Darren Thomas
New York,NY
Summary
Strategic-thinking individual experienced in developing creative credit solutions to uniquely meet client needs and set the bank apart from the competition while maintaining needed protection of the risk exposure.
Overview
12
12
years of professional experience
Work History
Director, Corporate Banking
BMO Capital Markets
New York, NY
04.2019 - Current
- Provided Corporate Banking Coverage for many clients across Utilities, Independent Power Producers, Power and Infrastructure Projects, and Financial Sponsors
- Responsible for structuring and arranging corporate and project financing's to achieve broader business objectives and develop multi-product high returning relationships with our clients.
- Demonstrated experience deploying loan commitments across multiple structures which include IG and Sub-IG Corporate Financing's, Early Stage Corporate Financing's, Project Financing, Merchant Power Lending, Fund Level Equity Subscription and Net Asset Value lending
- Exceeded strategic objectives, growing the loan book to targeted clients from $2.3Bn in 2019 to >$8.0Bn presently and have successfully cross sold numerous products which include IG DCM, Leveraged Finance, Interest Rate and FX Trading, Cash Management, Trade Finance and Deposits leading to above target return on capital.
- Demonstrated ability to improve processes and work efficiently having managed an $8.0Bn loan book with 3 Junior Staff responsible for all cross-selling, portfolio management and new business origination.
- Since joining the team have been the primary signatory from the line of business with meaningful delegated rating-based authority which includes: A-rated Clients: $2.3Bn; BBB rated clients: $950mm - $1.5Bn; Sub Investment Grade: up to $333mm.
Credit Officer
BMO Capital Markets
Toronto, ON
01.2018 - 04.2019
- Was responsible for providing final approvals for industry team loan transactions primarily across: Power & Utilities, Project Finance, US Based Oil and & Gas (RBL's and Covenant Based deals); Offshore Oil and Gas; Metals and Mining; Sponsor Deals and Asset Based Lending
- Final approvals were granted with significant rating based authority as follows: A-rated Clients: $2.3Bn; BBB-rated clients: $950mm - $1.5Bn; Sub-Investment Grade clients: up to $333mm
- Was a member of High Risk Loan Committee, reviewing and approving underperforming loans and remediation plans
- Would provide recommendations to the Credit Executive for material policy deviations or large exposures above my delegated limit.
Associate, Special Accounts Management Unit
BMO Capital Markets
Calgary, AB
12.2017 - 12.2018
- Managed a portfolio of underperforming loans, primarily within Oil & Gas reserve based lending
- Represented BMO as a Steering Committee member on large syndicated workout transactions.
- Exited the Canadian Oil and Gas downturn with de minimus credit losses
Associate, Corporate Banking
BMO Capital Markets
Calgary, AB
03.2015 - 12.2017
- Provided credit recommendations and prepared client pitch materials for Canadian Oil & Gas and Power & Utility clients.
Sr. Associate
PwC
Calgary, AB
09.2011 - 04.2015
- Lead audit teams providing sign off of audit due diligence and presentation of findings to clients Board of Directors.
Education
Chartered Accountant Designation - Accounting
Alberta Institute of Chartered Accountants
Calgary06.2013
Bachelor of Commerce (Hons) - Accounting And Finance
University of Manitoba
Canada05.2011
Skills
- Structuring creative loan solutions to meet client objectives
- Ability to understand, assess and present credit transactions and risks
- Demonstrated cross-sell record to enhance client profitability
- Track record of streamlining processes to reduce portfolio management and origination hours while maintaining high credit standards
Timeline
Director, Corporate Banking
BMO Capital Markets
04.2019 - Current
Credit Officer
BMO Capital Markets
01.2018 - 04.2019
Associate, Special Accounts Management Unit
BMO Capital Markets
12.2017 - 12.2018
Associate, Corporate Banking
BMO Capital Markets
03.2015 - 12.2017
Sr. Associate
PwC
09.2011 - 04.2015
Chartered Accountant Designation - Accounting
Alberta Institute of Chartered Accountants
Bachelor of Commerce (Hons) - Accounting And Finance
University of Manitoba
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