The Associate is primarily responsible for assisting in the implementation of new Supply Chain Finance buyer programs and on-boarding suppliers to those programs. The Associate will assure appropriate documentation (i.e. Master Service Agreements, Operational Service Agreements, KYC documentation) has been obtained and stored and that technical interfaces with the bank are functioning. In addition the associate will monitor utilization and seek feedback from suppliers that are not trading (selling) receivables as anticipated to make sure there are not issues with visibility or process. Associate will work to obtain approval to provide funding in new legal jurisdictions to support program needs. The Associate will also interact directly with appropriate levels at both clients and platform providers on a regular basis to ensure the ramp up of new programs is proceeding at the expected pace. Progress reports on new implementations will be provided to the Director of SCF and to GT management on a regular basis.
Validate and store MSAs and OSAs
Validate KYC documentation
Monitor utilization levels
Respond to client inquiries on a timely basis
On-board suppliers in a timely and efficient manner
Participate in system integration testing
Facilitate information flow between BMO and technology provider
Coordinate information flow internally (utilization, revenue)
Participate in development and maintenance of terms analysis database
Develop relationships with Legal and Tax to help facilitate discussions regarding evaluation of new jurisdictions
Develop relationships with Credit and Corporate/Commercial Banking Associates to ensure efficient communication between teams and to monitor potential industry and prospect concerns as they arise
Adhere to the Bank’s credit, compliance, profitability, risk and business practice policies
Pursue actively opportunities for personal and professional development
Assist with prospect analysis as needed
Other duties and responsibilities with-in Global Trade as assigned
Knowledge & Skills:
Bachelor’s degree, preferably in Finance, Business, or Accounting; MBA desirable
3+ years of experience at the analyst and/or associate level
Working knowledge of credit analysis process, capital markets products (particularly trade products), and transaction banking services
Good knowledge of the organizational lending and portfolio management policies and objectives.
High proficiency with MS Word, Excel, PowerPoint and (ideally) MS Access
Experience working cross functionally
Experience managing multiple priorities
Excellent verbal and written communication skills including the ability to work in teams and to make internal presentations in small group settings as the need arises
BMO Financial Group thanks all applicants. We advise only those who qualify for an interview will be contacted.
At our company, we have been helping our customers and communities for over 195 years. Working with us means being part of a team of talented and passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.
To find out more visit our website at www.bmo.com/careers.
BMO Financial Group is committed to an inclusive, equitable and accessible workplace. By embracing diversity, we gain strength through our people and our perspectives. We welcome and encourage applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.