Associate-Fixed Income Product Control
Associate-Fixed Income Product Control
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Application Deadline:
Address:
100 King Street WestJob Family Group:
Under the direction of the Associate Director Product Control this role is the full scope product controller for the U.S. Fixed Income businesses which includes Securitized Products Money Markets Primary Dealer High Yield and Origination trading desks. Responsibilities will encompass daily P&L and PAA reporting full balance sheet and income statement line management monthly analysis and adhoc reporting.
KEY ACCOUNTABILITY AREAS:
A. P&L and PAA (Profit Attribution Analysis) Reporting
B. Balance Sheet and Income Statement line item management
C. Analysis and process improvement
SPECIFIC ACCOUNTABILITIES:
A. P&L Reporting
Oversee and review accurate daily P&L and PAA for various trading desks within U.S. Fixed Income focusing on but not limited to the following products: MBS Treasuries Repos Agencies Corporates IRS Bond Futures CDX
Review for large fluctuations daily and bring to the attention of management
Oversee FrontOffice to BackOffice reconciliations
Gain a working knowledge of the trade flow process from inception to G/L
Develop a thorough understanding of the G/Ls and settlement systems (ICI Calypso GMI GlobalOne ADP LoanIQ S4 Progress/Essbase)
Ensure correct bookings in the general ledger
Ensure that new products are set up correctly in the P&L tracking process
B. Balance Sheet and Income Statement line item management
Have an understanding of product related balance sheet and income statement line items
As appropriate record upload reconcile and/or coordinate all general ledger postings for product related activity (e.g. balance sheet revenue)
Prepare P&L and Balance Sheet Reconciliations as part of monthend close
Coordinate with legal entity and regulatory accounting risk operations and other support groups
Analyze financial results to support financial period closing and reporting processes and provide insights and recommendations
Support the preparation of journal entries monthly / quarterly reporting packages and financial statements including applicable tax payments and reconciliations in accordance with accounting rules and standards
Provide information and support the process for internal (e.g. corporate and SOX) and external audits
C. Analysis and process improvement
Create and update monthly analysis with regard to key business drivers
Prepare commentary and standard period over period analysis
AUTHORITIES:
The holder of this job has access to various financial systems (general ledgers subledgers and reporting systems).
CROSS FUNCTIONAL DEPENDENCIES
This job has cross functional dependencies to the rest of Global Middle Office CM Finance as well as Risk Tax etc. departments that support the businesses.
SCOPE AND IMPACT:
This job requires tracking a number of products housed in various systems.
Liaise with desk personnel on daily issues
Peak periods will include various monthly reporting deadlines and other deliverables consistent with the role.
KNOWLEDGE SKILLS AND COMPETENCIES:
a. Knowledge
Undergraduate Degree in Accounting or Finance
Minimum of 46 years of experience in financial services industry.
CFA / CPA and/or Series 99/Series 7 a plus.
Prior experience with mortgagebacked securities and/or risk based PnL explain preferred.
b. Skills and Competencies
Strong knowledge of fixed income products and the US Bond market.
Excellent computer skills. Ability to learn systems quickly.
Ability to manage multiple tasks and meet deadlines without compromising data integrity.
Strong communication and relationship building skills.
Strong interpersonal and leadership skills.
Strong customer service and client focus.
Salary:
Pay Type:
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 parttime roles will be prorated 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 performancebased 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 indepth training and coaching to manager support and networkbuilding opportunities well help you gain valuable experience and broaden your skillset.
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.
Required Experience:
IC
Employment Type
Full-Time
