Associate, Mbs Allocations

2 weeks ago


New York, United States BMO US Full time

151 W 42nd Street New York New York,10036

**MBS Allocations**

**Mandate**

Ensure adherence to related regulatory and Bank policies and procedures (P&Ps). Analyze and advise on the implications of new product introductions and change initiatives.

Key Accountabilities

**Product & Process Risk & Control** **Business Performance Management**

**A. Product & Process**
- Accountable for the execution of assigned MBS Allocations activities in a timely, accurate and efficient basis.
- Support the resolution of discrepancies/exceptions, escalating to management as required.
- Support the introduction of new products, technology or processes that are in line with Business Partner initiatives participating in the analysis, testing and implementation activities.
- Work closely with internal and external stakeholders in support of FICC Trade Support Activities.
- Participate in various stakeholder forums (Project Delivery/ Technology/ Regulatory/ Risk) in support of FICC Trade Support Activities.
- Compile risk metrics for management.

**B. Risk & Control**
- Identify potential risk situations within the scope of FICC Trade Support activities, escalating to management as required.
- Ensure adherence to directives, internal processes and internal approvals to mitigate risk to the Bank
- Understand regulatory and compliance requirements as prescribed for the business unit to ensure adherence as required.
- Ensure adherence to all aspects of FirstPrinciples, Our Code of Business Conduct and Ethics Corporate Policy, as well as all applicable legislation, regulatory rules and requirements, and Bank standards, policies and procedures (P&Ps) for such things as potential conflicts of interest, safeguarding of customer information, trading in securities, anti-money laundering, privacy and disclosure of outside business activities.
- Ensure strict confidentiality is maintained for both customer and Bank information to protect the customer and the Bank and to ensure compliance with Bank P&Ps.
- Contribute to testing and updating of contingency planning to support the business and maintain continuity of critical processes throughout a contingency event.
- Contribute to ensuring all procedures/ standards of team(s) are documented and regularly reviewed and updated as needed in accordance with market best practice guidelines and industry regulations.

**C. Business Performance Management**
- Identify opportunities to improve the operational effectiveness of assigned day-to-day FICC Trade Support activities.
- Deliver exceptional customer service that builds trust through responsive, accurate, consistent, knowledgeable and available services and support.
- Develop excellent working relationships with Capital Markets Trading Products desks, Product Operations and other stakeholder groups ensuring we have a global view across the business.
- Align individual performance goals to the team.
- Demonstrate behaviours that are consistent with “Being BMO”.

**D. Knowledge and Skills**
- 2-5 years of MBS Allocations experience
- University Degree/College Diploma in related discipline
- Strong experience in securitized products with a focus on MBS
- Strong knowledge and understanding of a range of Financial Products including: Fixed Income, Money Markets, and Interest Rate Derivatives
- Knowledge of Financial Markets and Regulatory oversight bodies
- Strong written and oral communication skills
- Ability to work under tight deadlines independently or in a team-based environment
- Strong investigation and problem solving skills and attention to details
- Demonstrates analytical thinking and sound judgement when making decisions
- Good organizational skills, highly motivated and adaptable to a changing business environment
- Good understanding of business unit’s risk and regulatory requirements
- Good understanding of internal business partner’s business, services and organization
- Knowledge of Broadridge MBS Expert and Impact/ICI Systems
- Advanced Microsoft Office skills particularly in Excel

**Compensation and Benefits**:
$61,600.00 - $114,400.00

**Pay Type**:
Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

**We’re here to help**

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have



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