BMO Financial Group Regulatory Reporting Operations Role in Montreal, Quebec
800 rue de la Gauchetiere O
Job Family Group:
Customer Shared Services
The Regulatory Services team works closely with Capital Markets, Compliance and Technology to support key regulatory reporting obligations of BMO and its subsidiaries, globally.
The regulatory reporting processes are regulatory mandated requirements for Banks and Dealers to comply with a significant number of trade reporting processes, often under time restrictions from the point of trade.
The group consists of senior Middle Office specialists based in the main centres for BMO’s Capital Markets activities (Toronto, Montreal, New York, London).
The role reports into the Regulatory Services Europe manager, as part of BMO Capital Markets & International Operations.
The ideal candidate will have experience in supporting Transaction Reporting or have had at least 3 years experience in booking and supporting Capital Markets products, predominantly in the exception remediation space.
Be responsible for successfully delivery of tasks including but not limited to:
Root cause analysis and remediation of transaction reporting exceptions
Delivery of management metrics
User acceptance testing
Escalation of issues to Management where required
Managing time to deliver best possible Compliance to BMO’s Transaction reporting obligations
Partnering with Front Office, Middle Office, Technology, Operations, Legal, Compliance, Supervision & other stakeholder groups
Be responsible for diligently and efficiently managing day to day workload, ensuring communicating clearly with management if any issues regarding ability to complete daily workload and/or identification of any compliance issues.
KNOWLEDGE AND SKILLS
A university degree
Minimum 3 years’ experience working in Capital Markets and/or Regulatory Reporting
Understanding of Capital Markets products, including both FICC & Equities, and how the products and lifecycle events link to regulatory reporting requirements
Knowledge of Securities Financing products such as Repos and Securities Lending would be beneficial
Regulatory reporting (transaction reporting) knowledge; EMIR, MiFID, SFTR, etc. – the data, architectures and flows
Experience with investigating and remediating exceptions, producing test plans and executing test cases
Hands-on experience working on change initiatives
Strong understanding of risk-based prioritisation
Excellent written and verbal communication skills
Ability to apply judgement and sound decision-making is critical
Ability to work with team members & stakeholders located in several different locations
Ability to explain complex business and / or technical concepts to stakeholders across a wide spectrum of business areas
Comfortable working in a fast paced environment that requires an agile approach to recommending solutions to issues & problems
Detail and results-oriented
High level of adaptability, able to prioritize and manage multiple tasks at the same time
Personable and able to partner with teams in a cross functional environment
Prior experience of Jira and Excel would be beneficial
Ability to work with large volumes of data helpful
We’re here to help
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.
BMO Financial GroupServing customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.