Associate, Interest-Rate Derivatives, Trade Desk Support

  • Company:
    BMO Harris Bank
  • Location:
  • Salary:
    negotiable / monthly
  • Job type:
    Full-Time
  • Posted:
    3 weeks ago
  • Category:
    Business / Mgmt

Responsible for on-desk support of Interest Rate Derivatives & CMB Aggregation business for Toronto Sales & Trading Accountabilities: Reconcile T+0/T+1 P&L (trader estimate to Calypso) Book trades in MarkitWire (MW) Perform trade affirmation on all non MW trades on T0 Perform MW-calypso reconciliation and resolve breaks Monitor trade workflow between MW and Calypso and investigate and resolve issues Resolution of daily queries regarding the activities within the business Investigate and resolve position breaks and trade exceptions through daily reconciliations Liaise with settlements and confirms groups for operational issues Ensure trades in pending status in Calypso have been verified by EOD Actively contribute to new business or process change initiatives through collaboration with other departments Manage system enhancements / Ad hoc FO reporting requests Ability to take on a leadership role and help develop & support the newly created CMB Aggregation business as it ramps up Ensure new hedged strategy booked in Calypso accurately represents the synthetic pool of mortgages, performing a reconciliation and highlighting any issues to the desk Support the desk with monthly/ad-hoc reinvestment obligations, performing trade bookings, liaising with CHT and requesting wires transfers Continuously update MortgageHub to ensure it’s current with the latest reinvestment information Develop working relationships with CHT, external counterparties and various internal team to ensure the CMB program operates efficiently Verify daily input of pool and rate info is accurately represented in the trading system Update the linkages between the hypothetical pool to the underlying hedged swaps Monitor daily report from Mortgage Hub Process wire transfers Perform daily cash reconciliation & various ad-hoc reconciliations to verify accurate trade capture Work closely with the business to help with the implementation of any new processes/initiatives required as the business continues to grow Responsible for on-desk support of Interest Rate Derivatives & CMB Aggregation business for Toronto Sales & Trading Accountabilities: Reconcile T+0/T+1 P&L (trader estimate to Calypso) Book trades in MarkitWire (MW) Perform trade affirmation on all non MW trades on T0 Perform MW-calypso reconciliation and resolve breaks Monitor trade workflow between MW and Calypso and investigate and resolve issues Resolution of daily queries regarding the activities within the business Investigate and resolve position breaks and trade exceptions through daily reconciliations Liaise with settlements and confirms groups for operational issues Ensure trades in pending status in Calypso have been verified by EOD Actively contribute to new business or process change initiatives through collaboration with other departments Manage system enhancements / Ad hoc FO reporting requests Ability to take on a leadership role and help develop & support the newly created CMB Aggregation business as it ramps up Ensure new hedged strategy booked in Calypso accurately represents the synthetic pool of mortgages, performing a reconciliation and highlighting any issues to the desk Support the desk with monthly/ad-hoc reinvestment obligations, performing trade bookings, liaising with CHT and requesting wires transfers Continuously update MortgageHub to ensure it’s current with the latest reinvestment information Develop working relationships with CHT, external counterparties and various internal team to ensure the CMB program operates efficiently Verify daily input of pool and rate info is accurately represented in the trading system Update the linkages between the hypothetical pool to the underlying hedged swaps Monitor daily report from Mortgage Hub Process wire transfers Perform daily cash reconciliation & various ad-hoc reconciliations to verify accurate trade capture Work closely with the business to help with the implementation of any new processes/initiatives required as the business continues to grow Knowledge and Skills: 5+ years of business related experience in the financial services industry •University Degree/College Diploma in related discipline •Strong knowledge and understanding of a range of Financial Products including: Fixed Income, Money Markets, and Interest Rate Derivatives •Knowledge of Financial Markets and Regulatory oversight bodies •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 details •Demonstrates analytical thinking and sound judgement 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 We’re here to help At BMO we have a shared purpose; we put the customer at the centre of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank. 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. Knowledge and Skills: 5+ years of business related experience in the financial services industry •University Degree/College Diploma in related discipline •Strong knowledge and understanding of a range of Financial Products including: Fixed Income, Money Markets, and Interest Rate Derivatives •Knowledge of Financial Markets and Regulatory oversight bodies •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 details •Demonstrates analytical thinking and sound judgement 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 We’re here to help At BMO we have a shared purpose; we put the customer at the centre of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank. 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. OperationsOperationsCanada-Ontario-TorontoCanada-Ontario-TorontoGlobal Operations-X000070Global Operations-X000070full-timefull-time10/09/1810/09/1811/01/1811/01/18