BCE (Brokerage, Commissions and Executions) Analyst

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The Global Market Data Services team supports critical operational functions across Capital Markets including Brokerage Commissions and Executions (BCE). The BCE function is responsible for ensuring accurate billing financial controls and cost recovery linked to trading activity across multiple Lines of Business.

This Senior Analyst role is designed for an experienced back-office professional who operates autonomously owns end-to-end processes and actively drives operational improvements. The role requires a strong process mindset assertive stakeholder engagement and the ability to leverage automation and digital tools to reduce manual effort and operational risk.

Manager Montreal
Senior Analyst Montreal (this role)
2 Junior Analysts Montreal

The role works closely with Montreal and Toronto team members in a highly collaborative operating model with regular touchpoints and coaching.

Operational Ownership:
Own the end-to-end invoice validation and approval process for brokerage commissions and execution-related activity
Validate fee structures service descriptions and cost allocations across traders and cost centers
Ensure accuracy completeness and timeliness of invoice processing in line with internal deadlines
Act as a key contact for Lines of Business to resolve billing issues and drive approvals

Issue Resolution & Stakeholder Management

Investigate and resolve complex invoice discrepancies and allocation issues
Manage interactions with Front Office Finance Vendors and support teams
Escalate issues proactively with clear analysis and recommended solutions
Maintain strong stakeholder relationships while managing expectations under pressure

Process Design & Improvement:
Assess and challenge existing workflows to identify inefficiencies and risks
Design document and maintain standardized procedures and process flows
Reduce reliance on manual processes and undocumented knowledge
Drive continuous improvement initiatives within the BCE function

Automation AI & Digital Enablement:
Leverage Microsoft 365 tools (Excel SharePoint Teams) to support operations
Build or enhance workflows using tools such as Power Automate
Identify opportunities to apply automation and AI-assisted solutions to improve efficiency accuracy and scalability
Support development of tracking reporting and control tools

Act as a reliable right-hand to the manager in managing day-to-day operations
Support prioritization of workload and help bring structure to the function
Provide guidance and support to team members where needed
Serve as a go-to resource for complex operational topics

4 years of experience in back-office operations preferably within brokerage or capital markets
Strong understanding of billing reconciliations and financial controls
Advanced proficiency with Microsoft 365 including SharePoint and Excel
Demonstrated experience redesigning processes and implementing automation
Comfortable working with ambiguity and driving change
Clear confident communicator able to influence without authority

Hands-on experience with Power Automate or Power Platform
Exposure to Market Data Manager (MDM)
Experience with Coupa / SmartProcure
Banking or capital markets experience

Bilingual

Youre fluent in French and English to support business operations outside the province of Quebec.

The above represents BMO Financial Groups 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 Groups expected target for the first year in this position.

BMO Financial Groups 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: 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. Well 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 well help you gain valuable experience and broaden your skillset.

To find out more visit us at is committed to an inclusive equitable and accessible workplace. By learning from each others 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.