Team Lead, Security Master and Pricing

Application Deadline:

01/16/2025

Address:
250 Yonge Street

Job Family Group:

Finance & Accounting

The Team Leader Provides daily oversight and end-to-end support for security setup and pricing on BMO Wealth Management books of record for all BMO Wealth Management lines of business (Investor Line, Nesbitt Burns and Private Investment Council and BMO Trust Company. This role is responsible for managing daily SLA's and any escalations. Ensuring that set up and pricing is accurate, complete and timely; overseeing the team's work for accuracy; triaging issues and developing a remediation action plan and partnering with lines of business or other Wealth Operations teams to ensure timely and satisfactory resolution of inquiries. Security set up includes equities, fixed income, mutual funds, ETFs, segregated funds, term investments and private securities.

Required Skills:

• Experience with security set up and pricing activities
• Knowledge of/experience with Broadridge (ADP), FIS (Global Plus), RIS and Charles River Investment Management System
• Knowledge of vendor tools that provide price and security detail information like Bloomberg, Eikon and Fundserv
• Knowledge of Capital market products (Equities, Derivatives and Fixed income securities)
• Excellent organizational, prioritization, time management skills
• Intermediate to advanced Excel functionality
• Strong attention to detail and understanding of audit requirements to ensure adequate audit trail and compliance with controls
• Supervisory experience

Ensures that funds are properly valued and accounted for via accurate measurement of securities prices and/or positions.

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
• Ensures alignment between values and behaviour that fosters diversity and inclusion.
• Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
• Attracts, retains, and enables the career development of top talent.
• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance to assigned business/group on implementation of solutions.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Conducts independent analysis and assessment to resolve strategic issues.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Provides input into the planning and implementation of operational programs.
• Assists with implementation of new clients and special projects
• Assists with system testing for any changes.
• Reviews and processes transactions related to dividends, interest, corporate actions and trades instructed by traders/portfolio managers.
• Reconciles and reviews trades, cash transactions and securities positions.
• Accurately compiles account reconciliations, variance analysis, and financial reports.
• Enters and verifies disbursements and receipts.
• Oversees recording and payment routines for vendors and foreign affiliate accounts.
• Prepares draft bills for approval and assists with finalization and reporting of invoices to clients and foreign affiliates.
• Reconciles general ledgers to subsidiary ledgers and escalates for outages.
• Reconciles bank statements on a daily, weekly and/or monthly basis and communicates cash/trade/position outages with internal and external stakeholders; resolves outstanding fund accounting issues in a timely manner.
• Reviews tolerance threshold breaks and escalates any issues.
• Assists with tax compliance reporting.
• Assists in the preparation of audit reports, financial statements and tax distribution calculation.
• Builds effective relationships with internal/external stakeholders and ensures alignment.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Growing understanding of the functional area and the market.
• 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 :

$60,000.00 - $111,700.00

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.

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.