Commercial Banking Analyst - Asset Based Lending - Chicago, IL (New Grad)

07/16/2026

Address:

320 S Canal Street

Job Family Group:

Commercial Sales & Service

Position responsibilities primarily include (i) screening prospects for credit worthiness for booking an Asset Based secured loan, (2) assisting in the management of BMO’s asset based loan portfolio, including analyzing financials, trends, monitoring covenants, assessing borrower and industry trends (3) working within a team environment to assist with team projects and initiatives.  This position is located in Chicago, in office.

This position requires modeling/ financial skills, analyzing a borrower’s past performance and be able to make assumptions on future performance, writing skills and attention to detail in understanding and documenting with a credit memo a borrower’s business profile, competitive dynamics, and a business’ risks and mitigants.  Maintains and promotes a client service environment to satisfy and exceed customer needs and expectations. This role will assist in making credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures.

• Recommends credit according to sound credit-granting principles.
• Evaluates clients’ ability to repay loans and consults on loan structure and collateral.
• Identifies trends in client activities which may be predictive of deteriorating credit quality.
• Performs periodic reviews of credit where more frequent monitoring may be appropriate.
• Monitors covenants of clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreement.
• 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.
• 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.
• Builds effective relationships with internal/external stakeholders.
• Will participate in on-site client visits with other internal stakeholders.
• Maintains and promotes a customer service environment which meets and exceeds customer needs and expectations.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• College Graduate with preference towards Accounting and Finance Majors, relevant internships or 1-2 years of applicable work experience to be considered
• Technical proficiency gained through education and/or business experience.
• TecVerbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

Salary:

$54,000.00 - $99,600.00

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

About Us

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 grow