OfferDrill.

Jobs › BMO

Credit Analyst Internship - Chicago, IL (Summer 2027)

BMO · Chicago, IL · $50,000–$100,000 a year · Full time

Posted Sep 1, 2026 · We last checked this listing on Oct 6, 2026

Apply at BMO

Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

This is a summer internship analyzing credit for commercial banking. Why commercial credit for a summer?

What they are checking: Whether they have a genuine reason for choosing commercial credit, which helps them engage seriously with a short and structured summer program.

You'd make recommendations to a manager. How do you present a recommendation you are not fully sure of?

What they are checking: Whether they can share recommendations honestly while stating their uncertainty, which helps managers trust their judgment and decide well.

You'd work alongside relationship managers and business partners. How would you make yourself useful in your first two weeks?

What they are checking: Whether they can take initiative and contribute quickly in a short internship, rather than waiting to be told exactly what to do.

What would you do if you were given a task and had no idea how to start?

What they are checking: Whether they try to figure things out first and then ask focused questions, which shows independence without wasting time or hiding confusion.

What would you do

You'd provide content for proposals and presentations. How do you make sure something with your name on it is right?

What they are checking: Whether they check their work carefully before sharing it, since accuracy builds trust and mistakes in client materials reflect on the whole team.

The program runs June 7 to August 13, 2027, and the posting notes its structured nature. What do you want to be able to do by the end?

What they are checking: Whether they have a concrete learning goal for the program dates, which helps them use the short internship well and stand out.

This is at the Canal Street office with an application deadline of October 9, and a full-time 2027 analyst program is posted alongside it. Are you aiming at that program, and what would you want to know first?

What they are checking: Whether they understand how this internship connects to the full-time analyst program, and have thought about whether that path suits them.

About the work

What do you know about how a bank decides whether to lend to a business?

What they are checking: Whether they already understand basic lending concepts like repayment ability and risk, which lets them learn faster once the internship begins.

You'd prepare detailed credit summaries to assess creditworthiness. Walk me through reading a set of financial statements for the first time.

What they are checking: Whether they approach unfamiliar financial statements methodically, which shows they can build the habits credit analysis depends on.

You'd support portfolio monitoring and assess industry trends. How would you research an industry you know nothing about?

What they are checking: Whether they have a practical approach to researching unfamiliar industries, since credit analysts often need to understand new sectors quickly.

Practice this interview out loud.

Offer builds a real interview for this exact role at BMO from your resume and this job description, asks the questions one at a time, and tells you what landed. The first one is free.

Practice this out loud

The full job description

As published by BMO.

Application Deadline: 10/09/2026 Address: 320 S Canal Street Job Family Group: Commercial Sales & Service Internship Start Date: The internship program begins on June 7, 2027, and concludes on August 13, 2027 . Due to the structured nature of the program, onboarding activities, and cohort experience, candidates are expected to be available for the full internship term. Availability for the entire program duration is required to successfully participate in the internship. Analyzes credit information to support lending decisions and processes for new and existing Commercial banking loans and credit solutions in an assigned portfolio of clients. Makes credit decisions and recommendations in compliance with bank policies and procedures while maintaining an exceptional client service environment. • Performs financial analysis and calculations and makes recommendations to Manager. • Supports portfolio monitoring and compliance, analyses metrics, and assesses industry trends to spot risks and opportunities. • Prepares detailed credit summaries to assess creditworthiness and support decision making. • Provides content and support for proposals and presentations to capture new business and expand client partnerships. • Builds and maintains client relationships to ensure long-term financial performance in collaboration with Relationship Manager and business partners. • Structures and supports new, renewal and extension loans aligned with client needs and bank & risk policies • Conducts financial analysis and risk assessments of clients’ credit information, for an assigned portfolio, to provide insights and make informed decisions • Monitors the portfolio performance for assigned portfolio of Commercial Banking clients on an ongoing basis, taking corrective action when required. • Minimizes BMO’s risk exposure by adhering to credit policies, regulatory standards, and operational guidelines. • Serves as a point of contact for service requests, ensuring expectations are consistently met or exceeded. Escalates issues when needed. • Supports and implements initiatives to enhance service quality, acquire new business and expand client relationships. • Identifies revenue and cross-selling opportunities to enhance portfolio growth. • Identifies share of wallet opportunities. • Leverages analysis tools to nurture and grow a portfolio that exceeds ROE thresholds and evaluates client returns on a proactive basis. • Manages timely and accurate data entry into BMO's systems and leverages the data to support decision-making. • Completes complex & diverse tasks within given rules/limits and may include handling escalations from other employees. • Analyzes issues and determines next steps. • Broader work or accountabilities may be assigned as needed. • Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations. Qualifications: • Relevant experience in credit or lending instruments or financial operations in a corporate or banking environment is preferred. • If a Credit Qualifiable job, Credit Qualifications and associated credit knowledge and skills according to the credit portfolio requirements and qualification standards. • Specialized knowledge. Foundational level of proficiency: • Financial Analysis • Loan Structuring • Data Analysis Tools • Regulatory Compliance • Portfolio Management • Credit Risk Assessment • Banking Operations • Microsoft Office • Problem Solving • Collaboration • Detail-Oriented • Analytical Thinking Salary : $50,000.00 - $100,000.00 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 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, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual 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 BMOCareers.Support@bmo.com 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.

Apply at BMO

More credit analyst internship roles