Internship

Quantitative Analyst – Co-op/Internship

Data Science

Posted on 4/3/2025

Bank of Montreal

Bank of Montreal

10,001+ employees

Diversified financial services provider in North America

Compensation Overview

$31.44 - $58.56/hr

+ Commission + Performance-based incentives

Toronto, ON, Canada

Category
Data Science
Quantitative Finance
Data & Analytics
Required Skills
Data Science
Machine Learning
Operations Research
Data Analysis
Requirements
  • Deep learning
  • Machine learning
  • Trust, bias and ethics
  • Creative thinking
  • Critical thinking
  • Mathematics, statistics & operations research
  • Big data
  • Data visualization
  • Computational thinking and programming
  • Data wrangling
  • Data preprocessing
  • Complex problem solving
  • Analytical acumen
  • Creative reasoning
  • Verbal & written communication skills
  • Collaboration & team skills
  • Analytical and problem solving skills
  • Influence skills
  • Data driven decision making
  • Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience
  • Technical proficiency gained through education and/or business experience
Responsibilities
  • Uses advanced analytical algorithms and technologies (e.g. machine learning, deep learning, artificial intelligence) to mine and analyze large sets of structured and unstructured data to obtain insights
  • Designs and constructs new processes for modeling data
  • Develops predictive models and leverages big data technology to design solutions that deliver smarter business decisions, improve customer experience, and drive productivity
  • Collaborates with other data and analytics professionals and teams to optimize, refine and scale analysis into mature analytics solutions
  • Plays an active role in the futuristic display of data, and advancement of innovative data strategies to understand consumer trends and address business problems
  • Uses data mining and extracting usable data from valuable data sources to assess feasibility of AI/ML solutions for improved processing and usage of organization data
  • Conducts large-scale analysis of information to discover patterns and trends by combining different modules and algorithms
  • Uses analysis to provide recommendations and advice for business leaders to maintain market competitiveness
  • Develops prediction systems and machine learning algorithms
  • Investigates additional technologies and tools for developing innovative data solutions for business stakeholders
  • Collaborate together with the product team and partners to understand and provide data-driven decision making, business planning and future roadmap
  • Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus
  • Exercises judgment to identify, diagnose, and solve problems within given rules
  • Works independently on a range of complex tasks, which may include unique situations
  • Broader work or accountabilities may be assigned as needed
Desired Qualifications
  • Master level program - Data Science, Quantitative Math, Math/Stats
  • Coding in Python or any language/API to extract data/or automation/ data modeling
  • Automation machine learning, data modeling, dashboard building (Bayesian Stats , SAS is best over Python)
  • Financial engineering

BMO Financial Group provides a wide range of financial services, including personal banking, commercial banking, wealth management, and capital markets. In personal banking, BMO offers services like checking and savings accounts, credit cards, mortgages, and personal loans. For commercial banking, the company tailors financial solutions for various industries such as agriculture, real estate, and technology. Wealth management services include investment advice and retirement planning for both individuals and institutions. BMO's capital markets division provides investment banking, trading, and risk management services to corporate and government clients. Unlike many competitors, BMO focuses on a diverse client base, from individuals to large corporations, and aims to meet their unique financial needs through its comprehensive service offerings. The company's goal is to grow its business by leveraging its industry expertise and broad range of financial products.

Company Size

10,001+

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

1988

Simplify Jobs

Simplify's Take

What believers are saying

  • BMO's portal integration with QuickBooks enhances data sharing for SMB clients.
  • The new SMB banking team could leverage AI to improve customer satisfaction.
  • BMO's involvement in sustainability initiatives could attract environmentally conscious clients.

What critics are saying

  • Increased competition from fintech companies like Certn challenges BMO's traditional services.
  • Cloud-based platforms like FreshBooks may attract BMO's small business clients.
  • Digital stock trading platforms in Canada may reduce demand for BMO's investment services.

What makes Bank of Montreal unique

  • BMO offers a comprehensive range of financial services across North America.
  • The company has a strong presence in both Canada and the United States.
  • BMO's new SMB banking team focuses on supporting small businesses during the pandemic.

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Benefits

Health Insurance

Tuition Reimbursement

Accident and Life Insurance

401(k) Retirement Plan

Professional Development Budget

Hybrid Work Options

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