Associate, Collateral Management

Posted 1ds ago

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Job Description

Collateral management associate supporting BMO’s banking operations through transaction processing, reconciliations, risk controls, and automation improvements. Remote role based in Ontario.

Responsibilities:

  • Deliver operational processes and activities relating to collateral management, including safekeeping, tracking/reporting, perfections, continuations and releases
  • Provide advice and guidance on implementation of solutions
  • 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 business partners and external customers
  • Build stakeholder relationships and ensure alignment
  • Integrate information to improve processes, analysis and reporting
  • Identify, analyze and resolve issues or escalate as required
  • Build and execute change-management plans and activities
  • Deliver timely, accurate and efficient service
  • Support operational program planning and implementation
  • Assist with work scheduling, resource forecasting and team workflow coordination
  • Fulfill transactions, inquiries and audit/reconciliation activities
  • Resolve complex issues and act as backup for team members and manager
  • Evaluate exceptions and engage senior management when required
  • Serve as a problem-solving resource for junior staff
  • Identify business needs and develop tools and training programs
  • Act as day-to-day vendor contact and support vendor solutions
  • Improve business processes and procedures and participate in project and product/process implementations
  • Process transactions accurately while managing regulatory and risk controls
  • Follow policies and procedures and meet service-level agreements
  • Communicate and collaborate with stakeholders to deliver business objectives
  • Check and reconcile information and documentation
  • Maintain understanding of regulatory requirements and operational risks
  • Apply BMO’s Risk Management Framework and make risk-informed decisions

Requirements:

  • Typically 4–6 years of relevant experience
  • Post-secondary degree in a related field of study or equivalent combination of education and experience
  • In-depth knowledge and experience using relevant systems and technology
  • In-depth knowledge of business unit products, services, processes and controls
  • In-depth knowledge of risk and regulatory requirements
  • Good prioritization skills
  • In-depth customer service skills
  • Advanced PC skills, including MS Word, Excel and PowerPoint
  • Prompt writing skills
  • Experience using data, automation or AI tools is an asset
  • Ability to multitask in a fast-paced environment
  • Technical proficiency gained through education and/or business experience
  • In-depth verbal and written communication skills, including explaining 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
  • Ability to apply AI to maintain up-to-date knowledge

Benefits:

  • Performance-based incentives
  • Discretionary bonuses
  • Other perks and rewards
  • Health insurance
  • Tuition reimbursement
  • Accident and life insurance
  • Retirement savings plans
  • In-depth training and coaching
  • Manager support
  • Network-building opportunities
  • Workplace accommodations available on request