Director or Vice President, Electronic Trading (US Rates)

BMO • New York, NY

17h • $260,000 - $275,000

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. This role is responsible for pricing and risk management of electronic fixed-income trading while advancing BMO’s electronic growth strategy. The successful candidate will partner with Global Markets trading, sales, and technology to deliver scalable client solutions and robust infrastructure. Electronic Trading & Strategy (ETS) is the electronic trading arm of BMO’s Global Fixed Income business, which spans products including foreign exchange, rates, credit, and mortgages.

The position focuses on growing electronic trading volumes and profitability through technology-driven trading strategies. The role combines electronic markets expertise with analytical rigor, sound risk judgment, and the ability to drive efficiency and change in a complex regulatory environment. The salary is $275,000 at the Director level or $260,000 at the Vice President level, subject to the candidate meeting the role’s requirements.

Requirements

• 5–7 years of electronic trading experience in the sell-side banking sector, including US Treasuries and exposure across fixed income, such as 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 key member of the trading team, focusing on increased electronic trading volumes and profitability.
• Develop technology- and infrastructure-based solutions to support business objectives.
• Create and develop trading ideas and initiatives related to electronic trading.
• Respond professionally to inquiries from clients, regulatory agencies, and business-community members, and determine acceptable solutions.
• Support sales activities with trading strategies, product definitions, and market information tailored to client needs.
• Maintain strong relationships with BMO’s sales team and match electronic services and products to client businesses.
• Develop proficiency in required systems and models.
• Identify opportunities to improve efficiency and service for internal and external clients, and drive positive change.
• Coordinate with infrastructure and application vendor teams to resolve complex issues and outages.

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