Derivative Analyst, Trading Product Service
CurrentMaintain the integrity and accuracy of BMO Financial Group’s derivatives trading and record-keeping operation.•Preform cash, collateral, position, P&L reconciliations and valuation verification on all BMO proprietary and agency derivatives •Monitor risk and reconcile legal confirmation•Ensure timeliness in resolving economic breaks and outstanding trades.•Play an instrumental role in negotiating discrepant terms with trading desks and brokers.•Review exchange traded, proprietary and OTC derivative trading, including interest rate, equity, FX and credit derivative products, for accuracy and appropriateness. •Utilize sophisticated spreadsheet macros to generate P&L, position and settlement reports on daily basis. •Cooperate with neighboring teams and use analytical thinking to resolve escalated suspense. •Manage accounts for Toronto, Chicago and London clients- Independent Balance Sheet Controls - Responsible for timely and accurate reconciliation of General Ledger accounts, positions, P&L relating to over-the-counter and exchange traded derivative products, including but not limited to Credit, Interest Rate and Equity Derivatives (Structured Products), Commodities, Equities, Futures and Options.- Applies accounting techniques and knowledge to ensure reconciliations are timely and accurate through communications with front office, P&L group, settlement teams, brokers, and custodian.- Utilizes sophisticated Excel and Access macros to generate GL balances, P&L, position and settlement reports on daily basis.- Ensures reconciliation processes follow strict compliance with organization policies and procedures.- Refers exceptions to Lines of Business for investigations and resolutions.- Acts as back-up and assists department manager with the administrative functions of the department.- Working knowledge in IBUK (BMO Ledger System), Calypso, Infinity/Eagle, Summit, Trader EH and Imagine.
