Associate, Equity Derivatives Sales

Bank of Montreal•New York, NY

4d•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, with a current focus on Insurance Companies and Asset Managers, and the scope of clients will broaden to Pensions, Endowments, Foundations, and Hedge funds. The products traded are over the counter Equity Options, Swaps, and Equity Linked Notes. Initially, the team member will assist by formatting client pricing requests into BMO standard form (RFPs), generating summary deal terms upon transaction completion (Executions), and creating reports and term sheets to clients summarizing deals. They will also research client positions and strategies using publicly available information and interact with clients during pricing and execution. Once proficient, the team member will work more directly with clients on day-to-day hedging needs.

Requirements

Typically between 3 - 5 years of relevant experience.
Post-secondary degree in a 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.
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.
Working knowledge of Excel, coding, the financial markets and of derivatives.

Nice To Haves

Capable of working in a team environment.
Sense of urgency.
Attention to detail.
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 directly with clients on day-to-day hedging needs once proficient with products and pricing.