Fall 2026

Product Control Analyst Co-op/Internship

Posted on 5/11/2026

Deadline 5/25/26
Bank of Montreal

Bank of Montreal

10,001+ employees

Personal, business banking and capital markets

Compensation Overview

$24.09 - $44.71/hr

+ Commission structure + Performance-based incentives + Discretionary bonuses

Toronto, ON, Canada

In Person

Category
Accounting (1)
Required Skills
Risk Management
Data Analysis
Requirements
  • Completed or near completion of an accounting designation.
  • Verbal and written communication skills - In-depth.
  • Collaboration and teamwork skills - In-depth.
  • Analytical and problem solving skills - In-depth.
  • Influence skills - In-depth.
  • Experience with finance or accounting roles is preferred but campus program expects motivated individuals with a strong desire to learn.
  • As a co-op/intern student, you must be enrolled in an academic program and returning to your studies.
Responsibilities
  • Consolidates, analyzes, and reports on the financial performance of the business or group to support the month-, quarter-, and year-end closing process, including financial reporting and financial governance.
  • Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
  • Provides advice and guidance to assigned business or group on implementation of solutions.
  • Supports the execution of strategic initiatives; includes tracking metrics and milestones.
  • Builds effective relationships with internal and external stakeholders.
  • Reviews financial information prepared by others for reasonableness and highlights issues or information that needs attention.
  • Provides advice on the implementation of accounting solutions and operational programs.
  • Analyzes financial results to support financial period closing and reporting processes and provide insights and recommendations.
  • Gathers and formats data into regular and ad-hoc reports and dashboards for assigned legal entity, business, or group financial information packages.
  • Supports the preparation of journal entries, monthly/quarterly reporting packages and financial statements, including applicable tax payments and reconciliations, in accordance with accounting rules and standards.
  • Provides information and supports the process for internal (e.g. corporate and SOX) and external audits.
  • Reviews supporting documentation, escalating areas of concern and making any necessary amendments.
  • Coordinates and executes specific activities for the implementation of strategic initiatives; includes tracking metrics and milestones.
  • Executes routine tasks (e.g. service requests, transactions, queries, etc.) within relevant service level agreements.
  • Organizes work information to ensure accuracy and completeness.
  • Collaborates with internal and external stakeholders to deliver on business objectives.
  • Develops knowledge related to business/group accounting requirements and standards.
  • 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.
  • Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.

Bank of Montreal (BMO) is a diversified financial services provider offering personal, business, and commercial banking, along with capital markets and wealth management, across Canada and the United States. Individuals use personal banking for everyday needs and loans, households can obtain mortgages and credit products, and businesses access commercial loans, treasury/cash management, and industry-specific advice. In capital markets, BMO assists clients with raising capital, trading, and research, while wealth management delivers investment strategies and asset management for portfolios. The company aims to help clients manage and grow their money through a full range of financial services for individuals, small businesses, large corporations, and public sector entities in North America.

Company Size

10,001+

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

1988

Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 net income rose 34%, while credit losses fell to $739 million.
  • The Stonepeak sale simplifies BMO's portfolio and refocuses capital on core businesses.
  • Student, defence, and Indigenous partnerships open niche deposit and lending channels.

What critics are saying

  • U.S. branch restructuring gives JPMorgan and regional banks room to poach clients.
  • Selling Transportation Finance and Vendor Finance shrinks specialty lending scale and fee diversification.
  • CET1 fell to 13.0%, limiting flexibility if charges or credit losses rise.

What makes Bank of Montreal unique

  • BMO pairs traditional banking with Capital Markets and BMO Nesbitt Burns wealth management.
  • Its 2026 Vector Institute renewal embeds responsible AI into financial-services workflows.
  • BMO spans Canada, the U.S., and select global markets with 13 million clients.

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Your Connections

People at Bank of Montreal who can refer or advise you

Benefits

Health Insurance

Tuition Reimbursement

Accident and Life Insurance

401(k) Retirement Plan

Professional Development Budget

Hybrid Work Options

Company News

Caledonia Courier
May 26th, 2026
BMO wins seven Awards for AI, digital innovation and client experiences.

BMO wins seven Awards for AI, digital innovation and client experiences. PR Newswire Today at 6:00am PDT * Honouring BMO's advancements in AI, data-driven insights and client experiences in personal and commercial banking TORONTO, May 26, 2026 /CNW/ - BMO today announced it received seven recognitions at The Digital Banker's 2026 Digital CX Awards for its leadership in AI, digital innovation and continued commitment to client-focused solutions. The Digital Banker's Digital CX Awards is the world's only program dedicated to recognizing leading innovation in the digital customer experience across the financial services ecosystem. The awards honour excellence in the use of digital assets within the financial services industry and celebrate contributions to innovations, technological enhancements and commitments to digital transformation. "Our commitment to delivering digitally enabled, client-focused experiences continue to shape how we innovate at BMO," said Gregory Brown, Chief Digital Officer, Canadian Personal & Business Banking, BMO. "These awards highlight how we are using technology to understand and meet clients where they are and deliver experiences that help them make real financial progress." "These recognitions reflect the strength of BMO's culture of innovation and exceptional client experiences," said Derek Vernon, Head, North American Treasury and Payment Solutions, BMO. "BMO is elevating standards with advanced technologies and data-driven solutions that drive our vision to deliver more convenient and personalized banking for our clients." * Best Goal Based Planning & Portfolio Personalization CX: My Financial Progress * Available in BMO Online Banking and the BMO Mobile Banking app, My Financial Progress is a self-serve goal planning platform that helps clients create personalized and adaptive plans, gain comprehensive insights into their finances and access tailored strategies to help them reach their goals. * Best Savings & Financial-Wellbeing Coaching Experience: Credit Coach * BMO's Credit Coach tool delivers a proactive and educational approach to credit health by combining personalized factor insights, interactive simulations, and timely credit score alerts directly within digital banking, empowering clients to understand and improve their credit with confidence. * Excellence in Real-Time Decisioning & Journeys Orchestration - Canada: BMO-Google Dynamic Card Benefits and Card Art * Delivered in partnership with Google Pay and the first in Canada, BMO's Card Art and Dynamic Card Benefits solution helps clients make more informed choices during points of purchase by clearly highlighting which card offers the most value for a specific transaction. The experience shows clear card images and a short message about the key benefits, making it easier to identify the best option at a glance when checking out in Google Chrome. By providing clear, timely guidance at the moment of decision, the solution helps clients get more value from their cards while supporting more confident, rewarding everyday purchase decisions. * Best Agent-Assist/Copilot Deployment for Contact Centre: Call Assist * A real-time, multilingual agent-assist tool that improves first-call resolution and reduces misdirected calls, BMO's Call Assist initiative enables more focused and empathetic client interactions through streamlined workflows and integrated analytics. * Best Use of Data and Analytics for Customer Experience: Simplified Authorization for Entities (SAFE) * SAFE's North American platform further enhances the account signer management by using AI and machine learning to digitize, validate, and access records across the bank. This platform is accelerating innovative self-service journeys and delivering an easier experience for employees and Commercial Banking clients in Canada and the U.S. * Best Use of Technology for Customer Experience: Corporate Card Hub * The Corporate Card Hub transforms card management in Online Banking for Business with a seamless, end-to-end digital experience that simplifies onboarding, enhances self-service, and unlocks meaningful new value for Commercial Banking clients and frontline teams. * Outstanding Use of Digital Channels for Improved CX - United States: BMO Digital Card Control Suite * BMO's U.S. Digital Card Management Suite is a flagship self-serve capability that enables millions of clients to securely manage and resolve credit card issues in real time, seamlessly through BMO digital banking app and BMO Assist-eliminating the need to call a contact center or visit a branch while delivering, faster, more seamless client experience. BMO continues to lead the way as a digitally enabled, future-ready bank, focused on delivering leading digital experiences that help customers make real financial progress. These recognitions demonstrate BMO's Digital First journey and build on the bank's strong track record of industry recognition. About BMO Financial Group BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2026. Serving clients for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to approximately 13 million clients across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities. SOURCE BMO Financial Group This is a paid placement. For further inquiries, please contact PR Newswire directly.

