Commercial Banking Credit Analyst Internship, Summer 2022 - 10 Weeks
You are a great communicator, team player, self-motivated, detail-oriented, critical thinker with excellent analytical, a strong work ethic and relationship building skills.
Our Commercial Banking Credit Analyst Internship is an exciting opportunity for interns to learn about our Commercial Banking business and what it takes to achieve success as an Analyst.
As an intern student at BMO, you will have the opportunity to be heard, keep growing and make a difference. You will have the opportunity to participate in programs such as the BMO First Friend peer assignment, BMO Social Squad student-led activities, BMO U corporate learning platform and our Employee Resource Groups to further develop your network within BMO.
Job Descriptions:
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.
- Acts timely, efficiently and independently, taking ownership of client satisfaction.
- May include focused calling and pipeline management activities.
- Provides advice and guidance to assigned business/group on implementation of solutions.
- Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
- Conducts thorough analysis of client capital and credit risk.
- 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.
- Focus may be on a business/group.
- Thinks creatively and proposes new solutions.
- Exercises judgment to identify, diagnose, and solve problems within given rules.
- Works mostly independently.
- Broader work or accountabilities may be assigned as needed.
Qualifications:
- Typically between 3 – 5 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.
- Typically between 3 – 5 years of previous Commercial Loan and Credit analyst experience required; however as part of the BMO campus program, we are looking for motivated individuals with a strong desire to learn.
- Credit qualification required.
- In depth specific functional knowledge and broad business knowledge.
- Strong analytical skills.
- Exceptional skills in quantitative analytics and credit analysis skills.
- Highly developed written and oral communication skills.
- Strong proficiency in Microsoft Office products and the Internet.
- Strong interpersonal skills.
- Ability to work under limited supervision.
- Basic understanding of risk management concepts
- Ability to learn and adapt quickly.
- Excellent capability to independently and proactively service multiple clients.
- Specialized knowledge from education and/or business experience.
- Verbal & written communication skills - In-depth.
- Collaboration & team skills - In-depth.
- Analytical and problem solving skills - In-depth.
- Influence skills - In-depth.