Associate, GMO Securitization

at  BMO Financial Group

100 King Street West Toronto Ontario,M5X 1A1
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 regulations
• development of excellent working relationships with various Trading Products desks, Product Operations personnel and other stakeholder groups
• support 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 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 GTS activities
• Work closely with internal and external stakeholders in support of GTS 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
• Other tasks as assigned

B. Risk & Control

• Identify potential risk situations within the scope of GTS 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&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 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&P’s
• 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&P’s
• 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 GTS activities
• Deliver exceptional customer service that builds trust through responsive, accurate, consistent, knowledgeable and available services and support
• Develop excellent working relationships with CM 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, equities, credit, commodities and derivatives
• Knowledge of the financial markets and regulatory oversight bodies
• General knowledge of securitization ( MBS, 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 working on process/system improvement is desired

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

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