07/05/2026
Address:
100 King Street West
Customer Shared Services
As a co-op/intern student at BMO, you will have the opportunity to be heard, keep growing and make a difference.
You will be part of our campus program to gain the skills and knowledge needed to take on roles similar to the description listed below.
Our student experience is designed to integrate you to the BMO team from day one by adding value in the work you do. You will have the opportunity to participate in programs such as the Women in Technology Mentorship Program, BMO Social Squad student-led activities, BMO Academy corporate learning platform, and access to various Employee Resource Groups to further develop your network within BMO.
Interested in learning more about our campus program? Stay up-to-date with BMO Campus Recruitment by following us on Instagram @BMO_on_Campus and joining our LinkedIn group BMO Campus Recruiting & Early Talent.
Note: Only students currently enrolled in an academic program and returning to their studies will be considered for Co-op/Internship opportunities. Student who recently graduated are invited to apply to our New Grad opportunities which are available at https://jobs.bmo.com/ca/en/new-grad
To apply for this opportunity, please submit your cover letter, resume and an unofficial copy of your academic transcript. By applying for this general posting, you will be considered for a number of different student opportunities across multiple locations. If you are selected to move forward, you will be provided additional information.
Role Overview
The Derivative Operations Analyst (Intern/Co-op) supports the end-to-end lifecycle of OTC derivative transactions within Global Markets. This role provides exposure to trade processing, confirmations, settlements, and reconciliation activities, working closely with Front Office, Operations, and external counterparties. The position offers hands-on experience in a fast-paced capital markets environment, with a strong focus on data accuracy, process discipline, and risk awareness.
Key Responsibilities
Trade Support & Validation
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Assist in validating trade bookings to ensure accuracy and completeness
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Support reconciliations across systems to identify and investigate discrepancies
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Help ensure trades are correctly captured for downstream processing
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Take 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.
Confirmations & Lifecycle Support
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Assist with drafting and tracking OTC derivative confirmations
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Monitor outstanding confirmations and support follow-up with counterparties
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Maintain accurate records of trade status and documentation
Settlement & Payment Processing
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Support settlement affirmation activities with counterparties
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Assist in verifying cash flows and ensuring transactions are processed accurately
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Help investigate and resolve basic settlement breaks and exceptions
Reconciliation & Reporting
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Support daily reconciliation processes to identify unmatched trades or discrepancies
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Assist in investigating and resolving breaks with guidance from senior team members
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Help prepare operational and management reporting
Stakeholder Coordination
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Work with Front Office, Operations, and internal teams to support issue resolution
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Communicate clearly on trade status, exceptions, and outstanding items
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Build relationships across teams to support effective trade lifecycle management
Process Improvement & Learning
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Participate in process improvement and automation initiatives
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Identify opportunities to streamline tasks or improve data quality
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Learn core derivatives lifecycle processes and control frameworks
Qualifications:
Education
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As a full-time employee, we would require 3-5 years of experience, however as part of the BMO campus program, we are looking for motivated individuals with a strong desire to learn.
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Currently pursuing a degree in Finance, Economics, Business, Mathematics, or a related field
Skills & Experience
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Strong attention to detail and accuracy
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Analytical and problem solving skills – In-depth
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Strong verbal & written communication skills – In-depth
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Collaboration & team skills – In-depth
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Ability to manage multiple tasks in a fast-paced environment
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Proficiency in Excel; familiarity with financial markets is an asset
What You’ll Gain
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Exposure to the end-to-end OTC derivatives lifecycle (confirmations, settlements, reconciliations)
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Experience working with Front Office, Legal, and Finance teams
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Understanding of operational risk and control processes in a global markets environment
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Opportunity to contribute to real-time trade support and process improvement initiatives
$45,500.00 - $84,500.00
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.
