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This individual contributor role offers a unique opportunity for direct exposure to Capital Market trading and a comprehensive overview of hedging risk strategies within the bank. You will be involved in hedging interest rate and foreign exchange risks, gaining in-depth knowledge of these strategies. The work requires a keen eye for detail. Engaging with traders and developing an understanding of financial products provides valuable exposure. This position serves as an excellent starting point for individuals interested in finance or accounting, offering a blend of valuable skill sets.

As part of the Accounting Policy team within the Enterprise Controllership group of BMO, our hedge accounting team is seeking a Senior Analyst. This role focuses on supporting hedging operations, ensuring compliance with internal controls, and maintaining the accuracy of financial statements.

Prepare, review and maintain hedge accounting template and documentation, ensuring compliance with internal policies and accounting standards
Collaborate with Corporate Treasury and Capital Market trading desks to validate and align hedging strategies.
Complete and monitor hedge accounting checklists, ensuring timely approval of hedges, validation of terms, and appropriate accounting classification.
Conduct monthly hedge effectiveness testingto ensure hedge accounting qualification.
Reconcile hedging transactions for accuracy and completeness.
Support quarterly and year end financial disclosure processes, including preparation of hedge reporting packages.
Participate in transformation and automation projects, identify areas for process improvements, streamline hedge documentation workflows
Integrate information from multiple sources to support reporting, analysis, and process efficiencies.
Builds effective relationships with internal/external stakeholders, including auditors, risk management, and finance teams
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.
Good knowledge of hedging strategies and financial instruments.
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.

The above represents BMO Financial Group27s 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 Group27s expected target for the first year in this position.

BMO Financial Group27s 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: