Commercial Banking Credit Analyst Internship, Summer 2024, 4 Months - Toronto

You are a great communicator, team player, self-motivated, detail-oriented, critical thinker with excellent analytical skills, strong work ethic, relationship building skills and a passion for Commercial Banking.

Our Commercial Banking Credit Analyst Internship is an exciting opportunity to learn the fundamentals of commercial lending through credit analysis and risk assessment.

As an intern, you will have the opportunity to be heard, keep growing and make a difference. You will build your BMO network, participate in learning and development sessions, and work with experienced leaders. The internship is considered an initial interviewing step for full time placement upon graduation.

We are actively seeking students enrolled in an undergraduate degree program, graduating December 2024 or Spring 2025.

This role is located in Toronto.

Please ensure the following items are submitted in your application:

• Transcript (unofficial)
• Resume

Facilitates decisioning and analysis of all types of credit information to support lending decisions and processes for the bank. Maintains and promotes a client service environment to satisfy and exceed customer needs and expectations. This role will make credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures.

• Minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions.
• Assists in negotiations of terms and conditions of all decisions made via phone and e-mail interaction with clients.
• Typically between 2 – 3 years of relevant experience and post-secondary degree in related field of study desirable or an equivalent combination of education and experience; however as part of the BMO campus program, we are looking for motivated individuals with a strong desire to learn.
• Completes complex & diverse tasks within given rules/limits and may include handling escalations from other employees.
• Collaboration & team skills - Good.
• Builds effective relationships with internal/external stakeholders.
• Prepares summary, present facts and offer opinions concerning credit worthiness.
• Advises and recommend alternative means of financing for borrowers/prospects when it is determined that loan structure is not in the best interest of BMO.
• Develops credit information to make lending decisions on new, renewal and extension loans.
• Partners with internal stakeholders for accurate, detailed client information.
• Broader work or accountabilities may be assigned as needed. Qualifications:
• Organization skills - Good.
• Analytical and problem solving skills - Good.
• Provides input into the planning and implementation of operational programs.
• Analyzes financial information, tax returns, credit bureau reports and other related materials.
• Verbal & written communication skills - Good.
• Provides accurate financial analysis and risk assessment of new and existing customers.
• Analyzes issues and determines next steps.
• Specialized knowledge.

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.