320 S Canal Street Chicago Illinois,60606
In November 2020, BMO launched BMO EMpower, a five year, $5 billion initiative to promote inclusive economic recovery through increased lending and direct investment to support our local communities throughout our footprint, and in October 2022 expanded our commitment to a $40 billion Community Benefits Plan. This initiative includes the BMO EMpower Economic Equity Advisory Group (EEAG) formed to accelerate our Commercial Minority Business Lending to Middle Market and Mid-Corporate companies with revenues of $10MM to $1B+.
We are looking for someone who brings deep commercial lending with C&I, exposure to real estate who can think creatively within capital structures and understand how to leverage our product and services to continue to grow in the mid size market space within Chicago.
Responsibilities:
- Provides subject matter expertise in the design, development, management, and implementation of assigned projects from business case development through execution.
- Works across BMO to deliver specific project/program business results in alignment with overall group goals.
- Develops long term (3-5 years) strategic recommendations to optimally position BMO and pursue market opportunities.
- Positions BMO as a leader within the target market (including internal and external product offerings).
- Identifies business development opportunities and develops tactical national program recommendations in consultation with business development managers to ensure local appropriateness.
- Develops strategies that allow the market segment to achieve the status of highly credible and trusted strategic partners.
- Develops, maintains, and executes a business plan to achieve client retention objectives.
- Continuously monitors program performance and external environment for effectiveness.
- Develops and manages relationships with divisional and market contacts and networks.
- Acts as a trusted advisor to assigned business/group.
- Influences and negotiates to achieve business objectives.
- Provides strategic input into business decisions as a trusted advisor.
- Makes recommendations to senior leaders on strategy and new initiatives.
- Acts as a subject matter expert on relevant regulations and policies.
- Manages multiple programs/projects simultaneously and resolves conflicting priorities.
- Conducts independent analysis and assessment to resolve strategic issues.
- Ensures alignment between stakeholders.
- Collaborates with internal and external stakeholders to meet business objectives.
- Keeps stakeholders informed of messages, recommendations, decisions, process, and progress.
- Breaks down strategic problems and analyses data and information to provide insights and recommendations.
- Designs and produces regular and ad-hoc reports, and dashboards.
- Identifies emerging issues and trends to inform decision-making.
- Builds change management plans of varying scope and type.
- Leads or participates in defining the communication plan designed to positively influence or change behaviour.
- May consult to or serve on various committees and task forces.
- Provides input into the planning and implementation of operational programs.
- Acts as a relationship manager on assigned projects/programs.
- Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
- Participates in project/program design to provide advice and subject matter expertise.
- Collaborates with internal and external stakeholders to provide business context in the design, development, and implementation of business development programs and solutions.
- May network with industry contacts to gather and identify competitive insights and best practices.
- Monitors and tracks performance, and addresses any issues.
- Leads or supports change management activities to coordinate strategic business development initiatives.
- Identifies enablers and key issues prior to and during implementation of strategic business development initiatives.
- Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
- Applies expertise and thinks creatively to address unique or ambiguous situations.
- Implements changes in response to shifting trends.
- Broader work or accountabilities may be assigned as needed.
Qualifications:
- Typically 7+ years of relevant experience within commercial lending and post-secondary degree in related field of study or an equivalent combination of education and experience.
- Solid knowledge of Lean process improvement methodology.
- Familiar with established process analysis and improvement tools.
- Solid knowledge of testing strategies, test plans, and execution.
- Solid understanding of the business unit's risk and regulatory requirements.
- Solid experience with process and/or project management.
- Knowledge of MS Access is desirable.
- Verbal & written communication skills - In-depth / Expert.
- Analytical and problem solving skills - In-depth / Expert.
- Influence skills - In-depth / Expert.
- Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
- Able to manage ambiguity.
- Data driven decision making - In-depth / Expert.
Salary: $110,000.00 - $204,100.00
Pay Type: Salaried
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.
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At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life.
BMO is committed to an inclusive, equitable and accessible workplace.
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