BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

The Associate will be part of BMO’s Asset Backed Securities group that manages of a $15B+ portfolio of securitization transactions in asset classes such as, auto, equipment, student loan, credit card, and consumer installment loans. ODM’s primary function is to lead strategic initiatives that enhance the ABS group’s business opportunities and income generation by creating a flexible and efficient operating platform to finance securitization clients, manage active ABCP funding vehicles, and extract business insights from various data sources. ODM also helps manage daily cash flow reconciliations, coordinates the collection, analysis, and distribution of loan performance data, onboards new clients, and supports CP funding activity. A successful candidate will develop diverse financial operations skills, including understanding money markets and securitization, database administration, analysis & reporting, and operational change management.

Business Operations & Data Management (55%)

• Critically asses operating procedures and systems to propose and implement efficiency improvements
• Use business intelligence applications, such as Power BI, Tableau, Spotfire, or similar, to perform portfolio analytics and generate value-added reporting for senior management
• Support administration of ABS operating database
• Support complex change management projects: establish new financing vehicles, develop procedures for new funding products, design new reporting protocols
• Manage effective relationships with business partners, such as Accounting, Legal & Compliance, and IT

Loan Servicing (30%)

• Supervise daily operations of a team that services securitization loan
• Onboard clients: review lending agreements for servicing protocols and input deal profiles to database
• Process loan draw and paydown requests
• Manage wires, reconcile daily cash flows, and resolve trade settlement issues
• Manage performance monitoring of securitization loans
• Review and ETL periodic client reporting
• Interact with clients to resolve servicing discrepancies
• Support loan life cycle events: amendments and terminations, performance breaches, special fundings, etc.

Legal Entity Administration (15%)

• Understand legal structure of various financing entities managed by ABS group
• Maintain awareness of structured finance regulatory landscape

Helpful attributes:

• Self-starter with keen attention to detail and ability to work under limited supervision.
• Ability to be creative, insightful, and resourceful in performance of duties.
• 2-5 years combined academic coursework or experience in operations management, MIS, business intelligence, or similar
• Basic knowledge of corporate or commercial lending and financial math
• Strong team collaboration skills.
• Proficiency in basic office products such MS Word, Excel, PowerPoint, or equivalent.
• Ability to multitask.

We’re here to help

At BMO Harris Bank 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 Harris Bank 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. 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 and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

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

BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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 Harris Bank does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO Harris Bank, directly or indirectly, will be considered BMO Harris Bank property. BMO Harris Bank 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.