Front-Office Mortgage Quant: Pricing, Hedging & Risk

BMO Harris Bank; New York (NY); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Capital Markets is seeking a front-office quantitative professional to develop models, analytics, and tools that directly support pricing, hedging, and risk management for mortgage and asset-backed trading businesses. The role offers direct trader interaction and impact on business decisions.

You will see your research and engineering work influence pricing decisions, risk analytics, and market outcomes in a collaborative environment with traders, risk partners, and senior management.

Qualifications

• 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.

Responsibilities

• 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.

Skills

C#

C++

Python

Analytical thinking

Communication skills

Education

Advanced degree

Job description

BMO Capital Markets is seeking a front-office quantitative professional to develop models, analytics, and tools that directly support pricing, hedging, and risk management for mortgage and asset-backed trading businesses. The role offers direct trader interaction and impact on business decisions.

You will see your research and engineering work influence pricing decisions, risk analytics, and market outcomes in a collaborative environment with traders, risk partners, and senior management.