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BMO

OTC Derivative Confirmations Specialist

BMO
Location
Montreal, QC
Details
Full Time
3 days ago
Address:
800 rue de la Gauchetiere O

Job Family Group:
Customer Shared Services

The OTC Derivative Confirmations Specialist will be responsible for the drafting and execution of OTC Derivative Confirmations for interest rate, commodity or equity derivatives. This includes both electronic industry platforms and paper. Communicate directly with clients and numerous internal groups. Contribute to the creation and ongoing execution of effective processes associated with Derivative Confirmations. Ensures compliance with all regulatory topics and reporting requirements

  • Provides advice and guidance to assigned business/group on implementation of solutions.

  • Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.

  • Communicates with internal business partners and external customers to respond to standard and non-standard inquiries.

  • Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.

  • Monitors and tracks performance, and addresses any issues.

  • Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.

  • Executes work to deliver timely, accurate, and efficient service.

  • Resolves standard and relatively straightforward issues, referring non-routine issues to more senior team members and/or manager.

  • May function as a problem-solving resource for more junior staff.

  • Provides input and analysis into and participates in the planning, testing and implementation of continuous improvement projects as required.

  • Follows documented policies and procedures to execute day to day transactions, activities, processes and ensure all Service Level Agreements(SLAs) are met. Checks and reconciles information and documentation to ensure accuracy and completeness.

  • Analyzes data and information to provide insights and recommendations.

  • Identifies and analyzes issues and problems, and resolves discrepancies in a timely manner. Deals with clients directly to resolve issues and/or escalates as required.

  • Communicates and collaborates with internal and external stakeholders in order to deliver on business objectives.

  • Develops and maintains effective relationships with internal & external stakeholders to execute work and fulfill service delivery expectations.

  • Communicates and collaborates with internal and external stakeholders in order to deliver on business objectives.

  • Understands the regulatory requirements and risks inherent in the operations and ensures appropriate actions are taken and operational integrity is maintained.

  • Collaborates in development/implementation of new processes/systems and changes/improvements to existing systems and processes.

  • Supports the development of tools and delivery of training focused on delivering business results.

  • Focus may be on a business/group.

  • Thinks creatively and proposes new solutions.

  • Exercises judgment to identify, diagnose, and solve problems within given rules.

  • Works mostly independently.

  • Broader work or accountabilities may be assigned as needed.



Qualifications:

  • Minimum of 5 years of relevant experience in OTC Derivatives

  • Extensive knowledge of interest rate, commodity and/or equity OTC derivative products

  • Outstanding communication skills for interactions with clients and internal teams

  • Attention to detail is essential in the drafting process

  • Able to manage in fast paced environment with conflicting priorities

  • Strong analytical and problem solving skills

  • Proven ability to identify opportunities for process efficiencies


Preferred Work location - Montreal, Quebec

Secondary Work Location - Toronto, Ontario

We'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.
Category
Customer Service and Support