BMO Financial Group Associate Trading Products - Grade 6 in Chicago, Illinois60664

Description:

What is the primary purpose of this job? How does the job add value to BMO? What results will it deliver?As a member of the Trading Products team, the Associate reports to the Trading Products LOB Head or delegate and provides clients with coverage, including firm research and sales/ trading (buy/sell) merchandise. The Associate is expected to maximize profit based on customer flow and experience while minimizing bank risk and adhering to position and loss limits as designed by Trading Products LOB Head. This position is expected to work closely with Trading Products team in supporting customer business.Knowledge and Skills Describe special knowledge, subject matter expertise, accreditation / credentials, professional designations, skills, years of related work experience, human relations skills, type of education or degree needed to be successful on this job.KnowledgeFour-year college or university degree in Accounting/Economics/Mathematics/Statistics, CFA preferred 3-5 years of industry related experienceWorking knowledge of financial markets with previous exposure to the financial markets and/or analysis gained through a combination of work and educational qualifications is required.Thorough knowledge of financial market, pricing, and trading/hedging strategies and familiarity with a variety of the fields concepts, practices and proceduresBasic understanding of trading or sales procedures and broader regulatory and financial conceptsSeries 7, 63, and 55 required or attained within 6 months.SkillsStrong quantitative, technology and finance skillsStrong risk management skills, fundamental analysis skills and leadership abilitiesAbility to find and communicate ongoing events that affect or that can affect the marketDelivers clear, effective communication and takes responsibility for understanding othersAble to exercise independent thought and judgment and adapt to new tasks with little noticeDetails and results oriented and able to prioritize tasks in a multi-task environmentDemonstrated computer skills with the ability to learn new systems and spreadsheets quickly. Proficient in Microsoft Excel, Word and Powerpoint, Outlook, Bloomberg, Reuters and other market data packages.Excellent problem solving and analytical skillsAbility to prioritize competing responsibilities working in a fast-paced, highly pressured work environmentStrong focus on meeting client needsAbility to discern trading desk dynamicsKey AccountabilitiesList and describe the major components of work (e.g., strategy, governance, people management, analysis) and the approximate percentage of time spent on each. What action does the job take (e.g., own, execute, support, co-ordinate)? What results or outcomes are expected? Is there anything unique and important to know about what this job accomplishes? Client Support and Relationship ManagementMust provide competitively priced liquidity to corporate, institutional, and interbank clients. Must be able to provide quotes, hedging advice, and market information in support of the customer business and arbitrage opportunities.Support sales activities with trading strategies, definition and market information customized to suit their clients individual needs. Will be available to accompany all sales staff to assist with client calls, presentations, and seminars.Beyond assisting sales staff to increase client volumes, the role must actively market financial institutions to increase order flow, volume and market informationDevelop and leverage relationships across LOBs, with executive and external clients to foster and support intra-group coordination while carrying out accountabilities.Transaction ManagementAssist senior staff in the research and resolution of administrative/operational issues Aid senior staff with the presentation of information and prepare proposals for their reviewMaintain and develop knowledge of client systems/applications, including I-star and our internal web-based research document databaseReceive transaction and inspect form to ensure accuracy of information.Execute orders for purchase or sales of securities or completes transaction independently if brokerage firm is market maker in requested transaction. All transactions must be recorded accurately and frequently reviewed for accuracy.Reviews all transactions to ensure that transactions conform to the regulations of SEC, NASD, and other regulatory agencies. Track supply and demand and evaluate market development.Risk ManagementResponsible for the prudent management of the Banks exposure. Must operate within position and loss limits as set forth by Trading Products LOB Head Manage risk related to pricing and trading of the book.Manage firms risk exposure on the existing book.Take action to reduce risk, including the development of hedging and trading strategies.Marketing KnowledgeDevelop strong market knowledge in order to provide comprehensive service to clients, develop new solutions, and construct compelling recommendations.Read, analyze and interpret common technical journals, financial reports, and legal documents to better serve client needs. Use analytical skills (probability, statistical inference, concepts such as fractions, percentages, ratios and proportions) and be able to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.Define problems, collect data, establish facts, and draw valid conclusionsAuthoritiesWhat authority is needed to deliver on the key accountabilities (e.g. credit limits, budget, decision making, hiring, resourcing)? What kinds of decisions / recommendations does this job make? What kinds of decisions does this job take to its manager or others for approval before taking action?Advisory: Under guidance, this role provides sales or trading suggestions and information to clients. Information Access: Authority to use and access confidential information related to product and financial information.Veto: Authority to stop something from happening because of significant compliance and risk exposure.This job requires the incumbent to interact with the following processes and/or groups in BMO FG:Institutional ClientsResearchTrading Products GroupsMarketingComplianceHuman ResourcesScope and Impact What is the impact of this jobs decisions or actions? For example, what is the size of budget managed by this job, revenue targets assigned to this job, number of people managed, number of customers impacted?Scope and Impact:This role has direct or in-direct impact on the following:The work product directly impacts the growth initiatives within the Business Unit, client portfolios and any transaction for which the Associate is involved.The Associate contributes to the team through delivery of strategic recommendations to clients. As a team member, the Associate interacts with Management across BMO and BMO Capital Markets, and all strategic product areas in supporting the Sr Professionals in developing the most appropriate pitches to clients and winning new mandates. These efforts have significant financial implications to clients and to the Business Unit as well as the overall growth of the business.

Qualifications:

Describe special knowledge, subject matter expertise, accreditation / credentials, professional designations, skills, years of related work experience, human relations skills, type of education or degree needed to be successful on this job.KnowledgeFour-year college or university degree in Accounting/Economics/Mathematics/Statistics, CFA preferred 3-5 years of industry related experienceWorking knowledge of financial markets with previous exposure to the financial markets and/or analysis gained through a combination of work and educational qualifications is required.Thorough knowledge of financial market, pricing, and trading/hedging strategies and familiarity with a variety of the fields concepts, practices and proceduresBasic understanding of trading or sales procedures and broader regulatory and financial conceptsSeries 7, 63, and 55 required or attained within 6 months.SkillsStrong quantitative, technology and finance skillsStrong risk management skills, fundamental analysis skills and leadership abilitiesAbility to find and communicate ongoing events that affect or that can affect the marketDelivers clear, effective communication and takes responsibility for understanding othersAble to exercise independent thought and judgment and adapt to new tasks with little noticeDetails and results oriented and able to prioritize tasks in a multi-task environmentDemonstrated computer skills with the ability to learn new systems and spreadsheets quickly. Proficient in Microsoft Excel, Word and Powerpoint, Outlook, Bloomberg, Reuters and other market data packages.Excellent problem solving and analytical skillsAbility to prioritize competing responsibilities working in a fast-paced, highly pressured work environmentStrong focus on meeting client needsAbility to discern trading desk dynamicsKey AccountabilitiesList and describe the major components of work (e.g., strategy, governance, people management, analysis) and the approximate percentage of time spent on each. What action does the job take (e.g., own, execute, support, co-ordinate)? What results or outcomes are expected? Is there anything unique and important to know about what this job accomplishes? Client Support and Relationship ManagementMust provide competitively priced liquidity to corporate, institutional, and interbank clients. Must be able to provide quotes, hedging advice, and market information in support of the customer business and arbitrage opportunities.Support sales activities with trading strategies, definition and market information customized to suit their clients individual needs. Will be available to accompany all sales staff to assist with client calls, presentations, and seminars.Beyond assisting sales staff to increase client volumes, the role must actively market financial institutions to increase order flow, volume and market informationDevelop and leverage relationships across LOBs, with executive and external clients to foster and support intra-group coordination while carrying out accountabilities.Transaction ManagementAssist senior staff in the research and resolution of administrative/operational issues Aid senior staff with the presentation of information and prepare proposals for their reviewMaintain and develop knowledge of client systems/applications, including I-star and our internal web-based research document databaseReceive transaction and inspect form to ensure accuracy of information.Execute orders for purchase or sales of securities or completes transaction independently if brokerage firm is market maker in requested transaction. All transactions must be recorded accurately and frequently reviewed for accuracy.Reviews all transactions to ensure that transactions conform to the regulations of SEC, NASD, and other regulatory agencies. Track supply and demand and evaluate market development.Risk ManagementResponsible for the prudent management of the Banks exposure. Must operate within position and loss limits as set forth by Trading Products LOB Head Manage risk related to pricing and trading of the book.Manage firms risk exposure on the existing book.Take action to reduce risk, including the development of hedging and trading strategies.Marketing KnowledgeDevelop strong market knowledge in order to provide comprehensive service to clients, develop new solutions, and construct compelling recommendations.Read, analyze and interpret common technical journals, financial reports, and legal documents to better serve client needs. Use analytical skills (probability, statistical inference, concepts such as fractions, percentages, ratios and proportions) and be able to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.Define problems, collect data, establish facts, and draw valid conclusionsAuthoritiesWhat authority is needed to deliver on the key accountabilities (e.g. credit limits, budget, decision making, hiring, resourcing)? What kinds of decisions / recommendations does this job make? What kinds of decisions does this job take to its manager or others for approval before taking action?Advisory: Under guidance, this role provides sales or trading suggestions and information to clients. Information Access: Authority to use and access confidential information related to product and financial information.Veto: Authority to stop something from happening because of significant compliance and risk exposure.This job requires the incumbent to interact with the following processes and/or groups in BMO FG:Institutional ClientsResearchTrading Products GroupsMarketingComplianceHuman ResourcesScope and Impact What is the impact of this jobs decisions or actions? For example, what is the size of budget managed by this job, revenue targets assigned to this job, number of people managed, number of customers impacted?Scope and Impact:This role has direct or in-direct impact on the following:The work product directly impacts the growth initiatives within the Business Unit, client portfolios and any transaction for which the Associate is involved.The Associate contributes to the team through delivery of strategic recommendations to clients. As a team member, the Associate interacts with Management across BMO and BMO Capital Markets, and all strategic product areas in supporting the Sr Professionals in developing the most appropriate pitches to clients and winning new mandates. These efforts have significant financial implications to clients and to the Business Unit as well as the overall growth of the business.Cross Functional RelationshipsWhat other jobs does this job interact with to get things done? What important contacts will this job have with other positions, departments in the organization, or outside? Please describe the nature, purpose, frequency of contact.

We’re here to help

At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything wedo – helping people is in our DNA. For 200 years we have thought about the future—the future of ourcustomers, our communities and our people. We help our customers and our communities by workingtogether, innovating and pushing boundaries to bring them our very best every day. Together we’rechanging the way people think about a bank.

As a member of the BMO Harris Bank team you are valued, respected and heard, and you have moreways to grow and make an impact. We strive to help you make an impact from day one – for yourselfand 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 andnetwork-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://bmoharriscareers.com.

BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning fromeach other’s differences, we gain strength through our people and our perspectives. BMO Harris Bankis an Equal Opportunity Employer for all, inclusive of Minorities, Women, Veterans, and Persons withDisabilities.

Job Field:

Capital Markets

Job Schedule:

full-time

Primary Location:

United States-Illinois-Chicago