Business Analyst, Corporate Banking

BMO; Toronto; On-site; CAD 45,000 - 85,000; Full time

Job summary

A major financial institution in Toronto seeks a Business Analyst, Corporate Banking to support the Corporate Bankers and manage portfolio activities. Responsibilities include operational functions like client onboarding and portfolio maintenance, with a focus on compliance and risk management. Ideal candidates should have a relevant bachelor's degree and 1-2 years experience. A highly professional demeanor and the ability to handle multiple tasks are essential. Offers competitive salary and extensive benefits.

Benefits

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Qualifications

• 1-2 years related work experience.
• Understanding of accounting principles and various types of financial statements.

Responsibilities

• Support corporate banking lending line of business.
• Assist Corporate Bankers with key business processes.
• Monitor portfolio data and coordinate timely processes.

Skills

Strong attention to detail

Ability to handle multiple priorities

Collaborative relationship orientation

Organized and systematic approach

Analytical skills

Ability to work independently

Proficient in multiple PC software applications

High level of professionalism

Education

Bachelor’s degree in business/business administration

Job description

Overview

Base Salary Range: $65K – 85K CAD

The purpose of this role is to support the I&CB Corporate Banking lending line of business’ ability to execute the 1st line of defense accountability for portfolio and risk management activities, and for the efficient functioning of the LOB. As an integral part of the team, the Business Analyst, Corporate Banking assists the Corporate Bankers by taking responsibility for the operation of certain key business processes, and by responding effectively to customer and banker requests. Responsibilities include operational functions such as client onboarding and portfolio maintenance activities. Responsibilities may include support for certain cash management-related activities. The allocation and type of functions depends on the needs of the individual group. The individual will be supporting the Global Natural Resources team (Energy, Energy Transition, and Power, Utilities & Infrastructure), and will be supporting bankers located in Toronto, New York, Calgary and Houston.

Qualifications

• Bachelor’s degree in business/business administration or other equivalent post-secondary diploma with 1- 2 years related work experience
• Understanding of accounting principles and various types of financial statements

Skills

• Strong attention to detail, and a high degree of accuracy
• Ability to handle multiple priorities in a deadline environment
• A collaborative, team and relationship orientation with Corporate Bankers, and with colleagues on other teams
• An organized and systematic approach to work
• Analytical and problem solving skills
• Ability to work independently and take ownership of personal performance and development
• Ability to utilize multiple PC software applications
• A high level of professionalism

Key Accountabilities

Portfolio Activity and Maintenance

• Monitor and track quarterly and monthly covenant and trigger processes for on time completion. Manage portfolio data across deal sites and engage with teams to coordinate timely covenant and trigger monitoring. Print status report mid-month and communicate with Bankers in advance of 30 day grace period.
• Manage legal documentation and compliance exceptions with Banker and client
• Monitoring and disseminating external rating agency reports for borrowers across the portfolio
• Maintain external ratings (S&P, Moody’s, DBRS, Fitch) and EDF databases used for monthly trigger monitoring
• Complete other portfolio monitoring (e.g. track rating alert due dates, etc.) as required by or unique to individual Corporate Banking teams
• Special projects as needed (i.e. team training, remediation and other one off requests)

Risk Management & Control

• Within the mandate of this role, promote, adhere and support the Bank’s risk culture; lead by example.
• Within the mandate of this role, maintain internal controls to support management decision-making that protects our assets and adheres to applicable corporate policies, operating directives, laws and regulations (including risk, compliance, and AML).

AML/UEN/Client Onboarding Requests

• Initiate UEN requests for new deal set-up. Interface with the Client Onboarding (COB) group
• Initial review of AML checklists, track changes and coordinate completion of annual reviews. BA will review AML analyst changes and ensure checklist is correct before sending to banker for approval.

Authorities

• Provides advice and guidance to the bankers on standard operating procedures and adherence to corporate guidelines
• Requests information and action from operational support groups

Scope & Impact

• Provides support for the substantial Corporate Banking I&CB & Trading Products portfolios including multiple priority relationships and major cash management clients
• Maintains individual and process efficiency, productivity and quality
• Performs all responsibilities according to established service levels and procedures/guidelines
• Ensures client satisfaction through a high level of customer service and professionalism, adhering to policies and procedures

Salary: $45,500.00 - $84,500.00

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’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. We’ll help you gain valuable experience, and broaden your skillset, from in-depth training and coaching, to manager support and network-building opportunities.

To find out more visit us at https://jobs.bmo.com/ca/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. 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.