BMO Financial Group Portfolio Manager – Tactical & Accrual Trading in New York, New York
Reporting directly to the Head of Tactical & Accrual Trading, the PM is expected to be market focused; develop and execute trading strategies in various fixed income sectors; take calculated proprietary risk and make effective trading decisions within the context of the strategic investment plan as set forth by the business heads and leads of Global Markets.
The PM should be an expert in one of the following sectors, have an established trading/investment strategy within the space while bringing a proven track record from similar proprietary risk taking experiences. Sectors may include, but are not limited to:
Rates / Volatility Trading
Agency securitized products
Non-agency securitized products
The PM is accountable for developing and implementing portfolio strategies which achieve target risk and return profiles for the Global Markets Investment and Liquidity Portfolio’s. These strategies can cross multiple fixed income asset classes, and span the capital stack in terms of liquidity and credit risk. The role requires a deep understanding of fixed income investing and demands a focus for optimizing a portfolio based on ongoing market conditions.
The role is expected to work closely with all Global Markets teams, and with the other Investment PM’s in ensuring both macro and idiosyncratic risk is aligned globally, however the individual PM is responsible for their own risk sleeve and mandate. This person is expected to maximize profit while prudently minimizing the bank’s exposure for liquidity needs and adhering to regulatory statutes. The role is expected to work closely with Internal and External clients and partners.
Knowledge & Skills:
Minimum of 5 years of experience in trading and managing risk within Fixed Income markets, preferably in a proprietary or direct investment decision capacity role.
Experience with multiple asset classes and/or experience in trading one or more than one of: agency/non-agency backed securities, investment grade corporates, government securities.
Ability to cultivate relative value and trading ideas across Fixed Income asset classes which are executed using prudent risk management.
Bachelor’s degree or equivalent experience in financial services, accounting or legal fields. MBA optional.
Must successfully complete the external regulatory exams, licenses required to be considered a registered member and senior officer of the firm.
Having some knowledge of North American and International investment banking business and regulations is preferred but not required.
Knowledge of credit issues and industry trends in various client sectors throughout the US, Canadian and International market.
Support the execution of operational/tactical strategies for the trading business which will ensure achievement of short and long term objectives in the Canadian and U.S. marketplaces.
In depth knowledge of credit derivatives and interest rate derivatives.
Hedge accounting and accrual accounting familiarity would be a plus but not required
Results oriented and able to adapt to situations quickly.
Strong ability to think conceptually and to achieve both short and long term business results.
Highly developed written and oral communication.
Personable and able to function in a team environment.
We’re here to help
At BMO Harris Bank 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 Harris Bank 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.bmoharris.com
BMO Harris Bank 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. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
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