Associate, Equity Derivatives Trade Desk Support

BMO • New York, NY

4d • $65,000 - $140,000

About The Position

The Equity Derivatives 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 for Structured Notes, Equities, OTC Equity, and Interest Rate Derivatives are set up, and serves as a liaison between the Trading desk and other stakeholders. The Associate supports and books new strategies, captures daily transaction information for downstream analytics and financial accounting, and helps maintain governance and controls over trade capture.

The position provides guidance to business groups, develops recommendations aligned with business strategy and stakeholder needs, and supports strategic initiatives, operational programs, and process improvements. It handles routine and non-routine transactions and inquiries, audit and reconciliation activities, trade issues, reporting, change management, and collaboration with internal and external stakeholders. The Associate follows documented policies and procedures, meets service-level agreements, maintains operational integrity, and understands applicable regulatory requirements and risks. The role may also support team coordination, training, vendor solutions, and serve as backup to team members and the manager.

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 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.
• Help set up downstream feeds for Structured Notes, Equities, OTC Equity, and Interest Rate Derivatives, and liaise between the Trading desk and stakeholders.
• Support and book new strategies and capture daily transactional information for downstream analytics and financial accounting.
• Maintain appropriate governance and controls over trade capture.
• Provide advice and guidance on 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.
• Prepare regular and ad hoc reports and dashboards.
• Build, lead, or participate in change management activities, including readiness assessment, planning, stakeholder management, execution, evaluation, and sustainment.
• Contribute to communication plans and develop tailored messaging for change initiatives.
• Provide input into operational program planning and, as needed, coordinate and schedule work, forecast resources, support workflow, review output, and provide quality control, training, coaching, and problem resolution.
• Complete transactions, inquiries and requests, and audit or reconciliation activities; analyze and resolve complex issues in accordance with Bank and industry standards.
• Act as a primary backup to team members and backup to the manager; escalate exceptions to senior management when required.
• Identify business needs and develop tools and training programs, which may include delivering training.
• Support vendor solution implementation, maintenance, and sustainment, and may act as the day-to-day vendor contact.
• Contribute to continuous improvement of processes and procedures and participate in planning, testing, and implementation of projects and product, service, or process changes.
• Follow documented policies and procedures, meet service-level agreements, and check and reconcile information and documentation for accuracy and completeness.
• Identify and resolve discrepancies and trade issues promptly, working directly with clients and escalating as needed.
• Collaborate with internal and external stakeholders and maintain effective relationships to meet business objectives and service expectations.
• Collaborate on the development and implementation of new processes and systems and improvements to existing ones.
• Understand operational regulatory requirements and risks and take appropriate action to maintain operational integrity.

Benefits

• Health insurance
• Tuition reimbursement
• Accident insurance
• Life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included in total compensation, along with other perks and rewards.

What This Job Offers

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