Vice President, Front Office Equity Derivatives Desk Quant

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

Job Description

The Front Office Desk Quant / Strat role involves utilizing quantitative skills to develop and implement trading strategies, risk management and collaboration with trading teams to optimize decision making processes.

Responsibilities include:

Quantitative Trading Support

• Respond to traders’ requests to troubleshoot intraday risk issues, P&L attribution, and any quant / tech related issues.
• Prototype new tools to be used for intraday valuations, risks and P&L/explain. Provide the prototypes for tech/quant teams to build into systems.
• Build optimization tools for exotic options portfolio hedging.
• Create and maintain custom scenarios, reporting tools, as required to satisfy trading strategy analysis.
• Optimization of existing workflows and transformation of ad-hoc excel based tools to scalable and distributed solutions.

Model Analysis

• Produce and review back-test data for new models / pricing parameters to identify issues against benchmark production data.
• Reviewing model output and identifying inconsistencies in data.

Required Skills:

Software Development Skills:

• Object Orientated Programming (C# / C++)
• Scripting languages (Python / VBA)
• Relational Databases (SQL /Postgres)
• Maintaining Git repositories
• CICD toolchains
• Optional: Familiarity with Jira
• Optional: Tableau or PowerBI experience
• Optional: Functional programming experience (F#)

Quantitative Skills:

• Familiarity with Vanilla & Exotic Equity derivative pricing models.
• Ability to build prototype pricing and diagnostic tools for intraday risk, valuations, P&L and regulatory reporting requirements.

Salary:

Please note the base salary for this role is $260,000 USD

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 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:

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

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.

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.