Bank of Montreal

Associate Director, OTC Derivatives Confirmations

Bank of Montreal$86K — $160K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in physical commodities or precious metals settlements.
  • Strong hands-on knowledge of physical metals settlement flows and vault movements.
  • Demonstrated ability to manage risk and complex issues independently.
  • Proficiency in engaging with senior stakeholders and external counterparties.
  • Preferred knowledge of precious metals products like gold, silver, platinum, and palladium.

Responsibilities

  • Own and execute end-to-end settlement of physical precious metals transactions across North America.
  • Manage physical releases and receipts with approved depositories and logistics providers.
  • Ensure alignment of settlement instructions with confirmed trade economics.
  • Lead the confirmation and affirmation process and ensure timely agreement with counterparties.
  • Oversee daily and periodic reconciliations across trade systems and inventory records.
  • Drive process improvements and automation opportunities within Physical Metals Operations.
  • Support procedure documentation and operational resilience for the North American team.

Benefits

  • Health insurance coverage.
  • Tuition reimbursement for continuous learning.
  • Accident and life insurance policies.
  • Retirement savings plan options.
  • Performance-based incentives and discretionary bonuses.
Full Job Description
Application Deadline:

06/26/2026

Address:
100 King Street West

Job Family Group:

Customer Shared Services

Job Purpose

The Associate Director is a senior member of Capital Markets Operations, accountable for the strategic oversight and governance of the trade confirmations and affirmations function across Metals, Commodities, Energy, and Emissions.
The role provides operational leadership for confirmation integrity, timeliness, and control effectiveness, ensuring that all trading activity is accurately agreed with counterparties, operational risk is minimized, and regulatory standards are consistently met.

Key Accountabilities

Confirmations & Affirmations Oversight
  • Own the end-to-end confirmations and affirmations framework for trading activity across Metals, Commodities, Energy, and Emissions.
  • Set standards for confirmation issuance, matching, and affirmation quality across bilateral and electronic workflows.
  • Provide senior oversight of confirmation timeliness, aged items, and material discrepancies.
  • Act as the primary escalation point for high-risk or complex confirmation issues, driving resolution with Trading, Legal, and counterparties.


Risk, Controls & Regulatory Alignment
  • Maintain strong governance over confirmation-related operational risk, regulatory compliance, and audit readiness.
  • Ensure effective monitoring of key risk indicators, exception trends, and control performance.
  • Partner with Risk and Compliance to address emerging risks, regulatory changes, and remediation actions.
  • Lead engagement with internal audit, regulatory reviews, and control testing activities relevant to the confirmations lifecycle.


Stakeholder Leadership & Business Partnership
  • Serve as a senior operations partner to Trading, Risk, Legal, Credit, Technology, and Settlements.
  • Provide subject-matter expertise on confirmations processes for new products, structures, and counterparties.
  • Represent Operations in business initiatives requiring confirmation model changes or enhancements.
  • Maintain strong external counterparty relationships to support timely resolution of confirmation matters.


Strategy, Process & Team Leadership
  • Drive the strategic direction, standardization, and automation of confirmations processes across asset classes.
  • Sponsor and support technology initiatives aimed at improving straight-through processing and risk reduction.
  • Oversee procedure documentation, knowledge transfer, and operational resilience planning.
  • Provide leadership, coaching, and escalation support to the confirmations team, fostering a strong ownership and risk-aware culture.


Required Experience & Capabilities
  • Extensive experience in Markets Operations, with deep expertise in trade confirmations and affirmations across commodities, metals, energy, or emissions.
  • Strong understanding of the trade lifecycle and the critical role of confirmations in mitigating operational and counterparty risk.
  • Demonstrated ability to lead complex workflows, manage risk, and influence senior stakeholders.
  • Proven judgment, decisiveness, and accountability in high-pressure, time-sensitive environments.
  • Clear, confident communicator with strong written and verbal skills.


Preferred Qualifications
  • Cross-asset product knowledge spanning Metals, Commodities, Energy, and/or Emissions.
  • Experience with electronic confirmation and matching platforms.
  • Prior leadership in audit, regulatory engagement, or large-scale process change initiatives.


Salary:

$86,000.00 - $160,000.00

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 Bank of Montreal

The Bank of Montreal is a Canadian multinational investment bank and financial services company. It provides a wide range of personal and commercial banking, wealth management, and investment banking products and services. The bank had revenues of CAD 23.6 billion in 2020.
Learn more about Bank of Montreal
Size
45,454 employees
Market Cap
$60.9 billion
Industry
Founded
1817
5 Year Trend
+9.1%
NASDAQ

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