Senior Analyst, Safekeeping

BMO•Chicago, IL

13d

About The Position

The Senior Analyst is responsible for supporting any one of 3 closely related focuses: 1) Clearing fixed income trades executed by traders for BMO Bank, BMO Harris Investment Corp., or BMO Bank safekeeping customers; 2) Processing P&I payments and reconciling differences between various custodians and internal system of record; 3) Settlement and monitoring of both internal and correspondent bank funding activity. This role will also work closely with the Investment Portfolio Accounting team. The main focuses of this team include but are not limited to: 1) Working with internal and external partners to provide timely and accurate bond accounting reporting; 2) Servicing as operations liaison for securities and cash collateral management and pledged securities monitoring for internal and external partners; and 3) Provide operational support for Federal Funds transactions. Employee will be required to learn each of the above roles in order to be able to complete routine and non-routine transactions, address internal business partner and/or external customer inquiries/requests, respond to audit requests, and solve more complex issues efficiently and effectively in accordance with Bank and industry standards.

Requirements

Bachelor’s degree or equivalent work experience
1 to 2 years of Securities or Finance Industry experience recommended
Proficient with Microsoft Office applications (Outlook, Excel, etc..)
Knowledge of the different types of fixed income securities
Good understanding of the business unit’s risk and regulatory requirements
Good analytical and problem-solving skills
Good investigation, prioritization, organizational skills
Good customer service and relationship management skills
Change leadership skills
Good written and oral communication skills
Ability to multi-task in a fast-paced environment

Responsibilities

Follow department SOX controls when processing daily work.
Review client inquires, scheduled or on-demand, troubleshoot/resolve problems independently, escalate all unresolved processing problems to the appropriate level as per guidelines.
Investigate accounting and P&I breaks related to various reconciliations and system entries.
Create, update, and document procedures for applications developed (BMAs), identify new opportunities for improving processes for efficiency.
Act as SME to translate business objectives into plans that can be implemented for small- to midsized initiatives, including process redesign to compliment the change management/ product support strategy for the commodity business unit, adhering to and maintaining established standards and practices; represent technical business needs and requirements in the introduction of new/ revised processes and systems.
Prepare daily and monthly reconciliation activities & reports, provide commentary on discrepancies and outliers.
Provide complete coverage of multiple desks during staffing shortages.
Maintain appropriate audit trails for all tasks.