Address:

Mandate:

Reporting directly to the Head of Tactical & Accrual Trading, the PM is expected to be market focused; develop and execute trading strategies in various fixed income sectors; take calculated proprietary risk and make effective trading decisions within the context of the strategic investment plan as set forth by the business heads and leads of Global Markets.

The PM should be an expert in the Non-Agency Securitized Products space, have an established trading/investment strategy within the space while bringing a proven track record from similar proprietary risk taking experiences. Asset classes may include:

• Non-Agency RMBS
• ABS
• CLOs (work closely with existing PM)

The PM is accountable for developing and implementing portfolio strategies which achieve target risk and return profiles for the Global Markets Investment and Liquidity Portfolio’s. These strategies can cross multiple fixed income asset classes, and span the capital stack in terms of liquidity and credit risk. The role requires a deep understanding of fixed income investing and demands a focus for optimizing a portfolio based on ongoing market conditions.

The role is expected to work closely with all Global Markets teams, and with the other Investment PM’s in ensuring both macro and idiosyncratic risk is aligned globally, however the individual PM is responsible for their own risk sleeve and mandate. This person is expected to maximize profit while prudently minimizing the bank’s exposure for liquidity needs and adhering to regulatory statutes. The role is expected to work closely with Internal and External clients and partners.

Knowledge & Skills:

• Minimum of 5 years of experience in trading and managing risk within Fixed Income markets, preferably in a proprietary or direct investment decision capacity role.
• Experience within the non-agency securitized products space. Preference for RMBS, specifically up the stack (i.e. A to AAA tranches)
• Ability to cultivate relative value and trading ideas across Fixed Income asset classes which are executed using prudent risk management.
• Bachelor’s degree or equivalent experience in financial services, accounting or legal fields. MBA optional.
• Must successfully complete the external regulatory exams, licenses required to be considered a registered member and senior officer of the firm.
• Having some knowledge of North American and International investment banking business and regulations is preferred but not required.
• Knowledge of credit issues and industry trends in various client sectors throughout the US, Canadian and International market.
• Support the execution of operational/tactical strategies for the trading business which will ensure achievement of short and long term objectives in the Canadian and U.S. marketplaces.
• In depth knowledge of credit derivatives and interest rate derivatives.
• Hedge accounting and accrual accounting familiarity would be a plus but not required
• Results oriented and able to adapt to situations quickly.
• Strong ability to think conceptually and to achieve both short and long term business results.
• Highly developed written and oral communication.
• Personable and able to function in a team environment.

Please note the base salary for this role is $175,000 CAD

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: