Address:

Job Family Group:

The Front Office Desk Quant / Strat role involves utilizing quantitative skills to develop and implement trading strategies, risk management, and collaboration with trading teams to optimize decision making processes.

Responsibilities include:

Quantitative Trading Support

• Respond to traders’ requests to troubleshoot intraday risk issues, P&L attribution, and any quant / tech related issues.

• Prototype new tools to be used for intraday valuations, risks and P&L/explain. Provide the prototypes for tech/quant teams to build into systems.

• Build optimization tools for exotic options portfolio hedging.

• Create and maintain custom scenarios, reporting tools, as required to satisfy trading strategy analysis.

• Optimization of existing workflows and transformation of ad-hoc excel based tools to scalable and distributed solutions.

Model Analysis

• Produce and review back-test data for new models / pricing parameters to identify issues against benchmark production data.

• Reviewing model output and identifying inconsistencies in data.

Required Skills:

Software Development Skills:

• Object Orientated Programming (C# / C++)

• Scripting languages (Python / VBA)

• Relational Databases (SQL /Postgres)

• Maintaining Git repositories

• CICD toolchains

• Optional: Familiarity with Jira

• Optional: Tableau or PowerBI experience

• Optional: Functional programming experience (F#)

Quantitative Skills:

• Familiarity with Vanilla & Exotic Equity derivative pricing models.

• Ability to build prototype pricing and diagnostic tools for intraday risk, valuations, P&L and regulatory reporting requirements.

The salary range for this role at the Associate level is $150,000 up to $200,000 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

Please note the base salary for this role at the VP level is $260,000 USD

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: