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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

The equity derivatives trading desk at a major bank is looking to hire a Senior Associate/Vice President level candidate to support a rapidly growing business. Candidates should be ready for immediate responsibility and accountability for results. Specific responsibilities of this position will include:

+ Pricing and executing equity derivatives transactions using advanced mathematical models and numerical techniques.

+ Managing risks of an equity derivatives portfolio by monitoring current and historical market conditions and the portfolio’s structure.

+ Reconciling P&L figures of portfolios by tracking, analyzing, and interpreting market factors.

+ Using scenario analysis to generate end of day risk reports and plan for the next day’s trading activities.

+ Evaluating and understanding the qualities of different equity derivatives to optimize portfolio’s positions under different market scenarios.

+ Programming in Python or other languages to develop trading tools and automate the generation of risk reports.

+ Managing all risks to comply with approved limits.

+ Interfacing with internal support groups to support all necessary business functions.

Skills required

+ Applied programming experience in Python

+ Solid theoretical understanding and practical experience trading equity derivatives.

+ Experience trading exotic options or dispersion.

Qualifications

+ 3 years of experience trading exotic derivatives on indexes or stocks

+ Master’s degree or foreign equivalent in Financial Engineering, Mathematics, Engineering, or Computer Science

+ Series 7 and Series 57 licenses

Base Salary:

Associate - USD $140,000 - 180,000

VP - USD $250,000

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: 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/us/en

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.