Regulatory Reporting

Finance & Accounting Team Member

Member of the broker / dealer regulatory reporting team who will be responsible for the 15c-3 customer reserve calculation for BMO Chicago Branch, and as needed assist in CMC regulatory reporting and other financial / statutory reporting matters. Works closely with business leaders, Finance Partners, and operations to ensure compliance with 15c3-3 governing BMO Chicago Branch treasury activity.

Responsibilities :

• Preparation of weekly (or potentially daily) 15c3-3 customer reserve calculation for BMO Chicago Branch.
• Acts as a subject matter expert on relevant reserve regulations and policies.
• Partner with client onboarding to communicate any customer / non customer designation issues.
• May network with industry contacts to gain competitive insights and best practices.
• May own internal / external stakeholder relationships, include internal / external auditors and regulators.
• Assists in preparing any required monthly / quarterly / annual filings related to the reserve calculation, as needed.
• Drives enhancements to the 15c3-3 in house database to minimize manual inputs into the calculation.
• Maintains customer reserve bank account and securities account.
• Determines the 15c3-3 impact of initiatives / strategic business decisions, and incorporate the impacts into forecasting tools.
• Breaks down strategic problems, and analyses data and information to provide financial insights and recommendations.
• Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information.
• Integrates information from multiple sources (e.g. financial and operational systems) to enable more efficient processes, enhanced analysis and / or streamlined reporting
• Acts as a trusted regulatory advisor to minimize reserve cash requirements.
• Recommends and implements solutions based on analysis of issues and implications for the business
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Bachelor's Degree in Finance or Accounting
• Broader work or accountabilities may be assigned as needed.
• Series 27 or 99 desirable

Salary : $81,400.00 - $151,800.00

Pay Type : Salaried