Global Markets Corporate Banking Analyst - Chicago
BMO Financial Group
**Global Markets Corporate Banking Full Time Analyst**
**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.
**About Corporate Banking:**
Corporate Banking is an integral part of BMO Capital Markets’ Investment and Corporate Banking group which offers corporate, institutional and government clients a complete range of financial services, including lending, equity and debt capital raising, structured finance, M&A, treasury and market risk management services, research and institutional investing. Corporate Banking is responsible for the marketing, management and monitoring of the Bank's corporate loan portfolio, and also supports the credit requirements and cross selling efforts for other businesses including derivatives, foreign exchange, cash management, and trade finance.
**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
This position is ideally suited to talented, highly motivated individuals who seek to build a solid, comprehensive foundation in the basic skills of corporate banking.
**Qualifications:**
+ Currently enrolled in an undergraduate business/accounting/finance program graduating in Dec. 2024 or Spring 2025
+ GPA of 3.4/4/0
+ Strong interest in finance and banking.
+ Demonstrated leadership in extracurricular activities.
+ Strong financial analysis and modeling skills.
+ Proficient in Word/Excel/PowerPoint.
+ Strong communication skills both written and verbal
+ Detail oriented.
+ Highly motivated, fast learning and able to work with limited supervision and adapt to frequent market, systems, and process changes.
+ Outgoing and personable; team player able to work effectively in small groups.
+ Knowledgeable in the principles of finance and the financial markets. Comfortable working in a fast-paced environment.
+ Previous banking or credit risk management experience preferred.
+ Legally authorized to work in the U.S. and will not require sponsorship in the future
The annual base salary for this position is USD$90,000
**Salary:**
**Pay Type:**
Salaried
The 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
**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/us/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. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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.
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