Vice President or Director, FX/STIR Trading

BMO•New York, NY

2d•$260,000 - $275,000•Onsite

About The Position

BMO Capital Markets is seeking a Director or Vice President of FX/STIR Trading to join its growing Global Foreign Exchange Team. This role will provide a markets-based suite of trading solutions to Institutional, Corporate, and Retail clients, offering integrated capabilities in market insight, risk management, and execution services across foreign exchange and interest rate markets. The individual will be responsible for providing competitive pricing, maximizing profit while minimizing the bank's exposure, and adhering to regulatory statutes. The primary responsibility is 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 is to manage risk across all STIR, FX, and basis positions during 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. Additionally, the position involves collaborating with colleagues, mentoring junior staff, and contributing to the development of BMO’s Global franchise. The role also serves as a key member of the deal team, driving sector penetration, client engagement, and profitability, and developing relationships with clients through expertise and tailored solutions.

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.
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.
Depth of expertise in FX spot and forward markets.

Nice To Haves

CFA preferred.

Responsibilities

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.
Manage risk across all STIR, FX, and basis positions during NA trading hours.
Deliver competitive pricing to sales teams to support and enhance the profitability of BMO’s FX business.
Strengthen BMO’s market share and franchise with both regional and global clients in its core markets, while operating within established risk parameters.
Collaborate with and support colleagues across other offices and trading product groups.
Mentor junior trading and sales staff.
Contribute broadly to the continued development of BMO’s Global franchise.
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.