BMO Financial Group
Analyst, Global Markets Corporate Banking
BMO Financial Group, Chicago, Illinois, United States, 60290
BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets
Line of Business Overview:
Global Markets Corporate Banking supports Global Markets origination and structuring of trading and lending transactions, and coordinates with other product teams as an integral part of the Capital Markets organization. The Global Markets Corporate Banking team is responsible for completing credit due diligence in establishing and maintaining credit lines that are needed to facilitate trading, structured margin lending and securitization products, among others.
Job Description:
The Analyst will serve as a key member of the Global Markets Corporate Banking team responsible for underwriting, credit approval, and portfolio management of a diversified group of portfolios, but primarily focused on structured margin lending and securitization products. The Analyst will support Account Management by analyzing financial and operational data for trends of counterparties and industries, completing due diligence, credit memos, portfolio management responsibilities and other ad-hoc requests as required for current and prospective clients.
Primary Function and Responsibilities:
Credit Risk and Financial Analyses:
Use independent critical thinking to research and analyze financial and operating information relating to companies and industries, develop key risks and mitigants and supporting credit rationale using all available sources of information including, but not limited to financial statements, databases, Bloomberg, rating agency reports, legal documentation, etc.
Prepare concise, accurate and well-reasoned written credit applications and memoranda for both new and existing transactions for presentation to Credit.
Perform financial statement and transaction analysis using spreading software, risk rating software and proprietary modeling tools.
Assess financial soundness of counterparties including appropriate debt levels, debt service and repayment capabilities.
Analyze transactions for structural strengths and weaknesses and structure appropriately to mitigate weaknesses.
Review credit documentation for conformity with approved Credit terms and conditions.
Keep abreast of industry trends and regulatory developments.
Portfolio Management Support:
Assist Account Managers in managing a diverse portfolio of accounts. This includes:
underwriting new transactions.
completing annual and interim reviews on individual clients.
completing quarterly portfolio reviews.
continuous monitoring of transaction performance and financial performance of the underlying client and its respective industry.
assist in AML/KYC processing and obtain any required documentation.
Maintain current financial information on clients to perform timely annual and interim reviews, financial covenant monitoring, and internal trigger monitoring.
Assist Account Managers in development of presentations or ad-hoc portfolio updates for relevant credit or Global Markets partners.
Monitor daily valuation and loan-to-value calculations for Structured Margin Lending portfolio.
Knowledge of Bank policies and standards to ensure portfolio adheres to BMO’s policies and procedures.
Review and negotiation of legal documentation.
Partnership Efforts:
Liaise with Global Markets areas and with various lines of business and operational areas of the Bank as required.
Support Global Markets areas on portfolio management needs and growth initiatives of the business.
Assist in updating Financing Guidelines.
Involve in projects as required.
Education/Professional Experience:
An undergraduate degree with academic coursework in finance, economics, or accounting and an outstanding academic achievement.
0-3 years of relevant course work or experience within global markets, investment banking, corporate banking, corporate credit, commercial banking or capital markets.
Formal credit training, credit analysis experience and understanding preferred. Will provide Global Markets specific training.
Skills:
Knowledge of capital markets, investment banking products and applicable regulations.
Knowledge of organizational lending and portfolio management policies and objectives.
Excellent analytical skills to include business, financial, and credit analysis areas.
Strong written and oral communication skills.
Strong interpersonal skills used within a collaborative and demanding team environment.
Expertise in financial computer applications and database management tools including MS Excel, Moody’s, Capital IQ and Bloomberg.
Strong proficiency in other Microsoft Office products including MS Word and PowerPoint.
Self-starter with keen attention to detail, ability to work under limited supervision and willingness to meet tight deadlines.
Ability to be creative, insightful, and resourceful in performance of duties.
Strong ability to attentively review, assess, and provide detailed information daily on multiple projects in an organized manner.
Excellent capability to independently function as part of a team through self-motivation.
Proficient in building cash flow and other financial models is beneficial.
