• Job Description

  Req#: R240018472

  Application Deadline:

  08/04/2024

  Address:

  100 King Street West

  Job Family Group:

  Customer Solutions

  MANDATE

  The Active Fixed Income (AFI) team is a Toronto-based center of excellence within BMO Global Asset Management (BMO GAM). The AFI team manages, evaluates and monitors approximately C$32 billion in assets using an active, fundamental, ESG-integrated investment approach.

  We are seeking a highly motivated Credit Analyst to work within our Active Fixed Income team responsible for managing $32 billion in fixed income assets including over $27 billion of credit holdings. The individual will be supporting the portfolio management team by performing in-depth research and relative value analysis to provide credit and industry recommendations. They will provide value-added investment recommendations within a coverage assignment. The person in this role has deep working knowledge of the corporate credit space and experience analyzing various elements of credit risks across sectors. The fundamental credit investment research conducted by the Analyst is an integral component of the portfolio construction process.

  Day-to-day Analyst responsibilities include industry data collection, financial statement analysis, financial modeling & forecasting, assessment of business & financial strategy, and monitoring market movements through daily meetings with portfolio managers, economists, and strategists.
  
  The Credit Analyst role offers growing responsibility as the Analyst’s experience and confidence grows.

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  ACCOUNTABILITIES

  • Develop comprehensive sector, company, and security views based on fundamental analysis and using proprietary tools.
  • Independently conduct highly comprehensive credit research including individual credit analysis, industry, sector, structure, workout, and country analysis.
  • Conduct thorough analysis of corporate financial statements and assess relative value of security and company investment opportunities.
  • Attend company and industry conferences, interacting when appropriate with corporate borrower management teams as part of ongoing due diligence process.
  • Evaluate company fundamentals and industry trends, key operating metrics, business quality, and competitive position incorporating ESG fundamental factors in the overall analysis.
  • Provide timely buy/sell/hold recommendations to Portfolio Managers while taking into account total exposure, maturity, and relative value considerations.
  • Provide in-depth knowledge and maintain on-going dialogue with Portfolio Managers on investment strategy in a team environment.
  • Works closely with other team members including Equity colleagues as well as rating agency analysts and sell side research analysts, serving as a subject matter expert for specific Industrial sectors.
  • Provide guidance to others when appropriate as overall team member.
  • Prepare timely, written measurable analyses on individual credits, sectors, or events.
  • Concisely presents facts, analyses, conclusions, and recommendations.
  • Represents the research team in meetings with clients, consultants and prospects as required.

  KNOWLEDGE AND SKILLS

  • 1-5 years of experience as a fixed income credit analyst.
  • Prior experience in either investment grade or high yield.
  • Demonstrated ability to build and maintain financial models with historical and forward-looking projections as well as utilizes other analytical tools including Excel, Charles River & Bloomberg.
  • Well-developed oral and written communications skills.
  • Ability to multi-task and work independently in a rapidly changing environment
  • University degree required. Ideally in an area such as Finance, Business, Mathematics, or Statistics.
  • Knowledge of Python preferred.
  • Knowledge of ESG investment concepts preferred.
  • CFA strongly preferred

  WORKING CONDITIONS

  • Ability to work in a high stress environment, fast-paced and changing environment.
  • Numerous demands for resources that need to be prioritized within tight deadlines.
  • Requirement to be in the office 3 days of week.

  Salary :

  $76,300.00 - $142,100.00

  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, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

  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.

• About the company

  The Bank of Montreal is a Canadian multinational investment bank and financial services company.

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