BMO People of Color Accelerator Internship Program (BPAP) - Summer 2023
Facilitates decisioning and analysis of all types of credit information to support lending decisions and processes for the bank. Maintains and promotes a client service environment to satisfy and exceed customer needs and expectations. This role will make credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures.
- Acts timely, efficiently and independently, taking ownership of client satisfaction.
- May include focused calling and pipeline management activities.
- Provides advice and guidance to assigned business/group on implementation of solutions.
- Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
- Conducts thorough analysis of client capital and credit risk.
- Provides accurate financial analysis and risk assessment of new and existing customers.
- Partners with internal stakeholders for accurate, detailed client information.
- Develops credit information to make lending decisions on new, renewal and extension loans.
- Assists in negotiations of terms and conditions of all decisions made via phone and e-mail interaction with clients.
- Prepares summary, present facts and offer opinions concerning credit worthiness.
- Minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions.
- Provides input into the planning and implementation of operational programs.
- Builds effective relationships with internal/external stakeholders.
- 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.
Qualifications:
- As a full-time employee, we would require 3-5 years of experience, however as part of the BMO campus program, we are looking for motivated individuals with a strong desire to learn.
- As a full-time employee, we would require credit qualification.
- As a full-time employee, we would require 3-5 years of previous Commercial Loan and Credit analyst experience required.
- In depth specific functional knowledge and broad business knowledge.
- Strong analytical skills.
- Exceptional skills in quantitative analytics and credit analysis skills.
- Highly developed written and oral communication skills.
- Strong proficiency in Microsoft Office products and the Internet.
- Strong interpersonal skills.
- Ability to work under limited supervision.
- Basic understanding of risk management concepts
- Ability to learn and adapt quickly.
- Excellent capability to independently and proactively service multiple clients.
- 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.
The BMO People of Color Accelerator Program (BPAP) is a US-based internship program that brings together a cohort of talented rising sophomore and junior college students who self-identify as People of Color and are interested in embarking on a career in Business and Finance.
BPAP Interns individually report to a Sponsor who acts as a mentor, coach and manager and provides a highly engaging and interactive learning experience. BPAP Interns will work on a real time project, attend informative lunch and learns, and prepare a final presentation all of which enable these early professionals to build genuine relationships and gain meaningful work experience.
At BMO, we are committed to breaking down barriers to equity & inclusion because everyone deserves a clear path to career success. Program participants will have an opportunity to interact with their cohort and POC self-identifying professionals at BMO to network, discuss career pathing, and tips for success. This highly visible program also provides the opportunity to build relationships with executives and allies in the organization and learn more about BMO.
The internship will be 6 weeks in duration, 32 hours/week.