Associate, Mortgage Quant

Bank of Montreal; United States; On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Retirement savings plans

Accident and life insurance

Job summary

Bank of Montreal (BMO) Capital Markets is seeking a front-office MFL Mortgage Quant to develop models, analytics, and tools that support pricing, hedging, and risk management for mortgage and asset-backed trading businesses.

You will work directly with traders, senior management, and risk partners to translate research into production, robust pricing solutions and actionable insights that impact market decisions.

Qualifications

• Advanced degree in Mathematics, Physics, Statistics, Engineering, Computer Science, Financial Engineering.
• Strong programming skills in C#, C++ and/or Python.
• Excellent analytical and problem-solving abilities.
• Strong communication skills and the ability to explain complex ideas to technical and non-technical audiences.
• Experience with mortgage, fixed income, or asset-backed products is a plus but not required.

Responsibilities

• Research, develop, and implement quantitative models for pricing and risk management.
• Build and enhance the quantitative infrastructure used by traders and risk managers.
• Improve model performance through optimization, profiling, and analytics.
• Partner with traders to deliver pricing tools, risk analytics, and actionable insights.
• Analyze market and trade data to support research, strategy, and decisions.
• Collaborate with Risk and Valuation Control to ensure robust model governance.

Skills

C#

C++

Python

Quantitative analysis

Education

Advanced degree in Mathematics/Physics/Statistics/Engineering/CS/Financial Eng.

Job description

Application Deadline: 10/29/2026 Address: 151 W 42nd Street Job Family Group: Capital Mrkts Sales & Service

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

Join a front-office quantitative team at the intersection of trading, technology, and risk management. As an MFL Mortgage Quant, you will develop the models, analytics, and tools that directly support pricing, hedging, and risk management for BMO's mortgage and asset-backed trading businesses. This is a highly collaborative role offering direct interaction with traders, senior management, and risk partners, with the opportunity to see your research and engineering work drive real business decisions and market outcomes.

What You'll Do

• Research, develop, and implement quantitative models and computational methods for pricing and risk management.
• Build and enhance the quantitative infrastructure used by traders and risk managers across the mortgage platform.
• Improve model performance through optimization, profiling, and innovative analytical approaches.
• Partner directly with traders to deliver pricing tools, risk analytics, and actionable insights.
• Analyze market and trade data to support research, strategy, and business decision-making.
• Collaborate with Risk, Valuation Control, and other stakeholders to ensure robust model governance and usage.
• Contribute to discussions on pricing, hedging, risk measurement, and new product development.

What We're Looking For

• Advanced degree in Mathematics, Physics, Statistics, Engineering, Computer Science, Financial Engineering, or a related quantitative discipline.
• Strong programming skills in C#, C++ and/or Python.
• Excellent analytical and problem-solving abilities.
• Strong communication skills and the ability to explain complex ideas to technical and non-technical audiences.
• Experience with mortgage, fixed income, or asset-backed products is an asset, but not required.

Why Join Us

• Work on intellectually challenging problems with direct market impact.
• Build production models and analytics used daily by a front-office trading desk.
• Collaborate with experienced traders, quants, and technology professionals.
• Gain exposure to quantitative research, software engineering, and financial markets in a single role.
• See your ideas move rapidly from concept to implementation.

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

Salary: 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.

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, and empowering individuals and communities, we are committed to serving the public good. Our vision moves beyond the provision of financial services, reaching into how we build relationships and create opportunity for all. 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 http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [e-mail] and let us know the nature of your request and your contact information.

Who we are

We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.