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BMO Financial Group Vice President, Quantitative Modeling in Toronto, Ontario


100 King Street West

Job Family Group:

Capital Mrkts Sales & Service

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 position is responsible for the entire spectrum of quantitative, analytical, technical, and development activities for Securitized Product Trading business in Global Markets. The mandate is to provide traders, marketers, BMO CM senior management and our external control groups (Risk Reporting, Risk Oversight, Valuation Product Control, etc.) with the models, tools, analytics, reports, market data and information to effectively price, execute and hedge new transactions and to understand, monitor and manage existing risk. Tasks include:

  • Developing new mathematical and computational methods for pricing deals and managing risk and integrating models for mortgage/asset backed securities.

  • Maintaining existing suite of models in FO analytics library.

  • Helping traders to use models in daily pricing and risk management

  • Interacting with the groups outside of FO (MRV, MR Oversight, VPC) and facilitating their understanding and usage of FO analytics models.

  • Aggregating, organizing and analyzing market and trade data to facilitate a wide range of reporting, from high-level business overviews down to trade-level details.

  • Engaging in discussions with traders, senior management, and risk managers regarding deal modeling and pricing, hedging, risk measurement and risk management.

The role will require the following skills and aptitudes:

  • A university degree is required. Preferably, an advanced degree in a technical field (mathematics, physics, statistics, engineering, computer science, etc.);

  • Minimum of 4 years of industry experience is required. If the candidate has a PhD in a technical field, 2 years of experience is required.

  • Broad knowledge at an advanced level of quantitative models

  • Prior experience with Agency RMBS/CMBS models is a strong plus

  • Prior experience with Intex, Yield Book and/or BAM mortgage model is a strong plus

  • Prior experience with SecDb, Athena or Quartz is a plus

  • Software development experience in Python, C#, C++ and/or .NET

  • Knowledge of Excel, including scripting and efficient spreadsheet design;

  • Strong technical writing ability;

  • Strong communication skills, with the ability to deal effectively with a wide range of colleagues. This includes other technical professionals, traders, marketers, senior management, back office, and risk management.

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.

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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.

BMO Financial Group Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.