Job Information
BMO Financial Group Associate, Global Markets in Chicago, Illinois
BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets
Work with and support a team that provides a markets-based suite of risk management solutions through derivative products to the bank’s U.S Commercial clients. The product suite will primarily focus on solutions addressing Interest Rate (“IR”) and Foreign Exchange (“FX”) needs. The team provides transactions to facilitate client demands along with identifying client needs and offering bespoke solutions that differentiate BMO from other organizations. This team interacts with internal stakeholders to build a harmonized strategy on risk management solutions while also working with external clients to present these solutions. As the team seeks out new opportunities with prospective clients there is the balance between maximizing profit while prudently minimizing the bank’s exposure and adhering to regulatory statutes.
Acts as the point person supporting senior leaders and marketers in the form of pitch and educational material, charts and graphs creation and any other tasks that need to be addressed.
Responds to inquiries from clients or internal bankers in a professional manner and determines acceptable solutions.
Continuously developing market knowledge in order to independently create pitch and marketing material that can be leveraged by the team.
Responsible for understanding the needs of clients and provides relevant ideas and opinions while structuring creative solutions.
Provides support for an outstanding client experience.
Uses good judgement in meetings/speaks up with ideas/communicates ideas effectively/asks good questions.
Identifies opportunities to increase efficiency and improve service to internal and external stakeholders and acts as a positive change agent to drive improved efficiency and effectiveness.
Execute IR derivative or FX trades with clients and ensure that all confirms on trades are accurate and promptly delivered. All transactions must be recorded accurately and frequently reviewed for accuracy.
Support the team, coordinate with bankers and clients on the onboarding process ensuring all regulatory requirements are addressed before clients are in position to execute trades.
Communicates transaction details to clients and resolves settlement and notification issues.
Able to work independently on a range of complex tasks, multi-task while managing multiple requests at the same time, is self-driven and is able to self-learn.
Monitoring and managing a shared desk line while transferring and assisting client requests as needed.
Is able to navigate through financial statements, financial reports, and legal documents in order to better serve client needs.
Ability to take in information and provide thorough and well thought out solutions specific to client concerns.
Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
Uses analytical skills and applies appropriate technical concepts and completes/leads consistent and reliable technical and financial reports/analyses to support client deliverables.
Defines problems, collects data, establishes facts, and draws valid conclusions.
Responsible for learning and understanding the internal systems used for client trading and risk management monitoring
Assist colleagues with the presentation or provide the presentation of information to both internal and external stakeholders
Responsible for understanding the complexity of transactions and related risk (credit, market, operational, legal / compliance, etc.).
Considers risk, internal controls and compliance as part of day-to-day accountabilities and adheres to policies and procedures.
Qualifications:
Between 3 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Degree in Accounting/Economics/Mathematics/Engineering, CFA would assist in the success of this role.
Experience in structuring both IR and FX solutions, including the use of options would be an asset
Working knowledge of financial markets (interest rates, foreign exchange) with previous exposure to the financial markets and/or analysis gained through a combination of work and educational qualifications is required.
Basic understanding of trading or sales procedures and broader regulatory and financial concepts.
Demonstrates solid deal/transaction execution and/or project management skills.
Technical proficiency gained through education and/or business experience.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.
Salary for this role located in Chicago, IL is $140,000.00 USD
Salary:
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.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
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 more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at https://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
BMO Financial Group
- BMO Financial Group Jobs