Bank of Montreal

Director or Vice President, Electronic Trading (US Rates)

Bank of Montreal$260K — $275K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of electronic trading experience, specifically in US Treasuries, within the sell-side banking sector
  • University degree in computer science, engineering, mathematics, statistics, or related field
  • Thorough knowledge of macro markets and sales, trading, and hedging strategies
  • Strong understanding of regulatory and financial concepts
  • Advanced skills in deal execution and project management
  • Exceptional analytical, problem-solving, and risk management abilities
  • Excellent communication skills, with FINRA Series 7 and Series 63 certifications required

Responsibilities

  • Manage pricing and risk for the electronic US Rates trading business
  • Design and operate algorithmic trading systems for pricing, executing, and hedging
  • Collaborate with trading team to enhance electronic trading volumes and profitability
  • Develop and implement technology-driven strategies to drive business growth
  • Initiate and create new trading ideas related to electronic trading
  • Respond professionally to inquiries from clients and regulatory bodies
  • Support sales with strategic trading and product information tailored to client needs
  • Maintain strong relationships with the sales team to align electronic offerings with client objectives
  • Identify opportunities to increase efficiency and serve clients better
  • Coordinate with infrastructure and application vendors to resolve complex trading issues

Benefits

  • Health insurance
  • Tuition reimbursement
  • Accident and life insurance
  • Retirement savings plans
  • Performance-based incentives and discretionary bonuses
Full Job Description
Application Deadline: 10/04/2026 Address: 151 W 42nd Street Job Family Group: Capital Mrkts Sales & Service BMO is hiring a Director or Vice President, Electronic Trading (US Rates), Global Markets in New York. This role is responsible for pricing and risk management of electronic 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. 3 Primary risk management of electronic US Rates Trading business 3 Design and operate algorithmic trading systems to Price, Execute and Hedge electronic franchise flow 3 Operates as key member of the trading team with a focus on increasing electronic trading volumes and profitability. 3 Would rise to the challenge of driving business growth in electronic trading 3 Passion to develop technology and infrastructure-based solutions for business objectives 3 Creates and develops new trading ideas and initiatives related to electronic trading 3 Responds to inquiries from clients, regulatory agencies or members of the business community in a professional manner and determines acceptable solutions 3 Supports sales activities with trading strategies, product definition and market information customized to suit their clients individual needs 3 Maintains strong relationships with BMOs sales team, matching electronic services and products to suit client business 3 Develops an understanding of and proficiency in using all required systems and models 3 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. 3 Act as a facilitator and coordinate between various teams like Infrastructure and Application vendor to resolve complex issues and outages Qualifications: 3 5-7 years of electronic trading experience in sell side banking sector (US Treasuries) and exposure across Fixed Income (Rates, Credit, Mortgages). 3 University degree in computer science, engineering, mathematics, statistics or related discipline. 3 Thorough knowledge of macro markets and sales/trading/hedging strategies. 3 Strong understanding of local regulatory and financial concepts. 3 Advanced deal execution and/or project management skills. 3 Strong analytical, problem solving and risk management skills. 3 Excellent communication skills. 3 FINRA Series 7 and Series 63 required. The salary for this role at the Director level is $275,000 and at the Vice President level is $260,000 USD (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: 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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