Full-Time

Associate – Collateral Management

Posted on 9/10/2026

Deadline 10/3/26
Bank of Montreal

Bank of Montreal

10,001+ employees

Personal, business banking and capital markets

Compensation Overview

CA$55.5k - CA$120k/yr

+ Performance-based incentives + Discretionary bonuses + Commission structure

Remote in Canada

Remote

Bachelor's

Category
Finance & Banking
Required Skills
Word/Pages/Docs
Risk Management
Data Analysis
Excel/Numbers/Sheets

Get referred to Bank of Montreal

See people who can refer or advise you

Requirements
  • Typically between 4–6 years of relevant experience and a post-secondary degree in a related field, or an equivalent combination of education and experience.
  • In-depth knowledge and experience using relevant systems and technology.
  • In-depth knowledge and understanding of the business unit’s key products and services, processes, and controls.
  • In-depth knowledge of the business’s risk and regulatory requirements.
  • Good prioritization skills.
  • In-depth customer service skills.
  • Advanced proficiency with Microsoft Word, Excel, and PowerPoint.
  • Prompt-writing skills and technical proficiency.
  • Ability to multitask in a fast-paced environment while supporting process-improvement and automation efforts.
  • In-depth verbal and written communication skills, including the ability to explain automation and artificial-intelligence concepts to non-technical stakeholders.
  • Ability to identify business use cases for automation.
  • In-depth collaboration and team skills.
  • In-depth analytical and problem-solving skills.
  • In-depth influence skills.
  • Data-driven decision-making skills.
  • Understanding of risk and regulatory requirements and artificial-intelligence governance, with the ability to apply artificial intelligence to maintain up-to-date knowledge.
Responsibilities
  • Deliver operational processes and activities relating to the management and types of collateral handled, in accordance with established policies, procedures, and regulations, including safekeeping, tracking and reporting, perfections, continuations, and releases.
  • Provide advice and guidance to the assigned business or group on implementing solutions.
  • Develop solutions and make recommendations based on business strategy and stakeholder needs.
  • Help determine business priorities and the best sequence for executing business or group strategy.
  • Support strategic initiatives in collaboration with internal and external stakeholders.
  • Communicate with internal business partners and external customers to respond to standard and non-standard inquiries.
  • Build effective relationships with internal and external stakeholders and ensure alignment between them.
  • Integrate information from multiple sources to improve processes, enhance analysis, and streamline reporting.
  • Identify, analyze, and resolve issues and problems in a timely manner, or escalate them as required.
  • Build change-management plans and lead or participate in readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment activities.
  • Execute work to deliver timely, accurate, and efficient service.
  • Provide input into the planning and implementation of operational programs.
  • Assist with scheduling work and resource forecasting when required.
  • Coordinate team workflow and activities, including assigning work, reviewing output, providing input to performance reviews, quality control, training, team coaching and guidance, operations research, and problem resolution when required.
  • Process routine and non-routine transactions, respond to internal business partner and external customer inquiries and requests, and perform audit or reconciliation activities.
  • Analyze and resolve complex issues in accordance with bank and industry standards, act as primary backup to team members, and provide backup to the manager.
  • Evaluate circumstances requiring exceptions and engage senior management for resolution when required.
  • Serve as a problem-solving resource for more junior staff.
  • Identify business needs and design or develop tools and training programs, including delivering training when required.
  • Act as the day-to-day contact for vendors and support the implementation, maintenance, and sustainment of vendor solutions when required.
  • Provide input and analysis for continuous improvement of business processes and procedures within the work team, and participate in planning, testing, and implementing projects and new or revised products, services, or processes.
  • Process transactions, activities, and services accurately and on time while ensuring regulatory and risk controls are properly managed.
  • Follow documented policies and procedures for daily transactions and activities and ensure service-level agreements are met.
  • Communicate and collaborate with internal and external stakeholders to deliver business objectives.
  • Provide accurate, consistent, and knowledgeable responses to stakeholder questions and requests.
  • Check and reconcile information and documentation for accuracy and completeness.
  • Maintain an understanding of regulatory requirements and operational risks and take appropriate action to maintain operational integrity.
  • Exercise judgment to identify, diagnose, and solve problems within established rules.
  • Work independently on a range of complex tasks, including unique situations.
  • Apply BMO’s Risk Management Framework and approved Risk Appetite when making risk-informed decisions that protect assets and comply with policies, standards, procedures, laws, and regulations.
Desired Qualifications
  • Experience using data, automation, or artificial-intelligence tools to enhance productivity.
  • Ability to explain automation and artificial-intelligence concepts to non-technical stakeholders.

