Senior Analyst, Safekeeping

The Senior Analyst is responsible for supporting any one of 3 closely related focuses: 1) Clearing fixed income trades executed by traders for BMO Bank, BMO Harris Investment Corp., or BMO Bank safekeeping customers; 2) Processing P&I payments and reconciling differences between various custodians and internal system of record; 3) Settlement and monitoring of both internal and correspondent bank funding activity. This role will also work closely with the Investment Portfolio Accounting team. The main focuses of this team include but are not limited to: 1) Working with internal and external partners to provide timely and accurate bond accounting reporting; 2) Servicing as operations liaison for securities and cash collateral management and pledged securities monitoring for internal and external partners; and 3) Provide operational support for Federal Funds transactions. Employee will be required to learn each of the above roles in order to be able to complete routine and non-routine transactions, address internal business partner and/or external customer inquiries/requests, respond to audit requests, and solve more complex issues efficiently and effectively in accordance with Bank and industry standards.

Roles and Responsibilities

• Follow department SOX controls when processing daily work.

• Review client inquires, scheduled or on-demand, troubleshoot/resolve problems independently, escalate all unresolved processing problems to the appropriate level as per guidelines.

• Investigate accounting and P&I breaks related to various reconciliations and system entries.

• Create, update, and document procedures for applications developed (BMAs), identify new opportunities for improving processes for efficiency.

• Act as SME to translate business objectives into plans that can be implemented for small- to midsized initiatives, including process redesign to compliment the change management/ product support strategy for the commodity business unit, adhering to and maintaining established standards and practices; represent technical business needs and requirements in the introduction of new/ revised processes and systems.

• Prepare daily and monthly reconciliation activities & reports, provide commentary on discrepancies and outliers.

• Provide complete coverage of multiple desks during staffing shortages.

• Maintain appropriate audit trails for all tasks.

Knowledge and Skills

Knowledge:

• Bachelor’s degree or equivalent work experience

• 1 to 2 years of Securities or Finance Industry experience recommended

• Proficient with Microsoft Office applications (Outlook, Excel, etc..)

• Knowledge of the different types of fixed income securities • Good understanding of the business unit’s risk and regulatory requirements

Skills:

• Good analytical and problem-solving skills

• Good investigation, prioritization, organizational skills

• Good customer service and relationship management skills

• Change leadership skills

• Good written and oral communication skills

• Ability to multi-task in a fast-paced environment

Salary:

$41,714.00 - $77,500.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

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 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. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

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/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin,