Actuarial Analyst, Corporate Actuary, Winter 2027 (Co-op​/Internship) - 4 months

Final date to receive applications: 09/20/2026

Address: 250 Yonge Street

Job Family Group:
Customer Solutions

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.

• Typically between 1 - 4 years of relevant experience and post‑secondary degree in related field of study or an equivalent combination of education and experience.
• Enrolled in the actuarial program and completed 3 to 4 exams.
• 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.

• Executes the calculations and analysis required for regulatory and management reporting and provides support to the actuarial production of work.
• Extracts and compiles actuarial data to ensure that the investment and risk portfolio conforms to prescribed guidelines.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Breaks down strategic problems, and analyzes data and information to provide insights and recommendations.
• Assists with the calculations required for the opinion on the various Appointed Actuary legal responsibilities.
• Checks and reviews various outputs from models used as the basis for the Appointed Actuary’s opinion.
• Opinions are required for the value of actuarial liabilities held on the Balance Sheet, annual opinion on the ongoing solvency of BMO Insurance (DCAT Reports), quarterly regulatory capital calculations, and annual Participating Policyholder Bonus recommendations.
• All opinions are under detailed scrutiny by OSFI, BMO Insurance Boards of Directors, internal and external auditors.
• Reviews and analyzes actuarial issues for presentation to the Appointed Actuary for signoff.
• Includes review of new product initiatives, review of economic capital calculations, review of financial business plans and additional actuarial support for risk, legal, policyholder services and other areas.
• 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.
• Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.

Salary: $50,100.00 - $93,000.00

Pay Type:

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,…