BMO Financial Group Associate, OTC (Over-the-counter) Operations Team in Ontario, Canada



Under the direction of the Vice President, Operations Team, of the Collateral Management Group (CMG), the Associate, Operations, is responsible for ensuring that the terms of the collateral agreements that the Bank enters into, in connection with its over-the-counter derivatives business, are met.The role is also accountable for adhering to established controls, producing required reports, identifying process improvements and supporting new projects and taking a leadership role in CMG in respect of projects and other collateral management related matters.Accountable to provide business / operational subject matter expertise (SME) and knowledge of day-to-day operations and collateral management related projects.Act as SME to translate business objectives into plans that can be implemented, including process redesign to compliment the change management / product support strategy for CMG.


  1. Change Management
  2. Product & Process Management
  3. Risk & Control
  4. Business Performance Management


  1. Change Management
  • Represent CMG Operations Team on projects and initiatives to provide business-specific context, information and analysis on proposed changes.Initiatives may include the development and implementation of new/ revised products, new systems or enhancements, new / revised processes in support of internal efficiencies and industry regulatory changes.

  • Represent CMG Operations Team during change impact analysis and business requirements gathering, implementation planning and support, and issue escalation.

  • Act as the primary contact for new and/or revised CMG Operations Team projects and initiatives, and liaise with other business units such as LOB, Finance Shared Services, Credit Risk, Market Risk, and the Derivatives Legal Group (DLG) and external systems providers to ensure business interests are represented and understood.

  • Review, assess and recommend business readiness situations for new product introductions and feasibility of internal and external systems.

  • Advise the business to accept changes in process and systems by informing key stakeholders of the implications of changes; recommend actions, as appropriate.

  • Develop business cases for initiatives, using knowledge of service offerings, products and processes.

  • Provide coaching and training to other staff from time to time.

  • Assess opportunities for the migration of work in or out of assigned business units.


note; this a one year contract

Knowledge and Skills:


  • University degree/college diploma or equivalent work experience

  • 5 to 7 years of related work experience

  • Solid Knowledge of ISDA CSA agreements

  • Solid experience with collateral management processes

  • Familiar with established process analysis and improvement tools

  • Familiar with products, operations and market practices as relates to collateral management

  • Solid knowledge of testing strategies, test plans and execution

  • Solid knowledge of conversion, parallel and implementation processes

  • Strong knowledge of process and/or project management

  • Solid knowledge of standard desktop applications used by the business unit

  • Solid knowledge and understanding of the business unit’s key products and services, processes and controls

  • Solid understanding of the business unit’s risk and regulatory requirements

  • Solid knowledge of the business unit’s transaction fulfillment procedures

  • Solid knowledge of departmental systems and applications

  • Solid understanding of internal business partner’s business, services and organization


  • Strong analytical and problem-solving skills, with ability to analyze a component or components of a process to optimize system functionality

  • Strong decision-making skills

  • Tolerance and flexibility for resolving ambiguities

  • Strong change management skills

  • Strong prioritization skills

  • Strong planning skills (re finance, resource, strategy, business)

  • Solid risk management skills

  • Strong customer service and relationship management skills

  • Strong facilitation/ presentation skills

  • Strong conflict management/ resolution skills

  • Coaching, mentoring and training skills

  • Strong teamwork and team leadership skills

  • Strong written and oral communication skills, with the capability to present and articulate complex concepts

  • Strong multi-tasking skills covering a wide range of challenges which are independent and distinct

  • Ability to translate business requirements into system solutions according to Bank standards

  • Ability to document requirements, UAT plans, conversion and implementation plans

  • Ability to support CMG during business contingency WORKING CONDITIONS This job operates within normal office conditions with minimal exposure to health and safety risks. There may be a requirement to periodically work extra hours and/or weekends as dictated by the business. At our company, we have been helping our customers and communities for over 195 years. Working with us means being part of a team of talented and passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.

To find out more visit our website at .

BMO Financial Group is committed to an inclusive, equitable and accessible workplace. By embracing diversity, we gain strength through our people and our perspectives. We welcome and encourage applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

Job Field:

Capital Markets

Job Schedule:


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