Associate Director, OTC Derivatives Confirmations

BMO•Toronto, ON

7d•Onsite

About The Position

The Associate Director is a senior member of Capital Markets Operations, accountable for the strategic oversight and governance of the trade confirmations and affirmations function across Metals, Commodities, Energy, and Emissions. The role provides operational leadership for confirmation integrity, timeliness, and control effectiveness, ensuring that all trading activity is accurately agreed with counterparties, operational risk is minimized, and regulatory standards are consistently met.

Requirements

Extensive experience in Markets Operations, with deep expertise in trade confirmations and affirmations across commodities, metals, energy, or emissions.
Strong understanding of the trade lifecycle and the critical role of confirmations in mitigating operational and counterparty risk.
Demonstrated ability to lead complex workflows, manage risk, and influence senior stakeholders.
Proven judgment, decisiveness, and accountability in high‑pressure, time‑sensitive environments.
Clear, confident communicator with strong written and verbal skills.

Nice To Haves

Cross‑asset product knowledge spanning Metals, Commodities, Energy, and/or Emissions.
Experience with electronic confirmation and matching platforms.
Prior leadership in audit, regulatory engagement, or large‑scale process change initiatives.

Responsibilities

Own the end‑to‑end confirmations and affirmations framework for trading activity across Metals, Commodities, Energy, and Emissions.
Set standards for confirmation issuance, matching, and affirmation quality across bilateral and electronic workflows.
Provide senior oversight of confirmation timeliness, aged items, and material discrepancies.
Act as the primary escalation point for high‑risk or complex confirmation issues, driving resolution with Trading, Legal, and counterparties.
Maintain strong governance over confirmation‑related operational risk, regulatory compliance, and audit readiness.
Ensure effective monitoring of key risk indicators, exception trends, and control performance.
Partner with Risk and Compliance to address emerging risks, regulatory changes, and remediation actions.
Lead engagement with internal audit, regulatory reviews, and control testing activities relevant to the confirmations lifecycle.
Serve as a senior operations partner to Trading, Risk, Legal, Credit, Technology, and Settlements.
Provide subject‑matter expertise on confirmations processes for new products, structures, and counterparties.
Represent Operations in business initiatives requiring confirmation model changes or enhancements.
Maintain strong external counterparty relationships to support timely resolution of confirmation matters.
Drive the strategic direction, standardization, and automation of confirmations processes across asset classes.
Sponsor and support technology initiatives aimed at improving straight‑through processing and risk reduction.
Oversee procedure documentation, knowledge transfer, and operational resilience planning.
Provide leadership, coaching, and escalation support to the confirmations team, fostering a strong ownership and risk‑aware culture.