MFL Foreign Exchange Quant (VP/Director) recruitment

We stand behind your success with the support you need to turn your potential into performance.

BMO Financial Group is committed to an inclusive, equitable and accessible workplace. By embracing diversity, we gain strength through our people and our perspectives.

Mandate:
The MFL (Mathematical Finance Library) FX Quant is responsible for the entire spectrum of quantitative, analytical, technical, and development activities for the Foreign Exchange Products line of business.  The mandate of the MFL FX Quant is to provide traders, marketers, BMO CM senior management and our external control groups (Risk Reporting, Risk Oversight, Valuation Product Control, etc.) with the models, tools, analytics, reports, market data and information to effectively price, execute and hedge new transactions and to understand, monitor and manage existing risk.  Tasks include:

• Developing new mathematical and computational methods for pricing deals and managing risk.
• Aggregating, organizing and analyzing market and trade data to facilitate a wide range of reporting, from high-level business overviews down to trade-level details.
• Providing tools to interface with external electronic execution platforms and internal trade capture systems to facilitate trade execution and booking.
• Engaging in discussions with traders, senior management, and risk managers regarding deal modeling and pricing, hedging, risk measurement and risk management.

Knowledge:
• A university degree is required.  Preferably, an advanced degree in a technical field (mathematics, physics, statistics, engineering, computer science, etc.);
• 5-7 years of industry related experience
• Broad knowledge of quantitative finance at an advanced level.  
• Deep knowledge of foreign exchange markets and currency derivatives is strongly preferred - derivatives market, pricing, and trading/hedging strategies and familiarity with a variety of the field’s concepts, practices and procedures
• Strong understanding of currency derivatives trading procedures and broader regulatory and financial concepts

Skills:
• Software development experience (.NET, C++);
• Database experience (SQL, Oracle);
• Knowledge of Excel, including scripting and efficient spreadsheet design;
• Strong technical writing ability;
• Strong communication skills, with the ability to deal effectively with a wide range of colleagues.  This includes other technical professionals, traders, marketers, senior management, back office, and risk management.
• Strong quantitative, technology and financial skills
• Strong risk management skills, fundamental analysis skills and leadership abilities
• Ability to find and communicate ongoing events that affect or that can affect the trading systems
• Delivers clear, effective communication and takes responsibility for understanding others
• Able to exercise independent thought and judgment and adapt to new tasks with little notice
• Details and results oriented and able to prioritize tasks in a multi-task environment
• Excellent problem solving and analytical skills
• Ability to prioritize competing responsibilities working in a fast-paced, highly pressured work environment

BMO Financial Group thanks all applicants. We advise only those who qualify for an interview will be contacted.

Local Candidates only: Please hit APPLY ONLINE button below and Answer the Questionnaire.