Director or VP, FX/STIR Trading

BMO•Toronto, ON

11d•Onsite

About The Position

Provides a markets-based suite trading solution to Institutional, Corporate, and Retail clients. Offers a full spectrum of integrated capabilities to deliver leading market insight, risk management, and execution services to issuing and/or investor clients, including access to major global markets across foreign exchange and interest rate. Provides competitive pricing to all clients and seeks out new opportunities with prospective clients. Maximizes profit while prudently minimizing the bank’s exposure and adhering to regulatory statutes. The primary responsibility will be to provide pricing in FX, Short-Term Interest Rates (STIR), and cross-currency basis for G10 currencies to FX and Rates sales teams across North America and Europe. The role requires strong proficiency in trading rates and FX, with depth of expertise in FX spot and forward markets. The core objective of the role is to manage risk across all STIR, FX, and basis positions during the NA trading hours, while delivering competitive pricing to sales teams to support and enhance the profitability of BMO’s FX business. The role aims to strengthen BMO’s market share and franchise with both regional and global clients in its core markets, while operating within established risk parameters set by the Head of FX and STIR Trading. In addition, the position involves collaborating with and supporting colleagues across other offices and trading product groups, mentoring junior trading and sales staff, and contributing broadly to the continued development of BMO’s Global franchise.

Requirements

Typically 5+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Degree in Accounting/Economics/Mathematics/Statistics, CFA preferred.
Thorough knowledge of capital markets, pricing, and trading/hedging strategies and familiarity with a variety of the field’s concepts, practices and procedures and various capital markets products.
Strong understanding of trading procedures and broader regulatory and financial concepts.
Strong quantitative analysis, technology and financial analysis skills.
Strong risk management skills, fundamental analysis skills and leadership abilities.
Seasoned professional with a combination of education, experience and industry knowledge.
Verbal & written communication skills - In-depth / Expert.
Analytical and problem solving skills - In-depth / Expert.
Influence skills - In-depth / Expert.
Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
Able to manage ambiguity.
Data driven decision making - In-depth / Expert.

Nice To Haves

CFA preferred.

Responsibilities

Serve as a key member of the deal team, driving sector penetration, client engagement, and profitability.
Develop and deepen relationships with existing and prospective clients through expertise in financial markets and tailored solutions.
Manage a trading book, including responsibility for risk, P&L, pricing, and position limits.
Manage FX Forward and STIR risk positions, including outright delta, relative value opportunities, basis trading, and curve positioning, while optimizing risk-adjusted returns within approved limits.
Identify cross-selling opportunities and expand share of wallet through a comprehensive understanding of client needs.
Partner closely with Sales, Research, and other stakeholders to deliver seamless client coverage and market insights.
Anticipate evolving client needs and provide strategic, innovative, and client-focused solutions.
Negotiate transaction terms using market intelligence, analytics, and internal expertise.
Enhance the client experience by leveraging the full breadth of the firm's capabilities and resources.
Produce and interpret financial, market, and risk analyses to support client activity and business decisions.
Ensure compliance with risk, regulatory, and control frameworks while maintaining prudent management of the Bank's exposure.
Drive revenue growth, capital optimization, and operational efficiencies through proactive identification of opportunities.
Evaluate risk-return trade-offs effectively and take accountability for risks assumed.
Act as a subject matter expert and trusted advisor to senior leaders and stakeholders across the organization.
Apply sound judgment, creativity, and expertise to solve complex, ambiguous, and non-routine business challenges.