Bank of Montreal
Personal, business banking and capital markets
Commercial Banking Credit Analyst Intern Co-op
+ Commission + Performance-based incentives + Discretionary bonuses
Internship opportunities are available across various locations in Canada.
About the job
- Relevant experience in credit or lending instruments or financial operations in a corporate or banking environment is preferred.
- Foundational proficiency in financial analysis, loan structuring, data analysis tools, regulatory compliance, portfolio management, credit risk assessment, banking operations, Microsoft Office, problem solving, collaboration, detail orientation, and analytical thinking.
- Credit qualifications and associated credit knowledge and skills according to the credit portfolio requirements and qualification standards, if the position is credit-qualifiable.
- Analyze credit information to support lending decisions and processes for new and existing Commercial Banking loans and credit solutions in an assigned client portfolio.
- Make credit decisions and recommendations in compliance with bank policies and procedures while maintaining an exceptional client service environment.
- Perform financial analysis and calculations and make recommendations to the manager.
- Support portfolio monitoring and compliance, analyze metrics, and assess industry trends to identify risks and opportunities.
- Prepare detailed credit summaries to assess creditworthiness and support decision-making.
- Provide content and support for proposals and presentations to capture new business and expand client partnerships.
- Build and maintain client relationships in collaboration with the Relationship Manager and business partners.
- Structure and support new, renewal, and extension loans aligned with client needs and bank and risk policies.
- Conduct financial analysis and risk assessments of clients' credit information for an assigned portfolio.
- Monitor portfolio performance for assigned Commercial Banking clients and take corrective action when required.
- Minimize the bank's risk exposure by adhering to credit policies, regulatory standards, and operational guidelines.
- Serve as a point of contact for service requests, meet service expectations, and escalate issues when needed.
- Support and implement initiatives to enhance service quality, acquire new business, and expand client relationships.
- Identify revenue, cross-selling, and share-of-wallet opportunities to enhance portfolio growth.
- Use analysis tools to nurture and grow a portfolio that exceeds return-on-equity thresholds and proactively evaluate client returns.
- Enter data accurately and promptly into the bank's systems and use the data to support decision-making.
- Complete complex and diverse tasks within established rules and limits, including handling escalations from other employees.
- Analyze issues and determine next steps.
- Apply the Risk Management Framework and make risk-informed decisions aligned with business strategy, asset protection, policies, standards, procedures, laws, and regulations.
- Perform other broader work or accountabilities as assigned.
- Relevant experience in credit or lending instruments or financial operations in a corporate or banking environment.
About the company
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.
- BMO opened Brent Reston as U.S. chief digital officer on August 24, 2026.
- March 17, 2026 plans add 130 California centers and 15 Arizona locations.
What critics are saying
- Q3 2026 reported net income fell 25% after a $962 million goodwill charge.
- Selling 138 Midwest branches cuts deposits and weakens local relationships through 2027.
- A failed Bank of the West integration would trap BMO in low-return U.S. scale.
What makes Bank of Montreal unique
- BMO's Canada-U.S. platform spans commercial, wealth, and capital markets under one brand.
- September 22, 2026 tokenized deposits with Canada’s six biggest banks widen payment leadership.
- BMO's California buildout pairs branch density with advice-led banking and local teams.
