Associate, Collateral Management

This is a fully remote position, open to applicants in Canada.

📋 Description

• Execute operational processes and activities linked to collateral management, which encompass safekeeping, tracking/reporting, perfections, continuations, and releases.

• Offer advice and guidance on the implementation of solutions.

• Create solutions and recommendations that align with business strategy and stakeholder requirements.

• Assess business priorities and establish execution sequencing.

• Assist strategic initiatives involving both internal and external stakeholders.

• Address standard and non-standard inquiries from business partners and external clients.

• Cultivate relationships with stakeholders to ensure alignment.

• Synthesize information to enhance processes, analysis, and reporting.

• Identify, analyze, and resolve issues or escalate as necessary.

• Develop and implement change-management plans and activities.

• Provide timely, accurate, and efficient service.

• Aid in operational program planning and execution.

• Support work scheduling, resource forecasting, and team workflow coordination.

• Process transactions, inquiries, and audit/reconciliation activities.

• Address complex issues and serve as a backup for team members and management.

• Assess exceptions and engage senior management when necessary.

• Act as a problem-solving resource for junior staff.

• Recognize business needs and create tools and training programs.

• Serve as the primary vendor contact and support vendor solutions.

• Enhance business processes and procedures while participating in project and product/process implementations.

• Accurately process transactions while adhering to regulatory and risk controls.

• Comply with policies and procedures to meet service-level agreements.

• Communicate and collaborate with stakeholders to achieve business objectives.

• Verify and reconcile information and documentation.

• Maintain knowledge of regulatory requirements and operational risks.

• Implement BMO’s Risk Management Framework and make risk-informed decisions.

⛳️ Requirements

• Generally, 4–6 years of pertinent experience.

• A post-secondary degree in a related field of study or an equivalent combination of education and experience.

• Comprehensive knowledge and experience in relevant systems and technology.

• Extensive understanding of business unit products, services, processes, and controls.

• Thorough knowledge of risk and regulatory requirements.

• Strong prioritization skills.

• Exceptional customer service skills.

• Advanced proficiency in PC applications, including MS Word, Excel, and PowerPoint.

• Effective writing skills.

• Experience with data, automation, or AI tools is a plus.

• Capacity to multitask in a dynamic environment.

• Technical expertise acquired through education and/or professional experience.

• Strong verbal and written communication abilities, including the capacity to explain automation and AI concepts to non-technical stakeholders.

• Ability to identify business use cases for automation.

• Strong collaboration and teamwork skills.

• Proficient analytical and problem-solving capabilities.

• Strong influence skills.

• Competent in data-driven decision-making.

• Familiarity with risk and regulatory requirements and AI governance.

• Ability to leverage AI to stay current with knowledge.

🏝️ Benefits

• Performance-based incentives.

• Discretionary bonuses.

• Additional perks and rewards.

• Health insurance.

• Tuition reimbursement.

• Accident and life insurance.

• Retirement savings plans.

• Comprehensive training and coaching.

• Support from management.

• Opportunities for networking.

• Workplace accommodations available upon request.