BMO Financial Group Funding Coordinator in Burnaby, British Columbia
The Funding Coordinator is accountable for providing processing, monitoring, coordination and follow-up of all lending terms and conditions for Automotive Finance, to ensure funds are advances in a timely manner. This role is accountable to provide exceptional customer service throughout the fulfillment process by responding to client inquiries and escalating issues as appropriate.
Provide detailed instruction to ensure proper preparation, registration, and validation of security documentation as per terms and conditions of authorized credit and in compliance with Bank Lending Policies and Procedures to ensure bank assets are safe and secure. Follow up on any outstanding security/documentation.
Report any deficiencies on credit deficiencies to assist with the compilation of required reports for review by the Senior Manager, Client Servicing to support monitoring the quality of the portfolio and minimization of risk Foster a strong working relationship with the underwriting team to ensure effective work flows are attained Provide prompt, efficient, superior customer service to external clients, maintaining a high level of Dealer customer loyalty to promote additional business opportunities.
Manage the disbursement of funds for all Automotive Finance deals, ensuring accuracy of data.
Proactively manage outstanding files/conditions through the completion of funding, working with clients to improve funding ratios Provide recommendations to Manager on process improvements and operational effectiveness, ensuring continual consideration to bank audit and regulatory requirements.
Risk Management and Control:
Protect the Bank's assets and maintain the quality of the Automotive Finance lending portfolio by adhering to all lending regulations, Policies and Procedures, legal and ethical requirements, bank guidelines and lending process requirements including thorough investigation, and, if applicable credit due diligence and input of sound rationale to mitigate identified risks.
Manage risk and minimize losses through monitoring and control reports, ensuring compliance requirements, audits and verifications are completed in accordance with Bank Policies and Procedures and regulatory, legal and ethical requirements.
Ensure adherence to all aspects of First Principles our code of Business Conduct and Ethics including individual accountability as it relates to potential conflicts of interest, safeguarding of customer information, trading in securities, anti-money laundering, privacy and disclosure of outside business activities.
Follow security and safeguarding procedures and apply appropriate due diligence in accordance with Bank policy for the prevention of loss due to fraud, robbery, counterfeiting, money laundering or defalcation.
Keep up to date on changes to, processes, PandP and technologies ensuring adherence to bank guidelines.
Meet all established SLAs as prescribed by Bank policies and guidelines Maintain compliant customer files, ensuring privacy and accuracy are top priority.
We’re here to help
At BMO we have a shared purpose; we put the customer at the centre 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 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://bmocareers.com .
BMO 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. Accommodations are available on request for candidates taking part in all aspects of the selection process.
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