Analyst II, Capital Market Finance

Job title: Analyst II, Capital Market Finance

Job description:

• Under the direction of the Manager, the Analyst is responsible for the day to day accounting functions of the Merchant Banking legal entities. This role is also accountable for the production and analysis of weekly estimates, monthly, quarterly and annual management reporting, forecasting and planning for Merchant Banking.
• The analyst will provide support to the I&CB LFO (Lead Financial Officer) teams in support of their respective LOBs.
• The Analyst will apply a degree of knowledge in resolving complex issues within the scope of his/her technical expertise.
• The Analyst is also required to identify continuous improvement opportunities and will escalate any potential risk issue to the Manager.

Accounting and Financial Analysis (60%)

• Ensures the accurate and timely completion of the following:
• Responsible for the timely preparation of journal entries on CODA, FC, S/4 HANA and Investran of Merchant Banking legal entities for Canada
• Responsible for the completion of capital call wire transfers request, maintain and update a control log on status of wire transfers and ensure receipt of wire transfer confirmation
• Responsible for the control log update of wire transfer related to Cash Distribution from different funds
• Maintain and update capital call requirements and check unfunded commitment levels
• Preparation of monthly/quarterly/yearly exposure & availability limit report
• Prepare monthly legally binding commitments, Valuation of Securities (“VOS”) and quarterly investment securities gains and losses report
• Responsible for the analysis required for closing the books for sign-off on financial results for Merchant Banking
• Responsible for the timely preparation of investment reconciliations
• Responsible for the account reconciliations for the various general ledger accounts and proactively research and communicate the findings accordingly. Investigate discrepancies and log into the control monitoring sheet for reviewer’s information and action.
• Prepare timely and accurate financial and management reports for the Merchant Banking Finance and investigate any variances
• Responsible for the vendors invoices for legal and non-legal invoices and continuous monitor and follow up is required until the payments are completely processed
• Analysis and understanding of revenue and expense drivers (including variable compensation accruals and cross charges)
• Responsible for the application request on any GL and BOD changes and liaise with the Insight Cost Team for the appropriate impact on any inter or intra-relationship changes
• Production, coordination and analysis with LFO of detailed quarterly forecast and annual plan.
• Ensure proper accounting procedures, adequate internal controls, documentation and completion of audit trails

Management Reporting (20%)

• Responsible for preparation of accurate and timely management reporting deliverables, including the production of weekly financial estimates and commentaries for BMO Capital Markets Finance, LFO and LOB professionals
• Responsible for the monthly/quarterly and annual detailed financial analysis of management reporting package for Merchant Banking
• Provide accurate and timely management reporting for LOB professionals to enable appropriate business decisions
• Advise Manager of potential risks and opportunities in the financial weekly estimate and monthly financial results
• Participate in the yearly planning and quarterly forecasting process; maintain financial models and templates
• Analysis and investigation of month end variances (revenue and expenses)

Advisory (5%)

• Contribute to business process improvement activities. Responsible for recommending approaches to improve the financial processes, reporting design and delivery (including weekly and monthly reporting packages, quarterly forecasts, strategy, annual plan processes).
• Provide assistance to ensure adequate financial controls and supporting information, while satisfying the requirements of corporate governance.
• Advise Manager, Capital Markets Finance of any potential risks and opportunities in financial results
• Assist the LFO/LOB in interpretation of accounting policies, risk guidelines and regulatory governance and ensure that new and existing initiatives are in compliance with existing bank and regulatory guidelines
• Proactively interact with other support groups (CAG, WBPO, Legal, Tax etc.) to achieve objectives of improved efficiency and reporting innovations

Strategy (5%)

• Determine how LFO/LOB would like to review financial information in order to be able to make strategic business decisions
• Identify areas where cost can be saved. (i.e. cost recovery within bank, TSAs)
• Create and promote continual reliable and credible communications with LFO/LOB and key contact groups

Compliance, Regulations and Other (5%)

• Adherence to compliance with corporate standards, policies, Merchant Banking directives and U.S. and Canadian regulations
• Documentation (5%)
• Develop and document the process flows of the position’s key accountabilities for the departments cross training project

Knowledge

• Completion or near completion of an accounting designation (CPA)
• Finance, Accounting degree or B. Comm
• 3 years working experience in a Finance environment
• Advanced analytical and financial acumen
• Capital Markets product knowledge
• Good knowledge of IFRS
• Proficiency in MS Office (Excel and PowerPoint)
• Advance knowledge of bank systems (i.e. Investran, CODA, S/4 HANA, FC, Essbase)

Skills

• Excellent interpersonal skills in order to maintain relationships with LFO/LOB along with good written and verbal communication skills
• Strong organizational, multi-tasking and prioritization skills in order to efficiently complete multi-intensive or time sensitive assignments
• Expert ability to evaluate processes, identify potential problems and recommend solutions
• Excellent analytical skills in order to discern large amounts of data and determine correct course of action
• Ability to work in a team environment
• Work with minimal supervision
• Sound professional judgement required

There will be deadline pressures which may require overtime

Periodic work requirements outside normal working hours (i.e. weekend availability to close the books or sign off results at quarter end, forecast/plan deadlines).

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