Job Description
Application Deadline:
01/03/2026
Address:
320 S Canal Street
Job Family Group:
Capital Mrkts Sales & Service
Associate, Leveraged Lending
Line of Business Overview
The Leveraged Lending group within Corporate Banking underwrites and manages the firm’s private equity backed syndicated loan and direct lending portfolio. The team supports both our product and coverage partners by allocating capital to both revolver and term loan holds in syndicated private equity backed transactions. Leveraged Lending is involved all aspects of an underwriting and manages the credit and corporate banking coverage post deal closing. Leveraged Lending also participates in direct lending transactions and commits capital to the entire capital structures including Unitranche Term Loans, Delayed Draw Term Loans, and 2nd Lien Term Loans.
Job Description
The associate will serve as a key member of the deal team in the underwriting, credit approval, and portfolio management of Financial Sponsor backed transactions, supporting the deal team by analyzing financial and operating data for trends in financial performance of companies and industries. The Associate will be involved in the initial screening of transactions, due diligence, credit approval, and negotiation of legal documentation. The Associate will help assess BMO’s hold appetite across revolvers and term loans in both syndicated and direct transactions. Experienced Associates will participate in client pitches to help support cross-selling opportunities for hedging and other traditional corporate banking products.
Key Dimensions
New Underwritings: 60%
Portfolio Management: 40%
Primary Function and Responsibilities
New Underwritings
Digest comprehensive data rooms and use critical thinking to pull out and analyze key files
Work across groups to compile diligence lists; lead diligence calls with financial sponsors as well as with company management teams
Collaborate with colleagues on different teams (Leveraged Finance; Industry Coverage; Sponsor Coverage) on materials for committee meetings attended by senior leaders across the bank
Create LBO Models based off Management / Sponsor projection models to use in Credit Memos
Use independent critical thinking skills to analyze and sensitize financial models, develop risks and mitigants, business strengths, and credit rationale for completing a transaction
Complete risk / return models for new deals
Address questions from the Investment Committee and Credit team to support new transactions
Portfolio Management
Review and monitor Borrowers’ financial statements for potential changes which may affect the Borrower’s performance through detailed review of quarterly financial statements, participation in quarterly lender calls, and ongoing dialogue with sponsor/management teams
Prepare concise credit analysis and other correspondence on a quarterly basis for certain Borrowers, and on an annual basis for all Borrowers
Assess Borrowers’ internal risk rating on a regular basis based on their financial performance and changes to the qualitative aspects of the business
Conduct ongoing analysis of amount of allocated capital and credit risk
Evaluate opportunities for new business (ancillary products such as FX and interest rate hedging and cash management) with existing Borrowers
Conduct analysis and comprehensive review of industry trends and comparable transactions in the industry
Education/Professional Experience
An undergraduate degree with academic coursework in finance, economics, or accounting and an outstanding academic achievement
2 - 4 years of relevant experience within investment banking, corporate banking, corporate credit, or capital markets. Leveraged Finance experience is preferred.
Completion of a financial analysis credit training program preferable
Skills
Excellent analytical skills to include business, financial, and credit analysis areas
Skilled in building complex LBO financial models
Strong written and oral communication skills
Strong proficiency in Microsoft Office products, notably MS Excel
Ability to be creative, insightful and resourceful in performance of duties
Strong interpersonal skills used within a demanding team environment
Strong ability to attentively review, assess, and provide detailed information daily on multiple projects in an organized manner
Excellent capability to independently function as part of a team through self-motivation
Compensation & Benefits
Annual base salary: $150K-170K. The base salary range represents the anticipated low and high end of the BMO Financial Group's salary range for this position. Actual salaries will vary and will be based on various factors, such as skill, experience, and qualification for the role. This position is also eligible for a bonus plan.
The base salary and potential bonus is one component of BMO Financial Group's total compensation package for employees. Other rewards and benefits include health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: www.bmousbenefits.com.
Salary:
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 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 http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, *** (including pregnancy, childbirth, or related medical conditions), ****** orientation, gender identity, gender expression, transgender status, ****** stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.
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.
