Credit Risk Analyst

BMO Insurance; Toronto; On-site; CAD 55,000 - 115,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Insurance is seeking a Credit Risk Analyst in Toronto, Canada, to support end-to-end underwriting, coordinate with stakeholders, and prepare high-quality credit memoranda for approvals. The role emphasizes financial analysis, documentation control, and governance across credit workflows.

The position requires 1-3 years in credit or related fields, strong Excel/Office skills, and a degree in finance or a related discipline. Join a team focused on portfolio growth and regulatory compliance.

Qualifications

• Undergraduate degree in Finance, Accounting, Economics, Business Administration, or a related discipline.
• 1-3 years of experience in commercial banking, credit analysis, underwriting, loan administration, risk management, or financial services.
• Exposure to commercial lending, corporate banking, private credit, or credit adjudication processes is preferred.

Responsibilities

• Support the underwriting of new credit names to support investments of fixed income products.
• Gather, organize, and analyze company information, financial information, ratings reports, and other due diligence information.
• Conduct preliminary credit analysis, including review of financial statements and borrower metrics.
• Draft and prepare comprehensive credit memoranda and approval packages for submission to Credit Risk.
• Coordinate with business partners to ensure information is obtained in a timely manner.
• Ensure accuracy and completeness of credit documentation.

Skills

Financial analysis

Analytical thinking

Stakeholder management

Effective communication

Education

Undergraduate finance/economics

Tools

Excel

PowerPoint

Word

Job description

The Credit Risk Analyst plays a critical role in supporting the end-to-end credit underwriting and approval process for new and existing credit names. The successful candidate will support the Credit Analysts in the CIO office, as well as work closely with Credit Risk Officers, Relationship Managers, Deal Specialists, and other teams to facilitate borrower onboarding, prepare high-quality credit memoranda, manage credit-related systems and documentation, and ensure timely completion of approval requirements for credit facilities. This role requires strong analytical skills, attention to detail, and the ability to coordinate across multiple stakeholders to support effective credit decision-making and portfolio growth.

Key Responsibilities

• Support the underwriting of new credit names to support the investments of fixed income products, mainly public bonds.
• Gather, organize, and analyze company information, financial information, ratings reports, and other due diligence information required for credit assessments.
• Conduct preliminary credit analysis, including review of financial statements, industry information, borrower credit metrics, and credit risk assessment.
• Assist in identifying key risks, mitigants, for credit facilities.
• Coordinate with business partners to ensure all required information is obtained in a timely manner.
• Draft and prepare comprehensive credit memoranda and approval packages for submission to Credit Risk.
• Ensure accuracy, consistency, and completeness of credit documentation.
• Incorporate feedback from relationship teams and credit adjudicators into final approval packages.

System and Workflow Management

• Manage required data entry and maintenance across credit and loan origination systems.
• Facilitate borrower setup and credit facility configuration within internal platforms.
• Ensure all system records align with credit approval documents and supporting analysis.
• Ensure alignment of credit package with all internal credit policies, including risk rating methodology and internal limits.
• Upload, maintain, and organize supporting documentation in document management systems.
• Monitor workflow status and follow up on outstanding actions required for credit approval.
• Monitor timeline of and prepare annual reviews of existing credit facilities.
• Be the point of contact for operational and system issues relating to credit risk underwriting.

Credit Approval Coordination

• Coordinate the submission of credit requests to Credit Risk.
• Track credit approval progress and manage communication between business teams and credit adjudicators.
• Respond to information requests and approval conditions raised during the adjudication process.

Process Improvement and Governance

• Support adherence to credit policies, procedures, and regulatory requirements.
• Maintain strong controls over data quality and document integrity.
• Identify opportunities to improve efficiency in underwriting, onboarding, and approval workflows.
• Assist with portfolio reporting, audits, and ongoing credit administration activities as required.

Qualifications

Education

• Undergraduate degree in Finance, Accounting, Economics, Business Administration, or a related discipline.

Experience

• 1-3 years of experience in commercial banking, credit analysis, underwriting, loan administration, risk management, or financial services.
• Exposure to commercial lending, corporate banking, private credit, or credit adjudication processes is preferred.

Technical Skills

• Strong financial statement analysis and credit assessment skills.
• Experience preparing credit applications, credit memoranda, or lending approval packages.
• Proficiency in Microsoft Excel, PowerPoint, and Word.
• Experience working with credit workflow, loan origination, documentation, or portfolio management systems is an asset.
• Strong attention to detail and ability to manage multiple priorities simultaneously.

Competencies

• Strong analytical and problem-solving skills.
• Excellent written and verbal communication abilities.
• Ability to work effectively in a fast-paced, deadline-driven environment.
• Strong organizational and stakeholder management skills.
• High degree of accountability and attention to accuracy.

Salary

$55,000.00 - $115,000.00

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.

• health insurance
• tuition reimbursement
• accident and life insurance
• retirement savings plans

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.

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

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.