Senior Associate, Interest Rate Derivatives Trade Desk Support

About the role

Accountable for the execution of assigned FICC Trade 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.

Responsibilities

• Execute assigned on-desk trade support activities in a timely, accurate, and efficient basis.
• Book, validate, and amend trades, affirm and allocate trades (Markitwire), review trade discrepancies, and follow up with clients.
• Perform PnL, Risk, trade, and position reconciliations.
• Support the resolution of discrepancies/exceptions, escalating to management as required.
• Support the introduction of new products, technology, or processes aligned with Business Partner initiatives, participating in analysis, testing, and implementation activities.
• Work closely with internal and external stakeholders in support of FICC Trade Support Activities.
• Participate in various stakeholder forums (Project Delivery/Technology/Regulatory/Risk) in support of FICC Trade Support Activities.
• Compile risk metrics for management.
• Identify potential risk situations within the scope of FICC Trade 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.
• 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.
• Maintain strict confidentiality for both customer and Bank information to protect the customer and the Bank and ensure compliance with Bank P&Ps.
• Contribute to testing and updating 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 practice guidelines and industry regulations.
• Identify opportunities to improve the operational effectiveness of assigned day-to-day FICC 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 a global view across the business.
• Align individual performance goals to the team.
• Demonstrate behaviors consistent with “Being BMO”.

Requirements

• 7+ years of business-related experience in the financial services industry.
• University Degree/College Diploma in a related discipline.
• In-depth knowledge of the following products: Interest Rates Swaps, Inflation Swaps, Swaptions, CapFloors, Futures, Bonds.
• Strong knowledge and understanding of a range of Financial Products including: Interest Rate Derivatives, US Treasuries, Swaptions, CapFloors, Futures, etc.
• Knowledge of Financial Markets and Regulatory oversight bodies.

Skills

• 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 detail.
• Demonstrates analytical thinking and sound judgment 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.
• Calypso would be an asset.
• Markitwire would be an asset.

Pay

Salary: $81,400.00 - $151,800.00 (salaried). Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on the number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position. BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards.

Benefits

• Health insurance.
• Tuition reimbursement.
• Accident and life insurance.
• Retirement savings plans.
• Performance-based incentives and discretionary bonuses.
• Other perks and rewards.

For more details on benefits, visit: BMO Total Rewards.