Senior Associate or Vice President Equity Derivatives Trader

Bank of Montreal • New York, NY

6d • $140,000 - $260,000

About The Position

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets The Equity Derivatives Trading Desk is looking to hire a Senior Associate or VP -level candidate to support a large and growing Exchange Traded Note (ETN) business. Candidates should be ready for immediate responsibility and accountability for results. Specific responsibilities of this position will include:

Requirements

• Typically between 3 - 6 years of experience trading derivatives and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Degree in Engineering/Mathematics/Statistics, CFA preferred.
• Strong understanding on equity market structure, index mechanics, and derivative instruments.
• Series 7, 63, and 55 licenses.
• Attention to detail - exceptional numerical, analytical, and problem-solving abilities.
• Excellent communication and teamwork skills.

Nice To Haves

• Proficiency in programming in Python, SQL, or VBA preferred.
• Exposure to index rebalancing, corporate action handling, or portfolio transition management.
• Experience with risk models, transaction cost analysis, and execution management system.

Responsibilities

• Execute and monitor index-related trades in equities as well as equity and interest-rate derivatives.
• Assist in managing index rebalance and corporate action events, and handling operational risks around them.
• Work with senior traders to hedge and manage liquidity, gap, financing, and operational risk.
• Develop and maintain analytical tools to support trading strategies, P&L analysis, and market monitoring.
• Conduct research on exchange-traded product market structure, liquidity trends, and new product developments.
• Evaluate and understand the qualities of different equity derivatives to optimize portfolio’s positions under different market scenarios.
• Provide pricing, liquidity, and market color to internal and external stakeholders.
• Identifies opportunities for increased efficiency and improved service to internal and external clients and acts as a positive change agent to drive improved efficiency and effectiveness.
• Ensure compliance with internal risk limits, regulatory requirements, and best execution standards.
• Interfacing with internal support groups to support all necessary business functions.

Benefits

• BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.
• To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees