Trader, Fixed Income

Laurentian Bank; Montreal (administrative region); Hybrid; CAD 70,000 - 120,000; Full time

Benefits offered by this job

Hybrid work model

Birthday day off

EFAP health/wellness

Group insurance

Floating days

Job summary

Laurentian Bank Securities, a Laurentian Bank subsidiary, is seeking a government bonds trader to manage distribution, liquidity, and client needs while ensuring compliance and professional execution.

The role requires a Bachelor’s in Business Administration, Finance or Economics, 3 years in brokerage, and bilingual French-English; CSI exams CIRE and Institutional Securities are required. A hybrid work model and competitive compensation are offered.

Qualifications

• Bachelor’s degree in Business Administration, Finance or Economics.
• Three years of experience in the brokerage industry.
• CFA designation is an asset.
• CSI courses required: CIRE and Institutional Securities Exam.
• Proficiency in both French and English.

Responsibilities

• Manage the government bond distribution process in primary markets.
• Maintain liquidity of securities through trading and market making.
• Analyze financial product needs and acquire assets to resell for profit.
• Master computer tools to execute and record transactions.
• Ensure compliance with industry standards and minimize errors.

Skills

Bond trading

Liquidity management

Risk monitoring

Trading software

Compliance

Education

Bachelor's degree in Business Administration, Finance, or Economics

Three years of brokerage experience

Tools

CIRE

Institutional Securities Exam

Job description

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.

This role sits within Laurentian Bank Securities, a subsidiary of Laurentian Bank.

The incumbent manages the distribution and trading of government bonds, ensuring market liquidity and meeting client needs. They analyze investment opportunities, execute transactions with precision, and monitor risks to protect capital and generate profits. They ensure compliance with industry and organizational standards and procedures while maintaining a high level of professionalism and technical expertise.

Laurentian Bank Securities is an integrated full-service investment dealer. Its respected Institutional Fixed Income division holds a leading position in government and corporate bond underwriting across Canada, as well as in market-making and trade execution activities.

Responsibilities

• Manage the government bond distribution process based on our participations in purchase groups (primary market).
• Maintain and provide the liquidity of securities (trading, market making).
• Analyze financial product needs and make relevant acquisitions to resell at a profit for clients and LBS.
• Master the various computer tools to execute and record solicited transactions.
• Demonstrate diligence and professionalism to minimize errors and correct those of internal and/or external clients.
• Ensure the thorough application of industry standards and procedures.
• Recognize that the professionalism of his or her work directly impacts salespeople/ representatives, clients and the corporate image of LBS.
• Consistently monitor inventory levels, volatility and adversity to protect LBS's capital.
• Ensure that the trading desk respects the aggregates and the limits of the counterparty and issuer.
• Keep abreast of developments in his or her field and constantly upgrade his or her technical skills.

Qualifications

• Bachelor’s degree in Business Administration, Finance, or Economics.
• Three (3) years of experience in the brokerage industry.
• CFA designation is considered an asset.
• The following Canadian Securities Institute (CSI) courses are required:
  • Canadian Investment Regulatory Exam (CIRE) Canadian Investment Regulatory Exam (CIRE)
  • Institutional Securities Exam Institutional Securities Exam
• Proficiency in both French and English*

*Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matterswith internal and external parties in both languages.

What Laurentian Bank has to offer you

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.

Here are some of the key points of our offering:

• The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
• Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
• Work model: We prioritize a hybrid work model based on business needs.
• Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Plus, as an extra perk, you also get a paid day off to celebrate your birthday.
• Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
• Group insurance: We offer a competitive insurance program based on your family’s needs.

We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

PIPEDA

We may collect, use or disclose your personal information for the purpose of establishing an employment relationship with you.

We also use artificial intelligence (AI) tools during parts of our recruitment process to support fair and efficient hiring decisions.