Director or Vice President, Electronic Trading (US Rates)

About the role

BMO Capital Markets is hiring a Director or Vice President, Electronic Trading (US Rates), Global Markets in New York. The role focuses on pricing and risk management of electronic Fixed Income trading, driving BMO’s electronic growth strategy, designing and operating algorithmic trading systems, collaborating with sales and technology, and ensuring regulatory compliance while increasing electronic trading volumes and profitability.

Responsibilities

• Providing competitive pricing across electronic platforms
• Collaborating with sales to originate and grow client relationships
• Maintaining continuous oversight of the electronic trading environment to maximize efficiency, manage risk prudently, and ensure adherence to regulatory requirements
• Primary risk management of electronic US Rates Trading business
• Design and operate algorithmic trading systems to price, execute and hedge electronic franchise flow
• Operate as a key member of the trading team with a focus on increasing electronic trading volumes and profitability
• Drive business growth in electronic trading
• Develop technology and infrastructure-based solutions for business objectives
• Create and develop new trading ideas and initiatives related to electronic trading
• Respond to inquiries from clients, regulatory agencies or members of the business community in a professional manner and determine acceptable solutions
• Support sales activities with trading strategies, product definition and market information customized to suit client needs
• Maintain strong relationships with BMO’s sales team, matching electronic services and products to suit client business
• Develop understanding and proficiency in using all required systems and models
• Identify opportunities for increased efficiency and improved service to internal and external clients and act as a positive change agent to drive improved efficiency and effectiveness
• Act as a facilitator and coordinate between infrastructure and application vendor teams to resolve complex issues and outages

Qualifications

• 5‑7 years of electronic trading experience in the sell‑side banking sector (US Treasuries) and exposure across Fixed Income (Rates, Credit, Mortgages)
• University degree in computer science, engineering, mathematics, statistics or related discipline
• Thorough knowledge of macro markets and sales/trading/hedging strategies
• Strong understanding of local regulatory and financial concepts
• Advanced deal execution and/or project management skills
• Strong analytical, problem solving and risk management skills
• Excellent communication skills
• FINRA Series 7 and Series 63 required

Pay

The salary for this role at the Director level is $275,000 and at the Vice President level is $260,000 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements). Salaries will vary based on factors such as location,