Address
Form of workApplication Deadline:
Address:
100 King Street WestJob Family Group:
BMO Capital Markets
BMO Capital Markets is a leading, full-service North American-based financial services provider offering equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading. BMO Capital Markets has over 2,800 professionals in 35 locations around the world, including 23 offices in North America.
BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$924 billion total assets and approximately 57,000 employees as of April 30, 2023.
As an analyst, you will have account management responsibility as well as ongoing proactive independent monitoring of client portfolios and client financial performance. In addition, as part of an ongoing team approach, you’ll will work closely with Global Markets representatives to best serve and manage our existing client relationships as well as grow the portfolio.
About Global Markets Corporate Banking:
Global Markets Corporate Banking is an integral part of BMO Capital Markets’ Global Markets group, and provides and underwrites trading & loan credit facilities for a broad range of Capital Markets clients. The products include (but are not limited to): Derivatives, Securities Financing, Cash Products, Metals & Commodities Solutions, Margin Lending, CMBS warehouse, RMBS Warehouse, and Securitization Products. The group is organized under 7 key portfolios: Fund Managers, Hedge Funds, Commercial Mortgage Backed Securities (CMBS), Securitization & Structured Margin Loans, Commodities & Metals, Single Products, and Mortgage Originators + Broker Dealers). The group is responsible for underwriting, obtaining credit approvals, ongoing portfolio management, and maintaining strong client relationships.
Typical responsibilities of GM CB Analysts:
- Credit Analysis & Due Diligence: Complete due diligence and credit analysis on new and existing client relationships including determining product-specific risk and limit metrics (risk rating, LGD, etc)
- Risk Management: Monitor client, client industry and regulatory agencies for potential changes which may affect client’s financial profile and its business needs; checking reporting covenants of our borrowers to ensure there are no “breaches”; raising and clearing rating alerts as needed.
- Materials Preparation: Prepare and recommend credit documentation (i.e. credit applications, memoranda, presentations, etc.) for internal and external stakeholders.
- Professional Development: Learn BMO systems and processes; develop deeper industry knowledge specific to Global Markets’ clients, products and initiatives to identify and understand client opportunities
What will you do?
- Research and analyze financial and operating information relating to current and prospective companies and industries.
- Prepare concise, accurate and well-reasoned written credit applications and memoranda for both new and existing transactions for presentation to Credit.
- Maintain current financial information on clients in order to perform timely annual reviews, financial covenants, and internal trigger monitoring.
- Perform financial statement analysis including completion of spreading software (RRT).
- Conduct credit risk analysis of transactions using all available sources of information including, but not limited to financial statements, legal documentation, etc.
- Assess financial soundness of counterparties including appropriate debt levels, debt service and repayment capabilities.
- Analyze transactions for structural strengths and weaknesses and structure appropriately to mitigate weaknesses.
- Review credit documentation for conformity with approved Credit terms and conditions.
Partnership Efforts
- Liaise with Global Markets areas and with various lines of business and operational areas of the Bank as required.
- Support Global Markets areas on portfolio management needs and growth initiatives of the business.
- Assist in updating Financing Guidelines.
- Participate in various projects as required.
What you will need to succeed
- An undergraduate degree with outstanding academic achievement. Specific academic coursework in finance, economics, or accounting is preferred.
- Exposure with Corporate Banking experience in a corporate lending environment
- Credit analysis exposure.
- General knowledge of loans and derivative facilities.
- Knowledge of Capital Markets, investment banking products and applicable regulations.
- Knowledge of organizational lending and portfolio management policies and objectives.
- Excellent analytical skills to include business, financial, and credit analysis areas.
- Strong interpersonal skills used within a collaborative and demanding team environment.
- Strong proficiency in other Microsoft Office products including MS Word and PowerPoint.
- Strong ability to attentively review, assess, and provide detailed information daily on multiple projects in an organized manner.
- Proficiency in building cash flow and other financial models is beneficial.
The campus New Grad job description above aligns to the internal full time job description below:
Supports the origination and structuring of corporate lending transactions, and coordinates with other products as an integral part of a larger coverage team that maintains strong client relationships. Includes providing lending expertise for a variety of sectors, establishing credit facilities to support trading products business and facilitating credit approvals in support of Trade Finance products. Cross sells Corporate Banking products (e.g. FX / treasury products, cash management & corporate cards, commodities, investment management, securitization, leasing, Trade Finance products, etc.) to BMO Capital Market clients. Also provides ongoing management of the lending portfolio.
- Develops written internal and external marketing pitch material.
- Supports deal teams in development, presentation, and winning mandates.
- Reviews and assists in preparation of credit documentation (i.e. including applications, memoranda, presentations, etc.) for internal and external stakeholders.
- Seeks to develop an understanding of client needs and outcomes.
- Identifies opportunities for increased efficiency and improved service to internal and external clients.
- Provides analytical findings to deal teams.
- Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
- Builds effective relationships with internal/external stakeholders.
- Ensures alignment between stakeholders.
- Researches and analyzes financial and operating information relating to companies and industries.
- Performs complex financial modeling and runs valuation analysis as part of client/ industry evaluations.
- Creates statistical exhibits and trend analysis of financial performance for client presentations.
- Completes due diligence and credit analysis on new and existing client relationships.
- Prepares industry compilations.
- Completes quality reports/analyses.
- Applies technical concepts and understands implication of work to client/transaction.
- Develops an understanding of and proficiency in using all required systems and models.
- Provides feedback on, and, supports continuous improvement opportunities.
- Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
- Considers risk, internal controls and compliance as part of day-to-day accountabilities and adheres to policies and procedures.
- Focus may be on a business/group.
- Thinks creatively and proposes new solutions.
- Exercises judgment to identify, diagnose, and solve problems within given rules.
- Works mostly independently.
- Broader work or accountabilities may be assigned as needed.
Qualifications:
- Typically between 3 - 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
- Undergraduate degree has academic coursework in finance, economics, or accounting with an outstanding academic achievement.
- Has financial analysis training and experience.
- Has up to 3 years of relevant experience within investment and/or Corporate Banking unit.
- Excellent analytical skills. Highly skilled in building complex financial models.
- Expertise in financial computer applications and database management tools.
- Skilled in creating statistical presentations.
- Specialized knowledge from education and/or business experience.
- Verbal & written communication skills - In-depth.
- Collaboration & team skills - In-depth.
- Analytical and problem solving skills - In-depth.
- Influence skills - In-depth.
We’re here to help
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 https://jobs.bmo.com/ca/en.
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. To request accommodation, please contact your recruiter.
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.
