OTC Derivative Settlements Specialist

BMO; Toronto; On-site; CAD 56,000 - 104,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group is seeking a detail‑oriented professional in Toronto to provide operational support for settlement processes across securities, foreign exchange, and money markets. You will collaborate with internal teams and external customers to ensure accuracy, timeliness, and compliance with SLAs.

The role requires 4–6 years of relevant experience, a post-secondary degree, and strong analytical and communication skills.

Qualifications

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Knowledge and experience using relevant systems and technology – In-depth.
• Knowledge and understanding of the business unit’s key products and services, processes and controls – In-depth.
• Knowledge of the risk and regulatory requirements of the business – In-depth.

Responsibilities

• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Communicates with internal business partners and external customers to respond to standard and non-standard inquiries.
• Ensures alignment between stakeholders.
• Monitors and tracks performance, and addresses any issues.
• Executes work to deliver timely, accurate, and efficient service.

Skills

Customer service

Analytical skills

Data analysis

Stakeholder management

Multi-tasking

Communication skills

Collaboration

MS Word

MS Excel

PowerPoint

Education

Post-secondary degree in related field

Tools

MS Word

MS Excel

PowerPoint

Job description

Application Deadline:

09/11/2026

Address:

100 King Street West

Job Family Group:

Customer Shared Services

Provides support and delivers specific operational processes to ensure timely and accurate settlement of Security, Derivative, Foreign Exchange and Money Market transactions executed globally, and confirms the activity is accurately recorded in the bank’s book of records. Specific operational processes include pre and post settlement support related to account opening, confirmation, cash management, margin, and collateralization. Also provides support for specialized operations - Asset Servicing (corporate actions/entitlements), Correspondent Banking Services, and the Wire Payment Operations hub for the bank. Ensures compliance with all regulatory topics and reporting requirements related to the products and processes it supports.

• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.

• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.

• Helps determine business priorities and best sequence for execution of business/group strategy.

• Communicates with internal business partners and external customers to respond to standard and non-standard inquiries.

• Ensures alignment between stakeholders.

• Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.

• Monitors and tracks performance, and addresses any issues.

• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

• Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.

• Provides input into the planning and implementation of operational programs.

• May assist in the coordination of work flow and activities of the team, including assigning work, periodically reviewing output, providing input to employee performance reviews, quality control, training, team coaching and guidance, operations research and problem resolution.

• Fulfills routine and frequently non-routine transactions, internal business partner and/or external customer inquiries/requests, and/or audit/reconciliation activities.

• Analyzes and resolve complex issues efficiently and effectively in accordance with Bank and industry standards. Acts as primary back-up to team members and as back-up to the manager.

• Evaluates circumstances requiring exceptions and engages senior management for resolution where required.

• Provides input into the planning and implementation of business programs.

• Executes work to deliver timely, accurate, and efficient service.

• Resolves standard and relatively straightforward issues, referring non-routine issues to more senior team members and/or manager.

• May function as a problem-solving resource for more junior staff.

• Provides input and analysis into and participates in the planning, testing and implementation of continuous improvement projects as required.

• Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences.

• May acts as the day to day contact for vendors; supports the implementation, maintenance, and sustainment of vendor solutions.

• Follows documented policies and procedures to execute day to day transactions, activities, processes and ensure all Service Level Agreements(SLAs) are met. Checks and reconciles information and documentation to ensure accuracy and completeness.

• Analyzes data and information to provide insights and recommendations.

• Identifies and analyzes issues and problems, and resolves discrepancies in a timely manner. Deals with clients directly to resolve issues and/or escalates as required.

• Communicates and collaborates with internal and external stakeholders in order to deliver on business objectives.

• Develops and maintains effective relationships with internal & external stakeholders to execute work and fulfill service delivery expectations.

• Communicates and collaborates with internal and external stakeholders in order to deliver on business objectives.

• Understands the regulatory requirements and risks inherent in the operations and ensures appropriate actions are taken and operational integrity is maintained.

• Collaborates in development/implementation of new processes/systems and changes/improvements to existing systems and processes.

• Supports the development of tools and delivery of training focused on delivering business results.

• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.

• Exercises judgment to identify, diagnose, and solve problems within given rules.

• Works independently on a range of complex tasks, which may include unique situations.

• Broader work or accountabilities may be assigned as needed.

• Qualifications:

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Knowledge and experience using relevant systems and technology – In-depth.

• Knowledge and understanding of the business unit’s key products and services, processes and controls – In-depth.

• Knowledge of the risk and regulatory requirements of the business – In-depth.

• Prioritization skills – Good.

• Customer service skills – In-depth.

• PC skills (MS Word, Excel, PowerPoint) – In-depth.

• Ability to multi-task in a fast-paced environment.

• Technical proficiency gained through education and/or business experience.

• Verbal & written communication skills - In-depth.

• Collaboration & team skills - In-depth.

• Analytical and problem solving skills - In-depth.

• Influence skills - In-depth.

• Data driven decision making - In-depth.

Salary

$56,000.00 - $103,500.00

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

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.

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.

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.