Junior Fixed Income ETF Quant Trader (Analyst / Associate)

BMO Capital Markets; Toronto; On-site; CAD 95,000 - 120,000; Full time

Job summary

BMO Capital Markets is looking for a Junior Fixed Income ETF Quant Trader to develop trading strategies and optimize performance in the fixed income ETF market. The role requires strong analytical skills, programming proficiency, and the ability to collaborate effectively within a team. The position offers a competitive salary, comprehensive benefits, and an inclusive work environment focused on growth and impact.

Benefits

Health insurance

Tuition reimbursement

Retirement savings plans

Discretionary bonuses

Qualifications

• Proven experience in quantitative trading or risk management.
• Strong programming skills in Python, R, or MATLAB.
• In-depth knowledge of fixed income products.

Responsibilities

• Develop and implement quantitative trading strategies for fixed income ETFs.
• Conduct in-depth analysis of fixed income markets and adjust strategies.
• Execute trades efficiently while minimizing market impact.

Skills

Programming in Python

Analytical Skills

Problem Solving

Collaboration

Education

Bachelor’s degree in Finance, Economics, Mathematics, or related field

Job description

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Role Overview :

The Fixed Income ETF Junior Quant Trader will be responsible for developing and implementing quantitative trading strategies and tools for our fixed income ETF market making business. This individual will work closely with Senior Traders, Developers, and Algo teams to optimize performance and manage risk.

Key Responsibilities :

• Strategy Development : Design, test, and implement quantitative trading strategies for fixed income ETFs. Utilize statistical models and machine learning techniques to improve execution and performance.
• Market Analysis : Conduct in-depth analysis of fixed income markets, including interest rate movements, credit spreads, and macroeconomic indicators. Monitor market conditions and adjust strategies accordingly.
• Execution : Efficiently execute trades across various fixed income instruments, including bonds, futures, and ETFs, while minimizing market impact and transaction costs.
• Risk Management : Implement robust risk management practices to monitor portfolio risk and ensure adherence to investment guidelines and regulatory requirements.
• Collaboration : Work closely with senior traders, researchers, and technology teams to refine trading strategies and improve trading infrastructure.
• Reporting : Prepare regular reports on trading activity, strategy performance, and market insights for senior management and stakeholders.

Qualifications :

• Bachelor’s degree in Engineering, Finance, Economics, Mathematics, Computer Science, or a related field.
• Proven experience in quantitative trading or risk management, specifically within fixed income markets.
• Strong programming skills in Python, R, MATLAB, or similar languages. Proficiency in using trading platforms and analytical tools.
• In-depth knowledge of fixed income products, including bonds, interest rate derivatives, and ETFs.
• Excellent analytical, problem-solving, and decision-making skills.
• Ability to work under pressure and manage multiple tasks in a fast-paced environment.
• Strong communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.

Base Salary :

Analyst - CAD $95,000

Associate - CAD $110,000- 120,000

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 : https://jobs.bmo.com/global/en/Total-Rewards

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.

To find out more visit us at https://jobs.bmo.com/ca/en

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. To request accommodation, please contact your recruiter.

Note to Recruiters : BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.

Seniority level

Not Applicable

Employment type

Full-time

Job function

Finance and Sales

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