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BMO Financial Group Fixed Income Product Control Associate in Virtual, Florida

Under the direction of the Associate Director, Product Control this role is the full scope product controller for a multitude of Fixed Income Rates desks including Primary Dealer, High Yield, Secured Funding, ABS Origination, CMBS Securitization, RMBS Warehouse, and Global Securities Lending lines of business. This includes daily P&L and PAA reporting, full balance sheet and income statement line management, monthly analysis and ad-hoc reporting.

KEY ACCOUNTABILITY AREAS:

A. P&L and PAA (Profit Attribution Analysis) Reporting

B. Balance Sheet and Income Statement line item management

C. Analysis and process improvement

SPECIFIC ACCOUNTABILITIES:

A. P&L Reporting

· Oversee and review accurate daily P&L and PAA for the various Fixed Income trading desks focusing on but not limited to the following: US Treasuries, Gov’t Agencies, Corporate bonds, Repos, Bond Futures, IRS, CDS, Stock Loan, Stock Borrow, FX spot trades

· Review for large fluctuations daily and bring to the attention of management

· Oversee Front-Office to Back-Office reconciliations

· Gain a working knowledge of the trade flow process from inception to G/L

· Develop a thorough understanding of the G/L’s and settlement systems (ICI, LoanIQ, Calypso, GMI, ADP, Global One, BFAM, Imagine, Coda, S4 Hanna, Progress/Essbase)

· Ensure correct bookings in the general ledger

· Ensure that new products are set up correctly in the P&L tracking process

B. Balance Sheet and Income Statement line item management

· Have an understanding of product related balance sheet and income statement line items

· As appropriate, record, upload, reconcile and/or coordinate all general ledger postings for product related activity (e.g. balance sheet, revenue)

· Prepare P&L and Balance Sheet Reconciliations as part of month-end close

· Coordinate with legal entity and regulatory accounting, risk, operations, and other support groups

C. Analysis and process improvement

· Create and update monthly analysis with regard to key business drivers

· Prepare commentary and standard period over period analysis

AUTHORITIES:

· The holder of this job has access to various financial systems (general ledgers, sub-ledgers, and reporting systems).

CROSS FUNCTIONAL DEPENDENCIES

· This job has cross functional dependencies to the rest of Global Middle Office, CM Finance, as well as Risk, Tax, etc. departments that support the businesses.

SCOPE AND IMPACT:

· This job requires tracking a number of products housed in various systems.

· Liaise with desk personnel on daily issues

· Peak periods will include various monthly reporting deadlines and other deliverables consistent with the role.

KNOWLEDGE, SKILLS AND COMPETENCIES:

a. Knowledge

· Undergraduate Degree in Accounting or Finance

· Minimum of 3-5 years of experience in financial services industry.

· CFA / CPA and/or Series 99/Series 7 a plus.

· Prior experience with Fixed Income products, accrual-based products, and/or risk based PnL explain preferred.

b. Skills and Competencies

· Strong knowledge of the Fixed Income market and rates products.

· Excellent computer skills. Ability to learn systems quickly.

· Ability to manage multiple tasks and meet deadlines, without compromising data integrity.

· Strong communication and relationship building skills.

· Strong interpersonal and leadership skills.

· Strong customer service and client focus.

Compensation & Benefits:

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

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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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