800 rue de la Gauchetiere O
Job Family Group:
Customer Shared ServicesCorporate Actions
The Associate of Corporate Actions will require an independent, self-motivated individual that will provide daily Corporate Action support of Global Equity Finance & Stock Loan Operations, for developing and executing goals and objectives regarding business delivery and operational effectiveness for internal business partners and external customer relationship management, change and risk management and control, within the context of the approved operational plan and team objectives. Daily responsibilities include the reconciliation and processing of North American and International corporate action events across all the Equity Finance platforms for Capital Markets. SME on the FIS XSPRISA and ETRAN+ platforms. Tasked with assisting BPO personnel to ensure all CMC Corporate Action processes and controls are performed to the BMO standard. Provides daily Operational support functions to BMO trading/lending desks as well as the underlying Swap Prime Brokerage clients.SUMMARY OF QUALIFICATIONS
Manage and monitor complex corporate action types that have a significant amount of risk associated.
Make independent decisions within established guidelines, procedures and Letter of Authority/authority levels in resolution/escalation of problems, including system, software and hardware failures.
Escalate all unresolved processing issues to the appropriate level, as the guidelines.
Develop initiatives to avoid repetition of operational issues.
Act as SME in Corporate Actions & Entitlements
Recommend business performance improvement
Prioritize work in accordance with policy and severity of service impact to minimize financial/customer impacts
Ensure authorizations and approvals are obtained in accordance with firm policies and controls
Maintain key controls and review processes quarterly
Identify potential risk situations within the scope of work (e.g. risk assessments), make recommendations and/or escalate to senior management, where appropriate, and ensure contingency plans exist.
Contribute to the management of risk and minimize losses through monitoring and controlling various reports and taking appropriate actions, ensuring compliance requirements, audits and verifications are completed in accordance with Bank P&Ps.
10-15 years of related work experience
Strong knowledge and understanding of the overall scope of Asset servicing processing .
Solid knowledge and understanding of all traded products of Capital Markets
Solid knowledge of standard desktop applications used by the business unit (i.e. Microsoft Office; Internet Explorer)
Solid knowledge and understanding of business unit's key products and services, proves and controls
Solid understanding of business unit's risk and regulatory requirements
Solid knowledge of departmental systems and applications mandatory:
Depos: DTC/ CDS / Euroclear
Solid understanding of internal business partner's, services and organization
University degree or equivalent work experience
Investigate, on the fly, unexpected balancing issues and immediately liaison with Business partners in order to facilitate timely resolution of any issues.
Work effectively with high volume of corporate action events that have deadline constraints
Understand the intricacies of transactions within multiple lines of business and have the confidence to make quick/sound decisions
Build strong relationships internally within BMO Capital Markets and externally with Counterparties on the street as well as with various vendors.
Strong prioritization skills
Strong written and oral communication skills
Ability to multi-task in a fast-paced environment
Project Management experience / guiding the implementation and integration of new key systems.
BPS/ADP, Global One, FIS XSPRISA, IMatch, Global Frame Work, DTC, CDS and BNP NeolinkWe'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 www.jobs.bmo.ca/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.
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