BMO Financial Group Senior Analyst, Global Middle Office-Securitization in Toronto, Ontario
100 King Street West
Job Family Group:
Customer Shared Services
Accountable for the execution of assigned Global Trade Support activities for various products and processes in accordance with firm and industry standards and regulations. 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 and play a key role in supporting the introduction of new products, technology or processes. Act as an escalation point for business issues and challenges related to Global Trade Support activities.
Accountable for the development of excellent working relationships with Capital Markets Trading Products desks, Product Operations personnel and other stakeholder groups. Accountable for the support of Business Partner initaitves, participating in the due diligence and implementation activities and actively participating in stakehelder forums (Project Delivery/Technology/Risk).
Product & Process
Accountable for the execution of assigned day-to-day Global Trade Support Activities in a timely, accurate and efficient basis
Support the resolution of business issues, ensuring potential problem areas or trends are escalated to management as required
Play a key role in the support of Business Partner initiatives, effectively performing analysis and supporting implementation activities
Participate in various stakeholder forums (Project Delivery/ Technology/ Regulatory/ Risk) in support of Global Trade Support Activities
Work closely with internal and external stakeholders in support of Global Trade Support Activities
Calculating 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 losses.
Crucial 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 clients
Ensure timely funding amounts are sent to clients; reconcile client requests and set up client wires
Create client invoices and respond to client requests
Provide assistance with critical month end and year end reporting
B. Risk & Control
Identify potential risk situations within the scope of Global Trade Support activities, make recommendations and/or escalate 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, and provide recommendations and implement actions to ensure adherence as required
Ensure 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&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
Manage 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&Ps
Ensure deal forms are kept current in order to accurately calculate client fees and issue invoices
Ensure 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 Global Trade 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 and organizational goals
Demonstrate behaviours that are consistent with “Being BMO”
Knowledge and Skills
3 - 5 years of business related experience in the financial services industry
University Degree/College Diploma in related discipline
Advanced knowledge and understanding of a range of Financial Products including: Fixed Income, Equity, Credit, Commodities and Derivative Financial Products
Knowledge of Financial Markets and Regulatory oversight bodies
Knowledge for securitization (NHA MBS, CMB, ABS, CLN) an asset
Highly developed written and oral communication skills
Ability to thrive under tight deadlines independently or in a team-based environment
Advanced problem solving skills, analytical thinking and sound judgement
Strong leadership and organizational skills, detail oriented, highly motivated and adaptable to a changing business environment
Strong understanding of business unit’s risk and regulatory requirements
Strong 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, VBA/Macro
Experience in process and/or change management
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 Group Serving 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.