Bank of Montreal (BMO) is a diversified financial services provider offering personal, business, and commercial banking, along with capital markets and wealth management, across Canada and the United States. Individuals use personal banking for everyday needs and loans, households can obtain mortgages and credit products, and businesses access commercial loans, treasury/cash management, and industry-specific advice. In capital markets, BMO assists clients with raising capital, trading, and research, while wealth management delivers investment strategies and asset management for portfolios. The company aims to help clients manage and grow their money through a full range of financial services for individuals, small businesses, large corporations, and public sector entities in North America.

Company Size

10,001+

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

1988

Get referred to Bank of Montreal

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Q3 2026 adjusted net income rose 19% to $2.859 billion despite one-time charges.
  • Credit losses fell to $722 million, with impaired provisions at a 10-quarter low.
  • BMO's Moneris sale should add about 15 basis points to CET1 and fund redeployment.

What critics are saying

  • FCAC fined BMO $4 million in February 2026 for charging 101,091 customers incorrectly.
  • The Moneris sale and branch exits signal shrinking fee and deposit bases through early 2027.
  • BMO faces fraud and negligence litigation in B.C. tied to alleged $867,000 transfers.

What makes Bank of Montreal unique

  • BMO spans Canada and U.S., then narrows capital toward higher-return markets in 2026.
  • Its capital markets, wealth, and commercial franchises produced record pre-provision earnings in Q3 2026.
  • BMO keeps a strong 13.0% CET1 ratio while actively reshaping its portfolio.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Tuition Reimbursement

Accident and Life Insurance

401(k) Retirement Plan

Professional Development Budget

Hybrid Work Options

Company News

Newswire
Sep 8th, 2026
Bank of Montreal issues $1B AT1 capital notes at 7.375% interest rate

Bank of Montreal has priced a USD 1 billion offering of Additional Tier 1 Limited Recourse Capital Notes, Series 7. The notes will carry a 7.375% annual interest rate, paid quarterly, until November 2036, after which the rate will reset every five years based on the 5-year US Treasury Rate plus 2.579%. The LRCNs will mature on 26 November 2086, with an expected closing date of 16 September 2026. BMO may redeem the notes, subject to regulatory approval, starting from November 2036 on any quarterly interest payment date with 10 to 60 days' notice. The proceeds will support general banking purposes and are expected to qualify as Additional Tier 1 capital for regulatory purposes. BMO Capital Markets, Barclays, Citigroup, Goldman Sachs, Morgan Stanley, and UBS are joint book-running managers for the offering.

Yahoo Finance
Sep 7th, 2026
BMO sells 138 US branches to First-Citizens Bank for $5.7B in deposits

BMO Financial Group has completed the sale of 138 branch locations to First-Citizens Bank & Trust Company. The branches are located across North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma, Idaho, and selected locations in Minnesota, Oregon and Illinois. Under the agreement, First-Citizens Bank acquired approximately $5.7bn in deposit liabilities and $1.1bn in loans. The deal, first announced in October last year, forms part of BMO's strategy to reallocate capital towards markets with stronger client engagement and growth prospects. BMO plans to expand its presence in Western US markets, adding over 130 new sites in California and about 15 in Arizona. This would increase its California footprint by more than 50%.

