BMO Financial Group Corporate Banking Analyst – Trading Products in Chicago, Illinois
The Analyst will be responsible for a diversified portfolio of clients as it relates to the Capital Markets - Trading Products activities of the Enterprise. This entails account management responsibility, as well as the ongoing independent monitoring of client portfolios of their performance in a proactive manner. (E.g. Portfolios consist of Asset Backed Securities, Mortgage Originators, Trading Structured Products, and Trading Product’s Metal Clients). In addition, as part of an ongoing team approach, the Analyst will work closely with Capital Markets - Trading Products to best serve and manage our existing client relationships as well as grow the portfolio. This
The Analyst will support the Account Management team in making recommendations regarding risk, deal structure, client requirements, and by analyzing financial and operating data for trends in financial performance of companies and industries. As part of an on-going team approach, the Analyst will complete due diligence and credit analysis on current and prospective clients. The Analyst will further support the Account Managers in a variety of other portfolio management needs for the business.
KEY AREAS OF ACCOUNTABILITY
A. Credit Risk and Financial Analyses 45
B. Portfolio Management Support 45
C. Treasury and Credit Documentation 10
A. Credit Risk and Financial Analyses
Research and analyze financial and operating information relating to companies and industries.
Prepare concise, accurate and well-reasoned written credit applications and memoranda for both new and existing transactions, for presentation to Credit.
Maintain current financial information on clients in order to perform timely annual reviews and trigger monitoring.
Perform Financial Statement analysis including completion of spreading software (MRA) as well as performing analytics for transactions, including collateral analysis and historical performance data preparation and analysis.
Conduct credit risk analysis of transactions using all available sources of information including, but not limited to financial statements, legal documentation, etc.
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.
B. Portfolio Management Support
Manage a diverse portfolio of accounts. This includes: i) preparing written concise credit reviews as needed, at least annually, delivering same within required timeframes, and ii) continuous monitoring of transaction performance and financial performance of the underlying client and its respective industry.
Provide analytical findings to Account Management team including input on credit risks and related mitigants.
Support Account Managers with portfolio management needs for the business.
Support Trading Desks on portfolio management needs for the business.
Participate in decision making with clients and internal product group partners.
Expert knowledge of Bank policies and standards to ensure portfolio adheres to BMO’s policies and procedures.
Review and negotiation of various treasury documentation including, but not limited to, ISDAs, CSAs, MSFTAs, Master Repo Agreements.
Monitor exposure across different BMO lenders and products.
Assist in AML/KYC processing and obtain any pending required documentation.
C. Partnership Efforts
Liaise with Trading Products areas and with various lines of business and operational areas of the Bank as required.
Support trading desks on portfolio management needs and growth initiatives of the business.
Assist in updating Financing Guidelines.
Involve in projects as required.
An undergraduate degree with outstanding academic achievement. Specific academic coursework in finance, economics, or accounting.
2-3 years of corporate banking experience in a corporate lending environment; formal credit training preferred.
Credit analysis experience/understanding.
Knowledge of capital markets, investment banking products and applicable regulations.
Knowledge of organizational lending and portfolio management policies and objectives.
Relevant experience for analysts hired into 2nd or 3rd year slots.
Typically analysts maintain this role for 1-3 years before advancement to the next level.
Excellent analytical skills to include business, financial, and credit analysis areas.
Highly developed 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 and ability to work under limited supervision.
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.
We’re here to help
At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.
As a member of the BMO Harris Bank 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://bmoharriscareers.com.
BMO Harris Bank 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 Harris Bank is an Equal Opportunity Employer for all, inclusive of Minorities, Women, Veterans, and Persons with Disabilities