Senior Manager, Asset-Backed Security Securitization

Under the direction of the MD, Global Corporate Funding, the Senior Manager, ABS Securitization is responsible for proactively identifying, recommending, structuring and executing the Bank's asset securitization corporate funding activities with the objective of minimizing the Bank's funding costs and diversifying the Bank's investor base.

BMO has one of the most diverse ABS programs covering auto, HELOC, credit card and mortgage asset class. The programs together account for $11 billion in outstandings with annual issuance in excess of $5 billion. The incumbent will lead the ongoing development and renewal of various ABS programs, working with key stakeholders on program documentation as a result of regulatory or strategic changes.

The role also develops and recommends the Bank's ABS investor marketing program in support of diversifying the Bank's investor base; monitors the external market and global regulatory developments to ensure the Bank adopts best practices in this area; and, when required represent the Bank in the external market through engagement with the investment community. The role also maintains the primary relationship with investment dealers ensuring the Bank is getting robust coverage on the ABS markets and assessing investment dealer performance to support deal syndicate recommendations.

KEY DIMENSIONS

• Business Delivery & Operational Effectiveness (Strategy)
• Change & Innovation (Advisory)
• Risk Management and Control (Governance and Analysis/Results)
• Client & Relationship Management (Support)

ACCOUNTABILITIES

Business Delivery & Operational Effectiveness (Strategy)

• Proactively identifies, recommends, and executes securitization transactions.
• Proactively identifies new securitization opportunities and leads cross-functional teams to build securitization structuring and reporting capabilities in these new areas to minimize the Bank's cost of funds
• Partner with Capital Management Group to structure and execute capital productivity transactions (i.e. risk transfer transactions).
• Provide recommendations to the MD that contributes toward the securitization funding strategy.
• Responsible for monitoring the market environment and related metrics and ensure the Bank has access to diversified and cost-effective funding sources in Canada and internationally that directly contribute to the Bank's bottom line.
• Implements and oversees the end-to-end securitization structuring and transaction approval process across multiple banking groups to ensure it operates effectively and in a low risk manner.
• Oversees the monitoring of program triggers and recommends actions in the event the triggers are being approached.
• Partners with Senior Bank Executives, internal colleagues and external stakeholders to deliver results

Change & Innovation (Advisory)

• Utilizes specialized market knowledge and business judgment to identify cost-effective funding for the Bank and recommends transaction execution.
• Demonstrates strong project management, time management and relationship management skills to successfully manage the securitization and cross-functional teams and the structuring / execution of securitization transactions.
• Analyzes new securitization opportunities to determine if a transaction would be value added to the organization

Risk Management and Control (Governance and Analysis/Results)

• Ensures transactions are executed flawlessly with sound judgment at all times to ensure the Bank's reputation is maintained in the marketplace.
• Under the direction of the MD, plays a leading role in the creation, renewal and maintenance of the Bank's securitization programs to ensure they are current and active. Responsible for change management process as it relates to existing securitization structuring requirements
• Participates in the development and implementation of applicable policies, standards, and operating procedures to ensure processes operate in a low risk, sustainable manner. Monitor compliance across the enterprise and provide recommendations for corrective action, if necessary.
• Oversee the planning, forecasting and analysis of securitization balance sheet and P&L in conjunction with Securitization Finance Operations and Corporate Controllers
• Review transaction pricing and monthly model output prepared by Manager, Securitization to ensure results are accurate
• Oversee the development, usage and vetting process for all securitization models with the Model Risk Vetting and Valuation Product Controls Groups

Client & Relationship Management (Support)

• Work closely with MD to develop and manage internal relationships with key partners and Business groups to ensure clear lines of communication and appropriate support is available for time-sensitive transaction execution. Influence stakeholders in the development of initiatives.
• Support the MD and participate in representing the Bank in industry forums and with regulators in the development of securitization practices to ensure the Bank's objectives are achieved
• Provide leadership by recruiting, developing and maintaining high quality of funding team and ensure that necessary processes are in place.
• Responsible for funding team training and development.
• Responsible for providing ongoing feedback on performance, ensuring timely completion of annual review process and holding ongoing career discussions.
• Provide leadership to team members to ensure securitization objectives are completed
• Ensure that skill levels remain commensurate with the requirements of the position. Responsible for identifying skills gaps and taking appropriate actions to close those gaps

Qualifications
Knowledge:
General knowledge of economic, social and political forces and marketplace trends
One or more of the following: MBA Finance, CA, CFA, CMA
7-10 years experience in Investment Banking, Capital Markets, Treasury, or Finance
Expert knowledge of financial analysis and financial modeling
Strong understanding of accounting concepts, including fair value accounting
Expert knowledge of securitization or capital markets with transaction experience
Strong knowledge of various research tools, including Bloomberg
Strong knowledge of the Bank's structure and accounting systems
Deep understanding of the function as outlined, and of related industry best practices
Able to apply designation/education and financial experience in a financial services organization

Skills:
Excellent communication skills, both verbal and written
Ability to manage multiple tasks and meet timelines without compromising the integrity of the information
Conceptual and strategic thinker
Ability to influence senior executives and other internal and external stakeholders
Comfort and experience dealing with senior executives
Strong interpersonal and leadership skills
Excellent organizational and analytical skills
Strong project management skills and able to manage and lead cross functional teams
Ability to work independently
Excellent judgment
Attentive to detail
Ability to synthesize technical information
Strong customer service focus
Excellent computer skills (excel, Word, PowerPoint, and Bank financial systems)

We're here to help

At BMO we have a shared purpose; we put the customer at the centre of everything we do - helping people is in our DNA. For 200 years we have thought about the future-the 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 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://bmocareers.com .

BMO 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. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.