03/12/2024
Address:
100 King Street West
Capital Mrkts Sales & Service
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.
We are committed to providing undergraduate students with opportunities to learn, grow and contribute to our diverse and inclusive culture. BMO’s Zero Barriers to Inclusion 2025 is a multi-year strategy focusing on providing access and opportunities both inside and outside the bank.
Driven by our Purpose to Boldly Grow the Good in business and life, we are removing barriers and building an inclusive society through equity, equality and inclusion. This scholarship rewards exceptional undergraduate students who are interested in pursuing a career in Capital Markets.
- Scholarship recipients receive an offer of paid employment for a 2025 15-week Summer Analyst intern position at BMO Capital Markets in Toronto, Montreal, Calgary or Vancouver
- Recipients will be paired with a Capital Markets professional to provide coaching and mentorship throughout their internship
- Students receive formal and on-the-job training, opportunities to network and collaborate with other student interns, and access to ongoing professional development throughout their internship
- Successful recipients of a $10,000.00 (CAD) scholarship award will receive their award via payment to their school's financial aid office, to be applied to their tuition.
What roles are available?
- Investment Banking Summer Analyst
- Corporate Banking Summer Analyst
- Global Markets Summer Analyst
- Global Markets Quantitative Summer Analyst
What’s in it for you?
- Summer Analysts start the internship by completing a one-week training and orientation program
- During the next 15 weeks, in addition to on-the-job experience in your assigned business group, you will participate in professional development sessions and events throughout the summer
- Beyond the on-the-job experience, you will have opportunities to network across various business groups, learn about BMO Capital Markets culture, participate in learning seminars, get feedback, and receive coaching and career guidance from mentors while broadening your skills
- Upon successful completion of this internship, you may receive a full-time offer from BMO Capital Markets
Eligibility criteria:
- You are a student at an accredited Canadian Post Secondary Institution/University, currently enrolled in an undergraduate program with a graduation date of December 2025 or Spring 2026
- You self-identify with the following: Women, Black community, Indigenous (First Nations, Inuit, Métis) persons of Canada, People of Colour, 2SLGBTQ+ community and Persons with Disabilities.
- You are available to work full-time from May-August 2025
- You have a minimum GPA of 3.0/4.0
- You are involved in diverse extra-curricular activities and community organizations
- You are a Canadian citizen, permanent resident of Canada, or an individual who is legally authorized to work in Canada and will not require sponsorship in the future
- You are not already receiving 100% tuition coverage from other sources and must have a current unmet need of $10,000 CAD or more.
Application requirements:
Please submit the following three items as a single PDF file and submit under the Resume section of the online application.
- One-page resume
- Cover letter including:
- Summer Analyst role of interest (Investment Banking, Corporate Banking Analyst, Global Markets Generalist or Global Markets Quantitative)
- Location preference: Toronto, Montreal, Vancouver, or Calgary
- Unofficial Transcript
Timeline and selection process
- Application deadline: March 14, 2024
- Shortlisted candidates will be notified and invited to virtually interview beginning in March 2024
- First and final round interviews will take place in March. Scholarship recipients will be notified and announced upon conclusion of all final round interviews
Corporate Banking Overview:
The CB Summer Analyst program is designed for candidates between their second and third year of an undergraduate school. Summer analysts will gain valuable experience and exposure to a wide number of industries during the 15-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.
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.
Qualifications:
- Currently enrolled in an undergraduate business/accounting/finance program graduating in December 2025 or Spring 2026
- GPA of 3.0/4/0
- 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. Comfortable working in a fast-paced environment.
- Previous banking or credit risk management experience preferred.
- You are a Canadian citizen, permanent resident of Canada, or an individual who is legally authorized to work in Canada and will not require sponsorship in the future
Please note the salary for this specific position is $90,000.
Compensation and Benefits:
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. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
We’re here to help
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.
