Associate, Collateral Management

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About the role

  • BMO collateral management associate overseeing collateral operations, reconciliations, regulatory controls, and stakeholder inquiries. Supporting automation, change initiatives, vendors, and process improvements.

Responsibilities

  • Deliver operational processes and activities relating to collateral management in accordance with established policies, procedures and regulations
  • Perform collateral safekeeping, tracking/reporting, perfections, continuations and releases
  • Provide advice and guidance to assigned business/group on solution implementation
  • Develop solutions and recommendations based on business strategy and stakeholder needs
  • Determine business priorities and execution sequencing
  • Support strategic initiatives with internal and external stakeholders
  • Respond to standard and non-standard inquiries from internal business partners and external customers
  • Build effective stakeholder relationships and ensure alignment
  • Integrate information from multiple sources to improve processes, analysis and reporting
  • Identify, analyze and resolve issues or escalate as required
  • Build and participate in change management plans and activities
  • Execute timely, accurate and efficient service while meeting SLAs
  • Provide input into operational program planning and implementation
  • Assist with scheduling, resource forecasting and team workflow coordination
  • Assign work, review output, support performance reviews, quality control, training and coaching as needed
  • Process routine and non-routine transactions, inquiries, requests and audit/reconciliation activities
  • Analyze and resolve complex issues and act as backup to team members and the manager
  • Evaluate exceptions and engage senior management for resolution
  • Serve as a problem-solving resource for junior staff
  • Identify business needs and design/develop tools and training programs
  • Act as day-to-day vendor contact and support vendor solution implementation and maintenance
  • Contribute to continuous improvement and participate in project, product and process testing and implementation
  • Process transactions and services accurately while managing regulatory and risk controls
  • Follow documented policies and procedures and maintain Service Level Agreements
  • Communicate and collaborate with internal and external stakeholders
  • Check and reconcile information and documentation for accuracy and completeness
  • Maintain understanding of regulatory requirements and operational risks
  • Apply BMO’s Risk Management Framework and make sound, risk-informed decisions

Requirements

  • Typically between 4 - 6 years of relevant experience
  • Post-secondary degree in a related field of study 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 the risk and regulatory requirements of the business
  • Good prioritization skills
  • In-depth customer service skills
  • Advanced PC skills (MS Word, Excel, PowerPoint)
  • Prompt writing skills
  • Experience using data, automation, or AI tools to enhance productivity is an asset
  • Ability to multitask in a fast-paced environment while supporting process improvement and automation efforts
  • Technical proficiency gained through education and/or business experience
  • In-depth verbal and written communication skills, including ability to explain automation and AI concepts to non-technical stakeholders
  • Ability to identify business use cases for automation
  • In-depth collaboration and team skills
  • In-depth analytical and problem-solving skills
  • In-depth influence skills
  • In-depth data-driven decision-making skills
  • Understanding of risk and regulatory requirements and AI governance, with ability to apply AI to maintain up-to-date knowledge

Benefits

  • Performance-based incentives
  • Discretionary bonuses
  • Health insurance
  • Tuition reimbursement
  • Accident and life insurance
  • Retirement savings plans
  • In-depth training and coaching
  • Manager support
  • Network-building opportunities
  • Tools and resources to reach new milestones
  • Inclusive, equitable and accessible workplace
  • Workplace accommodations available on request

Job title

Job type

Full Time

Experience level

JuniorMid level

Salary

CA$55,500 - CA$120,000 per year

Degree requirement

Bachelor's Degree

Location requirements

RemoteCanada

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