Associate, Mortgage Quant
About The Position
BMO Capital Markets is hiring an Associate, Mortgage Quant to join a front-office quantitative team at the intersection of trading, technology, and risk management. The role develops models, analytics, and tools that support pricing, hedging, and risk management for BMO’s mortgage and asset-backed trading businesses. This collaborative position involves direct interaction with traders, senior management, and risk partners. The Associate will build production models and quantitative infrastructure used by traders and risk managers, and their research and engineering work can inform business decisions and market outcomes.
Requirements
- Advanced degree in Mathematics, Physics, Statistics, Engineering, Computer Science, Financial Engineering, or a related quantitative discipline.
- Strong programming skills in C#, C++, and/or Python.
- Excellent analytical and problem-solving abilities.
- Strong communication skills and the ability to explain complex ideas to technical and non-technical audiences.
Nice To Haves
- Experience with mortgage, fixed income, or asset-backed products.
Responsibilities
- Research, develop, and implement quantitative models and computational methods for pricing and risk management.
- Build and enhance the quantitative infrastructure used by traders and risk managers across the mortgage platform.
- Improve model performance through optimization, profiling, and innovative analytical approaches.
- Partner with traders to deliver pricing tools, risk analytics, and actionable insights.
- Analyze market and trade data to support research, strategy, and business decision-making.
- Collaborate with Risk, Valuation Control, and other stakeholders to ensure robust model governance and usage.
- Contribute to discussions on pricing, hedging, risk measurement, and new product development.
Benefits
- Health insurance
- Tuition reimbursement
- Accident and life insurance
- Retirement savings plans
- Performance-based incentives and discretionary bonuses may be included in total compensation.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