This role located in Chicago is a base salary of $90,000.00 - $100,000.00 USD
Salary:
Pay Type:
Salaried
The above represents BMO Financial Group’s pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
We’re here to help
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at https://jobs.bmo.com/us/en
BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
Line of Business Overview:
Global Markets Corporate Banking supports Global Markets origination and structuring of trading and lending transactions, and coordinates with other product teams as an integral part of the Capital Markets organization. The Global Markets Corporate Banking team is responsible for completing credit due diligence in establishing and maintaining credit lines that are needed to facilitate trading, structured margin lending and securitization products, among others.
Job Description:
The Analyst will serve as a key member of the Global Markets Corporate Banking team responsible for underwriting, credit approval, and portfolio management of a diversified group of portfolios, but primarily focused on structured margin lending and securitization products. The Analyst will support Account Management by analyzing financial and operational data for trends of counterparties and industries, completing due diligence, credit memos, portfolio management responsibilities and other ad-hoc requests as required for current and prospective clients.
Primary Function and Responsibilities:
Credit Risk and Financial Analyses:
Use independent critical thinking to research and analyze financial and operating information relating to companies and industries, develop key risks and mitigants and supporting credit rationale using all available sources of information including, but not limited to financial statements, databases, Bloomberg, rating agency reports, legal documentation, etc.
Prepare concise, accurate and well-reasoned written credit applications and memoranda for both new and existing transactions for presentation to Credit.
Perform financial statement and transaction analysis using spreading software, risk rating software and proprietary modeling tools.
Assess financial soundness of counterparties including appropriate debt levels, debt service and repayment capabilities.
Analyze transactions for structural strengths and weaknesses and structure appropriately to mitigate weaknesses.
Review credit documentation for conformity with approved Credit terms and conditions.
Keep abreast of industry trends and regulatory developments.
Portfolio Management Support:
Assist Account Managers in managing a diverse portfolio of accounts. This includes:
underwriting new transactions.
completing annual and interim reviews on individual clients.
completing quarterly portfolio reviews.
continuous monitoring of transaction performance and financial performance of the underlying client and its respective industry.
assist in AML/KYC processing and obtain any required documentation.
Maintain current financial information on clients to perform timely annual and interim reviews, financial covenant monitoring, and internal trigger monitoring.
Assist Account Managers in development of presentations or ad-hoc portfolio updates for relevant credit or Global Markets partners.
Monitor daily valuation and loan-to-value calculations for Structured Margin Lending portfolio.
Knowledge of Bank policies and standards to ensure portfolio adheres to BMO’s policies and procedures.
Review and negotiation of legal documentation.
Partnership Efforts:
Liaise with Global Markets areas and with various lines of business and operational areas of the Bank as required.
Support Global Markets areas on portfolio management needs and growth initiatives of the business.
Assist in updating Financing Guidelines.
Involve in projects as required.
Education/Professional Experience:
An undergraduate degree with academic coursework in finance, economics, or accounting and an outstanding academic achievement.
0-3 years of relevant course work or experience within global markets, investment banking, corporate banking, corporate credit, commercial banking or capital markets.
Formal credit training, credit analysis experience and understanding preferred. Will provide Global Markets specific training.
Skills:
Knowledge of capital markets, investment banking products and applicable regulations.
Knowledge of organizational lending and portfolio management policies and objectives.
Excellent analytical skills to include business, financial, and credit analysis areas.
Strong written and oral communication skills.
Strong interpersonal skills used within a collaborative and demanding team environment.
Expertise in financial computer applications and database management tools including MS Excel, Moody’s, Capital IQ and Bloomberg.
Strong proficiency in other Microsoft Office products including MS Word and PowerPoint.
Self-starter with keen attention to detail, ability to work under limited supervision and willingness to meet tight deadlines.
Ability to be creative, insightful, and resourceful in performance of duties.
Strong ability to attentively review, assess, and provide detailed information daily on multiple projects in an organized manner.
Excellent capability to independently function as part of a team through self-motivation.
Proficient in building cash flow and other financial models is beneficial.
This role located in Chicago is a base salary of $90,000.00 - $100,000.00 USD
Salary:
Pay Type:
Salaried
The above represents BMO Financial Group’s pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
We’re here to help
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at https://jobs.bmo.com/us/en
BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.