Manager, Corporate Actions/Asset Servicing

Address:

Toronto Asset Servicing Manager (BMO Capital Markets Corp) for Corporate Actions and Dividends reporting directly to the Associate Director of Asset Servicing in North America. The Asset Servicing manager will provide daily oversight, along with strategic and risk guidance to a portfolio of complex events for Capital markets trading and equity finance accounts. The team will service the Canadian and US trades/positions on five BMO business entities, two north American and three European.

The successful candidate will be accountable for functions that require specialized handling and skills, will act as the key escalation point for product business challenges, and to apply in-depth product knowledge to ensure consistency and effectiveness of service and support and effective management of risk and controls. This individual will operate as the technical expert for all aspects on the Asset Servicing Platform. Functions also include but are not limited to the on/off-boarding of all new associates and contractors. Tasked with managing 3 BMO associates and 1 External Contractor to ensure all SLA and deadlines/ regulatory requirements are met daily.

*There will be a period of implementation before the positions are migrated to their new accounts, at which point the role will become more focused towards BAU.

SUMMARY OF QUALIFICATIONS

• Will report into the North American Asset Servicing team manager.
• Able to Manage the full end to end processing of the corporate action lifecycle, from announcement capture through to the final entitlement reconciliations
• Daily liaison with trading desks, ops groups, accounts and institutional counterparties
• Daily monitoring and clearance of cash/stock reconciliations
• Able to provide a hands-on approach to helping with BAU work is essential
• Working to fulfil year-end/mid-year reviews and individual goal setting
• Participation in in-flight and future departmental projects.
• Managing a Hybrid working model

• Maintain key controls and review processes to ensure operating integrity, comply with internal and external regulators, involving an understanding of regulatory and compliance requirements as prescribed for the business unit; provide recommendations and implement corrective actions to ensure adherence as required.
• Performance driven, insightful self-starter with the ability to achieve and exceed goals in high-pressure environments, with strong problem solving and analytical skills
• Strong client service and communication skills (both oral and written), detail-oriented, very organized, and displays a relentless focus on customer service and customer satisfaction
• Deliver leadership and guidance to their related teams providing training, improve processes, implement controls and roll out new support requirements to meet all business needs
• Act in an advisory capacity, as a subject matter expert (SME) to senior management on the implications of proposed business decisions related to Asset Servicing
• Manage key controls and review processes quarterly
• Projects and supporting all audit requests submitted by corporate, regulatory and external auditors

Industry Knowledge:

• 5-7 years’ experience in asset servicing, with a Minimum of 3-5 years’ experience in a voluntary corporate actions’ role, Within a Top/Mid-tier broker dealer or Bank
• Ability to manage 5+ associates across both Internal and outsourcing (Onshore and offshore)
• Experience servicing cash Prime Brokerage clients is an asset
• Strong Understanding of voluntary election arbitrage

• A collaborative approach to working with teams in other geographical locations, for the running of BAU work as well as ongoing project work
• The ability to spot gaps, therefore risk, in the process, with the corresponding ability to provide workable solutions

• Team player - We are a stable group with a high retention rate of engaged employees.
• Strong Accounting/Reconciliation background or related experience
• Undergraduate degree with a solid mathematics component, or an equivalent depth of knowledge via experience/training
• Maintain key controls and review process, where applicable, to ensure operating integrity, comply with internal and external regulators, involving an understanding of regulatory and compliance requirements as prescribed for the business unit; provide recommendations and implement corrective actions to ensure adherence as required
• Ensure the appropriate business continuity plans (BCP) are maintained and tested
• Ability to identify risk breakdowns in controls and processes
• Strong work ethic with ability to work in a high-pressure work environment
• Working knowledge of all functions within DTC for Asset Services, CDS, BPS, BNP NEOLINK and external automation vendor applications.

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/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.

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.