Analyst/Associate, FX Commercial Sales

BMO Capital Markets; Calgary; On-site; CAD 95,000 - 120,000; Full time

Job summary

BMO Capital Markets is seeking an Analyst/Associate for FX Commercial Sales in Calgary. This role involves quoting foreign exchange transactions, maintaining client relationships, and utilizing data analysis to identify new opportunities. Ideal candidates have a strong academic background in finance or economics and relevant experience in financial markets.

Benefits

Health insurance

Tuition reimbursement

Retirement savings plans

Qualifications

• Undergraduate degree with outstanding academic achievement.
• Strong understanding of financial markets.
• Relevant experience in financial analysis preferred.

Responsibilities

• Quoting and booking foreign exchange transactions.
• Maintaining strong relationships with commercial clients.
• Researching and analyzing financial market data.

Skills

Analytical skills

Attention to detail

Interpersonal skills

Communication skills

Education

Undergraduate degree in finance, economics, math, engineering or accounting

Tools

MS Excel

Microsoft Office

Job description

Join to apply for the Analyst/Associate, FX Commercial Sales role at BMO Capital Markets

Join to apply for the Analyst/Associate, FX Commercial Sales role at BMO Capital Markets

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 Corporate Sales & Structuring group is a team within Trading Products Fixed Income, Currencies & Commodities (FICC) responsible for originating and executing hedging and financing transactions for BMO’s corporate and commercial clients. Working closely with investment, corporate and commercial banking, the team serves as product experts with a coverage universe including foreign exchange, interest rate and equity derivatives, structured finance, equity linked securities and commodities.

Job Summary:

Reporting directly to the Director & Head, Commercial FX Sales, this position is responsible for quoting and booking foreign exchange transactions for branches and mid-sized corporates across Canada. The candidate contributes to the overall profitability of the Foreign Exchange Group through the maintenance of strong relationships with commercial clients, internal partners and branch representatives, and by ensuring accurate information is available and easily accessible.

Job Responsibilities:

• Commercial / Retail FX sales
• Systems and Information Management
  
  
  

Specific Accountabilities:

• Commercial Client FX Sales.
• Provide pricing of foreign exchange currencies to Bank of Montreal commercial client segment
• Utilize data analysis skillset to identify new client opportunities.
• Quote & execute spot, forward, swap & options trades.
• Provide demos of Online Banking for Business (OLBB) to clients and troubleshoot issues
• Assist with onboarding & regulatory requirements for new clients
• Produce written presentations and pitch material as required
• Research and analyze financial market data; summarize data for recent trends and market developments
• Branch/Client Relations
• Provide pricing of foreign exchange currencies to Bank of Montreal branches
• Quote spot and forward rates to branches as needed
• Provide demos of Online Banking for Business (OLBB) to clients and troubleshoot issues
• Ensure all branch and direct dealing transactions are correctly booked
• Assist with onboarding requirements for new clients
• Produce written presentations and pitch material as required
• Systems and Information Management
• Ensure all systems rates are current and update when required
• Assist mid-market group with electronic systems
• Use appropriate systems to accurately price FX products
• Quote cross prices as needed i.e. €/£
• Manage a portfolio of small exotic currencies used for branch transactions, ensuring profitability is maximized.
  
  
  

Authorities:

• Advisory: This role provides FX pricing and information to branches and direct dealing corporate clients.
• Information Access: Authority to use and access confidential information related to product and financial information.
• Veto: Authority to stop something from happening because of significant compliance and risk exposure.
  
  
  

Cross Functional Relationships:

This job requires the incumbent to interact with the following processes and/or groups in BMOCM:

• Global Markets
• Personal & Business Banking
• Canadian Commercial Banking
• Corporate Services: Compliance, Corporate Risk, Human Resources
  
  
  

Qualifications, Capabilities and Skills:

• An undergraduate degree with outstanding academic achievement
• Specific academic coursework in finance, economics, math, engineering or accounting
• Strong understanding of, and keen interest in, the operation of the financial markets
• Relevant experience within financial markets, performing financial analysis in a client facing role is preferred
• Familiarity with basic derivatives including options and swaps
• Excellent analytical skills
• Strong attention to detail
• Highly developed professional written and oral communication skills with a proactive mindset
• Expertise in financial computer applications and database management tools including MS Excel. Strong proficiency in other Microsoft Office products
• Programming ability in VBA desired but not required
• Ability to be creative, insightful and resourceful in performance of duties.
• Strong interpersonal skills to work with team members, other groups, and clients. Need to be personable, confident, credible
• Ability to function in a demanding team environment, multi-task under what can be short timelines, and manage multiple projects and requests in an organized manner
• Excellent capability to independently function as part of a team through self-motivation
  
  
  

Base Pay Range

The salary for Analyst level role is CAD $95,000

The salary range for Associate level is CAD $110,000 to $120,000

Level and salary is subject to the candidate meeting the specific skills, experience, education, and qualification requirements.

Salary:

Pay Type:

Salaried

The above represents BMO Financial Group’s 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 Group’s expected target for the first year in this position.

BMO Financial Group’s 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: https://jobs.bmo.com/global/en/Total-Rewards

About Us

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. 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.

To find out more visit us at https://jobs.bmo.com/ca/en

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

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Sales and Management

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