Internship

Commercial Banking Credit Analyst Internship

Summer 2025, 4 Months, Toronto

Posted on 10/1/2024

Bank of Montreal

Bank of Montreal

10,001+ employees

Diversified financial services provider in North America

Fintech
Financial Services

Compensation Overview

$18.03 - $33.41Hourly

+ Commission + Performance-based incentives + Discretionary bonuses

No H1B Sponsorship

Toronto, ON, Canada

This role is located in Toronto. Must be actively seeking to work in Toronto as a Summer 2025 intern.

Category
Commercial Banking
Finance & Banking
Required Skills
Financial analysis
Requirements
  • Typically between 2 – 3 years of relevant experience and post-secondary degree in related field of study desirable or an equivalent combination of education and experience; however as part of the BMO campus program, we are looking for motivated individuals with a strong desire to learn.
  • Specialized knowledge.
  • Verbal & written communication skills - Good.
  • Organization skills - Good.
  • Collaboration & team skills - Good.
  • Analytical and problem solving skills - Good.
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.
  • Advises and recommend alternative means of financing for borrowers/prospects when it is determined that loan structure is not in the best interest of BMO.
  • Analyzes financial information, tax returns, credit bureau reports and other related materials.
  • 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.
  • Completes complex & diverse tasks within given rules/limits and may include handling escalations from other employees.
  • Analyzes issues and determines next steps.
  • Broader work or accountabilities may be assigned as needed.

BMO Financial Group offers a variety of financial services, including personal banking, commercial banking, wealth management, and capital markets. Their personal banking services include checking accounts, credit cards, and loans, while commercial banking provides tailored solutions for various industries. BMO stands out from competitors by leveraging its comprehensive service offerings and industry expertise to meet the unique needs of a diverse client base. The company's goal is to grow its business by effectively serving clients across North America.

Company Stage

IPO

Total Funding

N/A

Headquarters

Toronto, Canada

Founded

1988

Simplify Jobs

Simplify's Take

What believers are saying

  • BMO's partnership with QuickBooks enhances integrated financial management solutions for clients.
  • Involvement in the Priceless Planet Coalition boosts BMO's brand image among eco-conscious clients.
  • Digital banking trends in Canada offer BMO opportunities to expand its digital offerings.

What critics are saying

  • Competition from fintechs like Certn pressures BMO to innovate its service offerings.
  • SMB-focused platforms like FreshBooks challenge BMO's market share in small business services.
  • Preference for digital stock trading platforms may impact BMO's traditional brokerage 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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