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BMO Financial Group Agency MBS Trader in New York, New York

Additional Job Description

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 an industry leader in Agency CMO trading and structuring. YTD, BMO ranks #1 in CMO new issue with 20+% market share. With a best-in-class institutional sales and trading platform, BMO aspire to relentlessly scale its success in Agency CMO/MBS

Responsibilities:

  • Trading and structuring Agency CMO/PT/Specified Pools/Derivatives

  • Deal booking, CMO pricing, risk reporting, and other daily trading desk routine

  • Risk management via dynamic hedging and calibrating inventory to sales volume

  • Analyze relative value opportunity in Agency MBS, through structuring and prepayment lens

  • Work closely with salesforce to bring ideas/solutions to and make markets for BMO clients in Agency CMO

  • Exact responsibility may vary based on individual’s background, experience, specialty

Qualifications:

  • 2-7 years experience in the following capacity in CMO/MBS/SPT: 1) sales & trading, 2) buy side/investment management, 3) research & analytics

  • Strong communications (verbal and written) and analytical skills

  • Proven record delivering in a fast paced, high intensity, high pressure environment

  • Strong team player with aspiration to lead/drive business

  • Proficiency in MS Excel, Bloomberg

  • Experience with database, scripting and object-oriented languages (SQL, VBA, Python, C++, etc) preferred

  • Series 7 and 63 licenses preferred

Salary:

$150,000 - $250,000 USD

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

We’re here to help

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/us/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. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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.

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