Associate, Corporate Banking FIG – Banks & Broker Dealers

By /

Website Bank of Montreal

Job Description

Position: Associate, Corporate Banking FIG – Banks & Broker Dealers

Overview

BMO Capital Markets is looking for a strategic-minded Associate to join the Financial Institutions Group (FIG) in Toronto. This role is a unique hybrid, focusing on the relationship management and credit structuring for Global Banks, Canadian Broker-Dealers, and Market Infrastructure participants. You will act as a pivotal link between the bank’s risk appetite and the complex liquidity and capital needs of other financial institutions.

The Day-to-Day: FIG Associate Life

  • Junior Coverage: Managing relationships for foreign bank operations in North America and major Broker-Dealers.

  • Deal Execution: Structuring credit transactions and preparing high-stakes documentation like underwriting memoranda and credit applications.

  • Market Intelligence: Monitoring CIRO (formerly IIROC) and FINRA regulatory shifts that impact client portfolios.

  • Integrated Solutions: Working across the Capital Markets floor to cross-sell FX, Derivatives, Cash Management, and Trade Finance.

  • Strategic Pitching: Developing “pitch books” and briefing memos that translate complex financial data into compelling client narratives.

Job Data Table

Feature Details
Company Name BMO Financial Group (BMO Capital Markets)
Address 100 King Street West, Toronto, ON (First Canadian Place)
Deadline February 13, 2026
Base Salary $115,000 CAD
Employment Type Full-time (Note: Listing incorrectly mentions part-time in one section)
Industry Segment FIG (Financial Institutions Group)
Key Regulations CIRO (Canada), FINRA (USA)

Skills & Competency Table

Skill Competency Level
Credit Analysis Advanced / Expert
Financial Modeling Advanced
Capital Markets Products In-depth Knowledge
Relationship Management Intermediate / Junior Coverage
Regulatory Knowledge Specialist (CIRO/FINRA)

Qualifications

  • Experience: Minimum 3 years in corporate/commercial lending or a FIG-specific role.

  • Education: Undergraduate degree in Finance, Economics, or Accounting is mandatory.

  • Designations: An MBA or CFA is not required but considered a significant asset.

  • Technical: Proficiency in financial databases and modeling tools (e.g., Bloomberg, FactSet).

Why BMO FIG?

  • Prestige: Work at the headquarters (100 King West) for one of the leading FIG practices in North America.

  • Total Rewards: Beyond the $115k base, BMO offers discretionary bonuses, performance-based incentives, and robust health/dental perks.

  • Growth: BMO emphasizes “Boldly Grow the Good,” offering tuition reimbursement and structured professional development.

  • No AI Screening: Unlike many competitors, BMO explicitly states they do not use AI tools to screen or select applicants.

Job Summary

This is a high-visibility role for a finance professional with a strong credit background. You aren’t just selling “loans”; you are managing the liquidity and counterparty risk of other banks and brokers. Success requires an “analytical engine” paired with the social grace to manage relationships with senior bankers and product specialists.

FAQs

1. What is “Market Structure” in this context?

It refers to clients that provide the backbone of the financial system, such as stock exchanges, clearing houses, and market-making firms.

2. Is the salary negotiable?

While the base is listed at $115,000, total compensation typically includes a performance-based bonus which can significantly increase your take-home pay.

3. Do I need a CFA?

No, but given the analytical depth required for FIG (which involves analyzing the financial statements of other banks), a CFA level II or III is highly regarded.

4. What is the CIRO asset mention?

CIRO (Canadian Investment Regulatory Organization) is the national self-regulatory organization. Familiarity with their capital requirements for broker-dealers is a huge plus.

Expert Analysis

The FIG space is notoriously complex because your clients’ “products” are the same as your own. In 2026, with shifting interest rates and evolving liquidity ratios (LCR/NSFR), an Associate who understands how a Broker-Dealer manages its balance sheet is invaluable. This role is a perfect stepping stone to a VP position or a transition into specialized Risk Management.

Career Path

An Associate in FIG typically moves to Vice President (VP) within 3–4 years. From there, the path leads to Director and Managing Director (MD). Because of the technical credit skills gained, FIG associates are also highly sought after by Credit Risk departments and Hedge Funds specializing in financials.

To apply for this job please visit jobs.bmo.com.