Associate / VP - Canadian Equity Finance Desk

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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

The Canadian Equity Finance business is part of Global Prime Finance (GPF”) which is made up of the financing desks within the Global Equities business. The desk serves two purposes. First, it generates revenue by lending out money and securities through the markets for securities loans, repo and prime brokerage. Second, it helps to manage the equity balance sheet and by raising funds and liquidity; sourcing securities to cover shorts within the equities business, both for other trading desks on for prime brokerage; and it manages collateral needs from clearing houses, OTC derivatives and other purposes.

The Canadian Equity Finance desk is recruiting for an Associate or VP to join the team in Toronto. The new hire will help in trading activities of the desk and help develop the desk’s collateral optimization capabilities. The role requires understanding of finance as well as how technology and analytics can help scale the business. Likely the associate has some experience with programming and an interest of working at the intersection of trading and software.

Key Responsibilities

• Develop a deep understanding of the markets for securities financing and related complexities, such constraints and capabilities of triparty systems for securities financing transactions

• Forster and manage the relationships with other desks, street counterparties, clients and functioning within global markets

• Work as part of a team to build out the management and optimization of collateral within GPF. Look to optimize within vendor and internal tools unlocking potentially trapped collateral

• Participate in managing the day to day trading activities of the desk, both revenue seeking and balance sheet management. As part of this, the associate will develop expertise in regulatory and internal metrics for liquidity, capital and credit risk

• Understand complexities of interconnectedness of positions within the business

• Identify and deliver on opportunities to grow the business and manage competing constraints

• Help build out the tools used on the desk and related operational teams

Salary:

Associate - $110,000 CAD

VP - $150,000 CAD

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 https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

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.