Hope Standard
May 20th, 2026
BMO partners with Best Buy Canada to help students Make Real Financial Progress.

BMO partners with Best Buy Canada to help students Make Real Financial Progress. PR Newswire Today at 5:00am PDT * Collaboration combines BMO's no-fee student banking products with Best Buy's national retail and online presence to support students' academic and financial journeys * Students who sign up for a BMO Student Chequing Account can unlock a $200 Tech Reward from Best Buy that can be redeemed from a curated list of products featuring brands including Sony, JBL, Nespresso, Dyson, Google Fitbit and more TORONTO, May 20, 2026 /CNW/ - BMO today announced a first-of-its-kind collaboration with Best Buy Canada to help students prepare for the academic year with tools, guidance and programs designed to help post-secondary students make real financial progress Ahead of back-to-school season, BMO is combining its no-fee student banking offer with Best Buy Canada's national retail and online reach to give students more choice in how they prepare for the academic year. Eligible students who open and fund a BMO Student Chequing Account can receive a $200 Tech Reward and access a curated range of products from leading brands including Sony, JBL, Nespresso, Dyson and Google Fitbit. "Helping students take control of their financial future starts with giving them the tools and guidance at the moments that matter most," said Andras Lazar, Head, Everyday Banking, Segments & Personal Lending, BMO. "Through our collaboration with Best Buy Canada, we're pairing BMO's no-fee student banking with access to essential technology - empowering students to build their financial literacy, develop smart money habits, make informed decisions about their finances, and make real financial progress." "Best Buy Canada is the go-to destination for all things tech during back-to-school, making this partnership a natural fit," said Kushal Samy, Head of Brand Marketing, Best Buy Canada. "We've curated a thoughtful assortment of products designed to support and enhance every student's learning journey. We're excited to deliver something truly unique to students through this innovative collaboration." BMO Empowers Students to Make Real Financial Progress Students can build financial literacy, monitor financial plans, and reach financial goals with BMO's innovative digital tools and resources: * BMO Student Banking Program: BMO's Student Banking program provides clients with a suite of personalized, no-fee banking products including chequing and savings accounts, access to credit with no credit history requirements, investments and worldwide money transfers to help students establish their finances. * BMO SmartProgress: A free, on-demand platform built for students, delivering personalized, bite-sized content to help them take control of their money and build strong financial habits early. * BMO Student Budget Calculator & Cashflow Worksheet: An interactive tool that puts students in control of their money by helping them build a smart budget, track income and expenses, and stay on top of their finances throughout the school year. To learn more about how the partnership and how BMO can help students make financial progress, visit www.bmo.com/studentoffer. About BMO Financial Group BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2026. Serving clients for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to approximately 13 million clients across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities. About Best Buy Canada A wholly owned subsidiary of Best Buy Co., Inc. (NYSE:BBY), Best Buy Canada Ltd. is one of Canada's largest and most innovative omnichannel retailers, operating the Best Buy, Best Buy Mobile, Best Buy Express and Geek Squad (www.geeksquad.ca) brands. With over 300 Best Buy, Best Buy Mobile and Best Buy Express stores across Canada and an expanded assortment of lifestyle products offered through BestBuy.ca, Best Buy is a leader in total retail, catering to customers how, when, and where they want to shop. Best Buy Canada is committed to making a positive impact in the community with programs and partnerships that support youth to connect with technology to advance their education. For more information, visit BestBuy.ca. SOURCE BMO Financial Group This is a paid placement. For further inquiries, please contact PR Newswire directly.

BMO
May 15th, 2026
From history to mission: BMO's role in supporting Canada's Defence Community.

From history to mission: BMO's role in supporting Canada's Defence Community. Growth & Strategy Updated May 15, 2026 2 min. read For more than 200 years, BMO has supported clients, colleagues who are service members, and the defence community - adapting alongside Canada's evolving defence and security needs. In the 1800s - BMO's early days - we delivered administrative and financial services to the Canadian military. During the First and Second World Wars, many BMO employees served, and our Waterloo branch in London, England became an unofficial headquarters for Canadian troops on leave from the front. Today, that legacy lives on through deep institutional knowledge, trusted relationships and purpose-built financial solutions for defence sector companies and the supply chains that support them. Partnering to scale investments in the Canadian Defence Industry BMO is a partner bank in the Defence, Security and Resilience Bank (DSRB) Development Group. This multilateral initiative focuses on unlocking financing for defence, security and resilience projects across allied nations, with the potential to reshape how critical investments are funded. Canada will serve as host country for the DSRB's future headquarters. "As the Official Bank of the Canadian Defence Community, we're proud to support efforts like the DSRB Development Group that will strengthen Canadian and Allied defence and security sectors, and the industries that support military personnel around the world." - Carrie Cook, Global Head of Investment & Corporate Banking BMO is also well positioned to support defence and security clients operating in highly regulated, high-risk and mission-critical environments. Our deep industry insight, paired with award-winning digital banking capabilities and advanced treasury and payment capabilities can deliver secure, reliable solutions for defence sector companies and their suppliers. Standing alongside the Canadian Defence Community Throughout generations and through times of conflict and peace, Canadians have answered the call to serve, and BMO has stood alongside them. Not as outsiders looking in, but as part of that community who understands what service and sovereignty costs - and what it gives. As the Official Bank of the Canadian Defence Community since 2008, we're proud to help defence community members and their families make real financial progress, and to support the community through initiatives such as the RCAF Run, Navy Bike Ride, Canada Army Run, Invictus Games and Military Family Appreciation Days across Canada. This partnership is grounded in shared values, a clear understanding of what service and sovereignty costs, and guided by 200 years of history - including the lived experiences of our colleagues in the Armed Forces. Hear from our team about what this commitment means today, and how BMO continues to support the Canadian Defence Community:

RJM & Company
May 14th, 2026
Recent M&A transactions.

