Corporate Banking Summer 2027 Analyst - Leveraged Lending

Bank of Montreal•Chicago, IL

20h•$105,000

About The Position

BMO Capital Markets is a leading, full-service North American-based financial services provider offering equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading. BMO Capital Markets has over 2,800 professionals in 35 locations around the world, including 23 offices in North America. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$924 billion total assets and approximately 57,000 employees as of April 30, 2023. About Corporate Banking: Corporate Banking is an integral part of BMO Capital Markets’ Investment and Corporate Banking group which offers corporate, institutional and government clients a complete range of financial services, including lending, equity and debt capital raising, structured finance, M&A, treasury and market risk management services, research and institutional investing. Corporate Banking is responsible for the marketing, management and monitoring of the Bank's corporate loan portfolio, and also supports the credit requirements and cross selling efforts for other businesses including derivatives, foreign exchange, cash management, and trade finance. About Leveraged Lending: The Leveraged Lending team provides loans across industry sectors to support: (LBOs (“Leveraged Buyouts”), Acquisition financing, Dividend recapitalizations, General working capital needs). Specifically, Leveraged Lending works to receive Credit’s approval to hold (primarily unfunded) revolving credit facilities to support these financing structures. Leveraged Lending works alongside Sponsor / Industry Coverage, Leveraged Finance, and Credit to execute proposed financings. Financings are typically highly leveraged and more complex than traditional bank loans (which are originated to corporate borrowers). This is due to the involvement of private equity firms and the competitive nature of the LBO process. Client Base: Financial Sponsor-owned Portfolio Companies with > $50MM of EBITDA Summer Program Overview: The CB Summer Analyst program is designed for candidates between their second and third year of a undergraduate school. Summer analysts will gain valuable experience and exposure to a wide number of industries during the 10-week program. In addition to this on-the-job experience, the program includes the opportunity to network across various business groups, learn about the culture of BMO Capital Markets, participate in training and learning seminars, and obtain career guidance from dedicated mentors. This position is ideally suited to talented, highly motivated individuals who seek to build a solid, comprehensive foundation in the basic skills of corporate banking.

Requirements

Currently enrolled in an undergraduate business/accounting/finance program graduating in Dec. 2027 or Spring 2028
A preferred minimum GPA of 3.4/4.0
Strong interest in finance and banking
Demonstrated leadership in extracurricular activities
Strong financial analysis and modeling skills
Proficient in Word/Excel/PowerPoint
Strong communication skills both written and verbal
Detail oriented
Highly motivated, fast learning and able to work with limited supervision and adapt to frequent market, systems, and process changes
Outgoing and personable; team player able to work effectively in small groups
Knowledgeable in the principles of finance and the financial markets.
Legally authorized to work in the U.S. and will not require sponsorship in the future

Nice To Haves

Previous banking or credit risk management experience preferred

Responsibilities

Processing client requests (e.g. new credit facilities and extensions and/or amendments to existing credit facilities).
Completing annual / interim credit reviews.
Credit reviews include industry and financial analysis comprising of: operating performance, cash flow, leverage, coverage and liquidity, as well as capital-at-risk and other regulatory capital calculations.
Monitoring performance of portfolio companies against credit terms and conditions and identify changes in the financial condition of a client.
Preparing presentation materials and relationship profitability assessments, which involve liaising with other product and industry groups within BMO Capital Markets.
Performing other duties including industry and company-specific research, as well as ad hoc projects for senior professionals.