Public Market Credit Analyst

Address:

We are seeking a highly motivated and detail-oriented Credit Analyst to join BMO Life Assurance insurance investment team. The successful candidate will be responsible for conducting fundamental credit analysis and identifying attractive relative value opportunities within and across fixed income assets, with a focus on supporting the liability growth within an insurance balance sheet.

Key Responsibilities

• Perform fundamental credit analysis on investment grade and high yield issuers across corporate, structured, sovereign and financial sectors.
• Conduct in depth reviews of bond issuers financial statement, credit metrics, covenant structures, and industry dynamics.
• Identify and articulate relative value opportunities within and across asset classes, sectors, geographies, and capital structure, considering risk adjusted return, liquidity and regulatory capital efficiency.
• Support portfolio construction by comparing credit instruments against alternative such as securitized assets, private debt.
• Monitor existing holdings for credit events, rating changes, covenant breaches, and deteriorating trends.
• Provide credit recommendations to portfolio managers and contribute to investment decisions with clear, data-driven insights.
• Collaborate with ALM, actuarial and risk management teams to ensure alignment between credit views and liability driven investing strategies.
• Support regulatory reporting process by providing inputs into capital requirement calculation under LICAT.
• Stay informed about macroeconomic, sector specific, and regulatory developments affecting credit markets.
• Participate in issuer meetings, rating agency updates, and industry conferences to enhance credit views.

Qualifications

• Bachelor’s or master’s degree in business, Finance, Economics or a related discipline.
• CFA designation or progresses toward it preferred.
• 3-7 year experience in credit analysis, preferably within insurance, asset management, or rating agencies.
• Strong understanding of fixed income markets and credit instruments including corporates, CLO/ABS/MBS, and private placements.
• Familiarity with insurance regulatory capital frameworks (e.g. LICAT).
• Strong ability to interpret financial statements, cash flow analysis, and capital structures.
• High proficiency with Excel, Bloomberg, and credit modelling tools.
• Proficiency in Python and data visualization tools (e.g. Power BI or Tableau) is an asset.
• Strong written and verbal communication skills.

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 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.