Director or Vice President, Electronic Trading (US Rates)

Bank of Montreal • New York, NY

2d • Onsite

About The Position

BMO Capital Markets is hiring a Director or Vice President, Electronic Trading (US Rates) for its Global Markets business in New York. The role is part of Electronic Trading & Strategy (ETS), the electronic trading arm of Global Fixed Income, which spans products including Foreign Exchange, Rates, Credit, and Mortgages.

The position is responsible for pricing and risk management of electronic US Rates trading and for advancing BMO’s electronic growth strategy. The successful candidate will help grow electronic trading volumes and profitability by developing and scaling technology-driven trading strategies, working closely with Global Markets trading, sales, technology, infrastructure, and application vendors to deliver client solutions and maintain robust trading systems. The role also requires continuous oversight of the electronic trading environment to support efficient operations, prudent risk management, and regulatory compliance.

Requirements

• 5–7 years of electronic trading experience in the sell-side banking sector, including US Treasuries and exposure across Fixed Income (Rates, Credit, and Mortgages).
• University degree in computer science, engineering, mathematics, statistics, or a related discipline.
• Thorough knowledge of macro markets and sales, trading, and hedging strategies.
• Strong understanding of local regulatory and financial concepts.
• Advanced deal execution and/or project management skills.
• Strong analytical, problem-solving, and risk management skills.
• Excellent communication skills.
• FINRA Series 7 and Series 63 licenses required.

Responsibilities

• Manage primary risk for the electronic US Rates trading business.
• Design and operate algorithmic trading systems to price, execute, and hedge electronic franchise flow.
• Contribute as a member of the trading team, with a focus on increasing electronic trading volumes and profitability.
• Develop technology- and infrastructure-based solutions to meet business objectives.
• Create and develop trading ideas and initiatives related to electronic trading.
• Respond professionally to inquiries from clients, regulatory agencies, and members of the business community, and determine acceptable solutions.
• Support sales activities with trading strategies, product definition, and market information tailored to individual client needs.
• Maintain strong relationships with BMO’s sales team and match electronic services and products to client business needs.
• Develop proficiency in required systems and models.
• Identify opportunities to improve efficiency and service for internal and external clients, and act as a change agent to improve effectiveness.
• Coordinate with Infrastructure and Application vendor teams to resolve complex issues and outages.
• Provide competitive pricing across electronic platforms and maintain oversight of the electronic trading environment to manage risk, maximize efficiency, and support regulatory adherence.

Benefits

• Health insurance
• Tuition reimbursement
• Accident insurance
• Life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included in the total compensation package.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior