Associate, Quantitative Modeling

BMO Capital Markets Corp.; Toronto; On-site; CAD 65,000 - 140,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Capital Markets in Toronto seeks a quantitative modeling specialist to contribute to the life cycle of mathematical and computational models used by Global Markets Engineering. You will design tests for valuation models, document methodologies, and interact with Model Risk Management and Market Risk teams to monitor performance and manage model risk.

The role requires a technical degree, strong writing, and proficiency in Python and C++/C#, with a focus on clarity, accuracy, and timely

Qualifications

• A university degree, preferably an advanced degree in a technical field.
• Broad knowledge of quantitative finance at an advanced level and across asset classes.
• Strong technical writing ability.
• Understanding of model risk management regulatory guidance (Fed/OCC SR11-7, OSFI E-23).
• Proficiency in software development (Python, C++ / C#).
• Ability to present complex information clearly and concisely.
• Strong analytical and problem-solving skills.
• Strong project management skills with the ability to prioritize in a fast-paced environment.

Responsibilities

• Designing and executing tests on valuation models and tools for Global Markets trading desks.
• Writing comprehensive model documentation detailing methodology and test results.
• Interacting with Model Risk Management, Valuation Product Control and Market Risk on model topics.
• Executing processes for ongoing model performance monitoring and reporting KPIs.
• Supporting activities related to effective management of model risk.

Skills

Quantitative finance

Python

C++

C#

Technical writing

Model risk

Analytical skills

Project management

Education

Advanced degree in technical field

Tools

Python

C++/C#

Job description

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

As part of the Quantitative Modeling team, the successful candidate will perform a wide range of activities related to the life cycle of mathematical/computational models developed and/or owned by Global Markets Engineering and used within BMO Capital Markets. Specific duties will include:

• Designing and executing tests on valuation models and tools developed by Quantitative Modeling for use by Global Markets trading desks across multiple asset classes.
• Writing comprehensive model documentation containing technical details of the model methodology, analysis of test results and other relevant information.
• Interacting with groups outside of Global Markets, such as Model Risk Management, Valuation Product Control and Market Risk, on model-related topics.
• Executing processes for ongoing model performance monitoring and reporting key performance metrics.
• Support various other business activities related to the effective management of model risk.

Knowledge And Skills

• A university degree, preferably an advanced degree in a technical field (mathematics/mathematical finance, physics, engineering, computer science, etc.)
• Broad knowledge of quantitative finance at an advanced level and across all asset classes.
• Strong technical writing ability.
• Detailed understanding of regulatory guidance on model risk management, as outlines in the Fed/OCC SR11-7 and OSFI E-23 working papers.
• Proficiency in software development (Python, C++ / C#) is a definite asset.
• Able to present technically complex information in a clear and concise manner.
• Strong analytical and problem solving skills.
• Strong project management skills, with the ability to prioritize competing responsibilities in a fast-paced work environment.
• Detail- and results-oriented, able to exercise independent thought and adapt to new tasks quickly.

Salary

Please note the base salary for this role is $120,000 CAD.

$65,000.00 - $140,000.00

Pay Type

Salaried

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.

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process.