Actuarial Analyst, Winter 2027 (Co-op/Internship) - 4 months

BMO; Toronto; On-site; CAD 45,000 - 100,000; Part time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group is seeking a co-op/intern actuarial student based in Toronto, Ontario. The role supports regulatory and management reporting, extracts actuarial data, and collaborates with internal and external stakeholders to deliver insights.

The position emphasizes enrollment in the actuarial program with 3–4 exams completed, strong analytical and communication skills, and the ability to work independently. A competitive salary and benefits are provided as part of the campus program.

Qualifications

• Typically 1–4 years of relevant experience and a post-secondary degree or equivalent.
• Enrolled in the actuarial program and completed 3 to 4 exams.
• 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.

Responsibilities

• Execute calculations and analyses for regulatory and management reporting.
• Extract and compile actuarial data to ensure compliance with guidelines.
• Support strategic initiatives with internal and external stakeholders.
• Build effective relationships with stakeholders.
• Break down strategic problems and provide insights and recommendations.
• Assist with calculations for Appointed Actuary opinions.
• Review outputs from models used for the Appointed Actuary’s opinion.
• Review actuarial issues for signoff by the Appointed Actuary.
• Focus may be on a business/group.
• Think creatively and propose new solutions.
• Exercise judgment within given rules.
• Work mostly independently.

Skills

Verbal communication

Written communication

Collaboration

Analytical thinking

Problem solving

Influence

Education

Post-secondary degree in related field

Actuarial program with 3–4 exams completed

Job description

Application Deadline:

10/04/2026

Address:

250 Yonge Street

Job Family Group:

Customer Solutions

Additional Job Description

As a co-op/intern student at BMO, you will have the opportunity to be heard, keep growing and make a difference. You will be part of our campus program to gain the skills and knowledge needed to take on roles similar to the description listed below.

Our student experience is designed to integrate you to the BMO team from day one by adding value in the work you do.You will have the opportunity to participate in programs such as the Women in Banking Mentorship Program, BMO Social Squad student-led activities, BMO Academy learning platform and access to various Employee Resource Groups to further develop your network within BMO.

Interested in learning more about our campus program? Stay up-to-date with BMO Campus Recruitment by following us on Instagram @bmocanada | @bmo_us and joining our LinkedIn group BMO Campus Recruiting & Early Talent.

Note: Only students currently enrolled in an academic program and returning to their studies will be considered for Co-op/Internship opportunities. Student who recently graduated are invited to apply to our New Grad opportunities which are available at https://jobs.bmo.com/ca/en/new-grad

Executes the calculations and analysis required for regulatory and management reporting and provides support to the actuarial production of work. Extracts and compiles actuarial data to ensure that the investment and risk portfolio conforms to prescribed guidelines.

• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Breaks down strategic problems, and analyzes data and information to provide insights and recommendations.
• Assists with the calculations required for the opinion on the various Appointed Actuary legal responsibilities.
• Checks and reviews various outputs from models used as the basis for the Appointed Actuary’s opinion. Opinions are required for the value of actuarial liabilities held on the Balance Sheet, annual opinion on the ongoing solvency of BMO Insurance (DCAT Reports), quarterly regulatory capital calculations, and annual Participating Policyholder Bonus recommendations. All opinions are under detailed scrutiny by OSFI, BMO Insurance Boards of Directors, internal and external auditors.
• Reviews and analyzes actuarial issues for presentation to the Appointed Actuary for signoff. Includes review of new product initiatives, review of economic capital calculations, review of financial business plans and additional actuarial support for risk, legal, policyholder services and other areas.
• 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 1 - 4 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Enrolled in the actuarial program and completed 3 to 4 exams.
• 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.

Salary** :

$45,000.00 - $100,000.00

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

About Us

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.

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. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.