CM VP IC Global Markets

BMO•New York, NY

1d•$250,000•Onsite

About The Position

BMO Capital Markets Corp seeks CM VP-IC Global Markets in New York, NY to source Mortgage-backed securities (MBS) collateral for new issue Collateralized Mortgage Obligation (CMO) deals. Structure CMO deals and trade some of the resulting pieces across a varied client base while managing risk of the remaining pieces and utilizing appropriate hedges to preserve the pricing of CMOs. Conduct market analysis to uncover emerging trends within Agency MBS and CMO that directly influence trading decisions. Constantly reevaluate existing hedges based on changing market conditions and dynamically adjust those hedges to reduce risk exposure of the portfolio. Provide market insights to help clients identify profitable trading opportunities that align with their investment objectives. Build tools that streamline daily trading operations and analytics specific to MBS that help the trading desk in making more informed trading decisions and optimize hedging framework. Nurture robust relationships with clients by engaging daily in market conversations, sharing relevant market color, organizing regular in-person meetings and phone calls. Effectively communicate with key stakeholders within the firm including market risk oversight teams, compliance, and risk officers regarding risk limits and ensure that all market risks within the portfolio are consistent with the business strategy, the market segment, and bank’s appetite for risk. Regularly engage in brainstorming sessions to generate and evaluate new trade ideas. Conduct thorough deal tie-outs and reconciliations post-execution and validate trade details to ensure accuracy and completeness of trades. Collaborate closely with sales teams to identify client needs and deliver customized trading solutions and write trade ideas to enhance client satisfaction.

Requirements

Bachelor’s degree in Economics, Operations Research, Mathematics, Statistics, or related field (willing to accept foreign education equivalent) plus five (5) years of experience analyzing markets, optimizing hedging, and trading and managing MBS and MBS-related derivatives including CMOs and mortgage options.
Alternatively, a Master’s degree in Economics, Operations Research, Mathematics, Statistics, or related field (willing to accept foreign education equivalent) plus three (3) years of experience analyzing markets, optimizing hedging, and trading and managing MBS and MBS-related derivatives including CMOs and mortgage options.
Experience must include (quantitative experience requirements not applicable to this section): Utilizing Excel, VBA, Python, and SQL in a professional trading desk setting; Utilizing Yield Book, Bloomberg, and Intex dealmaker for agency Mortgage-backed Securities (MBS); Pricing, trading, and utilizing interest rate and mortgage options to hedge portfolio and enhance returns; Conducting trading, risk management, and contributing to desk P&L as an Agency MBS trader; Trading and performing risk management of agency mortgage-backed securities including TBAs and specified pools, and other agency securities including Agency debentures and Agency callable debt and hedging with US treasury, future, and interest rate derivatives; and structuring and closing agency Collateralized Mortgage Obligation (CMO) deals.
Series 7, 63, and SIE licenses required.

Responsibilities

Source Mortgage-backed securities (MBS) collateral for new issue Collateralized Mortgage Obligation (CMO) deals.
Structure CMO deals and trade some of the resulting pieces across a varied client base while managing risk of the remaining pieces and utilizing appropriate hedges to preserve the pricing of CMOs.
Conduct market analysis to uncover emerging trends within Agency MBS and CMO that directly influence trading decisions.
Constantly reevaluate existing hedges based on changing market conditions and dynamically adjust those hedges to reduce risk exposure of the portfolio.
Provide market insights to help clients identify profitable trading opportunities that align with their investment objectives.
Build tools that streamline daily trading operations and analytics specific to MBS that help the trading desk in making more informed trading decisions and optimize hedging framework.
Nurture robust relationships with clients by engaging daily in market conversations, sharing relevant market color, organizing regular in-person meetings and phone calls.
Effectively communicate with key stakeholders within the firm including market risk oversight teams, compliance, and risk officers regarding risk limits and ensure that all market risks within the portfolio are consistent with the business strategy, the market segment, and bank’s appetite for risk.
Regularly engage in brainstorming sessions to generate and evaluate new trade ideas.
Conduct thorough deal tie-outs and reconciliations post-execution and validate trade details to ensure accuracy and completeness of trades.
Collaborate closely with sales teams to identify client needs and deliver customized trading solutions and write trade ideas to enhance client satisfaction.