01/03/2026
Address:
320 S Canal Street
Job Family Group:
Capital Mrkts Sales & Service
Associate, Leveraged Lending
Line of Business Overview
The Leveraged Lending group within Corporate Banking underwrites and manages the firm’s private equity backed syndicated loan and direct lending portfolio. The team supports both our product and coverage partners by allocating capital to both revolver and term loan holds in syndicated private equity backed transactions. Leveraged Lending is involved all aspects of an underwriting and manages the credit and corporate banking coverage post deal closing. Leveraged Lending also participates in direct lending transactions and commits capital to the entire capital structures including Unitranche Term Loans, Delayed Draw Term Loans, and 2nd Lien Term Loans.
Job Description
The associate will serve as a key member of the deal team in the underwriting, credit approval, and portfolio management of Financial Sponsor backed transactions, supporting the deal team by analyzing financial and operating data for trends in financial performance of companies and industries. The Associate will be involved in the initial screening of transactions, due diligence, credit approval, and negotiation of legal documentation. The Associate will help assess BMO’s hold appetite across revolvers and term loans in both syndicated and direct transactions. Experienced Associates will participate in client pitches to help support cross-selling opportunities for hedging and other traditional corporate banking products.
Key Dimensions
New Underwritings: 60%
Portfolio Management: 40%
Primary Function and Responsibilities
New Underwritings
Digest comprehensive data rooms and use critical thinking to pull out and analyze key files
Work across groups to compile diligence lists; lead diligence calls with financial sponsors as well as with company management teams
Collaborate with colleagues on different teams (Leveraged Finance; Industry Coverage; Sponsor Coverage) on materials for committee meetings attended by senior leaders across the bank
Create LBO Models based off Management / Sponsor projection models to use in Credit Memos
Use independent critical thinking skills to analyze and sensitize financial models, develop risks and mitigants, business strengths, and credit rationale for completing a transaction
Complete risk / return models for new deals
Address questions from the Investment Committee and Credit team to support new transactions
Portfolio Management
Review and monitor Borrowers’ financial statements for potential changes which may affect the Borrower’s performance through detailed review of quarterly financial statements, participation in quarterly lender calls, and ongoing dialogue with sponsor/management teams
Prepare concise credit analysis and other correspondence on a quarterly basis for certain Borrowers, and on an annual basis for all Borrowers
Assess Borrowers’ internal risk rating on a regular basis based on their financial performance and changes to the qualitative aspects of the business
Conduct ongoing analysis of amount of allocated capital and credit risk
Evaluate opportunities for new business (ancillary products such as FX and interest rate hedging and cash management) with existing Borrowers
Conduct analysis and comprehensive review of industry trends and comparable transactions in the industry
Education/Professional Experience
An undergraduate degree with academic coursework in finance, economics, or accounting and an outstanding academic achievement
2 - 4 years of relevant experience within investment banking, corporate banking, corporate credit, or capital markets. Leveraged Finance experience is preferred.
Completion of a financial analysis credit training program preferable
Skills
Excellent analytical skills to include business, financial, and credit analysis areas
Skilled in building complex LBO financial models
Strong written and oral communication skills
Strong proficiency in Microsoft Office products, notably MS Excel
Ability to be creative, insightful and resourceful in performance of duties
Strong interpersonal skills used within a demanding team environment
Strong ability to attentively review, assess, and provide detailed information daily on multiple projects in an organized manner
Excellent capability to independently function as part of a team through self-motivation
Compensation & Benefits
Annual base salary: $150K-170K. The base salary range represents the anticipated low and high end of the BMO Financial Group's salary range for this position. Actual salaries will vary and will be based on various factors, such as skill, experience, and qualification for the role. This position is also eligible for a bonus plan.
The base salary and potential bonus is one component of BMO Financial Group's total compensation package for employees. Other rewards and benefits include health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: www.bmousbenefits.com.
Salary:
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 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 http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, *** (including pregnancy, childbirth, or related medical conditions), ****** orientation, gender identity, gender expression, transgender status, ****** stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.
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.
💡 Quick Summary
Seeking a career-building opportunity? The Associate, Corporate Banking Leveraged Lending position is now open for candidates interested in the Bank Jobs sector. This role in New York City offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
