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BMO · 3 days ago

Regulatory Reporting

New York, NY, USA

Full-time

Onsite

Mid Level

$81K/yr - $152K/yr

BMO Capital Markets Corp. is seeking a Regulatory Reporting professional to join their broker/dealer regulatory reporting team. The role involves the preparation of customer reserve calculations, compliance with relevant regulations, and collaboration with various stakeholders to enhance reporting processes.

BankingCrowdfundingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

Preparation of weekly (or potentially daily) 15c3-3 customer reserve calculation for BMO Chicago Branch

Acts as a subject matter expert on relevant reserve regulations and policies

Partner with client onboarding to communicate any customer/non customer designation issues

May network with industry contacts to gain competitive insights and best practices

May own internal/external stakeholder relationships, include internal/external auditors and regulators

Assists in preparing any required monthly/quarterly/annual filings related to the reserve calculation, as needed

Drives enhancements to the 15c3-3 in house database to minimize manual inputs into the calculation

Maintains customer reserve bank account and securities account

Determines the 15c3-3 impact of initiatives/ strategic business decisions, and incorporate the impacts into forecasting tools

Breaks down strategic problems, and analyses data and information to provide financial insights and recommendations

Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information

Integrates information from multiple sources (e.g. financial and operational systems) to enable more efficient processes, enhanced analysis and/or streamlined reporting

Acts as a trusted regulatory advisor to minimize reserve cash requirements

Recommends and implements solutions based on analysis of issues and implications for the business

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

Works independently and regularly handles non-routine situations

Qualification

15c3-3 regulationsFinancial reportingData analysisBachelor's in FinanceSeries 27Stakeholder managementProblem-solvingCommunication skills

Required

Bachelor's Degree in Finance or Accounting

Member of the broker/dealer regulatory reporting team who will be responsible for the 15c-3 customer reserve calculation for BMO Chicago Branch