- Location
- 320Canal, United States of America
- Department
- Finance
- Education
- Bachelor
- Visa
- Not sponsored
- Closing date
- 4 days ago
- Source
- Workday
Description
Application Deadline:
Address:
320 S Canal StreetJob Family Group:
Capital Mrkts Sales & ServiceGlobal Markets Corporate Banking Full Time Analyst
BMO Capital Markets
BMO Capital Markets (“BMO CM”) is a leading, full-service financial services provider in North America offering a comprehensive range of investment and corporate banking products and services to corporate, institutional, and government clients. BMO CM has ~ 2,700 professionals in 30 locations around the world, including 20 offices in North America.
BMO CM is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$1.5 trillion total assets and ~ 53,000 employees.
About Global Markets Corporate Banking:
The Global Markets Corporate Banking group is an integral part of BMO CM’s Global Markets (“GM”) line of business and underwrites and recommends trading & loan credit facilities for a broad range of capital markets clients. The group is responsible for the portfolio management of BMO's risk exposure to a number of trading products and lending portfolios for GM clients, and includes reviewing and analyzing the client’s financial performance, establishing and maintaining limits, obtaining credit approvals, and continual monitoring of the portfolio.
The group is organized under 5 key portfolios: Financial Institutions Group (including Global Banks and Insurance, and Fund Managers), Hedge Funds and Broker Dealers, Real Estate (including Mortgage Originators and Commercial Mortgage-Backed Securities (CMBS)), Securitization and Structured Margin Loans, and Commodities and Diversified Products. The products covered by the group include (but are not limited to): Derivatives, Securities Financing, Cash Products, Metals Solutions & Commodities, Margin Lending, and Securitized Products (across various asset classes).
Responsibilities:
The Analyst will typically be assigned to cover one (or more) of these portfolios and will support the Account Management of that team(s). The key responsibilities include the following:
Credit Analysis & Due Diligence:
- Research and analyze financial and operating information relating to companies and industries, as well as current and prospective clients.
- Assess financial soundness of counterparties including appropriate debt levels, debt service and repayment capabilities.
- Perform credit risk analysis by analyzing transactions for structural strengths and weaknesses and determine product-specific risk and limit metrics (risk rating, LGD, etc).
- Provide analytical findings (including credit risks and related mitigants) to Account Management team.
Credit Documentation and Presentations:
- Lead AML/KYC processing and obtain any required pending documentation.
- Assist with review and negotiation of relevant legal documentation.
- Prepare concise, accurate and well-reasoned written credit applications and memoranda for both new and existing transactions for presentation to Credit.
- Develop other presentations or ad-hoc portfolio updates for relevant credit partners or other key stakeholders.
Risk and Portfolio Management:
- Perform continuous monitoring of transactions and financial performance of the underlying client and its respective industry.
- Monitor daily valuation and loan-to-value calculations for assigned portfolio(s), as well as exposure across different BMO clients and products.
- Conduct timely annual reviews, financial covenants, and internal trigger monitoring.
- Assist with updating relevant Financing Guidelines for assigned team.
- Liaise with GM and other business partners, as well as Operational areas of the Bank, as required.
- Collaborate on ad-hoc projects, as needed.
Professional Development:
- Continually train on needed systems, and learn about other resources available, to improve performance.
- Utilize appropriate Artificial Intelligence tools and incorporate AI prompts in daily work.
- Obtain expert knowledge of Bank policies and standards to ensure credit documentation and covered portfolio adheres to BMO’s policies and procedures.
- Develop deeper industry knowledge specific to GM clients, products and initiatives to identify and understand client opportunities.
- Participate in Client and Industry conferences, as applicable.
- Keep abreast of industry trends and relevant regulatory developments.
Qualifications:
- An undergraduate degree (or currently enrolled in an undergraduate degree program with a graduation date of December 2026 or Spring 2027), with specific academic coursework in finance, economics, or accounting.
- Minimum GPA of 3.4 (out of 4.0).
- Excellent analytical skills, and knowledgeable in the principles of finance, banking and the financial markets.
- Strong interpersonal skills used within a collaborative and demanding team environment.
- Effective written and verbal communication skills essential for presenting and writing reports.
- Comfortable working in a fast-paced environment and ability to adapt to frequent market, systems, and process changes.
- Highly motivated, self-starter, with ability to work under limited supervision.
- Results focused and detail orientated.
- Ability to be creative, insightful, and resourceful in performance of duties.
- Strong ability to attentively review, assess, and provide detailed information daily on multiple projects in an organized manner.
- Proficient in Microsoft Office products including Excel, Word, and PowerPoint.
- Demonstrated leadership in extracurricular activities.
- Legally authorized to work in the U.S. and will not require sponsorship in the future.
Additional Preferred Skillsets:
- Ability to build cash flow and other financial models.
- Experience in corporate banking (including credit analysis and understanding) and credit risk management.
- Understanding of organizational lending and portfolio management policies and objectives.
- Knowledge of loans, derivative facilities, and other capital markets products, as well as applicable regulations of trading and lending products.
- Formal credit training.
- Proficiency with financial computer applications and database management tools (including Moody’s, Capital IQ and Bloomberg).
The annual base salary for this position is USD$95,000.
Salary:
Pay Type:
SalariedThe above represents BMO Financial Group’s pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
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. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
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 http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.