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BMO Financial Group Settlement Analyst in Toronto, Ontario

Address:

55 Bloor Street West

Job Family Group:

Customer Shared Services

  • Authorizing Settlements on respective shared product systems

  • Oversee Investigation and resolution of Settlement discrepancies

  • Investigate and resolve Nostro breaks

  • Review and authorize Static Data

  • Oversee timely resolution of counterparty settlement queries

  • Liaise with Management, Front Office and Customer on settlement related issues

  • Oversee units participation in Business Contingency Preparedness (BCP) activities.

  • Leadership role in compliance requirements example; Management Control Assessments (MCA)

  • Leadership role in Internal audits (CAD)

  • Leadership role in External audits (KPMG)

  • Leadership role in regulatory reviews (DFA)

Provides support and delivers specific operational processes to ensure timely and accurate settlement of Security, Derivative, Foreign Exchange and Money Market transactions executed globally, and confirms the activity is accurately recorded in the bank's book of records. Specific operational processes include pre and post settlement support related to account opening, confirmation, cash management, margin, and collateralization. Also provides support for specialized operations - Asset Servicing (corporate actions/entitlements), Correspondent Banking Services, and the Wire Payment Operations hub for the bank. Ensures compliance with all regulatory topics and reporting requirements related to the products and processes it supports.

Qualifications:

  • 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.

  • Typically between 3 - 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

  • Knowledge and experience using relevant systems and technology – In-depth.

  • Knowledge and understanding of the business unit’s key products and services, processes and controls – In-depth.

  • Knowledge of the risk and regulatory requirements of the business – Good.

  • Prioritization skills – Good.

  • Customer service skills – In-depth.

  • PC skills (MS Word, Excel, PowerPoint) – In-depth.

  • Specialized knowledge from education and/or business experience.

  • Verbal & written communication skills - In-depth.

  • Collaboration & team skills - In-depth.

  • Analytical and problem solving skills - In-depth.

  • Influence skills - In-depth.

We’re here to helpAt 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://bmocareers.com.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.

BMO Financial GroupServing customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.

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