within the terms of the credit authorization and completion of required security documentation
Reviews and actions overdrafts and other monitoring reports in a timely manner
Sets up and completes margin / covenant tests within established timeframes
Maintains control of security collateral including preparation and registration
Identifies, diarizes, and monitors accounts for security renewals, registrations, and other expiry dates to meet compliance requirements
Monitors and controls the integrity of lending documentation
Collects fees applicable to credit terms and conditions or account agreement
Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences
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
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
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
Expert communication and relationship management skills
If a Credit Qualifiable job, Credit Qualifications and associated credit knowledge and skills according to the credit portfolio requirements and qualification standards
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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