Internship

Commercial Banking Credit Analyst Intern

Summer 2025, Minneapolis, MN

Posted on 9/4/2024

Bank of Montreal

Bank of Montreal

10,001+ employees

Diversified financial services provider in North America

Fintech
Financial Services

Compensation Overview

$25.38 - $47.31Hourly

+ Commission + Performance-based incentives + Discretionary bonuses + Other perks and rewards

Minneapolis, MN, USA

Category
Commercial Banking
Finance & Banking
Required Skills
Communications
Financial analysis
Data Analysis
Requirements
  • Typically between 3 – 5 years of relevant experience and post-secondary degree in related field of study OR an equivalent combination of education and experience.
  • Typically 3-5 years of previous Commercial Loan and Credit analyst experience required; however as part of the BMO campus program we are looking for motivated students with a strong desire to learn.
  • In depth specific functional knowledge and broad business knowledge.
  • Strong analytical skills.
  • Exceptional skills in quantitative analytics and credit analysis skills.
  • Highly developed written and oral communication skills.
  • Strong proficiency in Microsoft Office products and the Internet.
  • Strong interpersonal skills.
  • Ability to work under limited supervision.
  • Basic understanding of risk management concepts.
  • Ability to learn and adapt quickly.
  • Excellent capability to independently and proactively service multiple clients.
  • Specialized knowledge from education and/or business experience.
  • Verbal & written communication skills - In-depth.
  • Collaboration & team skills - In-depth.
  • Analytical and problem solving skills - In-depth.
  • Influence skills - In-depth.
Responsibilities
  • 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.
  • Acts timely, efficiently and independently, taking ownership of client satisfaction.
  • May include focused calling and pipeline management activities.
  • Provides advice and guidance to assigned business/group on implementation of solutions.
  • Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
  • Conducts thorough analysis of client capital and credit risk.
  • Provides accurate financial analysis and risk assessment of new and existing customers.
  • Partners with internal stakeholders for accurate, detailed client information.
  • Develops credit information to make lending decisions on new, renewal and extension loans.
  • Assists in negotiations of terms and conditions of all decisions made via phone and e-mail interaction with clients.
  • Prepares summary, present facts and offer opinions concerning credit worthiness.
  • Minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions.
  • Provides input into the planning and implementation of operational programs.
  • Builds effective relationships with internal/external stakeholders.
  • Focus may be on a business/group.
  • 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.

BMO Financial Group provides a variety of banking services to individuals, businesses, and commercial clients primarily in Canada and the United States. Their offerings include personal banking products like savings accounts, mortgages, and personal loans, as well as specialized services for businesses such as commercial loans and treasury management. BMO also operates in capital markets, providing investment banking, trading, and research services. What sets BMO apart from its competitors is its focus on tailored financial solutions that cater to the specific needs of different industries, including agriculture, technology, and real estate. The company's goal is to deliver comprehensive financial services that support the diverse needs of its clients while generating revenue through interest, fees, and commissions.

Company Stage

IPO

Total Funding

N/A

Headquarters

Toronto, Canada

Founded

1988

Simplify Jobs

Simplify's Take

What believers are saying

  • BMO benefits from increased demand for digital banking services.
  • The rise of sustainable finance creates opportunities for BMO's green financial products.
  • Fintech partnerships enable BMO to innovate and expand service offerings.

What critics are saying

  • Increased competition from fintech companies like Wealthsimple and Koho.
  • Rising interest rates could lead to higher default rates on loans.
  • The shift towards digital banking increases the risk of cyber threats.

What makes Bank of Montreal unique

  • BMO offers tailored financial services across diverse industries and client needs.
  • Strong presence in North America with operations in Canada and the United States.
  • BMO's wealth management division provides comprehensive investment advisory and asset management services.

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Benefits

Health Insurance

Tuition Reimbursement

Accident and Life Insurance

401(k) Retirement Plan

Professional Development Budget

Hybrid Work Options

INACTIVE