Corporate Banking Analyst - Chicago

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Corporate Banking Summer 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.

Summer Analyst Program Overview:

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.

The CB Summer Analyst program is designed for candidates between their second and third year of a undergraduate  school. Summer analysts will gain valuable experience and exposure to a wide number of industries during the 10-week program.  In addition to this on-the-job experience, the program includes the opportunity to network across various business groups, learn about the culture of BMO Capital Markets, participate in training and learning seminars, and obtain career guidance from dedicated mentors. Throughout the interview process candidates will meet with various Corporate Banking groups and will then receive a desk specific offer.

FIG

Description: The Global Financial Institutions Group – Team, has a global platform with a growing and dynamic presence in the U.S. combined with a very strong and stable presence in Canada. The Team fosters a very collaborative environment, supportive culture and offers exciting opportunities for career development.

Research and analyze financial and operating information across FIG verticals. Complete due diligence and credit analysis on new prospects and existing client relationships. Analyze/assess transactions for structural strengths/weaknesses and industry compilations. Assist in the preparation and completion of credit applications and other memoranda.

Client Base: Banks, Insurance, Asset & Wealth Managers, and Specialty Finance (Credit Unions, Trusts, Consumer Finance, Fintech)

Diversified

Description: Provide lending, treasury and payment solutions, and trade finance solutions for corporate clients.

Client base: Food Consumer & Retail, Industrials, and Technology

Real Estate

Description: The North American Real Estate team manages and provides balance sheet solutions to corporate clients in the real estate industry. Responsibilities include underwriting loan opportunities, monitoring the exposure and operating stability of our borrowers, and coordinating across BMO product partners to better serve our clients.

Client Base: Public/Private REITs and private sponsors operating across the real estate sector

Responsibilities:

• Processing client requests (e.g. new credit facilities and extensions and/or amendments to existing credit facilities).
• Completing annual / interim credit reviews.  Credit reviews include industry and financial analysis comprising of: operating performance, cash flow, leverage, coverage and liquidity, as well as capital-at-risk and other regulatory capital calculations.
• Monitoring performance of portfolio companies against credit terms and conditions and identify changes in the financial condition of a client.
• Preparing presentation materials and relationship profitability assessments, which involve liaising with other product and industry groups within BMO Capital Markets. 
• Performing other duties including industry and company-specific research, as well as ad hoc projects for senior professionals.

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. 2026 or Spring 2027
• A preferred minimum  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:

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

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 BMOCareers.Support@bmo.com 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.

Salary : $90,000