Senior Analyst, Hedge Accounting

05/02/2025

Address:

100 King Street West

Finance & Accounting

This individual contributor role offers a unique opportunity for direct exposure to Capital Market trading and a comprehensive overview of hedging risk strategies within the bank. You will be involved in hedging interest rate and foreign exchange risks, gaining in-depth knowledge of these strategies. The work requires a keen eye for detail. Engaging with traders and developing an understanding of financial products provides valuable exposure. This position serves as an excellent starting point for individuals interested in finance or accounting, offering a blend of valuable skill sets.

As part of the Accounting Policy team within the Enterprise Controllership group of BMO, our hedge accounting team is seeking a Senior Analyst. This role focuses on supporting hedging operations, ensuring compliance with internal controls, and maintaining the accuracy of financial statements.

• Prepare, review and maintain hedge accounting template and documentation, ensuring compliance with internal policies and accounting standards
• Collaborate with Corporate Treasury and Capital Market trading desks to validate and align hedging strategies.  
• Complete and monitor hedge accounting checklists, ensuring timely approval of hedges, validation of terms, and appropriate accounting classification.
• Conduct monthly hedge effectiveness testing to ensure hedge accounting qualification.
• Reconcile hedging transactions for accuracy and completeness.
• Support quarterly and year end financial disclosure processes, including preparation of hedge reporting packages.
• Participate in transformation and automation projects, identify areas for process improvements, streamline hedge documentation workflows
• Integrate information from multiple sources to support reporting, analysis, and process efficiencies.
• Builds effective relationships with internal/external stakeholders, including auditors, risk management, and finance teams
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.

  Qualifications:

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Good knowledge of hedging strategies and financial instruments.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

$60,000.00 - $111,700.00

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

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://jobs.bmo.com/ca/en.

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.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.