Bank of Montreal

Director or Vice President, Electronic Trading (US Credit, US Rates), Global Markets

Bank of Montreal$260K — $275K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3 years of electronic trading experience in the sell side banking sector.
  • University degree in computer science, engineering, mathematics, statistics or related discipline.
  • Understanding of FX payments workflows and product management experience.
  • Thorough knowledge of macro markets and trading strategies.
  • Strong understanding of local regulatory and financial concepts.
  • Advanced deal execution and project management skills.
  • Excellent communication skills.

Responsibilities

  • Drive electronic trading volumes and profitability as part of the trading team.
  • Develop technology and infrastructure-based solutions for business objectives.
  • Create and implement new trading ideas related to electronic trading.
  • Respond professionally to inquiries from clients and regulatory agencies.
  • Support sales with tailored trading strategies and market information.
  • Collaborate with sales to match electronic products to client needs.
  • Identify efficiency improvement opportunities and act as a change agent.

Benefits

  • Health insurance and life insurance benefits.
  • Tuition reimbursement for continued education.
  • 401(k) retirement savings plans with company match.
  • Performance-based incentives and discretionary bonuses.
Full Job Description
Application Deadline: 07/30/2026 Address: 151 W 42nd Street Job Family Group: Capital Mrkts Sales & Service The team is hiring a Director or Vice President, Electronic Trading (US Credit, US Rates), Global Markets in New York. This role is responsible for pricing and risk management of electronic FX and Fixed Income trading while driving BMO’s electronic growth strategy. The successful candidate will bring deep expertise in electronic markets and partner closely with Global Markets trading, sales, and technology to deliver scalable client solutions and robust infrastructure. Responsibilities include providing competitive pricing across electronic platforms, collaborating with sales to originate and grow client relationships, and maintaining continuous oversight of the electronic trading environment to maximize efficiency, manage risk prudently, and ensure adherence to regulatory requirements. This is the right role for someone focused on growing electronic trading volumes and profitability by developing and scaling technology-driven trading strategies. The successful candidate combines strong electronic markets expertise with analytical rigor, sound risk judgment, and the ability to drive efficiency and change in a complex regulatory environment. Electronic Trading & Strategy (ETS) is the electronic trading arm of Global Fixed Income (GFI) business at BMO which spans global products across Foreign Exchange, Rates, Credit, Mortgages etc. 379 Operates as key member of the trading team with a focus on increasing electronic trading volumes and profitability. 379 Would rise to the challenge of driving business growth in electronic trading 379 Passion to develop technology and infrastructure-based solutions for business objectives 379 Creates and develops new trading ideas and initiatives related to electronic trading 379 Responds to inquiries from clients, regulatory agencies or members of the business community in a professional manner and determines acceptable solutions 379 Supports sales activities with trading strategies, product definition and market information customized to suit their clients individual needs 379 Maintains strong relationships with BMOs sales team, matching electronic services and products to suit client business 379 Develops an understanding of and proficiency in using all required systems and models 379 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. 379 Act as a facilitator and coordinate between various teams like Infrastructure and Application vendor to resolve complex issues and outages 379 Perform root cause analysis and regular reporting to identify areas for review for improvements Qualifications: 379 5-7 years of electronic trading experience and trading exposure in sell side banking sector across Fixed Income (Rates, Credit, Mortgages) and FX, current eTrading experience in US Credit, US Rates. 379 University degree in computer science, engineering, mathematics, statistics or related discipline. 379 Understanding of FX payments workflows and product management experience is a plus 379 Thorough knowledge of macro markets and sales/trading/hedging strategies. 379 Strong understanding of local regulatory and financial concepts. 379 Advanced deal execution and/or project management skills. 379 Strong analytical, problem solving and risk management skills. 379 Excellent communication skills. 379 FINRA Series 7 and Series 63 required. The base salary is $275,000 at the Director level and $260,000 USD at the Vice President level (subject to the candidate meeting the specific skills, experience, education, and qualification requirements). Salary: Pay Type: Salaried The above represents BMO Financial Groups 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 Groups expected target for the first year in this position. BMO Financial Groups 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: 

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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