Credit Risk Analyst

BMO U.S.; 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 Financial Group in Canada is seeking a Credit Risk Analyst to support end-to-end underwriting and approval processes for new and existing credit facilities. You will assist Credit Analysts in CIO office and collaborate with Risk Officers, Relationship Managers, and Deal Specialists to prepare memoranda and ensure timely approvals.

You will manage data across credit systems, help with borrower onboarding, and ensure documentation accuracy.

Qualifications

• Undergraduate degree in Finance, Accounting, Economics, or 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

• Credit Underwriting Support and Credit Memorandum Preparation.
• Support the underwriting of new credit names to support the investments of fixed income products.
• 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.
• 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.
• 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.
• 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.

Skills

Credit risk assessment

Financial statement analysis

Stakeholder coordination

Microsoft Excel

Credit underwriting support

Education

Undergraduate degree in Finance, Accounting, Economics, or Business Administration

Tools

Credit workflow systems

Document management systems

PowerPoint

Word

Job description

Application Deadline: 10/12/2026 Address: 250 Yonge Street Job Family Group: Customer Solutions #bmoinsurance

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

• Credit Underwriting Support and Credit Memorandum Preparation
• 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.

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• 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. 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. BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good.

Who we are

We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.