Recent M&A transactions. Metals & Mining. May 14, 2026 - AMG Critical Materials NV said Zinnwald Lithium PLC has agreed to a cash and share acquisition by its subsidiary, AMG Lithium. (Morningstar) May 13, 2026 - Equinox Gold (TSX:EQX)(NYSE:EQX) said it would acquire Orla Mining (TSX:OLA)(NYSE:ORLA) in a deal valued at about $18.5B, creating a North America-focused gold producer expected to generate 1.1 million ounces annually. (Mining) May 11, 2026 - Kobe Steel will make KOBELCO WIRE COMPANY, LTD. a wholly owned subsidiary through a share exchange in which Kobe Steel becomes the parent and Kobelco Wire the subsidiary, under a simplified procedure not requiring Kobe Steel shareholder approval. (TheGlobeandMail) Transportation & logistics. May 14, 2026 - Siemens has agreed to buy the core business of Italian rail technology group MERMEC to strengthen its rail portfolio and gain market access to Italy. The parties agreed not to disclose the transaction's financial terms, the German engineering group said in a statement. Two people familiar with the transaction said the deal was worth $1.39B. (Reuters) May 14, 2026 - Brookfield Asset Management has reached a deal to acquire World Freight Company for an enterprise value of about $1.2B from EQT and PAI Partners. (Reuters) May 13, 2026 - Korean Air and Asiana Airlines approved a long-awaited merger that will pave the way for the launch of a new, integrated Korean Air. (KoreanHerald) May 11, 2026 - BMO Financial Group agreed to sell its transportation- and vendor-finance businesses to investment firm Stonepeak, with plans to take an equity interest in the new entity. (WSJ) Building products & materials. May 12, 2026 - The Blackpool-based construction materials distribution and civils specialist Fox Group has announced that it has bought surfacing contractor DSD Construction and concrete supplier Moore Readymix. (HighwayNews) May 11, 2026 - Southeast Building Supply Interests, a growing platform of lumber and building materials distribution businesses serving builders and professional contractors across the Southeast U.S., announced the acquisition of Builders Supply Company, further expanding SBSI's footprint in Tennessee. (LBMJournal) Energy. May 15, 2026 - U.S. power producer Constellation Energy Corp (NASDAQ:CEG) has agreed a long-term partnership with Pine Creek RNG, under which it will buy a minority stake in five operating renewable natural gas plants of Pine Creek. (RenewablesNow) May 14, 2026 - Chevron has agreed to sell several Asia-Pacific refining and retail assets to Japan's Eneos for $2.17B, as it continues to streamline its international portfolio. (Reuters) May 14, 2026 - Northwest Pump & Equipment Co., a leading provider of petroleum, industrial, and service solutions, announced the acquisition of Total Petroleum Services, a respected provider of petroleum service and maintenance solutions based in California. (GlobeNewswire) May 12, 2026 - Waaree Renewable Technologies is set to acquire a 55 per cent stake in Associated Power Structures Private Limited in a transaction valued at $128.7M, as the company expands its presence in India's renewable energy and power infrastructure sector. (AlCircle) May 11, 2026 - German utility group E.ON is poised to become one of Britain's largest energy suppliers after it announced plans to buy rival Ovo Energy for an undisclosed sum. (Reuters) Others. May 11, 2026 - Sony has agreed to acquire the full catalog of Recognition Music Group, a collection of more than 45,000 pop songs from artists ranging from Rihanna to Fleetwood Mac. The deal, made through Sony's venture with Singapore's sovereign-wealth fund GIC, will give Sony Music Publishing ownership of works performed by Beyonce, Lady Gaga, Journey, Red Hot Chili Peppers and others. (WSJ) Top news stories. East Hope Group plans $12.6B investment in Kazakhstan's aluminum industry. China's East Hope Group, one of the world's largest aluminum producers, is considering an investment of $12.6B in Kazakhstan's bauxite mining and aluminum sector, according to the country's Ministry of Industry and Construction. Rio Tinto backed Finland