BMO · 2 weeks ago
Credit Risk Analyst, Summer 2026 (Co-op/Internship) - 10 Weeks
Chicago, IL, USA
Internship
Onsite
Intern, Entry Level
$50K/yr - $91K/yr
1+ years expBMO is a financial institution committed to creating lasting, positive change for customers and communities. The Credit Risk Analyst intern will assist in compliance program implementation and risk assessment activities, ensuring adherence to regulatory requirements and providing oversight to minimize operational risks.
BankingCrowdfundingFinanceFinancial Services
Responsibilities
Assists in the implementation, maintenance and administration of a specific compliance program
Coordinates and performs risk assessment, monitoring, testing and surveillance activities to ensure program remains current and aligned with BMO Compliance Program
Works with business/group and internal partners to ensure regulatory, corporate and fiduciary obligations are met
Advises business/group on implications of new regulatory developments or internal products, and assists to implement new/revised policies and programs to address them
Identifies risks and implements appropriate actions to mitigate them
Develops and maintains compliance information for analysis and reporting
Achieves compliance goals by maintaining current knowledge of regulatory requirements and developments
Maintains functional and regulatory expertise specific to business group, and refers to Compliance Policies & Procedures manuals for requirements
Contributes to business/group results by providing oversight and making recommendations that significantly impact the Bank’s ability to monitor regulatory compliance programs, minimize operational risk and align with regulatory agencies
Advises first line of defense management and employees on compliance matters
Builds effective professional relationships with business line
Analyses and reports on compliance data
Provides input on compliance implications into the planning and implementation of operational programs
Develops and maintains a high level of expertise in all regulations, directives and guidance which apply to the group(s) supported
Provides input to business/group on emerging risks, regulatory developments and interpretation of regulations
Conducts and/or effectively challenges risk assessments for business/group and assists to identify more effective compliance controls
Performs and/or effectively challenges monitoring and testing activities to ensure regulatory compliance controls are operating and aligned to regulatory requirements
Supports root cause analysis in response to material control failures in business/group
Identifies, assesses, effectively challenges and provides oversight on the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation
Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution
Analyzes and reports compliance information to Compliance and business/group management
Consults on new products, services and automated systems to assist with incorporating compliance requirements into these initiatives
Ascertains training needs and helps develop training based on gaps identified through the compliance monitoring and testing
Identifies enhancements to business group compliance tools and processes and communicates to required stakeholders
Assists business group management in communicating and implementing changes to applicable regulatory policies and procedures
Represents the business/group Compliance team and interacts with examiners/auditors during internal, external and regulatory audits and examinations
Provides regulatory perspective on business group’s sales and marketing materials
Anticipates/ identifies and analyses risk and consequences of unaddressed risk factors/ compliance gaps, and recommends appropriate controls
Builds effective professional relationships with business/groups
Operates effectively within a high stress environment with constantly changing expectations and regulatory & audit scrutiny
Accesses, monitors and reports on sensitive Bank, customer, transactional and employee information to ensure compliance with regulatory requirements
Communicates the roles and importance of each of the three lines of defense, and proactively identifies regulatory risk
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
Qualification
Required
Typically between 1 - 3 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience
Knowledge of consumer protection regulations and related marketing and advertising guidelines
Working level knowledge of compliance requirements and company policies & procedures
Strong knowledge of business operations and procedures
Proficient communications, critical thinking, relationship management and project management skills
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
Strong knowledge of Python, SQL, Power BI
Advanced Excel knowledge required
Benefits
Health insurance
Tuition reimbursement
Accident and life insurance
Retirement savings plans
Company
BMO
We’re a bank, but there’s more to it than that. When you join BMO, it opens a world of opportunities.
10001+ employees
H1B Sponsorship
BMO has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (7)
2024 (2)
2023 (6)
2022 (4)
2021 (2)
2020 (2)
Funding
Current Stage
Public CompanyTotal Funding
$7.54B2025-10-23Post Ipo Debt· $142.91M
2025-02-26Post Ipo Debt· $871.76M
2024-07-09Post Ipo Debt· $750M
Leadership Team
David Casper
U.S. Chief Executive Officer
Azam Dawood
Head Of Sourcing
Recent News
MarketScreener
2026-01-06
2025-12-24
2025-12-18
Company data provided by crunchbase