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BMO Financial Group Treasury Intern, Summer 2021 (Internship) - 10 Weeks in Chicago, Illinois

Address:

111 W Monroe - 115 S LaSalle

Job Family Group:

Finance & Accounting

As a co-op/intern student at BMO, you will have the opportunity to be heard, keep growing and make a difference. You will be part of our campus program to gain the skills and knowledge needed to take on roles similar to the description listed below.

Our student experience is designed to integrate you to the BMO team from day one by adding value in the work you do. You will have the opportunity to participate in programs such as the Women in Technology Mentorship Program, BMO First Friend peer assignment, BMO Social Squad student-led activities, BMO U corporate learning platform and access to various Employee Resource Groups to further develop your network within BMO.

Interested in learning more about our campus program? Stay up-to-date with BMO Campus Recruitment by following us on Twitter @BMOonCampus (https://twitter.com/bmooncampus?lang=en) & Instagram @BMOonCampus (https://www.instagram.com/bmooncampus/?hl=en) .

Note: Only students currently enrolled in an academic program and returning to their studies will be considered for Co-op/Internship opportunities. Students who recently graduated are invited to apply to our New Grad opportunities which are available at https://jobs.bmo.com/ca/en/new-grad

To apply for this opportunity, please submit your cover letter, resume and an unofficial copy of your academic transcript. If you are selected to move forward, you will be provided additional information.

The Intern is responsible for assisting the Quantitative Analysis and Strategy (“QAS”) team within US Corporate Treasury: detailed quantitative/statistical analysis to understand meaningful trends and behavior in large datasets; assist in developing models or tools; interpret and articulate findings and observations; compile presentations to be delivered to senior management.

Supports the research and development of quantitative risk modeling methodologies and related strategies in support of managing structural market risks arising from business/group portfolios and products. Develops and implements models to ensure market risk in banking products are properly measured and support effective risk management practices. Works with internal and external stakeholders to ensure market risks are properly identified and understood with supporting models and strategies successfully implemented.

  • Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.

  • Provides advice and guidance to assigned business/group on implementation of solutions.

  • Provides input to policy positions with respect to structural market risk programs considering legislative requirements.

  • Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.

  • Helps determine business priorities and best sequence for execution of business/group strategy.

  • Conducts independent analysis and assessment to resolve strategic issues.

  • Provides input to the planning & implementation of structural market risk data acquisition and reporting programs.

  • Documents data flow, systems and processes in data collection to improve efficiency; advances automation of processes.

  • Maintains operational procedures and processes relating to data acquisition, analytical and reporting processes.

  • Develops analytical solutions, models and methodologies used to manage risks related to the Bank’s portfolios and products e.g. valuations; hedging strategies, customer behaviour models, performance measurement, etc.

  • Monitors the financial market environment and model performance impacts for optimal execution of risk strategies.

  • Ensures compliance with model risk and market risk governance and provides financial instrument transaction oversight.

  • Works closely with businesses and corporate partners to perform enterprise wise stress testing of the bank’s Net Interest Income in support of capital adequacy assessment

  • Performs analytics and reporting of economic and P&L performance of Corporate Treasury as a result of its hedging, investment and funding activities.

  • Researches industry best practices with respect to structural market risk modeling and methodology

  • Designs and produces regular and ad-hoc reports, and dashboards.

  • Monitors and tracks changes to position and component risk metrics over reporting periods; addresses and / or escalates any issues.

  • Analyzes data and information to provide insights and recommendations.

  • Works with various data owners to discover and select data from internal and external sources e.g. lending system, payment system, external credit rating system.

  • Applies scripting / programming skills to assemble source data into structured datasets with multiple levels of granularities e.g., demographics, customers, products, transaction.

  • Applies suitable statistical techniques to perform analysis e.g., A/B testing, mathematical models, algorithms, machine learning to test, verify, refine hypotheses.

  • Collaborates with internal and external stakeholders to deliver on business objectives including third party suppliers.

  • Builds effective relationships with internal/external stakeholders.

  • Participates in the design, implementation and management of core business/group processes.

  • 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. Degree in either Finance, Computer Science, Economics or Risk Management preferred.

  • Specialized knowledge from education and/or business experience.

  • Strong knowledge of Excel, Access, SQL, VBA.

  • Working experience in a Finance environment with exposure to one or more of the following:

  • Risk management, financial market products and pricing, Balance Sheet / Asset Liability management.

  • Knowledge of quantitative modelling including understanding of statistics, risk and financial metrics.

  • 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 Harris Bank 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 Harris Bank 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 www.jobs.bmoharris.com.

BMO Harris Bank 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. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

BMO Financial GroupServing customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.

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