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BMO Financial Group Associate - Interest Rate Derivatives Trade Desk Support in Chicago, Illinois

Accountable for the execution of assigned FICC Sales Support activities for various products and processes that require specialized handling and skills applying in-depth product knowledge. Support the introduction of new products, technology or processes. Develop and maintain excellent working relationships with Capital Markets Trading Products desk, Product Operations personnel and other stakeholder groups.

Ensure adherence to related regulatory and Bank policies and procedures (P&Ps). Analyze and advise on the implications of new product introductions and change initiatives.

A. Product & Process

  • Accountable for the execution of assigned on-desk sales support activities in a timely, accurate and efficient basis.

  • Book, validate and amend trades, affirm and allocate trades (Markitwire, CTM), review trade discrepancies and follow up with clients, perform PnL, Risk, trade and position reconciliations

  • Work side by side with Sales staff

  • Help build trade structures to get ready for pricing, send out trade recaps, monitor chats, run credit checks to ensure we are good to trade, etc.

  • In depth knowledge of the following products: USD Swaps, XCCY Swaps, FRAs, Futures, Bonds

  • Support the resolution of discrepancies/exceptions, escalating to management as required.

  • Support the introduction of new products, technology or processes that are in line with Business Partner initiatives participating in the analysis, testing and implementation activities.

  • Work closely with internal and external stakeholders in support of FICC Sales Support Activities.

  • Participate in various stakeholder forums (Project Delivery/ Technology/ Regulatory/ Risk) in support of FICC Sales Support Activities.

  • Compile risk metrics for management.

B. Risk & Control

  • Identify potential risk situations within the scope of FICC Sales Support activities, escalating to management as required.

  • Ensure adherence to directives, internal processes and internal approvals to mitigate risk to the Bank

  • Understand regulatory and compliance requirements as prescribed for the business unit to ensure adherence as required.

  • Ensure adherence to all aspects of FirstPrinciples, 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&Ps) for such things as potential conflicts of interest, safeguarding of customer information, trading in securities, anti-money laundering, privacy and disclosure of outside business activities.

  • Ensure strict confidentiality is maintained for both customer and Bank information to protect the customer and the Bank and to ensure compliance with Bank P&Ps.

  • Contribute to testing and updating of contingency planning to support the business and maintain continuity of critical processes throughout a contingency event.

  • Contribute to ensuring all procedures/ standards of team(s) are documented and regularly reviewed and updated as needed in accordance with market best practise guidelines and industry regulations.

C. Business Performance Management

  • Identify opportunities to improve the operational effectiveness of assigned day-to-day FICC Sales Support activities.

  • Deliver exceptional customer service that builds trust through responsive, accurate, consistent, knowledgeable and available services and support.

  • Develop excellent working relationships with Capital Markets Trading Products desks, Product Operations and other stakeholder groups ensuring we have a global view across the business.

  • Align individual performance goals to the team.

  • Demonstrate behaviors that are consistent with “Being BMO”.

Knowledge and Skills:

  • 5+ years of business related experience in the financial services industry

  • University Degree/College Diploma in related discipline

  • Strong knowledge and understanding of a range of Financial Products including: Interest Rate Derivatives, US Treasuries, Futures, etc.

  • Knowledge of Financial Markets and Regulatory oversight bodies

  • Strong written and oral communication skills

  • Ability to work under tight deadlines independently or in a team-based environment

  • Strong investigation and problem solving skills and attention to details

  • Demonstrates analytical thinking and sound judgement when making decisions

  • Good organizational skills, highly motivated and adaptable to a changing business environment

  • Good understanding of business unit’s risk and regulatory requirements

  • Good understanding of internal business partner’s business, services and organization

  • Knowledge of departmental systems and applications supporting a range of Financial Products

  • Advanced Microsoft Office skills particularly in Excel

Compensation & Benefits:

Annual base salary: 54,700.00 - 78,150.00 - 101,600.00 USD Annual USD Annual

The base salary range represents the anticipated low and high end of the BMO Financial Group's salary range for this position. Actual salaries will vary and will be based on various factors, such as skill, experience and qualification for the role. This position is also eligible for a bonus plan.

The base salary and potential bonus is one component of BMO Financial Group's total compensation package for employees. Other rewards and benefits include health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: www.bmousbenefits.com .

We’re here to help

At BMO Harris Bank 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 Harris Bank 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.bmoharris.com

BMO Harris Bank 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. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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 Harris Bank does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO Harris Bank, directly or indirectly, will be considered BMO Harris Bank property. BMO Harris Bank 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.

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