Associate, Global Markets Corporate Banking

BMO Harris Bank; Chicago (IL); On-site; USD 135,000 - 165,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Capital Markets is seeking an Associate in the Securitization, Structured Margin Loan and Private Credit Financing Group within Global Markets Corporate Banking in Chicago. The role focuses on underwriting, portfolio management, and reporting of Private Credit Financing Facilities, and on making approval recommendations in line with Bank Policies and Procedures.

You will support Account Management in due diligence, credit analysis, and ongoing portfolio management, collaborating with senior

Qualifications

• Strong financial analysis and understanding of risk management concepts.
• Experience with lending and derivative products.
• Completion of a financial analysis training program preferable.

Responsibilities

• Perform due diligence, credit analysis, and underwriting in support of Private Credit Financing Team.
• Review and monitor facility and asset-level financial statements for borrower performance.
• Prepare quarterly portfolio reviews and concise credit analyses for senior stakeholders.
• Produce facility and portfolio-level reporting and ensure adherence to policies.

Skills

Financial analysis

Cash flow modeling

Excel & PowerPoint

Written & oral communication

Teamwork

Self-motivation

Multi-project review

Education

Finance/economics/accounting degree

MBA or CFA (asset)

Tools

MS Office

Job description

Overview

BMO Capital Markets is a leading, full-service financial services provider offering corporate and investment banking, treasury management, and research and advisory services to clients worldwide. This role is for an Associate in the Securitization, Structured Margin Loan and Private Credit Financing Group within Global Markets Corporate Banking. The position focuses on supporting Account Management with underwriting, portfolio management, and reporting of Private Credit Financing Facilities, and on making approval recommendations in accordance with sound credit-granting principles and Bank Policies & Procedures. The Associate will further support Account Management in a variety of other portfolio management responsibilities.

Key Dimensions

• New Underwritings: 50%
• Portfolio Management: 50%

Primary Responsibilities

• In conjunction with Account Management, complete due diligence, credit analysis, transaction underwriting, credit approval, legal document negotiation, and ongoing portfolio management in support of the Private Credit Financing Team. This includes the primary financing facility and analysis of the individual assets within the financed portfolio.
• Review and monitor primary facility and asset-level financial statements for potential changes affecting Borrower performance through detailed review of quarterly financial statements, lender calls, and ongoing dialogue with sponsor/management teams.
• Prepare quarterly portfolio reviews including analyzing historical and projected financial performance, industry trends, and macroeconomic analysis in conjunction with Account Management for presentation to senior Global Markets and Risk professionals.
• Prepare concise credit analysis and other correspondence on an annual or more frequent basis for all Borrowers.
• Assess Borrowers' internal risk rating on a regular basis based on changes to quantitative and qualitative aspects of the individual assets within the financed portfolios.
• Prepare regular facility and portfolio-level reporting for Account Management, senior leadership, business partners in Global Markets and Credit Risk.
• Maintain accurate documentation and ensure adherence to prescribed policies and procedures and overall safety of Bank's financing position.
• Integrate information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
• Collaborate with specialists as needed to support successful deal completion.
• Broader work or accountabilities may be assigned as needed.

Qualifications

• Minimum of 3 years of relevant experience, including private credit, banking, public accounting, investment banking and valuations; and a post-secondary degree in a related field or an equivalent combination of education and experience.
• Undergraduate degree with finance, economics, or accounting focus preferred; MBA or CFA is an asset.
• Completion of a financial analysis credit training program preferable.
• Experience with lending and derivative products.
• Ability to periodically travel to client meetings and industry conferences.
• Typically, Associates sustain this role for 2-5 years before becoming eligible for promotion.

Skills

• Excellent analytical skills including business, financial, and credit analysis; strong understanding of risk management concepts.
• Skilled in building complex financial and capital models.
• Proficient in building cash flow modeling.
• Strong written and oral communication skills.
• Strong proficiency in Microsoft Office, notably Excel and PowerPoint.
• Creative, insightful, and resourceful in performance of duties.
• Strong interpersonal skills in a demanding team environment.
• Ability to review, assess, and provide detailed information daily on multiple projects in an organized manner.
• Ability to work effectively as part of a team through self-motivation.

Salary and Benefits

The salary range for this role is $135,000 up to $165,000 USD (subject to the candidate meeting specific skills, experience, education, and qualification requirements). Pay type is Salaried. Salaries will vary based on location, skills, experience, education, and qualifications for the role, and may include a commission structure. For part-time roles, salaries are pro-rated based on hours worked. For commission roles, the listed salary represents the target for the first year in this position. The total compensation package may include performance-based incentives, discretionary bonuses, and other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. We strive to help you make an impact from day one—for yourself and our customers—and to grow and develop through training, coaching, and network-building opportunities.

EEO and Accommodations

BMO is an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, veteran status, disability, or other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable laws. We are committed to providing reasonable accommodations to individuals with disabilities. If you need an accommodation, please contact [e-mail] with the nature of your request and your contact information.