BMO Financial Group
Finance & Accounting
VPGlobalMarketsFundsTransferPricing
“VP Global Markets Funds Transfer Pricing at BMO Financial Group. Skills: Funds Transfer Pricing (FTP), Liquidity and Funding Management, Market Risk Management, Financial Instruments Analysis, Quantitative Modelling, SQL, Python. Management of the FTP process in BMO Global Markets (GM). Calculation and reporting of funding costs and collateral usage costs”
What You'll Achieve.
ensure compliance with Bank policies, standards, and guidelines; ensure accuracy and timeliness of FTP calculations; proactively manage any potential liquidity and funding exposures or opportunities; avoid internal arbitrage; improve/optimize the performance of Capital Markets businesses
Industry & Context.
quantitively thinking; Ability to understand and analyze complex financial products and transactions; Ability to assist in development of analytical models and decompose complex transactions into their balance sheet elements
What They're Looking For.
Must Have
8+ years’ experience, Undergraduate degree, Experience and understanding of liquidity and funding principles, market and credit risk management practices, financial instruments, and Global Markets operations, In-depth familiarity of trading system output data, In-depth knowledge of MS Office suite (Excel, PowerPoint, Word), Working knowledge of database querying (SQL), programming (Python, VBA), and Bloomberg software, Understanding of financial markets and banking & broker/dealer regulatory environments, Understanding of international best practices in capital, liquidity and funding management, and process improvement, Ability to understand and analyze complex financial products and transactions including derivatives, secured financing transactions, fixed income, loan origination facilities, and collateralization in these transactions, Ability to assist in development of analytical models and decompose complex transactions into their balance sheet elements, data management skills with the ability to quickly source and work with data from many sources, Ability to communicate with both business and risk subject matter experts to connect and translate advanced concepts, process and change management skills
Nice to Have
CPA, MBA, or CFA (or comparable) are nice to have
What You'll Do.
Management of the FTP process in BMO Global Markets (GM)
Calculation and reporting of funding costs and collateral usage costs
optimize and run the FTP calculation to ensure compliance with Bank policies
Modelling and calculation of FTP requirements across GM
Optimization of calculations to ensure accuracy and timeliness
Planning of unsecured funding issuance and how that affects funding costs and FTP results
Work closely with LOBs on business initiatives to identify and proactively manage any potential liquidity and funding exposures or opportunities
determine FTP demand profile to use
Understanding of how desks pay for funding daily and how FTP charges apply relative to existing processes
Alignment of FTP processes in GM with rest of the bank to avoid internal arbitrage
Alignment of FTP to collateral usage costs as related to VM
Maintenance and updates to FTP documentation
including policies and committee mandates
Potential to work on GM Interest Rate in the Banking Book initiatives
Participate as a team member on projects will help improve/optimize the performance of Capital Markets businesses under various binding balance sheet constraints
How You'll Work.
Team & Collaboration
Works closely with the GM Lines of Business (LOBs), other groups in Treasury, and Market Risk; Work closely with LOBs on business initiatives; Ability to communicate with both business and risk subject matter experts to connect and translate advanced concepts; Relationship management with an internal client focus
Communication Scope
Excellent written and oral communication skills; Ability to communicate with both business and risk subject matter experts to connect and translate advanced concepts
Process & Methodology
process and change management skills, Participate as a team member on projects will help improve/optimize the performance of Capital Markets businesses
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