BMO Chicago , IL 60602
The Senior Trading Associate is responsible for the control and coordination of BMO Harris Financial Advisor trading on multiple platforms. The Senior Trading Associate will be a team leader, responsible for the supervision of trading and ensuring that the responsibilities of the trading team are consistently met. Along with overall supervisory tasks, the Senior Trading Associate will be responsible for reviewing trends and helping to deliver trade status and KRI reports to the Risk and Operations committees.
Execute Trading 45%
Accountable for the control and co-ordination of the trade desk operations
Maintain ongoing knowledge of the team activities and take ownership of tasks not being completed by the team
Develop team "best execution standards" to adhere to third party vendor standards
Answer field calls to the team phone line during business hours
Trade Supervision and Reporting
Supervise Trading as a Series 24 Trade Principal
Determine appropriate action on Trade Error/Correction Details and Reporting
Depending on Licensing, Supervise Municipal Trading (53) and/or Options Trading (4)
Manage ongoing relationship with the external trading vendors (Envestnet, and/or Pershing)
Build reports and KRI management for delivery to Operations and Risk Committee
Participate as necessary in Operations and Risk Committee Meetings
Ensure Trading Team Queue is being managed efficiently and all tasks are completed in appropriate timeframe
Help to develop best practices for trading and supervisory practices
Make Recommendations for improvements of trading functions
Understands the corporate and client investment policies and procedures and adheres to the risk management standards
Updates and improves the Policies and Procedures for trading functions as necessary
Maintains counterparty contacts and settlement instructions for the trading team
KNOWLEDGE AND SKILLS
5 to 10 years of Trading Experience
2 to 5 years of Trade Supervision Experience
Bachelor's Degree or equivalent
Master's Degree or equivalent Preferred
For Securities Products: FINRA Series 7, 65/66, 24
Preferred (Must attain within 90 days) FINRA Series 4
Additional Preferred Licenses: FINRA Series 53
We're here to help
At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do helping people is in our DNA. For 200 years we have thought about the futurethe future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we're changing the way people think about a bank.
As a member of the BMO Harris Bank 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 https://bmoharriscareers.com.
BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. BMO Harris Bank is an Equal Opportunity Employer for all, inclusive of Minorities, Women, Veterans, and Persons with Disabilities.