Business Analyst - BMO Financial Group : Job Details

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 purpose of this role is to support the Global Markets Corporate Banking line of business ability to execute the 1st line of defense accountability for portfolio and risk management activities, and for the efficient functioning of the LOB. As an integral part of the team, the **Business Analyst, Corporate Banking** assists the Hedge Fund Corporate Bankers by taking responsibility for the operation of certain key business processes, and by responding effectively to customer and banker requests. Responsibilities include operational functions such as client onboarding, AML/KYC, and portfolio monitoring and maintenance activities.

Portfolio Monitoring and Maintenance:

+ Monitor and track monthly, quarterly, and semi-annual covenant and trigger processes for on time completion. Generate status report mid-month and communicate with Bankers in advance of 30-day grace period.

+ Record legal documentation and compliance exceptions with Bankers and clients.

+ Maintain proprietary Hedge Fund database used for trigger monitoring.

+ Complete other portfolio monitoring (e.g., track receipt of CE/CBR approvals post final forming of CAF, track rating alert due dates, etc.) as required by the Hedge Fund Corporate Banking team

+ Monitor internal systems for data issues and instruct corrections accordingly (e.g. incorrect limits, netting status, static data)

+ Support HF monthly memos and quarterly meetings.

+ Special projects as needed (i.e., remediation and other one-off requests)

Credit Approval Support Functions:

+ Assist Bankers in the credit approval process for new and renewed transactions via the preparation and population of the Credit Approval Folder (CAF). This would typically entail setup of new or updated client information in the lending system application, initiation of the LTS (Lending Transaction Summary) populated for the request type (New Transaction, Annual or Interim Review), assign user access rights, select entities to be reviewed, populate borrower, sector/industry and ownership codes, publish the folder to Livelink, populate and update with key source documents (financial statements, risk reports, rating agency reports, CIMs, etc.) and carry forward documents (previous years term sheets, OBS, etc)

+ Other duties (eg. relevant industry data) as required.

Risk Management & Control:

+ Within the mandate of this role, promote, adhere and support the Banks risk culture, lead by example.

+ Within the mandate of this role, maintain internal controls to support management decision-making that protects our assets and adheres to applicable corporate policies, operating directives, laws and regulations (including risk, compliance, and AML).

AML/UEN/Client Onboarding Requests

+ Initiate UEN (Universal Entity Number) requests for new counterparty set-up. Share new client/new product information and interface with the Client Onboarding (COB) group.

+ Initial review of AML/KYC checklists, track changes and coordinate completion of annual reviews. BA will review AML analyst changes and ensure checklist is correct before sending to banker for approval.

Knowledge:

+ Bachelors degree in business/business administration or other equivalent post-secondary diploma with 1- 2 years of related work experience

+ Understanding of accounting principles and various types of financial statements a plus

+ General knowledge of Fund universe and trading products a plus

Skills:

+ Strong attention to detail, and a high degree of accuracy.

+ Ability to handle multiple priorities in a deadline environment.

+ A collaborative, team and relationship orientation with Corporate Bankers, and with colleagues on other teams.

+ An organized and systematic approach to work.

+ Analytical and problem-solving skills.

+ Ability to work independently and take ownership of personal performance and development.

+ Ability to utilize multiple PC software applications, including strong proficiency of Microsoft Excel, Access and other database / coding experience a plus.

+ A high level of professionalism.

+ Ability to navigate internal systems with a holistic approach.

Salary for this role in New York is $70,000.00 USD

**Salary:**

**Pay Type:**

Salaried

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:

**Were here to help**

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

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each others differences, we gain strength through our people and our perspectives. BMO 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 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.