BMO
Senior Associate, Physical Metals Settlements

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Application Deadline:
08/19/2026
Address:
100 Liverpool Street
Job Family Group:
Customer Shared Services
Role Overview
This role is responsible for executing and overseeing end-to-end physical metals operational activities, with a primary focus on Physical Movements, settlement, clearing, reconciliation, and invoice management. The position sits within Derivative, Commodity and Metals Operations and acts as a critical control point between Front Office, internal support teams, and external custodians/vault providers to ensure the accurate and timely movement of metal and cash.
Key Responsibilities
- Manage daily settlement processes, including validation of trade economics, coordination of metal transfers with global depositories, and confirmation of associated cash flows.
- Perform reconciliations between internal systems (e.g., trading and inventory platforms) and third-party storage providers, investigating breaks, and driving resolution with custodians or internal stakeholders where required.
- Own clearing and post-trade operational workflows, including coordination of physical metal movements, validation of inventory positions, and ensuring alignment between financial and physical records.
- Manage invoice lifecycle processes, including tracking, validation, and escalation of outstanding or missing invoices to mitigate operational and financial risk.
- Operate in a highly manual and time-sensitive environment, requiring strong attention to detail, the ability to manage multiple priorities, and a focus on process improvement and automation opportunities across reconciliation, settlement, and billing workflows.
Additional Responsibilities
- Supports an assigned senior leader in executing strategic priorities for the business/group.
- Gathers and integrates information to promote the effective and profitable operation of the business/group and enhances the Bank’s profile in the marketplace.
- Works with stakeholders to interpret financial and business results, understands the operating environment & emerging trends, and provides planning, support, and recommendations to improve operational effectiveness and tracks achievement of objectives.
- Supports the effective management of risk, including operational and compliance risk and management of the attestation/reporting process specific to the business.
- Provides strategic counsel on community/industry events and directs and coordinates the logistics of these events.
- Supports the development of effective, consistent communications for the business/group senior leader and for the leadership team.
Acts as a trusted advisor to assigned business/group
- Assists in the development of business strategies and plans to ensure readiness to meet changing business needs & strategies to support future growth.
Assists in the development of strategic plans
- Supports the determination of priorities, current initiatives, and planned initiatives in partnership with the business/group and supports requirements related to strategic management for the business/group.
- Works with stakeholders to establish the key business initiatives/priorities to support the strategic direction.
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.
Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.
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Graduate Consultant — 2026 Scheme
Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
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Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
Influences and negotiates to achieve business objectives
- Recommends and implements solutions based on analysis of issues and implications for the business.
Leads the development of the communication strategy
- Focuses on positively influencing or changing behavior.
- Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.
- Provides input into the planning & implementation of operational programs.
- Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
- Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
- Conducts independent review, analysis, and resolution of strategic issues.
- Monitors and tracks performance, and addresses any issues.
- Designs and produces regular and ad-hoc reports, and dashboards.
- Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.
- Leads or participates in defining the communication plan designed to positively influence or change behavior; develops tailored messaging; and identifies appropriate distribution channels.
- Builds effective relationships with internal/external stakeholders.
- Ensures alignment between stakeholders.
- Acts as the primary point of contact for service / customer complaint escalations managing the process and communication and following up to ensure customer satisfaction and optimizing overall customer experience.
- Ensures the effective planning and control of unit operating expenses in accordance with business forecasts to ensure spending is maintained within budget.
- Coordinates budgets and reporting to track actual results vs. budget.
- Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information.
- Integrates information from multiple sources to enable more efficient processes, enhanced analysis, and/or streamlined reporting.
- Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
- Provides specialized consulting, analytical, and technical support.
- Exercises judgment to identify, diagnose, and solve problems within given rules.
- Works independently and regularly handles non-routine situations.
- Broader work or accountabilities may be assigned as needed.
- Takes measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk-informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws, and regulations.
Qualifications
- Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
- Deep knowledge and technical proficiency gained through extensive education and business experience.
- 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.


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Salary
- Pay Type: 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 the 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.
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