The Financial Technology Report
Aug 31st, 2026
BMO recruits Wells Fargo executive Brent Reston as U.S. Chief Digital Officer.

BMO recruits Wells Fargo executive Brent Reston as U.S. Chief Digital Officer. Published. August 31, 2026 Canadian banking giant BMO has recruited former Wells Fargo managing director Brent Reston as Chief Digital Officer for its U.S. division, putting him in charge of sweeping tech integration across newly consolidated regional operations. Reston steps into the role following the departure of former head of U.S. banking digital and technology Brianna Elsass, who recently concluded a decade-long tenure at BMO to join Wisconsin-based Associated Bank. Bringing deep industry experience, Reston previously led mobile app overhauls, deployed the Fargo AI virtual assistant, and launched digital lending products during his four years at Wells Fargo. His career background also features eight years driving client experience initiatives at Bank of America alongside five years handling corporate strategy at Merrill Lynch. As first reported by FinTech Futures, BMO U.S. President Aron Levine confirmed on LinkedIn that the executive will "play a key role in helping us accelerate our digital strategy and continue building exceptional experiences for our clients." The leadership hire coincides with a major physical restructuring, marked by BMO's pending transaction to offload 138 retail locations across the Midwest and Great Plains regions to First Citizens Bank by mid-2026. Capital generated from these regional branch sales will fund the rollout of 130 new physical branches in California and 15 locations in Arizona over the next five years, focusing expansion efforts on high-growth retail markets that currently generate over 40% of BMO's total corporate earnings.

Yahoo Finance
Aug 25th, 2026
BMO reports Q3 2026 adjusted net income of $2.9B, up 19% despite goodwill charge

BMO Financial Group reported third-quarter 2026 net income of $1,750 million, down 25% from $2,330 million year-over-year. Earnings per share fell to $2.38 from $3.14. The decrease was driven by a goodwill reduction charge related to the sale of BMO's Transportation and Vendor Finance businesses. Adjusted net income rose 19% to $2,859 million, with adjusted EPS increasing 22% to $3.96. Adjusted return on equity reached 14.0%, compared with 12.0% in the prior year. Provision for credit losses decreased to $722 million from $797 million. All business segments delivered record pre-provision pre-tax earnings, with growth in Capital Markets, Wealth Management, and commercial lending in Canada and the US. Year-to-date reported net income increased 7% to $6,869 million.

Grafa
Aug 25th, 2026
BMO adjusted profit climbs to $2.9 billion, up 19%.

BMO adjusted profit climbs to $2.9 billion, up 19%. * BMO Financial Group (NYSE:BMO) reported Q3 2026 adjusted net income of $2.859 billion, up 19% year over year. * Reported net income declined 25% to $1.75 billion due to a $962 million after-tax goodwill-related charge. * BMO declared a Q4 2026 dividend of $1.71 per share and plans a new share repurchase program. BMO Financial Group (NYSE:BMO) reported third-quarter 2026 net income of $1.75 billion, down 25% year over year, while adjusted net income increased 19% to $2.859 billion after excluding a goodwill-related charge. The company's reported earnings were affected by a $962 million after-tax charge related to the announced sale of its Transportation and Vendor Finance businesses, while adjusted EPS increased 22% to $3.96 from the prior-year period. BMO reported earnings per share of $2.38, reported return on equity of 8.4%, and adjusted return on equity of 14%, while provisions for credit losses declined to $722 million from $797 million. The bank's Common Equity Tier 1 capital ratio was 13%, and BMO declared a fourth-quarter 2026 dividend of $1.71 per common share while repurchasing 3.8 million shares during the quarter. BMO stated that it intends to establish a new normal course issuer bid (NCIB) for up to 25 million shares, subject to regulatory and exchange approvals. BMO Financial Group provides banking, wealth management, and capital markets services across North America, with its latest results reflecting earnings growth across operating segments. Frequently asked questions. BMO signals