Vice President / Director, Agency MBS Trading

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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 VP or Director (depending on experience and qualifications) in Agency MBS is expected to price, trade, and manage risk on both new issue and secondary derivatives (Interest-Only securities).

BMO is the 8th-largest North American bank and is a top-5 issuer of new issue. With significant balance sheet and one of the largest institutional salesforces on the street, BMO is an industry leader in the space and is continuing to grow.

• Trade and market new issue as well as secondary Agency MBS, preferably with experience trading CMO Derivative (IO/Inverse IO) securities.

• Bring inquiry for new issue and secondary securities through contact with clients and via salespeople.

• Offer and trade positions from inventory, generate secondary flow

• Very good understanding of Mortgage cashflows, prepayments and prepay models.

• Generate trade ideas on Mortgage Backed Securities (MBS) and MBS related instruments. Analyze securities from both a structural and prepayment perspective.

• Price new issue CMO derivatives in conjunction with structure desk.

• Help with managing risk on trading desk positions: MBS, MBS TBA, CMOs, CMO Derivatives (IO/IIOs), Swaps, Swaptions, Treasuries, Treasury Futures, Options, etc.

• Collaboration & team skills - Ability to work well with the BMO salesforce and other BMO traders

Qualifications:

• 5-7 years of experience in Trading of Agency CMO Derivatives.

• Series 7 and 63 licenses required.

• Experience with Intex Dealmaker/Bloomberg/Yieldbook/CMO structuring tools required.

• Experience with Excel and VBA is preferred.

• Strong quantitative analysis, technology and financial analysis skills.

• Risk management skills, fundamental analysis skills and leadership abilities.

• Degree in Mathematics, Finance, or related area.

• Analytical and problem-solving skills, data driven decision making.

Salary:

VP - $250,0000 USD

Director - $275,000 USD

Salary:

Pay Type:

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 BMOCareers.Support@bmo.com 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.

Salary : $275,000 - $2,500,000