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  • 111 W Monroe - 115 S LaSalle
    Chicago, IL
  • Catherine Moser
  • Phone: 9999999999

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Associate, Community Investments - Commercial Banking-1700021071

Bank of Montreal • Chicago, IL

Posted 28 days ago

Job Snapshot

Experience - At least 3 year(s)
Degree - Graduate Degree
Banking - Financial Services


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Job Description

Associate, Community Investments - Commercial Banking-1700021071


The Associate, Community Investments, is responsible for underwriting new investment opportunities and managing a portfolio of public welfare investments in a proactive and independent manner.   Community Investments supports the BMO Harris Bank’s Community Reinvestment Act (CRA) objectives by making qualified public welfare investments.    Typical investments include private equity funds, tax credit funds, and loan pool investments.  Community Investments, within the Corporate Finance line of Business, manages investments with a total of $600MM in authorizations. As part of an ongoing team approach, the Associate will be assigned 40-50 investments to monitor and will gain increasing ownership in underwriting new investments.    This role will make credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures.



Key Accountabilities



·         High quality underwritings

o    Consistently produce clear and concise credit correspondence highlighting key issues specific to the Investment.  Write up should reflect an understanding and diligence of key risks / mitigants. Allocations to specifically address how our investment is expected to be used, overall sources and uses as well as expected timing and source of repayment and return. Written work to be free of inconsistencies and relatively free of typos;

o    Demonstrate understanding of Group Financing Guidelines, the CLP and Bank Policy and Procedures; and

o    Take increasing ownership of diligence processes both internally and with the sponsor.

·         Understanding and managing Community Investment’s internal/external processes

o    Demonstrate knowledge of the audience and good communication skills. Presentations to be clear and concise focusing on key credit elements, mitigants and business rationale for the transaction;

o    Manage the process to meet sponsor timeframes; and

o    Ensure the investment qualifies for CRA and understand the documentation requirements to allocate the investment to a specific assessment area.

·         Effective communication and coordination among stakeholders (Corporate Finance partners, Community Development Lending).

·         Build understanding of the basic tenets of legal documentation. Ensure documents match approved terms in the Investment Transaction Summary. Raise concerns or questions to further knowledge of the documentation process.



Portfolio Management

·         Maintain appropriate risk ratings and pro-active portfolio management for assigned investments including but not limited to:

o    Surface issues of concern to senior team member on the account;

o    Annual reviews completed on a timely basis; in accordance with schedule;

o    Maturity dates extended as appropriate;

o    Past due payments followed-up on as appropriate;

o    Financial statements and other tracking items received;

o    Ensure that all compliance is timely received and reviewed. Escalate signs of credit deterioration to senior team member(s);

o    Provide updates quarterly on watchlist investments; and

o    Identify opportunities to dispose of investments nearing the end of the compliance period as appropriate.

·         Develop rapport with assigned sponsors.  Attend annual LP meetings when feasible.

·         Reply promptly to requests from CRA Governance for additional information. 




·         Remain current on issues affecting the Community Development and Lower Middle Private Equity industries, including but not limited to:

o    Attending at least one industry conference and/or training seminar;

o    Reading industry related articles, periodicals;

o    Remain current on market to enhance credibility; and

o    Maintain a working knowledge of major trends.

·         Be informed on regulatory changes and trends related to the Community Reinvestment Act (CRA). 

Teamwork & Leadership:

·         Provide coaching and training to new analyst/associate hires, trainees, and interns.

·         Demonstrate strong work ethic and commitment characterized by:

o    Enthusiasm;  initiative and a desire to learn;

o    Strong organizational skills and ability to multi-task;

o    Willingness to pitch in and help teammates;

o    Speak up in group setting and offer ideas;

o    Maturity, consistency and dependability; and

o    Adherence to Community Investments best practices.

·         Consistently strive to “up-tier” by doing AVP-level work.

·         Contribute to the improvement of Group processes and operating procedures by serving on committees or putting forward or helping to implement ideas to accomplish this objective.

·         Uphold commitment(s) to meet deadline(s) required either by sponsor or internal associates.

Job Requirements



• An undergraduate degree in finance, economics, or accounting. 
• MBA degree preferred. 
• 3+ years of corporate banking experience as an Analyst in a corporate lending environment. 
• Knowledge of capital markets, investment banking products and applicable regulations. 
• This position requires Credit Qualification. The incumbent must possess a working level of Credit knowledge and skills according to the standards established within the Credit Qualification Process Policies & Procedures. 
• Credit analysis experience/ understanding. 
• Good knowledge of the organizational lending and portfolio management policies and objectives. 
• Typically individuals continue in an Associate capacity between 3-5 years with growing responsibility. 

• Exceptional skills in quantitative analytics, financial modeling and credit analysis skills. 
• Highly developed written and oral communication skills. 
• Expertise in financial computer applications and database management tools including MS Excel. Strong proficiency in other Microsoft Office products and the Internet. 
• Strong interpersonal skills used within a demanding team environment and in client interaction. 
• Ability to work under limited supervision. 
• Ability to learn and adapt quickly. 
• Ability to review, assess, and provide detailed information daily. 
• Excellent capability to independently and proactively service multiple clients.


At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.

As a member of the BMO Harris Bank 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


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BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO Harris Bank is an Equal Opportunity Employer for all, inclusive of Minorities, Women, Veterans, and Persons with Disabilities.

Job ID: 1700021071
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