Associate Director Trade Operations

Associate Director, Trade Operations

About the job

This position’s responsibilities will include but is not limited to Managing middle office operations and settlements. This role will be accountable for supporting operational processes related to clearing and settlements and will involve working directly with clients, CES’s clearing broker, the business group, and other internal teams. The right candidate should possess excellent client service skills and prior experience with US Equities broker to broker, and DVP settlements. Familiarity with international settlements and asset servicing is a positive, with particular focus on Canada and UK/Europe.

Essential Job Functions/Responsibilities

• Work with CES client service and sales team to onboard and set-up new clients utilizing our proprietary systems.
• Work with Clearing firm on any escalations regarding aged fails, trade breaks and or positions.
• Monitor trades to ensure settlement and work with clients, client services, custodians, clearing agents, and brokers to resolve settlement issues and resolve trade fails
• Respond to intraday trade inquiries from clients, Client Service and other teams
• Review failed sales and escalated potential Regulation SHO issues Communicate buy-ins to affected clients and Help Desk.
• Represent the CES Ops team with other teams to ensure compliance with operations regulations.
• Work extensively with Technology, Operations, Business Management, Client Service and other teams to help manage the technology applications and business processes supporting trade settlement and asset servicing.
• Work closely with Settlements teams in Europe and Canada to work on establishing and or automating new processes involving CES client business and or non us clients executing with CES.

Education/Experience Requirements

• Bachelor’s degree at a minimum. Series 99 (or ability to obtain within 6 months).
• Very strong Client Service skills are required.
• A minimum of three to five years prior US Equity settlements operations or middle office experience with strong understanding of broker/dealer operations. Prime brokerage Operations Experience is a plus
• Strong interpersonal skills and ability to interact with business and technical staff.
• Strong written and verbal communication skills.
• Strong computer skills.
• Strong organizational skills.
• Ability to work well under pressure and ability to multitask.

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 expected target for the first year in this position.

The 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.

About Us

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 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.

We are proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.