100 King Street West
Job Family Group:
Capital Mrkts Sales & Service
BMO Capital Markets
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 approximately 2,600 professionals in 32 locations around the world, including 18 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$806 billion total assets and nearly 44,000 employees as of January 31, 2022.
Who we are
Global Markets provides key markets-based solutions to Institutional, Corporate, and Retail clients. Our platform offers a full spectrum of integrated capabilities, backed by the strength of BMO Financial Group, to deliver leading market insight, risk management, and execution services to our clients.
What will you do?
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 dedicated mentors while broadening your skills
Get connected with various Capital Market professionals through CM Café Connext to grow your network
Upon successful completion of this internship, you may receive a full-time offer for BMO Capital Markets Global Markets
Team assignments will be made at the start of the summer program based on previous experience, interest, and educational background. Summer interns will join one of the following areas within Global Markets, serving our corporate, institutional and government clients.
Global Equities & Financing Solutions (GEFS)
Global Structured Products Trading
Digital and Liquid Trading
Global Client Coverage
Global Credit Trading
What’s in it for you?
You will perform a variety of analytical and administrative projects and tasks. These assignments will vary widely from day-to-day and may include developing presentation materials using PowerPoint and Excel, programming, and shadowing.
Daily assignments may include:
Sales & Trade Administration
What are we looking for?
Highly motivated individuals who can work well in a team-based environment and seek a challenge.
Currently enrolled in an undergraduate or Master’s program (Non-MBA) with a graduation date of December 2023, April 2024, or April 2025
Strong academic record and extracurricular achievement; GPA minimum cGPA of 3.4/4.0;
Demonstrated interest in and knowledge of financial markets; with knowledge of programming and quantitative trading as an asset;
Demonstrates leadership and initiative
General knowledge of financial strategy, accounting, economic, capital management principles;
Excellent research and analytical skills, able to collect, analyze and interpret data;
Detail and results orientated;
Strong interpersonal skills used within a demanding team environment;
Demonstrated proactivity, resiliency, positive attitude and high motivation;
Strong written and oral communication skills;
Ability to attentively review, assess and provide detailed information daily on multiple projects in an organized manner;
Strong work ethic and a high level of professional integrity.
Knowledge and familiarity with data manipulation / Excel/spreadsheet skills including VBA are an asset as well as strong quantitative/statistical background
Database experience (SQL, Oracle);
Knowledge of Excel, including scripting and efficient spreadsheet design;
Strong technical writing ability.
How to Apply:
For your application to be eligible for consideration, please apply to this posting.
Please ensure the following items are submitted in your application:
2. Transcript ( Required for application consideration – please upload it in the resume section when applying in BMO’s Workday application system)
The campus internship job description above aligns to the internal full time job description below:
Provides a markets-based suite of sales and trading solutions to Institutional, Corporate, and Retail clients. Offers a full spectrum of integrated capabilities to deliver leading market insight, risk management, and execution services to issuing and/or investor clients, including access to major global markets across asset classes including: debt, foreign exchange, interest rate, credit, equity, securitization, and commodities. Provides competitive pricing to all clients and seeks out new opportunities with prospective clients. Maximizes profit while prudently minimizing the bank’s exposure and adhering to regulatory statutes.
Acts as point person to provide client support in the form of proposals, marketing material, event planning, and scheduling with the cooperation of trading and sales, research, and marketing and with the support of a senior leader.
Responds to inquiries from clients, regulatory agencies, or members of the business community in a professional manner and determines acceptable solutions.
Helps manage the flow of inquiries, market data, and other information from clients. Routes client calls appropriately and responds quickly to client questions.
Seeks to develop an understanding of client needs and outcomes.
Coordinates conference calls, client events and meetings.
Maintains a proactive, client service focus in order to meet their needs and increase revenue; contacts customers to present available investment services and develops client prospects from among current customers, referral leads and other sources.
Verifies that all confirms on trades or sales are accurate and promptly delivered.
Communicates transaction details to the brokerage community and custodians. Resolves settlement issues related to incorrect billing.
Answers phones, file, fax, and coordinates meeting and travel arrangements.
Develops strong market knowledge to provide comprehensive service to clients, develop new solutions, and construct compelling recommendations.
Reads, analyzes and interprets common technical journals, financial reports, and legal documents in order to better serve client needs.
Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
Builds effective relationships with internal/external stakeholders.
Ensures alignment between stakeholders.
Cultivates strong relationships with the research team in order to understand their industries and stock coverage.
Uses analytical skills (probability, statistical inference, etc.) and applies appropriate technical concepts and completes/leads consistent and reliable technical and financial reports/analyses to support client deliverables.
Defines problems, collects data, establishes facts, and draws valid conclusions.
Develops an understanding of and proficiency in using all required systems and models.
Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
Executes a variety of administrative and analytical tasks as assigned and with minimal supervision (e.g. procedural documentation, brokerage and client commission reporting, maintenance of contacts database, disaster recovery planning, tracking and updating of periodic trading or sales metrics, etc.).
Administers all aspects of the sales and or trading desk, record keeping, reporting, and file maintenance in accordance with internal controls and compliance policies and external regulations.
Responds to requests for information from both internal and external sources.
Communicates market data and client changes to colleagues when they are on the road or in meetings.
Provides feedback on, and, supports continuous improvement opportunities.
Considers risk, internal controls and compliance as part of day-to-day accountabilities and adheres to policies and procedures.
Focus may be on a business/group.
Thinks creatively and proposes new solutions.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works mostly independently.
Broader work or accountabilities may be assigned as needed.
Typically between 3 - 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Familiarity with institutional equity markets.
Series 7, 63 licenses.
Able to read, analyze, and interpret general business periodicals, investment and financial reports.
Strong familiarity with Outlook, Excel, Reuters Plus, Bloomberg, public finance/business news websites is desired.
Specialized knowledge from education and/or business experience.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.
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.