Director or Vice President, Electronic Trading (US Credit, US Rates), Global Markets

BMO • New York, NY

6d • $260,000 - $275,000

About The Position

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

The successful candidate will price and manage risk for electronic FX and Fixed Income trading while helping drive BMO’s electronic growth strategy. Working closely with Global Markets trading, sales, and technology teams, the position delivers scalable client solutions and robust infrastructure. The role focuses on growing electronic trading volumes and profitability by developing and scaling technology-driven strategies, maintaining oversight of the electronic trading environment, managing risk prudently, and meeting regulatory requirements.

This position calls for expertise in electronic markets, analytical rigor, sound risk judgment, and the ability to improve efficiency and drive change in a complex regulatory environment.

Requirements

• 5–7 years of electronic trading experience and sell-side banking trading exposure across Fixed Income (Rates, Credit, Mortgages) and FX.
• Current electronic trading experience in US Credit and US Rates.
• 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.

Nice To Haves

• Understanding of FX payments workflows.
• Product management experience.

Responsibilities

• Operate as a key member of the trading team, focusing on increasing electronic trading volumes and profitability.
• Provide competitive pricing across electronic platforms.
• Collaborate with sales to originate and grow client relationships.
• Create and develop trading ideas and initiatives related to electronic trading.
• Support sales activities with trading strategies, product definitions, and market information tailored to clients’ individual needs.
• Maintain strong relationships with BMO’s sales team and match electronic services and products to client business needs.
• Maintain continuous oversight of the electronic trading environment to maximize efficiency, manage risk prudently, and ensure compliance with regulatory requirements.
• Respond professionally to inquiries from clients, regulatory agencies, or members of the business community and determine acceptable solutions.
• Develop proficiency in all required systems and models.
• Identify opportunities to improve efficiency and service for internal and external clients, and drive positive change.
• Coordinate with infrastructure teams and application vendors to resolve complex issues and outages.
• Perform root cause analysis and regular reporting to identify areas for improvement.

Benefits

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

What This Job Offers

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