100 King Street West
Job Family Group:
Capital Mrkts Sales & Service
The Analyst will be part of a Global Markets Securitization Corporate Banking team that is responsible for Account Management of securitization and other structured finance transactions in a wide variety of asset classes including, but not limited to, auto, equipment, student loan, credit card, consumer installment loans, in addition to CMBS and RMBS, for both US and Canadian clients. The Analyst will support Account Management in making approval recommendations regarding deal structure and exposure amounts and complete due diligence and credit analysis on new prospective transactions and ongoing management of existing warehouse facilities. The Analyst will further support Account Management in a variety of other portfolio management responsibilities.
KEY AREAS OF ACCOUNTABILITY
Client Relationship Management 10 %
C apital and Credit Risk Analysis 45 %
Portfolio Management Support 35 %
Partnership Efforts 10 %
Client Relationship Management
Assist in structuring and underwriting new securitizations.
Participate in deal teams to negotiate documentation for securitizations.
Perform activities in line with Analyst role and business initiatives that will increase knowledge and experience and work toward gaining increased scope of ownership of relationships.
Identify investment and corporate banking solutions for securitization clients.
Work closely with partners in Investment Banking/ABS Originations to identify investment and corporate banking solutions for securitization clients
Capital and Credit Risk Analysis
Conduct credit risk analysis of securitization transactions using all available sources of information including servicer reports, cash flow models, financial statements, servicer audits, and legal documentation.
Prepare concise, accurate and well-reasoned written credit analysis for both new and existing transactions.
Conduct due diligence that includes on-site client visits and conference calls, analysis of business models, and comprehensive review of industry trends and related regulations.
Fundamental knowledge of the Bank’s capital and risk rating securitization model. Utilized for credit risk analysis as well as a tool to optimize securitization structures.
Research and analyze financial and operating information relating to companies and industries.
Prepare concise, accurate and well-reasoned written credit applications and memoranda for both new and existing transactions for presentation to Credit.
Perform financial statement analysis including completion of spreading software (MRA).
Assess financial soundness of counterparties and underlying securitization assets including appropriate debt levels, debt service, historic performance and repayment capabilities.
Analyze transactions for structural strengths and weaknesses and structure appropriately to mitigate weaknesses.
Review credit documentation for conformity with approved Credit terms and conditions.
Keep abreast of industry trends and regulatory developments.
Portfolio Management Support
Assist Account Managers in managing a diverse portfolio of accounts. This includes: i) preparing written concise credit reviews as needed, at least annually, delivering same within required timeframes, and ii) continuous monitoring of transaction performance and financial performance of the underlying client and its respective industry.
Provide analytical findings to Account Management team including input on credit risks and related mitigants.
Maintain current financial information on clients and Securitization transactions in order to perform timely annual reviews, financial covenants, and internal trigger monitoring.
Support Account Managers with portfolio management needs for the business.
Participate in decision making with clients and internal product group partners.
Expert knowledge of Bank policies and standards to ensure portfolio adheres to BMO’s policies and procedures, especially as they pertain to the Securitization product.
Review and negotiation of legal documentation.
Monitor exposure across different BMO clients and products.
Assist in AML/KYC processing and obtain any pending required documentation.
D. Partnership Efforts
- Liaise with Global Markets areas and with various lines of business and operational areas of the Bank as required.
- Partner with Relationship Management staff for accurate, detailed client information.
- Support Global Markets areas on portfolio management needs and growth initiatives of the business.
- Assist in updating Financing Guidelines.
- Involve in projects as required
An undergraduate degree with outstanding academic achievement. Specific academic coursework in finance, economics, or accounting.
Relevant experience for analysts in similar roles; formal credit training preferred. 0-3 years of experience.
Relevant experience for analysts hired into 2nd or 3rd year slots.
Typically, Analysts maintain this role for 1-3 years before advancement to the next level.
Credit analysis experience and understanding preferred. Will provide Global Markets specific training.
Knowledge of capital markets, investment banking products and applicable regulations.
Knowledge of organizational lending and portfolio management policies and objectives.
Excellent analytical skills to include business, financial, and credit analysis areas.
Highly developed written and oral communication skills.
Strong interpersonal skills used within a collaborative and demanding team environment.
Expertise in financial computer applications and database management tools including MS Excel, Moody’s, Capital IQ and Bloomberg.
Strong proficiency in other Microsoft Office products including MS Word and PowerPoint.
Self-starter with keen attention to detail and ability to work under limited supervision.
Ability to be creative, insightful, and resourceful in performance of duties.
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.
Proficient in building cash flow and other financial models is beneficial.
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.