Job summary
Job post source
This job is directly from BMO Capital Markets
Job overview
The Securities Lending Trader role at BMO Capital Markets involves managing equity borrows and supporting the growth of the Prime Brokerage business, playing a key role in trading and financing strategies.
Responsibilities and impact
The candidate will trade US equities, manage equity borrows, generate revenue through trading strategies, monitor and process trades and recalls, communicate with teams, and seek procedural improvements to optimize business operations.
Compensation and benefits
The base salary range is USD $150,000 - $225,000 with potential commissions, performance-based incentives, bonuses, health insurance, tuition reimbursement, life and accident insurance, and retirement savings plans.
Experience and skills
Requires 2+ years of equity finance trading experience, FINRA Series 7 and 63 registration, strong quantitative and interpersonal skills, and proficiency in Excel and Bloomberg; familiarity with securities finance platforms and coding skills are a plus.
Career development
BMO offers in-depth training, coaching, manager support, and network-building opportunities to help employees grow their skills and advance their careers.
Work environment and culture
BMO values diversity, inclusion, and equal opportunity, fostering a supportive environment where employees are respected, heard, and encouraged to make an impact.
Company information
BMO Capital Markets is a leading global financial services provider offering corporate and investment banking, treasury management, and advisory services worldwide.
Team overview
The role is within BMO’s Global Securities Lending Desk based in New York, focusing on Prime Finance and synthetic financing capabilities.
Job location and travel
The position is based in New York with no specific mention of remote work or travel requirements.
Application process
Candidates should apply directly through BMO's careers site; unsolicited resumes from recruiters are not accepted without a valid agency agreement.
Unique job features
This role offers exposure to cutting-edge securities finance platforms, involvement in strategic business growth initiatives, and opportunities to work with advanced trading and automation tools.
Company overview
BMO Capital Markets is a leading, full-service North American financial services provider offering investment and corporate banking, advisory services, treasury and market risk management, and research. As part of BMO Financial Group, they generate revenue through advisory fees, trading commissions, underwriting, and asset management. Founded in 1817, BMO has a rich history of financial innovation and stability, playing a significant role in major financial markets. The company is known for its strong client relationships and commitment to sustainable finance.
How to land this job
Position your resume to highlight your experience in equity finance, trading US equities, and managing daily lifecycle of equity borrows, emphasizing skills in synthetic financing and prime brokerage support.
Focus on showcasing your familiarity with equity repo trading, collateral management, and electronic trading platforms like EquiLend or Pirum, along with your ability to optimize inventory and generate revenue.
Apply through multiple channels including BMO Capital Markets' official careers site and LinkedIn to maximize your application visibility and chances.
Connect with professionals in BMO's Global Securities Lending Desk or Prime Finance division on LinkedIn; use ice breakers such as commenting on recent market trends or asking about their experience with BMO’s prime brokerage services.
Optimize your resume for ATS by incorporating keywords from the job description such as 'equity finance,' 'prime brokerage,' 'synthetic financing,' 'trade booking,' 'collateral management,' and 'electronic trading platforms' to ensure it passes initial screenings.
Utilize Jennie Johnson's Power Apply feature to automate tailored applications, identify multiple application portals, and find LinkedIn contacts to network with, allowing you to focus on preparing for interviews and refining your skills.
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