Bank of Montreal

Associate, Data Scientist

Bank of Montreal$90K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 4-6 years of relevant experience in data management or a related field.
  • Post-secondary degree in a relevant discipline or equivalent experience.
  • Proficiency in data architecture design, cloud computing architecture, and data security.
  • Intermediate expertise in data integration, warehousing, and big data technologies.
  • Creative and critical thinking skills with a strong analytical mindset.

Responsibilities

  • Develop methods and policies for secure and efficient data management.
  • Create and maintain optimal architecture for data pipelines.
  • Assemble complex data sets to meet various business requirements.
  • Identify and implement process improvements for data handling.
  • Build infrastructure for effective data extraction, transformation, and loading.
  • Create analytics tools to derive insights from data for performance metrics.
  • Collaborate with stakeholders to resolve data-related technical issues.

Benefits

  • Health insurance coverage.
  • Tuition reimbursement opportunities.
  • Retirement savings plans with company match.
  • Accident and life insurance options.
  • Performance-based incentives and discretionary bonuses.
Full Job Description
Application Deadline:

Address:
100 King Street West

Job Family Group:

Capital Mrkts Sales & Service, Data Analytics & Reporting

About the Role

We are seeking a talented and experienced Data Scientist to join our Data Cognition Team at BMO Capital Markets. As a Data Scientist, you will be responsible for developing and implementing advanced analytics and machine learning models to support algorithmic trading strategies, and drive business decisions in the front office, Investment Banking, and Corporate Banking. You will collaborate closely with business teams and other stakeholders to understand their data needs and provide insights that improve trading performance and profitability.

Key Responsibilities
• Develop and implement advanced analytics and machine learning models using techniques such as Generative AI, Deep Learning, and Reinforcement Learning.
• Build predictive models for algorithmic trading across asset classes including Equities, Fixed Income, Commodities, and Foreign Exchange.
• Collaborate with trading desks, investment banking teams, and corporate banking stakeholders to identify opportunities and optimize strategies.
• Research and experiment with new machine learning techniques, including time series analysis, to improve trading performance and profitability.
• Design and maintain reproducible machine learning pipelines for production environments.
• Analyze large datasets to extract insights and support strategic decision-making.
• Communicate complex technical concepts to non-technical stakeholders and present findings to senior management.
• Visualize complex data clearly and concisely for business consumption.

Qualifications
• Ph.D. in Computer Science, Mathematics, Physics, or a related quantitative field (focus on finance, economics, or operations research preferred).
• Minimum 3 years of experience in data science or machine learning; experience in capital markets is a strong asset.
• Proficiency in statistical modeling, time series analysis, and machine learning frameworks.
• Strong programming skills (Python preferred) and experience with cloud technologies.
• Familiarity with financial tools such as Bloomberg, FactSet, and Thomson Reuters is a plus.
• Excellent problem-solving skills and ability to formulate hypotheses and learn from data.
• Strong communication skills for effective collaboration with technical and business stakeholders.
• Team-oriented, adaptable, and detail-focused with a results-driven mindset.

Nice to Have
• Experience with Generative AI and advanced ML techniques.
• Knowledge of investment banking concepts, trading strategies, and financial data formats.
• Familiarity with MLOps tools and practices for model deployment and monitoring.

What We Offer

Join our dynamic team at BMO Capital Markets and contribute to solving complex challenges in investment banking and global markets using innovative technologies. We offer opportunities for professional growth, access to cutting-edge tools, and the chance to make a significant impact on critical business operations. Apply today with your resume, highlighting your relevant experience in data science and finance.

Base Salary: $90,000-$120,000 CAD

(subject to negotiation and subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

Salary:

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. 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

About Bank of Montreal

The Bank of Montreal is a Canadian multinational investment bank and financial services company. It provides a wide range of personal and commercial banking, wealth management, and investment banking products and services. The bank had revenues of CAD 23.6 billion in 2020.
Learn more about Bank of Montreal
Size
45,454 employees
Market Cap
$60.9 billion
Industry
Founded
1817
5 Year Trend
+9.1%
NASDAQ

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