Associate Director, Physical Metals Settlements

Address:

Provides leadership and oversight for operational processes to ensure timely and accurate settlement of physical metals transactions. Ensures trades are captured and booked correctly in systems for clean downstream settlement and reporting. Provides guidance and execution in support of new strategies and daily capture of transactional information to enable downstream analytics and financial accounting processes. Maintains appropriate governance and controls over the trade capture and settlement process.

Key Accountabilities:

• Operational Excellence:
  • Oversees end-to-end settlement of physical metals trades ensuring accuracy timeliness and compliance with regulatory and internal standards.
  • Implements and maintains robust controls to mitigate operational risk.
  • Supports new product launches and complex trade structures with accurate booking and settlement processes.
• Leadership & Culture:
  • Fosters a culture aligned to BMOs purpose values and strategy; role models BMO values and behaviors.
  • Builds interdependent teams that collaborate across functional and operating groups to create the highest value for stakeholders.
  • Attracts retains and develops top talent; coaches employees manages performance and supports career growth.
• Strategic Contribution:
  • Provides strategic input into business decisions as a trusted advisor.
  • Makes recommendations to senior leaders on strategy and new initiatives based on deep understanding of physical metals markets and operational processes.
  • Identifies emerging issues and trends to inform decision-making.
• Governance & Risk Management:
  • Acts as subject matter expert on relevant regulations and policies.
  • Ensures operational integrity and compliance with regulatory requirements.
  • Evaluates exceptions and escalates to senior management where required.
• Continuous Improvement:
  • Leads process and system improvement initiatives to enhance efficiency and reduce risk.
  • Identifies and implements best practices leveraging technology for automation and operational excellence.
• Stakeholder Management:
  • Develops and maintains strong relationships with internal and external stakeholders including counterparties and custodians.
  • Communicates effectively to resolve settlement issues and deliver on business objectives.

Qualifications:

• Typically 7 years of relevant experience in physical metals operations or settlements and a post-secondary degree in Finance Economics or related field (or equivalent combination of education and experience).
• Expert knowledge of physical metals markets trade lifecycle and settlement processes.
• Strong understanding of risk and regulatory requirements.
• Leadership experience with proven ability to manage teams and drive performance.
• Advanced PC skills (MS Word Excel PowerPoint) and settlement systems expertise.
• Excellent communication analytical and problem-solving skills.
• Ability to manage ambiguity and prioritize in a fast-paced environment

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.