Application Deadline:

08/16/2025

Address:

100 King Street West

Job Family Group:

Customer Solutions

As VP, Credit Alternatives, you will play a key leadership role in the analysis, structuring, and active management of CLOs and other Credit Alternative products. You will collaborate with portfolio managers, traders, and credit analysts, contribute to deal execution, and drive investment performance through hands-on asset management and market insight.

Responsibilities:

Analyze new-issue and secondary CLO tranches (AAA through equity)

Evaluate deal structures, waterfalls, and manager quality

Monitor performance of existing CLO positions, including cash flows, test results, and collateral quality

Build and maintain cash flow models using tools like Intex or proprietary systems

Assist in structuring new CLO deals and resets/refis

Work with lawyers, arrangers, and rating agencies on transaction execution

Review and negotiate indenture terms, collateral eligibility criteria, and manager strategies

Conduct relative value analysis across CLO tranches, credit sectors, and structured credits alternatives

Underwrite broadly syndicated and club loans

Coordinate with internal or external direct lending and loan trading 

Track issuer-level credit trends and build/maintain watchlists

Produce internal credit memos and present recommendations to the Investment Committee

Track and assess macro, regulatory, and credit trends that affect structured credit markets

Liaise with deal counterparties, syndicate desks, and CLO managers

Interface with investor relations, finance, and compliance teams

Mentor junior analysts and associates on credit modeling and market analysis

Broader work or accountabilities may be assigned as needed.

Qualifications:

7+ years in structured credit, and/or leveraged loans (analysis, trading, structuring, or asset management)

Bachelor’s in Finance, Economics, Math, or related field; MBA/CFA or Masters degree a plus

Deep understanding of CLO mechanics (OC/IC tests, manager tiers, tranche pricing); strong analytical and modeling skills

Proficiency in Intex, Excel/VBA, Bloomberg; familiarity with Python or SQL is a plus

Advanced understanding of business line and a growing understanding of the overall firm and the competitive environment.

Advanced understanding of specialized discipline and gaining understanding of other disciplines.

Deep knowledge and technical proficiency gained through extensive education and business experience.

Verbal & written communication skills - In-depth.

Collaboration & team skills - In-depth.

Analytical and problem solving skills - In-depth.

Influence skills - In-depth.

Data driven decision making - In-depth.

Salary:

$95,200.00 - $176,400.00

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 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.