BMO

IRD TDS Associate

New York, NY, USA Full time

Application Deadline:

01/04/2026

Address:

151 W 42nd Street

Job Family Group:

Customer Shared Services

Accountable for the execution of assigned FICC Trade Support activities for various products and processes that require specialized handling and skills applying in-depth product knowledge. Support the introduction of new products, technology or processes.  Develop and maintain excellent working relationships with Capital Markets Trading Products desk, Product Operations personnel and other stakeholder groups. 

A. Product & Process

  • Accountable for the execution of assigned on-desk trade support activities in a timely, accurate and efficient basis.
    • Book, validate and amend trades, affirm and allocate trades (Markitwire), review trade discrepancies and follow up with clients, perform PnL, Risk, trade and position reconciliations
    • In depth knowledge of the following products: USD Swaps, Inflation Swaps, Futures, Bonds
  • Support the resolution of discrepancies/exceptions, escalating to management as required.
  • Support the introduction of new products, technology or processes that are in line with Business Partner initiatives participating in the analysis, testing and implementation activities.
  • Work closely with internal and external stakeholders in support of FICC Trade Support Activities.
  • Participate in various stakeholder forums (Project Delivery/ Technology/ Regulatory/ Risk) in support of FICC Trade Support Activities.
  • Compile risk metrics for management.

B. Risk & Control

  • Identify potential risk situations within the scope of FICC Trade Support activities, escalating to management as required.
  • Ensure adherence to directives, internal processes and internal approvals to mitigate risk to the Bank
  • Understand regulatory and compliance requirements as prescribed for the business unit to ensure adherence as required.
  • Ensure adherence to all aspects of First Principles, Our Code of Business Conduct and Ethics Corporate Policy, as well as all applicable legislation, regulatory rules and requirements, and Bank standards, policies and procedures (P&Ps) for such things as potential conflicts of interest, safeguarding of customer information, trading in securities, anti-money laundering, privacy and disclosure of outside business activities.
  • Ensure strict confidentiality is maintained for both customer and Bank information to protect the customer and the Bank and to ensure compliance with Bank P&Ps.
  • Contribute to testing and updating of contingency planning to support the business and maintain continuity of critical processes throughout a contingency event.
  • Contribute to ensuring all procedures/ standards of team(s) are documented and regularly reviewed and updated as needed in accordance with market best practice guidelines and industry regulations.

C. Business Performance Management

  • Identify opportunities to improve the operational effectiveness of assigned day-to-day FICC Trade Support activities.
  • Deliver exceptional customer service that builds trust through responsive, accurate, consistent, knowledgeable and available services and support.
  • Develop excellent working relationships with Capital Markets Trading Products desks, Product Operations and other stakeholder groups ensuring we have a global view across the business. 
  • Align individual performance goals to the team.
  • Demonstrate behaviors that are consistent with “Being BMO”.

D. Knowledge and Skills

  • 5+ years of business related experience in the financial services industry
  • University Degree/College Diploma in related discipline
  • Strong knowledge and understanding of a range of Financial Products including: Interest Rate Derivatives, US Treasuries, Futures, etc.
  • Knowledge of Financial Markets and Regulatory oversight bodies
  • Strong written and oral communication skills
  • Ability to work under tight deadlines independently or in a team-based environment
  • Strong investigation and problem solving skills and attention to details
  • Demonstrates analytical thinking and sound judgement when making decisions
  • Good organizational skills, highly motivated and adaptable to a changing business environment
  • Good understanding of business unit’s risk and regulatory requirements
  • Good understanding of internal business partner’s business, services and organization
  • Knowledge of departmental systems and applications supporting a range of Financial Products
  • Advanced Microsoft Office skills particularly in Excel

Salary:

$63,300.00 - $117,200.00

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

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 http://jobs.bmo.com/us/en

BMO is 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.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

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.