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BMO’s Global Trading Solutions, part of Capital Markets Technology & Operations, is looking for a senior product owner with broad experience in Fixed Income trading solutions to join our team. The successful candidate will work with the existing team and business stakeholders to lead the effort to build unified Fixed Income trading platform combining BMO’s proprietary tools  and industry-leading solutions which will serve the growing needs of our clients globally. At the same time, you will help in strengthening operational practice and, if necessary, provide day-to-day assistance to traders, operations personnel and others.  The successful candidate will have extensive experience providing large-scale IT solutions in the area of Fixed Income with the emphasis on Credit and rates bond trading. Candidate’s proven track record of delivering solutions to enable business growth is matched with the reputation of building strong relationships with the senior stakeholders and other team members.  

• Lead the effort to form commonly agreed roadmap ranging from 1-3 years for the implementation of FI trading platform
• Own the product roadmap for FI trading and eTrading, balancing near-term priorities with long-term strategic goals
• Partner with trading, quants and operations to capture business needs and translate them into actionable requirements
• Lead cross-functional teams to deliver solutions such as RFQ, auto-response, algo workflows, pricing and risk
• Manage and oversee integration with FI electronic trading venues
• Evaluate external vendor offerings and, if applicable, select cost-effective providers to deliver desired functionality
• Build partnership with senior contacts from other areas (e.g. Treasury/Rates  trading) team to build common functionality with where appropriate
• Partner with others in the organization to advance BMO’s overall IT capabilities in the areas of Cloud and Data
• Identifies opportunities and provides recommendations by communicating complex technical strategies and design to senior leaders.
• Work with the development teams utilizing Agile methodologies delivering incremental value to the trading desks on frequent basis

• Defines and documents application architecture & other system documentation to ensure adherence to standards and alignment to the technical strategies.
• Ensures optimal decision-making between internal stakeholders, including between the business/group and Technology senior leaders.
• Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO.
• Ability to Influences how teams/groups work together to drive towards the common goal
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.

Qualifications:

• 12-15 years of demonstrated role experience building Fixed Income trading solutions in large-scale financial institutions.
• Proven ability to drive fixed income transformational projects with clear correlation to business benefits
• In-depth knowledge of all aspects of broker/dealer Fixed Income trading – pricing/Risk, RFQ/position/inventory management, clearing/settlements, regulatory
• In-depth understanding of FIX protocol and other FI Market integration
• Strong and up-to-date knowledge of electronic bond trading – venues (CanDeal, Tradeweb, MarketAxxess,  etc), offerings, connectivity, application integration, engagement model, product/regional aspects
• In-depth knowledge of various flavours of bonds – Governments, SSAs, Corporates, Provincials/Municipals, IG vs HY,  etc.
• Up-to-date knowledge of fixed income industry trends and available solutions. Can effectively combine buy and build strategies
• Strong experience with Bloomberg-TOMS/E-TOMS is preferred but not required
• Work with senior leaders from other T&O teams to ensure Credit IT portfolio meets the standards and strategic plans of the larger organization
• Proven track record of establishing winning culture through strong building strong alliances with key business stakeholders

Salary:

Pay Type:

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: