Winter 2027
Full Stack Engineer Intern Co-op
Data Cognition Team
Updated on 9/4/2026
Bank of Montreal
10,001+ employees
Personal, business banking and capital markets
Compensation Overview
CA$24.09 - CA$44.71/hr
Toronto, ON, Canada
In Person
Bachelor's, Master's
 Software Engineering (1) |
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- Currently enrolled in an undergraduate or non-MBA Master's program with a graduation date of December 2027, 2028, or 2029 in Computer Science, Mathematics, Physics, Statistics, Engineering, or a similar field, with a strong academic record.
- Be a Canadian citizen, permanent resident of Canada, or legally authorized to work in Canada without requiring future sponsorship.
- Be proficient in multiple programming languages and willing to learn new ones.
- Have strong experience with modern web development, object-oriented programming, and Agile methodologies.
- Be familiar with open-source technologies and modern data architectures.
- Be comfortable solving problems at scale and productionizing data pipelines.
- Have strong quantitative, technology, and finance skills.
- Design, develop, and maintain high-performance interactive web applications using modern front-end frameworks such as React.
- Create and enhance user-friendly web interfaces with appealing and intuitive user experience design.
- Develop and manage RESTful APIs and advanced reporting tools for capital market trading.
- Incorporate artificial intelligence and machine learning into developed solutions.
- Write clean, efficient code in modern programming languages such as Python, C#, and C++.
- Participate in code reviews, unit testing, and quality assurance activities.
- Deploy solutions in cloud environments and use virtualization techniques such as Docker.
- Make data accessible and implement automated extract, transform, and load processes.
- Work closely with cross-functional teams and business stakeholders to understand requirements and develop solutions.
- Enhance and support existing applications and systems.
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
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Simplify's Take
What believers are saying
- Q3 2026 adjusted net income rose 19% to $2.859 billion despite one-time charges.
- Credit losses fell to $722 million, with impaired provisions at a 10-quarter low.
- BMO's Moneris sale should add about 15 basis points to CET1 and fund redeployment.
What critics are saying
- FCAC fined BMO $4 million in February 2026 for charging 101,091 customers incorrectly.
- The Moneris sale and branch exits signal shrinking fee and deposit bases through early 2027.
- BMO faces fraud and negligence litigation in B.C. tied to alleged $867,000 transfers.
What makes Bank of Montreal unique
- BMO spans Canada and U.S., then narrows capital toward higher-return markets in 2026.
- Its capital markets, wealth, and commercial franchises produced record pre-provision earnings in Q3 2026.
- BMO keeps a strong 13.0% CET1 ratio while actively reshaping its portfolio.
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Benefits
Health Insurance
Tuition Reimbursement
Accident and Life Insurance
401(k) Retirement Plan
Professional Development Budget
Hybrid Work Options
Company News
Bank of Montreal has priced a USD 1 billion offering of Additional Tier 1 Limited Recourse Capital Notes, Series 7. The notes will carry a 7.375% annual interest rate, paid quarterly, until November 2036, after which the rate will reset every five years based on the 5-year US Treasury Rate plus 2.579%. The LRCNs will mature on 26 November 2086, with an expected closing date of 16 September 2026. BMO may redeem the notes, subject to regulatory approval, starting from November 2036 on any quarterly interest payment date with 10 to 60 days' notice. The proceeds will support general banking purposes and are expected to qualify as Additional Tier 1 capital for regulatory purposes. BMO Capital Markets, Barclays, Citigroup, Goldman Sachs, Morgan Stanley, and UBS are joint book-running managers for the offering.
BMO Financial Group has completed the sale of 138 branch locations to First-Citizens Bank & Trust Company. The branches are located across North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma, Idaho, and selected locations in Minnesota, Oregon and Illinois. Under the agreement, First-Citizens Bank acquired approximately $5.7bn in deposit liabilities and $1.1bn in loans. The deal, first announced in October last year, forms part of BMO's strategy to reallocate capital towards markets with stronger client engagement and growth prospects. BMO plans to expand its presence in Western US markets, adding over 130 new sites in California and about 15 in Arizona. This would increase its California footprint by more than 50%.
BMO recruits Wells Fargo executive Brent Reston as U.S. Chief Digital Officer. Published. August 31, 2026 Canadian banking giant BMO has recruited former Wells Fargo managing director Brent Reston as Chief Digital Officer for its U.S. division, putting him in charge of sweeping tech integration across newly consolidated regional operations. Reston steps into the role following the departure of former head of U.S. banking digital and technology Brianna Elsass, who recently concluded a decade-long tenure at BMO to join Wisconsin-based Associated Bank. Bringing deep industry experience, Reston previously led mobile app overhauls, deployed the Fargo AI virtual assistant, and launched digital lending products during his four years at Wells Fargo. His career background also features eight years driving client experience initiatives at Bank of America alongside five years handling corporate strategy at Merrill Lynch. As first reported by FinTech Futures, BMO U.S. President Aron Levine confirmed on LinkedIn that the executive will "play a key role in helping us accelerate our digital strategy and continue building exceptional experiences for our clients." The leadership hire coincides with a major physical restructuring, marked by BMO's pending transaction to offload 138 retail locations across the Midwest and Great Plains regions to First Citizens Bank by mid-2026. Capital generated from these regional branch sales will fund the rollout of 130 new physical branches in California and 15 locations in Arizona over the next five years, focusing expansion efforts on high-growth retail markets that currently generate over 40% of BMO's total corporate earnings.
BMO Financial Group reported third-quarter 2026 net income of $1,750 million, down 25% from $2,330 million year-over-year. Earnings per share fell to $2.38 from $3.14. The decrease was driven by a goodwill reduction charge related to the sale of BMO's Transportation and Vendor Finance businesses. Adjusted net income rose 19% to $2,859 million, with adjusted EPS increasing 22% to $3.96. Adjusted return on equity reached 14.0%, compared with 12.0% in the prior year. Provision for credit losses decreased to $722 million from $797 million. All business segments delivered record pre-provision pre-tax earnings, with growth in Capital Markets, Wealth Management, and commercial lending in Canada and the US. Year-to-date reported net income increased 7% to $6,869 million.
BMO adjusted profit climbs to $2.9 billion, up 19%. * BMO Financial Group (NYSE:BMO) reported Q3 2026 adjusted net income of $2.859 billion, up 19% year over year. * Reported net income declined 25% to $1.75 billion due to a $962 million after-tax goodwill-related charge. * BMO declared a Q4 2026 dividend of $1.71 per share and plans a new share repurchase program. BMO Financial Group (NYSE:BMO) reported third-quarter 2026 net income of $1.75 billion, down 25% year over year, while adjusted net income increased 19% to $2.859 billion after excluding a goodwill-related charge. The company's reported earnings were affected by a $962 million after-tax charge related to the announced sale of its Transportation and Vendor Finance businesses, while adjusted EPS increased 22% to $3.96 from the prior-year period. BMO reported earnings per share of $2.38, reported return on equity of 8.4%, and adjusted return on equity of 14%, while provisions for credit losses declined to $722 million from $797 million. The bank's Common Equity Tier 1 capital ratio was 13%, and BMO declared a fourth-quarter 2026 dividend of $1.71 per common share while repurchasing 3.8 million shares during the quarter. BMO stated that it intends to establish a new normal course issuer bid (NCIB) for up to 25 million shares, subject to regulatory and exchange approvals. BMO Financial Group provides banking, wealth management, and capital markets services across North America, with its latest results reflecting earnings growth across operating segments. Frequently asked questions. BMO signals