(B-007) Associate, Capital Markets Product Control

(B-007) Associate, Capital Markets Product Control

21 Aug
BMO Financial Group

21 Aug

BMO Financial Group



100 King Street West

Job Family Group:

Finance & Accounting

                The Capital Markets Product Control Group includes the following focus areas:

1.    Derivative and Nesbitt Burns Product (BMO’s Canadian broker/dealer subsidiary BMO Nesbitt Burns Inc).

2.    Fixed Income and Capital Markets Corporation Product Control (BMO’s US broker/dealer subsidiary BMO Capital Markets Corporation (“CMC”))

3.    Investment & Commercial Banking (“I&CB;”) Product Control 

The teams within Capital Markets Product Control are organized to support aligned functions and lines of business.  Each group is led by at least one of the following; Director,

Associate Director or Manager who provide direct oversight of control execution, under the strategic leadership of the Managing Director.  

The CM Product Control team is responsible for;

•    Providing end to end accounting support from the source sub-ledgers to general ledger systems for Capital Markets Businesses and Products

•    Responsible for ensuring the integrity and accuracy of the general ledger including initiating accounting entries, completing reconciliations and providing financial attestations.  

•    Ensuring appropriate accounting policies and best practices are followed

•    Performing complex analysis and investigations 

•    Leading the identification and implementation of process and control improvements

•    Ensuring the readiness of operational accounting for new product initiatives, accounting changes and system implementations or upgrades

•    Participating in change initiatives performing requirements gathering, process design, system testing and post-implementation reviews

•    Partnering with Front Office, Finance, Risk and Controls, Trade Support, Profit and Loss, Project Delivery, Technology and Operations to enhance end-to-end process and controls

As a CM Product Control Associate the candidate will be primarily responsible for;

•    Preparing and processing journal entries, 

•    Preparing reconciliations and resolving differences between source systems and ledgers.

•    Ensure prompt investigation and resolution of issues and recommend improvements

•    Maintain effective relationships with P&L;, Finance, Operations and Technology groups

•    Ensure the quality of own work and understand its impact on the processes of others within and outside of own function/unit

•    Provide assistance with system upgrade and release testing

•    Identify and recommend automation opportunities and implement agreed upon process changes

•    Provide guidance and assistance to team members

Desired Behaviours

Core competence required in all Being BMO behaviours with specific focus on highly developed behaviours in the following actions:

-    Make it your problem

-    Find a Better Way

-    Balance risk and opportunity

-    Speak up and be candid

Knowledge and Skills


•    Bachelor’s degree in Accounting, Finance or Economics with a minimum of two to three years of related experience preferred

•    Accounting/Professional designation required. Hedge accounting experience preferred

•    Experience in financial services industry with a focus on Capital Markets required

•    S4 and Calypso platform experience preferred

•    Experience in financial services industry with a focus on Capital Markets  

•    Knowledge  of accounting for foreign & domestic derivative securities and financing transactions required

•    Knowledge of accounting for Hold to Maturity. Available for Sale & Mark to MKT transactions required

•    Knowledge of both GAAP and IFRS reporting required

•    Knowledge of operations and settlement processes required


●    Strong Computer skills, including strong knowledge of Excel and VBA

●    Operational Excellence

●    Communication

●    Relationship Management (internal and external)

●    Change Management 

●    Influence and Negotiation

●    People management (diverse talent management)

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 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/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

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