Associate, Equity Derivatives Trade Desk Support

Bank of Montreal • New York, NY

2d

About The Position

The Equities Derivative Trade Desk Support Associate works closely with Global Structured Products trading desks, providing support for pre- and post-execution events. The role helps ensure downstream feeds are set up for Structured Notes, Equities, OTC Equity, and Interest Rate Derivatives, and serves as a liaison between trading desks and other stakeholders. It supports booking new strategies and daily transaction capture for downstream analytics and financial accounting, while maintaining governance and controls over trade capture.

The Associate advises assigned business groups on implementing solutions, supports strategic initiatives, monitors performance, analyzes data, and prepares reports and dashboards. The role also participates in change management, communications planning, operational program planning, process improvement, and the testing and implementation of projects and new or revised products, services, and processes.

The position handles routine and non-routine transactions, inquiries, audit and reconciliation activities, and complex operational issues. It checks and reconciles information, resolves trade discrepancies, communicates with clients and stakeholders, and escalates issues when needed. The Associate follows documented procedures, meets service-level agreements, understands relevant regulatory requirements and operational risks, and may support team coordination, training, coaching, vendor solutions, and back-up coverage for team members and the manager. Work focuses primarily on a business group within BMO, with possible broader enterprise-wide scope.

Requirements

• Typically 2–4 years of relevant experience and a post-secondary degree in a related field, or an equivalent combination of education and experience.
• In-depth 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 business risk and regulatory requirements.
• Good prioritization skills.
• In-depth customer service skills.
• In-depth PC skills, including MS Word, Excel, and PowerPoint.
• Ability to multitask in a fast-paced environment.
• Technical proficiency gained through education and/or business experience.
• In-depth verbal and written communication skills.
• In-depth collaboration and teamwork skills.
• In-depth analytical and problem-solving skills.
• In-depth influence skills.
• In-depth data-driven decision-making skills.

Responsibilities

• Provide pre- and post-execution support to Global Structured Products trading desks.
• Ensure downstream feeds are set up for Structured Notes, Equities, OTC Equity, and Interest Rate Derivatives, and liaise between trading desks and stakeholders.
• Support booking new strategies and capture daily transaction information for downstream analytics and financial accounting.
• Maintain governance and controls over trade capture.
• Advise assigned business groups on implementing solutions and make recommendations based on business strategy and stakeholder needs.
• Support strategic initiatives and help determine business priorities and execution sequence.
• Respond to internal business partners and external customers, including standard and non-standard inquiries.
• Monitor and track performance, address issues, and analyze data to provide insights and recommendations.
• Gather and format data for regular and ad-hoc reports and dashboards.
• Build change management plans and lead or participate in readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment activities.
• Help define communication plans, develop tailored messaging, and identify distribution channels.
• Provide input into operational program planning and may coordinate and schedule work, forecast resources, assign work, review output, contribute to performance reviews, and support quality control and team training or coaching.
• Complete transactions, inquiries and requests, and audit or reconciliation activities; analyze and resolve complex issues in accordance with Bank and industry standards.
• Act as primary back-up to team members and back-up to the manager.
• Evaluate circumstances requiring exceptions and engage senior management when necessary; refer non-routine issues to more senior team members or the manager as appropriate.
• Identify business needs and design or develop tools and training programs, and possibly deliver training.
• Support vendor solutions and may act as the day-to-day vendor contact.
• Contribute to continuous improvement of business processes and procedures, and participate in project and process planning, testing, and implementation.
• Follow documented policies and procedures and meet service-level agreements.
• Check and reconcile information and documentation for accuracy and completeness; identify and resolve discrepancies in a timely manner.
• Work directly with clients to resolve trade issues or escalate as required.
• Develop and maintain effective relationships with internal and external stakeholders and collaborate to deliver business objectives.
• Collaborate on developing and implementing new processes and systems and improving existing ones.
• Understand operational regulatory requirements and risks, take appropriate action, and maintain operational integrity.
• Support development of tools and delivery of training focused on business results.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included in total compensation, along with other perks and rewards.
• Training and coaching, manager support, and network-building opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree