Manager, Global Markets Funds Transfer Pricing

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Description

The Capital Markets Treasury group is looking for a highly driven, quantitively thinking individual to join its Funds Transfer Pricing (FTP) team. The role will deal with the management of the FTP process in BMO Global Markets (GM), including the calculation and reporting of funding costs and collateral usage costs. The candidate will help develop and optimize FTP modelling to ensure compliance with Bank policies, standards, and guidelines. Our team works closely with the GM Lines of Business (LOBs), Treasury, and Market Risk to develop the GM FTP process in accordance with the bank’s liquidity and funding risk appetite. This role will allow an individual to explore the entire GM balance sheet and understand how liquidity and funding ties into the actions of the business.

Key Accountabilities:

• Modelling and calculation of FTP requirements across GM.
• Optimization of calculations to ensure accuracy and timeliness.
• Planning of unsecured funding issuance and how that affect funding costs and fits under balance sheet constraints.
• Participate as a team member on projects will help improve/optimize the performance of Capital Markets businesses under various binding balance sheet constraints.
• Understand how an asset affects regulatory and internal liquidity risk metrics.
• Work closely with LOBs on business initiatives to identify and proactively manage any potential liquidity and funding exposures or opportunities, determine FTP profile to use.
• Alignment to how GM desks pay for funding daily and how FTP charges apply relative to existing processes.
• Alignment of FTP processes in GM with rest of the bank to avoid internal arbitrage.
• Alignment of FTP to collateral usage costs as related to VM, IM, IA requirements.
• Documentation and maintenance of FTP policy for engagement with Internal Audit

Qualifications

Knowledge:

• 5 - 8+ years’ experience, with exposure to one or more of the following: funds transfer pricing, liquidity and funding management, capital management, collateral management, business process improvement and financial reporting.
• CPA, MBA, or CFA (or comparable).
• Understanding of financial markets and banking & broker/dealer regulatory environments.
• Working knowledge of trading and settlement systems, loan systems.
• In-depth knowledge of MS Office suite (Excel, PowerPoint, Word, Access)
• Working knowledge of database querying (SQL), programming (Python, VBA), and Bloomberg software
• Experience and understanding of liquidity and funding principles, market and credit risk management practices, financial instruments, and Global Markets operations;
• Understanding of international best practices in capital, liquidity and funding management, and process improvement.

Skills:

• Ability to understand and analyze complex financial products and transactions (eg; derivatives, secured financing transactions, structured products, fixed income, and collateralization in these deals);
• Ability to assist in development of analytical models and decompose complex transactions into their balance sheet elements.
• Strong data management skills with the ability to quickly source data from many sources
• A desire to work in high-pace environment.
• Excellent written and oral communication skills.
• Ability to handle multiple tasks and flexibility to re-prioritize and manage conflicting demands.
• Relationship management with an internal client focus.
• Strong process and change management skills.

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.