Associate, Corporate Banking - FIG Insurance

About the role

The Associate will work for the Corporate Banking – Global Financial Institutions Group – Insurance Team, which has a global platform with a growing and dynamic presence in the U.S. combined with a very strong and stable presence in Canada. The Corporate Banking Insurance team supports the origination and structuring of corporate lending transactions, and coordinates with other product teams as an integral part of a larger capital markets coverage team that maintains strong client relationships. The Corporate Banking team is responsible for completing credit due diligence in establishing and maintaining credit lines that are needed to facilitate Lending, Trade Finance, Cash Management and Trading transactions for Insurance clients.

Responsibilities

• Prepares credit documentation (i.e., including credit applications, underwriting memoranda, presentations, annual reviews, etc.) for internal and external stakeholders.
• Directly manages a diverse portfolio of Insurance companies with progression toward increasing client responsibility.
• Reviews and continually monitors performance of existing accounts and client relationships from both an ROE and credit quality perspective.
• Provides deal structuring expertise and negotiates transactions with clients.
• Applies appropriate Insurance technical concepts and completes/leads consistent and reliable technical and financial reports/analyses to support credit and client deliverables.
• Completes due diligence and credit analysis on new and existing client relationships. Includes client visits, analysis of business models, and comprehensive review of industry trends and related regulations.
• Breaks down strategic problems, and analyzes data and information to provide insights and recommendations.
• 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/proposals.
• Integrates information from multiple sources to enable more efficient processes, enhanced analysis, and/or streamlined reporting.
• Reviews and guides work of Analysts to deliver business and credit results.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Identifies opportunities for increased efficiency and improved service to internal and external clients.
• Acts as a positive change agent to drive improved efficiency and effectiveness.
• Contributes to growing/elevating the BMO and BMO Capital Market brand, particularly within the US and Canadian Insurance industry.
• Operates as key member of the deal team with efforts to maximize Insurance 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.
• Maintains awareness of all firm products and services offered and facilitates means of receiving continuous updates.
• Builds effective relationships with internal/external stakeholders.

Qualifications

• Undergraduate degree with focal areas of finance, economics, or accounting preferred with high academic achievement.
• Preferred MBA, CFA or equivalent experience in financial services, accounting, or legal fields.
• Typical 4 – 6 years of relevant experience in covering the Insurance segment from a corporate or commercial banking and lending perspective, including credit underwriting, transaction structuring, and client management within the Insurance sector. Selective candidates may be considered with broader non-bank financial institution experience outside of Insurance.
• Selective candidates must display 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, with expertise in Insurance credit analysis.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Completion of corporate / commercial banking training program.

Pay

Salary Range: $135,000.00- 165,000.00 USD
Pay Type: Salaried

Benefits

BMO offers a comprehensive benefits package including 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

About Us

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/us/en

Equal Employment Opportunity

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.