aluminum project, aims to boost European supply by 20%. Arctial, backed by Rio Tinto, is targeting first hot metal production from its planned aluminum smelter in Finland in the second half of 2029. Vedanta set to unlock $300M in value through AI-led industrial transformation. Vedanta Group, India's leading metals, oil & gas, critical minerals, power and technology conglomerate, highlighted the impact of its Artificial Intelligence (AI) and deep-tech-led transformation initiatives through V-Spark DeepTech Ventures, a global corporate innovation, accelerator and ventures platform. Alba sales decline 17% in Q1 2026 as Gulf conflict disrupts aluminum supply chains. Aluminium Bahrain, the world's largest aluminum smelter on a single site, reported a sharp rise in profitability in Q1 2026 despite operational disruptions caused by regional tensions across the Gulf. Chinese manufacturer Dajia develops advanced aluminum anodizing and spray coating. Foshan Dajia Electromechanical Technology Co., Ltd. is expanding its focus on automated and precision-based surface treatment systems for the aluminum industry through its Mingtu Painting division. Possible Guinea export cap adds pressure to bauxite shipping market. The global bauxite trade, which has been one of the strongest drivers of dry bulk shipping demand in recent years, is now facing pressure from both supply restrictions and geopolitical disruption. Evergreen profit sank 70% in Q1. Evergreen Marine Corp. saw revenue and profits plunge in the first quarter as unspecified higher container volumes were hit by weaker shipping rates. J.B. Hunt sees TL rates climbing 20% over next 2 years. J.B. Hunt Transport Services sees truckload rates climbing 20% over the next two years as stricter regulatory enforcement continues to remove capacity. UP-NS say revised merger application is 'comprehensive and complete'. Union Pacific and Norfolk Southern defended the completeness of their revised merger application in a filing with the Surface Transportation Board, saying it is "comprehensive and complete" while rebutting comments that called for the board to reject the amended application. Class 8 truck orders jump 201% in April. North American Class 8 truck orders posted a third consecutive month of triple-digit percentage increases in April. ACT Research preliminary data showed orders surged 201% from the prior year to 24,800 units. Brazil's Petrobras wants 2 wells built in new discovery at Aram block by 2030, says CEO. Brazil's state-run oil firm Petrobras, wants two production wells built by 2030 at a still-unnamed new discovery at the offshore Aram block in Santos basin, Chief Executive Magda Chambriard said. BP buys 40% stake in Uzbekistan oil and gas blocks. BP said it has acquired a 40% participating interest in a production sharing agreement covering six oil and gas exploration blocks in Uzbekistan's Ustyurt region, as it refocuses on traditional energy. Fervo Energy raises $1.89B in U.S. IPO. Geothermal energy developer Fervo Energy said it has raised $1.89B in its upsized U.S. initial public offering, highlighting robust investor appetite for the listing. Russia's newly-accepted tanker starts operations at project under U.S. sanctions, data shows. Oil prices fell sharply to two-week lows as optimism grew about a possible end to the war in the Middle East, with reports the United States and Iran were nearing an initial peace deal. SpaceX is aiming to go public on June 12 in what stands to be biggest IPO ever. SpaceX is aiming to go public on June 12, according to people familiar with the matter, setting the stage for what is expected to be the biggest initial public offering of all time. Netflix secures three more football games in new NFL deal. The National Football League cut a new four-year deal with Netflix for three more games and licensed additional games to Fox and NBC. Anthropic was behind. Now it's the AI boom's front-runner. Anthropic is emerging as the presumptive front-runner in the race for artificial-intelligence supremacy, with faster growth and fundraising that could soon yield a higher valuation than rival OpenAI.

Stock Titan
Apr 13th, 2026
BMO announces partnership with Quantum Industry Canada and Chicago Quantum Exchange.

BMO announces partnership with Quantum Industry Canada and Chicago Quantum Exchange. Rhea-AI Impact Rhea-AI Sentiment (Very Positive) partnership Rhea-AI summary. BMO (NYSE: BMO) announced partnerships with Quantum Industry Canada and the Chicago Quantum Exchange on April 13, 2026. These collaborations link BMO's new Institute for Applied Artificial Intelligence & Quantum to North American research and industry networks to support technology commercialization, workforce development, governance and knowledge sharing. Key figures. Share price: $144.31 Daily change: 1.08% 52-week range high: $149.01 +5 more Market reality check. Price: $144.31 Vol: Volume 494,532 is below t... Peers on argus. BMO was up 1.08% pre-news, while key peers were mixed: BNS up 0.82%, ING down 0... Previous partnership reports. 1 past event · Latest: Jan 10 (Positive) Same Type Pattern 1 events Historical comparison. -1.0% avg move · Past partnership news in 2025 averaged a -1.02% move. The new quantum-focused partnerships continue... partnership Market pulse summary. This announcement deepens BMO's quantum and AI engagement through partnerships with Quantum Industry... Key terms. quantum technologies, quantum computing, quantum networks, artificial intelligence AI-generated analysis. Not financial advice. 04/13/2026 - 07:00 AM * Partnerships focus on technology commercialization, research collaboration, workforce development and knowledge-sharing across North America * Aligns with recently announced BMO Institute for Applied Artificial Intelligence & Quantum, and the bank's focus on responsible technology adoption TORONTO, CHICAGO and SAN FRANCISCO, April 13, 2026 /PRNewswire/ - BMO today announced new partnerships with Quantum Industry Canada (QIC) and the Chicago Quantum Exchange (CQE), strengthening the bank's engagement with leading quantum research, industry and policy organizations. The partnerships build on BMO's April 9 announcement of the BMO Institute for Applied Artificial Intelligence & Quantum, a new Centre of Excellence focused on the responsible application and governance of AI and the advancement of quantum capabilities. Together, these initiatives reflect BMO's commitment to innovating, developing and integrating technologies that will shape the future of financial services and the broader economy. Through its collaborations with QIC and CQE, BMO is participating in early-stage, structured ecosystem partnerships focused on knowledge-sharing, workforce development and dialogue across academia, industry and policy communities. These engagements support BMO's long-standing approach to personalizing client experiences, augmenting team expertise and process automation, while contributing to the emergence of applications of quantum technologies that will impact the delivery of financial services. "Quantum technologies present significant long-term potential, along with important questions around security, governance and real-world application," said Dr. Kristin Milchanowski, Chief AI & Quantum Officer, BMO. "These partnerships enable us to engage constructively with leading organizations across Canada and the U.S. as the field continues to develop, while taking a responsible, informed approach grounded in collaboration, learning and readiness." BMO's participation in Quantum Industry Canada connects the bank to Canada's premier business-led quantum consortium, bringing together leading companies and strategic partners across the full quantum stack. Through QIC, BMO engages directly with Canada's quantum ecosystem, contributing perspectives informed by its expert technology bankers, enterprise-scale financial services experience and long-term readiness considerations. "Canada has played an outsized role in building the quantum era. The focus now is on translating that leadership into real capability, markets, and advantage," said Quantum Industry Canada's CEO Lisa Lambert. "BMO's participation reflects the shift from exploration to execution, and the role leading financial institutions play in scaling Canada's quantum economy." Through its partnership with the Chicago Quantum Exchange, BMO will engage with a Midwest-based intellectual hub that advances the science and engineering of quantum information, prepares the quantum workforce, and drives the quantum economy in collaboration with leading universities, national labs, and industry partners. With BMO's U.S. headquarters located in Chicago, the relationship provides a local foundation for ongoing dialogue, convenings and workforce-focused engagement, including exposure to emerging research and student talent relevant to financial services. "The CQE is building and scaling a full-spectrum quantum ecosystem by working closely with partners in key industries, like finance, to drive progress across the discovery-to-deployment pipeline," said David Awschalom, the University of Chicago's Liew Family Professor of Quantum Engineering and Physics and the founding director of the CQE. "Quantum technologies offer significant potential for financial institutions, from quantum networks that may enhance the protection of personal information to quantum computing approaches that could help identify fraud more effectively over time. Engaging in early, cross-sector dialogue with partners like BMO that share our commitment to responsible and efficient quantum sector growth is an important part of building a strong quantum economy." Together, these partnerships reflect BMO's long-term approach to emerging technologies as a financial advisor and capital provider, and as an innovator - engaging early with leading research and industry organizations, investing in knowledge and talent, and building the governance and institutional understanding required to evaluate potential applications responsibly as the quantum ecosystem matures. Recently, BMO became the first Canadian bank to join the IBM Quantum Network, extending its technology leadership in North America. BMO has also been recognized by Evident AI as one of the world's top 10 banks for AI innovation, received the Commercial Banking Impact Award for Artificial Intelligence and Advanced Analytics from Datos Insights, and was named one of Fast Company's Most Innovative Companies. About BMO Financial Group BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2026. Serving clients for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to approximately 13 million clients across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities. SOURCE BMO Financial Group Faq. What did BMO (BMO) announce on April 13, 2026 about quantum partnerships? BMO announced partnerships with Quantum Industry Canada and the Chicago Quantum Exchange on April 13, 2026. According to the company, collaborations target commercialization, research collaboration, workforce development and responsible governance for AI and quantum technologies across Canada and the U.S. How do the Quantum Industry Canada and CQE partnerships affect BMO's technology strategy (BMO)? They strengthen BMO's engagement with quantum research and industry networks to inform strategy and readiness. According to the company, the partnerships provide access to emerging research, talent pipelines, and cross-sector dialogue to evaluate responsible applications for financial services. What specific activities will BMO pursue with Quantum Industry Canada and the Chicago Quantum Exchange? BMO will engage in knowledge-sharing, workforce development, and early-stage ecosystem partnerships with both groups. According to the company, activities include convenings, research collaboration, talent exposure and dialogue on security, governance and real-world application of quantum tech. Does BMO joining these partnerships change its existing AI and quantum initiatives (BMO)? The partnerships build on BMO's Institute for Applied Artificial Intelligence & Quantum and extend its ecosystem engagement. According to the company, the relationships are intended to accelerate learning, governance development and potential commercialization pathways responsibly across North America. Why is BMO partnering with CQE given its U.S. presence in Chicago (BMO)? Partnering with CQE ties BMO's U.S. headquarters in Chicago to a regional quantum hub for discovery and workforce development. According to the company, the connection supports local convenings, exposure to university research, and talent relevant to financial services innovation.

INACTIVE