Associate, Global Markets Corporate Banking

Final date to receive applications:

Address:

100 King Street West

Job Family Group:

Capital Mrkts Sales & Service

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

The Associate will be part of the Global Markets Corporate Banking Securitization team, which is responsible for underwriting and account management of securitization and other structured finance transactions across a wide variety of asset classes, including, but not limited to, automobile loans and leases, equipment loans, student loans, credit cards, consumer installment loans, residential mortgage-backed securities, commercial mortgage-backed securities, and leveraged loans for U.S. and Canadian clients.

The Associate will independently execute core credit underwriting and portfolio management activities, provide well-supported approval recommendations regarding transaction structures and exposure amounts, and serve as a key day-to-day partner to Account Managers, clients, Credit, and product partners. The Associate will also contribute to transaction execution, portfolio surveillance, risk management, and business initiatives, while providing guidance to Analysts as appropriate.

• Prepare concise, accurate, and well-reasoned credit applications and memoranda for new and existing transactions, with limited supervision, for presentation to Credit.
• Lead credit risk analysis of securitization transactions using available sources of information, including servicer reports, cash flow models, financial statements, servicer audits, legal documentation, and third-party research.
• Develop and clearly articulate approval recommendations regarding transaction structure, exposure, risk rating, capital, and key mitigants.
• Determine estimated capital for current and prospective securitization transactions using the Bank’s applicable capital models and analyze the effect of structural alternatives.
• Conduct due diligence, including on-site client visits and conference calls, analysis of business models, assessment of management and servicing capabilities, and review of industry trends and applicable regulations.
• Identify structural strengths and weaknesses, evaluate downside scenarios, and recommend appropriate structural protections, covenants, triggers, reporting requirements, and other mitigants.
• Research and analyze financial and operating information relating to companies, counter parties, industries, and underlying asset pools.
• Assess the financial soundness of counter parties and underlying securitization assets, including leverage, liquidity, debt service capacity, historical performance, repayment capability, and sensitivity to stress.
• Perform financial statement analysis, including completion and review of spreading software (MRA), and reconcile analysis to source information.
• Review legal documentation for conformity with approved Credit terms and conditions and raise exceptions or execution risks promptly.
• Maintain current knowledge of securitization markets, relevant accounting and regulatory developments, Bank policies, and emerging credit risks.

• Assist Account Managers in managing assigned account and transaction responsibilities, including timely annual reviews, amendments, renewals, rating reviews, waivers, covenant monitoring, and internal trigger reporting.
• Serve as a secondary portfolio manager or day-to-day contact on assigned transactions and independently manage less complex transactions, subject to appropriate senior oversight.
• Continuously monitor transaction performance,…