Community Development and Economic Equity Specialist

Description

The CD and EE Activities Specialist is an important role within the CRA Governance Team. This role will act as a Subject Matter Expert for Community Development (CD) Activities with a focus on Community Development Services and will partner with internal lines of business to qualify CD services for the bank’s CRA exam. The position will also play a key role in driving business development strategy and execution within BMO’s Commercial Banking team focused on companies owned and/or operated by individuals of underserved communities.

The analyst will support relationship managers and leadership in identifying new business opportunities, analyzing market trends, preparing client presentations, and developing insights that advance equitable access to capital and advisory solutions. This role offers the opportunity to work at the intersection of finance, strategy, and community impact — helping strengthen BMO’s mission to boldly grow the good in business and life.

Supports an assigned senior leader in executing strategic priorities for the business/group.

• Works with stakeholders to interpret business results, understands the operating environment & emerging trends and provides planning, support and recommendations to improve operational effectiveness and tracks achievement of objectives.
• Supports the effective management of risk, including operational and compliance risk and management of the attestation/reporting process specific to the business.
• Supports the development of effective, consistent communications for the business/group senior leader and for the leadership team.
• Provides advice and guidance to assigned business/group on implementation of solutions.
• Monitors and tracks performance and addresses any issues.
• Designs and produces regular and ad-hoc reports.
• Builds effective relationships with internal/external stakeholders.
• Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.
• Self-directed and detail oriented.

CD Activities

• Capture, qualification and documentation of community development services for CRA and other internal initiatives as needed.
• Identify, qualify and document community development services within the volunteerism management system.
• Review and decision volunteer activities for CRA qualification.
• Gather documentation that supports the qualification in a consistent and thorough format.
• Track CD services within internal data repository ensuring data accuracy.
• Streamline internal processes and technology keeping in mind current CRA rule.

Provide reporting stream to lines of businesses.

• Develop CD Services reporting, including development of annual goals in collaboration with the CRA Outreach Team.
• Responsible for the development and fulfillment of ad hoc reporting as needed.
• Responsible for the development and maintenance of CD Services procedures.
• Other tasks as assigned by manager.

• Direct Examination Support
• Coordinate and develop examination documentation; respond to examiner inquiries; work with lines of business to produce data documentation; and work with the CRA Governance team to coordinate exam specific information as it relates to CRA.
• Develop the CD Services Performance Contexts for each identified assessment area in partnership with the CRA Strategy and Initiatives Manager.

Economic Advisory Activities

• Conduct market and industry research to identify prospective clients and growth segments within the diverse business community.
• Track and analyze pipelines, referral sources, and deal flow to help optimize business development performance.
• Support prospect outreach through preparation of client profiles, pitch materials, and opportunity summaries.
• Maintain a database of diverse-owned businesses and community partners to drive targeted engagement.
• Assist in evaluating financial statements and credit metrics for prospective clients.
• Prepare dashboards…