Associate, Corporate Banking Leveraged Lending- Chicago

BMO•Chicago, IL

1d•$150,000

About The Position

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets Line of Business Overview The Leveraged Lending group within Corporate Banking underwrites and manages the firm’s private equity backed syndicated loan and direct lending portfolio. The team supports both our product and coverage partners by allocating capital to both revolver and term loan holds in syndicated private equity backed transactions. Leveraged Lending is involved all aspects of an underwriting and manages the credit and corporate banking coverage post deal closing. Leveraged Lending also participates in direct lending transactions and commits capital to the entire capital structures including Unitranche Term Loans, Delayed Draw Term Loans, and 2nd Lien Term Loans. Job Description The associate will serve as a key member of the deal team in the underwriting, credit approval, and portfolio management of Financial Sponsor backed transactions, supporting the deal team by analyzing financial and operating data for trends in financial performance of companies and industries. The Associate will be involved in the initial screening of transactions, due diligence, credit approval, and negotiation of legal documentation. The Associate will help assess BMO’s hold appetite across revolvers and term loans in both syndicated and direct transactions. Experienced Associates will participate in client pitches to help support cross-selling opportunities for hedging and other traditional corporate banking products. Key Dimensions New Underwritings: 60% Portfolio Management: 40%

Requirements

An undergraduate degree with academic coursework in finance, economics, or accounting and an outstanding academic achievement
2 - 4 years of relevant experience within investment banking, corporate banking, corporate credit, or capital markets.
Excellent analytical skills to include business, financial, and credit analysis areas
Skilled in building complex LBO financial models
Strong written and oral communication skills
Strong proficiency in Microsoft Office products, notably MS Excel
Ability to be creative, insightful and resourceful in performance of duties
Strong interpersonal skills used within a demanding team environment
Strong ability to attentively review, assess, and provide detailed information daily on multiple projects in an organized manner
Excellent capability to independently function as part of a team through self-motivation

Nice To Haves

Leveraged Finance experience is preferred.
Completion of a financial analysis credit training program preferable

Responsibilities

Digest comprehensive data rooms and use critical thinking to pull out and analyze key files
Work across groups to compile diligence lists; lead diligence calls with financial sponsors as well as with company management teams
Collaborate with colleagues on different teams (Leveraged Finance; Industry Coverage; Sponsor Coverage) on materials for committee meetings attended by senior leaders across the bank
Create LBO Models based off Management / Sponsor projection models to use in Credit Memos
Use independent critical thinking skills to analyze and sensitize financial models, develop risks and mitigants, business strengths, and credit rationale for completing a transaction
Complete risk / return models for new deals
Address questions from the Investment Committee and Credit team to support new transactions
Review and monitor Borrowers’ financial statements for potential changes which may affect the Borrower’s performance through detailed review of quarterly financial statements, participation in quarterly lender calls, and ongoing dialogue with sponsor/management teams
Prepare concise credit analysis and other correspondence on a quarterly basis for certain Borrowers, and on an annual basis for all Borrowers
Assess Borrowers’ internal risk rating on a regular basis based on their financial performance and changes to the qualitative aspects of the business
Conduct ongoing analysis of amount of allocated capital and credit risk
Evaluate opportunities for new business (ancillary products such as FX and interest rate hedging and cash management) with existing Borrowers
Conduct analysis and comprehensive review of industry trends and comparable transactions in the industry