Senior Associate or Vice President Equity Derivatives Trader

BMO•New York, NY

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: 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.

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.