Associate, Commercial Banking (Financial Services Group)

BMO•Toronto, ON

1d•Onsite

About The Position

The selected candidate will join the Financial Services Group, part of Advisory Solutions within BMO Commercial Bank, Canada. The Group focuses on management and origination of banking relationships within the Financial Services sector, with a focus on senior debt financing opportunities with alternative lenders or long-term lessors as well as full banking relationships with select financial services firms and FinTechs. It assesses financing opportunities representing $10MM or more, both on a syndicated and bilateral basis, for both private and public companies in Canada. The Group is based in Toronto and has national coverage in the sector. The Associate will join the FSG team that is responsible for loan origination and account management of a growing portfolio of clients. The Associate will support account management in making approval recommendations as well as ongoing proactive independent monitoring of client portfolios and client financial performance. In addition, as part of an ongoing team approach, the Associate will work closely with various Corporate Finance representatives to best serve and manage our existing client relationships as well as grow the portfolio. The Associate will prepare credit packages to make recommendations regarding risk, deal structure, and client requirements by analyzing financial and operational data of new and existing clients.

Requirements

Master or MBA degree (finance / accounting, economics or related field) with a strong academic achievement or an undergraduate degree with 1-3 years of relevant experience.
Well developed analytical and quantitative skills with a focus on financial and accounting analysis, as well as data and statistical analysis.
Strong computer literacy and technical skills as it relates to basic Microsoft Office applications (Excel, Word, PowerPoint).
Excellent verbal & written communication skills.
Strong organizational and collaboration skills with the ability to prioritise work and manage multiple tasks while meeting time sensitive deadlines.

Nice To Haves

A CPA, CBV, CFA or other relevant professional designation or advanced degree, ongoing or completed, is an asset.

Responsibilities

Analyze financial information, agencies rating reports and other related materials.
Prepare transaction summaries, industry overviews and analyze companies from different industries within the financial services sector.
Provide accurate financial analysis and risk assessment of new and existing customers.
Monitors covenants and borrowing base certificates of clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreement.
Analyze credit information to support lending decisions for new, renewal and extension of loans, as well as to offer opinions regarding credit worthiness of existing or prospective clients.
Assist in negotiations of terms and conditions of loan agreements.
Help minimize BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions.
Build relationships with internal/external stakeholders.
Execute broader work or accountabilities depending on business needs.