Associate, Equity Derivatives Sales

BMO•New York, NY

1d•$150,000 - $200,000•Onsite

About The Position

The Institutional Equity Derivatives Sales Team is looking for a financial professional capable of working in a team environment to learn and build a business in Equity Derivatives. The clients are institutional investors. Currently BMO has a focus on Insurance Companies (Super Vertical) and Asset Managers. And the scope of clients can/will broaden to Pensions, Endowments, Foundations and Hedge funds. The products we trade are over the counter Equity Options, Swaps and Equity Linked Notes. At first, the team member will assist by performing several key functions such as: formatting client pricing requests into BMO standard form (RFPs). Generating summary deal terms upon the completion of a transaction (Executions). Generating reports and term sheets to clients summarizing deals (Term Sheets). They will also be involved in researching client positions and strategies using publicly available information. Also, they will have the chance to interact with clients during the pricing and execution of transactions. Once the team member has become proficient with the products and the pricing process they will work more directly with clients on day to day hedging needs.

Requirements

Typically between 3 - 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Degree in Accounting/Economics/Mathematics/Statistics
Working knowledge of financial markets with previous exposure to the financial markets and/or analysis gained through a combination of work and educational qualifications is required.
Basic understanding of trading or sales procedures and broader regulatory and financial concepts.
Series 7 and 63 licenses required or attained within 3 months.
Demonstrates solid deal/transaction execution and/or project management skills.
Technical proficiency gained through education and/or business experience.
Verbal & written communication skills
Collaboration & team skills
Analytical and problem-solving skills
Influence skills
Data driven decision making
A working knowledge of Excel, coding, the financial markets and of derivatives is also used for this role.
Candidates should be capable of working in a team environment, have a sense of urgency, attention to detail and a high sense of personal responsibility.

Responsibilities

Formatting client pricing requests into BMO standard form (RFPs).
Generating summary deal terms upon the completion of a transaction (Executions).
Generating reports and term sheets to clients summarizing deals (Term Sheets).
Researching client positions and strategies using publicly available information.
Interacting with clients during the pricing and execution of transactions.
Working more directly with clients on day to day hedging needs once proficient with products and pricing.