Vice President, Data Scientist

BMO Financial Group; Toronto; On-site; CAD 120,000 - 150,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Retirement savings plan

Accident and life insurance

Job summary

BMO Financial Group is seeking a Data Scientist for its Data Cognition Team in Toronto, Ontario. The role involves developing analytics and machine learning models to enhance trading strategies. Required qualifications include a Ph.D. in a quantitative field and at least 3 years of experience in data science or machine learning. Experience in capital markets is considered a strong asset. The compensation ranges from $120,000 to $150,000 CAD annually, and additional benefits include health insurance and retirement plans.

Qualifications

• Ph.D. in a quantitative field focused on finance or related field.
• Minimum 3 years experience in data science or machine learning.
• Proficiency in statistical modeling and machine learning frameworks.

Responsibilities

• Develop and implement advanced analytics and machine learning models.
• Collaborate with trading desks and banking stakeholders to optimize strategies.
• Analyze large datasets to extract insights for decision making.

Skills

Statistical modeling

Machine learning frameworks

Strong programming skills (Python)

Problem-solving skills

Communication skills

Education

Ph.D. in Computer Science, Mathematics, Physics, or related field

Tools

Cloud technologies

Bloomberg

FactSet

Thomson Reuters

Job description

About the Role

We are seeking a talented and experienced Data Scientist to join our Data Cognition Team at BMO Capital Markets. As a Data Scientist, you will be responsible for developing and implementing advanced analytics and machine learning models to support algorithmic trading strategies and drive business decisions in the front office, Investment Banking, and Corporate Banking. You will collaborate closely with business teams and other stakeholders to understand their data needs and provide insights that improve trading performance and profitability.

Our Team

The Data Cognition Team (DCT) at BMO Capital Markets delivers a scalable, customizable, and sustainable suite of AI‑enabled products for multiple business units. Leveraging cutting‑edge data and analytics technologies, we solve complex business challenges and drive strategic transformation across Investment Banking, Global Markets, and other divisions.

Key Responsibilities

• Develop and implement advanced analytics and machine learning models using techniques such as Generative AI, Deep Learning, and Reinforcement Learning.
• Build predictive models for algorithmic trading across asset classes including Equities, Fixed Income, Commodities, and Foreign Exchange.
• Collaborate with trading desks, investment banking teams, and corporate banking stakeholders to identify opportunities and optimize strategies.
• Research and experiment with new machine learning techniques, including time series analysis, to improve trading performance and profitability.
• Design and maintain reproducible machine learning pipelines for production environments.
• Analyze large datasets to extract insights and support strategic decision‑making.
• Communicate complex technical concepts to non‑technical stakeholders and present findings to senior management.
• Visualize complex data clearly and concisely for business consumption.

Qualifications

• Ph.D. in Computer Science, Mathematics, Physics, or a related quantitative field (focus on finance, economics, or operations research preferred).
• Minimum 3 years of experience in data science or machine learning; experience in capital markets is a strong asset.
• Proficiency in statistical modeling, time series analysis, and machine learning frameworks.
• Strong programming skills (Python preferred) and experience with cloud technologies.
• Familiarity with financial tools such as Bloomberg, FactSet, and Thomson Reuters is a plus.
• Excellent problem‑solving skills and ability to formulate hypotheses and learn from data.
• Strong communication skills for effective collaboration with technical and business stakeholders.
• Team‑oriented, adaptable, and detail‑focused with a results‑driven mindset.

Nice to Have

• Experience with Generative AI and advanced ML techniques.
• Knowledge of investment banking concepts, trading strategies, and financial data formats.
• Familiarity with MLOps tools and practices for model deployment and monitoring.

What We Offer

Join our dynamic team at BMO Capital Markets and contribute to solving complex challenges in investment banking and global markets using innovative technologies. We offer opportunities for professional growth, access to cutting‑edge tools, and the chance to make a significant impact on critical business operations.

Compensation

Base Salary: $120,000–$150,000 CAD (subject to negotiation and based on qualifications).

Salary will be adjusted based on location, skills, experience, and qualifications. Compensation may include commission and performance‑based incentives. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

Equal Opportunity

BMO is committed to an inclusive, equitable, and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process.