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Internship

Data Analytics and Reporting Analyst – Co-op/Internship

Fall 2024, 8 Months

Posted on 8/19/2024

Bank of Montreal

Bank of Montreal

10,001+ employees

Provides comprehensive banking services

Robotics & Automation
Consulting
Consumer Software
Enterprise Software
Fintech
Financial Services
Defense

Compensation Overview

$44.5k - $82.5kAnnually

+ Performance-based incentives + Bonuses

Toronto, ON, Canada

Category
Data Analysis
Data & Analytics
Required Skills
Data Analysis
Requirements
  • 3-5 years of relevant experience
  • Post-secondary degree in a related field of study or equivalent combination of education and experience
  • Knowledge of risk management metrics, KPIs, and KRIs
  • Knowledge of industry trends and regulatory requirements for risk reporting
  • Product knowledge for the designated business/portfolio
  • Knowledge of risk management theory, processes, and portfolio management reporting techniques
  • Knowledge of reporting & analytics concepts and applications
  • Knowledge of risk systems technology
  • Verbal & written communication skills - In-depth
  • Collaboration & team skills - In-depth
  • Analytical and problem-solving skills - In-depth
  • Influence skills - In-depth
Responsibilities
  • Support the execution of accurate and efficient reporting solutions for risk, regulatory, and management information
  • Design, develop, and implement reporting solutions to meet management and regulatory reporting requirements
  • Provide advice and guidance to assigned business/group on implementation of analytical and reporting solutions
  • Execute work to deliver timely, accurate, and efficient service for scheduled reporting production processes
  • Support the maintenance, monitoring, and measurement of key risk indicators to internal & external stakeholders
  • Analyse data and information to provide risk-related insights and recommendations for the assigned portfolio
  • Support the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate
  • Work with various data owners to discover and select available data sources from internal sources and external vendors
  • Ensure strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards
  • Analyze data and highlight significant information including variances, trends, opportunities, and exposures; escalate as required
  • Provide information and support the process for internal and external audits
  • Gather and format data into regular and ad-hoc reports, and dashboards
  • Support development and execution of strategic initiatives in collaboration with internal and external stakeholders
  • Build effective relationships with internal/external stakeholders
  • Support the maintenance of operational procedures and processes related to analytical and reporting processes
  • Support the development of tools and delivery of training focused on awareness and understanding of key data elements used in risk reporting
  • Participate in the design, implementation, and management of core business processes to ensure the accuracy of risk data used in reporting
  • Organize work information to ensure accuracy and completeness
  • Focus may be on a business/group
  • Think creatively and propose new solutions
  • Exercise judgment to identify, diagnose, and solve problems within given rules
  • Work mostly independently
  • Broader work or accountabilities may be assigned as needed

At BMO, banking is our personal commitment to helping people at every stage of their financial lives. The truth is, people’s needs change: so we change too. But we never change who we are. Which means we’ll never waiver from providing our customers the best possible banking experience in the industry. Our incredible team of over 46,000 people is just the tip of the iceberg. You should get to know us. We’re here to help. Our social media terms of use: https://www.bmo.com/socialmediatermsofuse

Company Stage

IPO

Total Funding

N/A

Headquarters

Toronto, Canada

Founded

1988

Growth & Insights
Headcount

6 month growth

7%

1 year growth

1%

2 year growth

7%
Simplify Jobs

Simplify's Take

What believers are saying

  • BMO's strategic initiatives, like the new SMB banking team, provide employees with opportunities to work on impactful projects that support small businesses.
  • The bank's focus on digital integration, such as the QuickBooks Online portal, positions it as a forward-thinking institution, attracting tech-savvy talent.
  • BMO's active participation in large-scale fundraising and investment activities offers employees exposure to high-profile financial operations and networking opportunities.

What critics are saying

  • The competitive landscape in banking, especially with digital-first banks, could pressure BMO to continuously innovate to retain its market position.
  • Focusing heavily on SMBs might limit BMO's growth potential in other lucrative banking sectors.

What makes Bank of Montreal unique

  • BMO's recent focus on SMBs, including the formation of a dedicated SMB banking team, sets it apart from larger banks that may not offer specialized support for small businesses.
  • The creation of a portal for seamless data sharing with QuickBooks Online highlights BMO's commitment to integrating modern financial tools for its clients.
  • BMO's involvement in significant fundraising efforts, such as the $39.9M for Georgian Alignment II Access Fund, showcases its strong position in capital markets.
INACTIVE