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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
Big banks exploring Canadian dollar-based digital money with tokenized deposits. Daniel Johnson TORONTO - Canada's big banks are exploring the development of Canadian dollar-based digital money, starting with a tokenized deposits initiative. Tokenized deposits are traditional bank deposits recorded on a decentralized database or distributed ledger, such as a blockchain. The plan seeks to deliver faster, more efficient and programmable payments to Canadian customers while preserving safety, stability and effective regulatory oversight. It means Canadian dollars could be converted into tokens on blockchain for easier transfers, said Claire Célérier, Canada Research Chair in household finance at the University of Toronto's Rotman School of Management. "My understanding is that the six banks will share the same blockchain, and so it implies that transactions can be made instantaneously across wallets with tokens," she said. Bank of Montreal, CIBC, National Bank, Royal Bank, Scotiabank and TD Bank are taking a collaborative approach to the project. The tokens would be issued by commercial banks and from a legal perspective, depositors can treat them the same as traditional bank deposits. The banks say the first phase aims to move tokenized deposits between Canadian financial institutions. "It's really exploratory now. I think what they're saying is that they're willing to work together to develop the technology," Célérier said. She said the potential capabilities would be of particular benefit to large companies or institutional investors, allowing them to complete "more sophisticated transactions." "What I expect is that these tokenized dollars will be mostly used by large companies and so on who have accounts across these Canadian banks, and it will be used to move large amounts of money," she said. Cristian Bravo, professor and Canada Research Chair in banking and insurance analytics at Western University, said the potential change could allow large producers to settle accounts far faster than their typical 30-day window. "If you have an instant settlement, you're closing that gap and closing that inefficiency in the market. And the fact that you have the money when you fulfil the contract, that can help reduce dependency on working capital and mobilize that capital faster," he said. But Bravo said that due to the lack of historical examples, it is not clear how much of an effect the move could have on the bottom lines of companies or institutional investors that use it. Bravo said it is also notable that digital money is not the same as cryptocurrency, but rather a "digital ledger to move deposits in a very quick, instant way."
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St. Paul's Summit Brewing Company faces foreclosure. One of Minnesota's largest brewers could lose its St. Paul brewery to foreclosure after its lender sued them to collect more than $8 million worth of unpaid debt. In a lawsuit filed last week, BMO Bank alleges Summit Brewing Company missed a loan payment deadline at the end of last year. The bank then agreed to a forbearance period - holding off trying to collect the loan - until July 31. But BMO alleges in court filings that Summit indicated in a June letter that it still didn't have the ability to repay the loan, and that its "liquidity position and operational flexibility continue to deteriorate." BMO wants a judge to appoint a receiver who could "take possession of, manage, operate, and property" belonging to Summit, according to the lawsuit. In a statement to MPR News, Summit CEO Brandon Bland said they will continue to run their day-to-day operations during the proceedings, but he acknowledged the brewery is facing financial struggles. "Our Board and management team have made substantial efforts over many months to chart a different course for this company," Bland said. "This reflects the difficult capital environment the entire craft brewing industry is navigating, not a reflection of the strength of our brand, our people or our operating model." Summit said its company leaders have worked with outside advisors over the course of the last year to find alternative paths forward. "Despite these substantial efforts, the Company and BMO were unable to reach a resolution, and BMO has elected to proceed with the foreclosure action, including its request for the appointment of a general receiver," Summit said in the statement. Bland said they'll continue to look at every option available to them as the process moves forward. No court hearings have been scheduled in the case. Dear reader,. When our communities are navigating uncertainty, staying informed matters more than ever. At MPR News, we're committed to keeping Minnesotans informed and involved, curious and connected - and Minnesota Today is one way we do that. Getting these updates in your inbox helps you stay informed with trusted reporting and thoughtful context from across Minnesota.
Cannara Biotech has secured an $80 million syndicated credit facility with Bank of Montreal and The Toronto-Dominion Bank, marking a $30 million increase from its previous borrowing capacity of approximately $50 million. The Montreal-based cannabis producer will use the funds to refinance existing debt whilst providing additional liquidity for working capital and strategic investments. The restructured facility expands Cannara's revolving credit capacity from $10 million to $40 million and extends the maturity date from December 2027 to December 2029. BMO continues as administrative agent, with TD joining as co-lead arranger. The vertically integrated company operates two facilities in Québec spanning over 1.6 million square feet. Chief Executive Zohar Krivorot described the syndicated arrangement as a strong endorsement of the company's disciplined, profitable growth strategy.
Fortis Inc. announced on 9 September 2026 the pricing of a $1 billion public offering of junior subordinated notes maturing 30 March 2057. The issuance comprises two $500 million tranches with coupon rates of 6.625% and 6.875%. The St. John's, Newfoundland-based regulated electric and gas utility holding company plans to use net proceeds to repay maturing debt and support general corporate purposes. Closing is expected on 21 September 2026. The firm commitment offering is managed by a syndicate including Morgan Stanley, MUFG Securities Americas, Wells Fargo Securities, and BofA Securities as joint bookrunners. Fortis reported $12 billion in revenues in 2025 and held $79 billion in total assets as of 30 June 2026.