Securities Lending Trader

BMO Financial Group; New York (NY); On-site; USD 150,000 - 225,000; Full time

Job summary

BMO Financial Group seeks an Associate to VP-level candidate for its Global Securities Lending Desk in New York. The position involves managing equity borrows, engaging with counterparties, and contributing to strategic initiatives. Ideal candidates will have relevant experience in equity finance and a strong understanding of trading operations.

Benefits

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Performance-based incentives

Qualifications

• 2+ years of front office experience in equity finance.
• FINRA registered with Series 7 and 63 certifications.
• Technical proficiency in securities finance platforms is valuable.

Responsibilities

• Act as a Stock Loan Trader for BMO’s Prime Finance business.
• Trade US equities and provide market insights.
• Monitor customer locates and manage trade processing efficiently.

Skills

Strong interpersonal skills

Quantitative skills

Market insights

Trade management

Procedural improvements

Education

Degree in a relevant subject

Tools

Excel

Bloomberg

Job description

Application Deadline:

08/30/2025

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

BMO is seeking a new hire for its Global Securities Lending Desk based in NY.
The role is an Associate to VP level opportunity on the trading desk to support the growth of BMO’s Prime Brokerage business, synthetic financing capabilities, and other global opportunities. The successful candidate will play a pivotal role in managing the daily lifecycle of equity borrows via electronic platforms, ensuring optimal inventory utilization and book efficiency. They will also contribute to the strategic expansion of non-cash collateral programs and funding optimization initiatives. This role requires proactive engagement with counterparties to cultivate electronic trading relationships and source incremental inventory, supporting both specials trading and general collateral flow.

Responsibilities

• Stock Loan Trader for BMO’s Prime Finance business

• Trading US equities, providing market insights for internal desks (especially Prime Sales) and direct to clients on borrow rates and availability, covering internal and Prime Brokerage customer short positions

• Generating revenue on the firm and customer inventory, developing new revenue streams & trading strategies

• Monitor and process customer locates from internal and external clients including the creation and publishing of ‘Availability” and “Axe” files on a daily basis in a timely and efficient manner

• Calculate, track, and report P/L daily

• Process trades/returns efficiently and accurately

• Communicate with other trading teams to ensure trades & projects are handled timely and controlled, escalating concerns

• Ensure business is conducted within BMO’s risk appetite and optimize financial resource usage

• Monitor and process recalls daily, escalating any concerns

• Proactively seek opportunities for procedural improvements to streamline the business

• Work with vendors and internal teams to implement tools to improve processes, create efficiencies and increase revenues

Other responsibilities

• Familiarity with equity repo trading, booking, and collateral management

• Understanding and familiarity with Tri-party platforms

• Funding markets

• Specials Trading

Qualifications

• Relevant background of experience in Equity Finance with related industry knowledge of Equity markets, front office exposure for 2+ years with proven trading track record

• Experience of relevant trading strategies across various markets

• Highly capable self-starting individual with an exceptional work ethic

• A thorough understanding of the business objectives while maintaining a strong control ethic and consistently progressing the controls and procedures on the desk to better support the evolving business

• Educated to degree level in a relevant subject

• FINRA registered, Series 7, 63

• Strong interpersonal and quantitative skills. Excellent Excel and Bloomberg skills

Additional qualifications that would be extremely valuable but not required:

• Technical Proficiency: Familiarity with securities finance platforms (e.g., EquiLend, Pirum), and experience with trade booking systems and reconciliation tools

• Coding/Automation: Exposure to Python, VBA, or SQL for process automation and data analysis is a strong plus

• Market Awareness: Deep understanding of equity market microstructure, short interest dynamics, and regulatory frameworks (e.g., SEC Rule 204, Reg SHO)

• Client-Facing Experience: Ability to interface with Prime Brokerage clients, hedge funds, and internal stakeholders to provide market color and locate solutions

• Cross-Product Knowledge: Exposure to equity swaps, synthetic financing, and delta one products is highly desirable

• Experience with Leveraged ETF Stock Loan and Borrow

Base Salary Range:

USD $150,000 - $225,000

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, 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 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.

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.