Front Office Desk Quant / Strat
Posted A month ago
Job Description
Application Deadline:
09/26/2024
Address:
100 King Street West
Job Family Group:
Data Analytics & Reporting
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 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
Model risk management
Software Development skills
$81,600.00 - $151,200.00
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
We're here to help
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.
09/26/2024
Address:
100 King Street West
Job Family Group:
Data Analytics & Reporting
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 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
Model risk management
- Act as first line of defense for exotic models. Identify possible sources of bleed via back-testing thru time and across market scenarios.
- Facilitate User Acceptance Testing by working directly with traders who will use new models or features. Coordinate with other stakeholder groups in 1st and 2nd line of defense
- Build tools for ongoing performance monitoring of production models versus other benchmark / candidate models.
- Participate in periodic reviews of model performance, and provide insight into what has been observed, what can be improved, etc.
- Create custom scenarios, reporting tools, as required to satisfy trading strategy analysis.
- 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.
Software Development skills
- Expert level C# programming
- Functional Programming experience (e.g. F# or others)
- Relational Databases (SQL / Postgres)
- Git / SVN
- Modern software design patterns
- Optional: Message Queues
- Optional: Tableu or PowerBI
- Optional: Python or other scripting languages
- Experience building or at least debugging exotic equity derivative pricing models
- Understanding of options trading strategies
- Understanding of Stochastic Volatility
$81,600.00 - $151,200.00
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
We're here to help
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.
![](https://img.youtube.com/vi/Y0D8mI1ZOHA/mqdefault.jpg)
About BMO
Industry
Banking & FinanceCompany Size
10,000+ employees
Application closing date is 2024-09-23
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