Application Deadline:

01/31/2025

Address:

100 King Street West

Job Family Group:

Customer Shared Services

The BMO CM Technology & Operations (T&O) group provides end-to-end support for the global Capital Markets (CM) business lifecycle from origination to settlement. Through partnership with members of the CM business, the team relies on its deep expertise and capabilities to serve a variety of colleagues from trade desk, P&L, back office and technology groups. Our customer experience strategy keeps us closely aligned with business partners and helps us accelerate our speed to market while delivering superior product and service quality.

The Canadian Securitization Group (CSG) is a structuring desk that sits within BMO CM’s Global Markets division. It provides advisory and funding solutions through different programs it has developed, including conduits such as the Canadian Master Trust (CMT), Ridge Trust and Precision Trust. The latest addition, Podium Trust is a new Special Purpose Entity collaborating CSG with its US counterpart to fund BMO by issuing Collateralized Commercial Paper (CCP) backed by assets owned by various desks and entities within BMO CM.

Mandate

As part of the Global Trade Support (GTS) group under T&O, we are looking to fill an Associate vacancy within the Securitization Trade Desk Support (TDS) team to mainly support the Podium desk. In this role you will leverage advanced product knowledge and critical thinking skills to effectively support the resolution of issues, manage trade support risk topics, participate in cross functional initiatives, play a key role in supporting the introduction of new products, technology and/or processes, and act as an escalation point for business issues and challenges related to GTS activities.

You will be accountable for, but not limited to, the

execution of assigned activities for various products and processes in accordance with firm and industry standards and regulationsdevelopment of excellent working relationships with various Trading Products desks, Product Operations personnel and other stakeholder groupssupport of Business Partner initiatives, participating in the due diligence and implementation activities and actively participating in stakeholder forums (Project Delivery/ Technology/ Risk)

Key Accountabilities

A. Product & Process

Accountable for the execution of assigned day-to-day GTS activities in a timely, accurate and efficient basisSupport the resolution of business issues, ensuring potential problem areas or trends are escalated to management as requiredPlay a key role in the support of Business Partner initiatives, effectively performing analysis and supporting implementation activitiesParticipate in various stakeholder forums (Project Delivery/ Technology/ Regulatory/ Risk) in support of GTS activitiesWork closely with internal and external stakeholders in support of GTS activitiesCalculating daily cash projection to supply the FO daily funding figure (activity report). Failures in providing a good number could result in overdraft or negative interest fee that may lead to operational lossesCrucial direct client support assisting in calculating client program fees, cost of funding & stand-by fees. These fees are the desk’s main revenue sources and are sent directly to our clientsEnsure timely funding amounts are sent to clients; reconcile client requests and set up client wiresCreate client invoices and respond to client requestsProvide assistance with critical month end and year end reportingOther tasks as assigned

B.   Risk & Control

Identify potential risk situations within the scope of GTS activities, make recommendations and/ or escalate to management as requiredEnsure adherence to directives, internal processes and internal approvals to mitigate risk to the BankUnderstand regulatory and compliance requirements as prescribed for the business unit, and provide recommendations and implement actions to ensure adherence as requiredEnsure adherence to all aspects of First Principles, Our Code of Business Conduct and Ethics Corporate Policy, as well as all applicable legislation, regulatory rules and requirements, and Bank standards, policies and procedures (P&P’s) for such things as potential conflicts of interest, safeguarding of customer information, trading in securities, anti-money laundering, privacy and disclosure of outside business activitiesEnsure strict confidentiality is maintained for both customer and Bank information to protect the customer and the Bank and to ensure compliance with Bank P&P’sManage risk and minimize losses through monitoring and controlling various reports and taking appropriate action, ensuring compliance requirements, audits and verifications are completed in accordance with Bank P&P’sEnsure deal forms are kept current in order to accurately calculate client fees and issue invoicesEnsure invoices are paid on time to avoid service disruptions among vendors

C.   Business Performance Management

Identify opportunities to improve the operational effectiveness of assigned day-to-day GTS activitiesDeliver exceptional customer service that builds trust through responsive, accurate, consistent, knowledgeable and available services and supportDevelop excellent working relationships with CM Trading Products desks, Product Operations and other stakeholder groups ensuring we have a global view across the businessAlign individual performance goals to the team and organizational goalsDemonstrate behaviours that are consistent with “Being BMO”

Knowledge and Skills

3 – 5 years of business-related experience in the financial services industryUniversity degree/ college diploma in related disciplineAdvanced knowledge and understanding of a range of financial products including fixed income, equities, credit, commodities and derivativesKnowledge of the financial markets and regulatory oversight bodiesGeneral knowledge of securitization ( MBS, ABS, CLN) an assetHighly developed written and oral communication skillsAbility to thrive under tight deadlines independently or in a team-based environmentAdvanced problem-solving skills, analytical thinking and sound judgementStrong leadership and organizational skills, detail oriented, highly motivated and adaptable to a changing business environmentStrong understanding of business unit’s risk and regulatory requirementsStrong understanding of internal business partner’s business, services and organizationKnowledge of departmental systems and applications supporting a range of financial productsAdvanced Microsoft Office skills particularly in Excel, VBA/ MacroExperience in working on process/system improvement is desired

Salary:

$54,500.00 - $101,500.00

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.