BMO Capital Markets is a leading, full-service North American financial services provider operating in 16 North American offices and 29 worldwide, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services.

BMO Capital Markets is a member of BMO Financial Group (TSX:BMO)(NYSE:BMO), one of the largest diversified financial services providers in North America.

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 year’s 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 Bank’s 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:

• Bachelor’s 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.