Manager Whole Loan Trading Operations BMO
Overview
Lead end-to-end whole loan trading operations and build high-performing team. Establish control environment and partner with Front Office Finance Risk Technology to support complex asset class. Define operating model and implement scalable processes.
What You'll Do18
- 1Recruit develop and lead operations team supporting whole loan trading
- 2Define team structure roles and coverage model aligned to business needs
- 3Establish performance expectations training and development plans
- 4Foster strong control culture and continuous improvement mindset
- 5Design and implement end-to-end operating framework for whole loan trading
- 6Develop standard operating procedures and automation initiatives with Technology
- 7Oversee trade capture validation and settlement processes
- 8Coordinate with counterparties and internal stakeholders for settlements
- 9Monitor funding flows and cash movement tracking
- 10Ensure accurate loan boarding into internal and third-party systems
- 11Implement controls for data integrity across loan attributes
- 12Reconcile principal interest and fee cash flows with servicers
- 13Manage servicer relationships and performance monitoring
- 14Oversee loan lifecycle events including payoffs and defaults
- 15Support accounting financial controls and P&L reporting
- 16Drive automation initiatives to improve scalability
- 17Serve as primary operations liaison to Trading Finance Risk Legal and Technology
- 18Coordinate with external servicers and custodians for seamless support
Requirements15
- 1Bachelor’s degree in Finance Accounting Business or related field
- 27+ years experience in operations middle office asset servicing loan operations or securitized products
- 3Proven experience managing teams and leading operational functions
- 4Strong understanding of trade lifecycle settlement and servicing
- 5Ability to design and implement operational processes controls and governance frameworks
- 6Experience supporting whole loans mortgage loans or structured products
- 7Familiarity with loan servicing models and third-party servicer oversight
- 8Knowledge of regulatory reporting audits and operational risk management
- 9Experience partnering with Technology on system enhancements and automation
- 10Experience with SBO and SITUS AMC
- 11Leadership and team development skills
- 12Strong control and risk management mindset
- 13Process design and continuous improvement experience
- 14Strategic thinking and operating model development capability
- 15Effective stakeholder communication and collaboration abilities
Salary Insight
$112 - $209k per year
Location
Required Skills
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