Director or Managing Director, Tactical & Accrual Trading
NEW YORK, NYPosted 30+ days ago
Job summary
Job post source
This job is directly from BMO Capital Markets
Job overview
The Director or Managing Director, Tactical & Accrual Trading at BMO Capital Markets leads trading strategies in fixed income sectors, focusing on Agency MBS, to optimize portfolio risk and returns within the Global Markets Investment Portfolio.
Responsibilities and impact
The role involves developing and executing trading strategies, managing proprietary risk, collaborating with investment PMs and sell-side coverage, ensuring compliance with regulatory guidelines, and maximizing profit while managing liquidity and risk exposure.
Compensation and benefits
The position offers a salary range of $275,000 to $350,000 USD depending on level, with potential commissions, performance incentives, health insurance, tuition reimbursement, life and accident insurance, and retirement savings plans.
Experience and skills
Candidates need 5-10 years of fixed income trading experience, expertise in Agency Mortgage products, quantitative tool development skills, regulatory licenses, and strong communication and risk management abilities; advanced degrees and knowledge of credit and interest rate derivatives are preferred.
Career development
BMO provides training, coaching, manager support, and networking opportunities to help employees grow their skills and advance their careers.
Work environment and culture
BMO promotes a collaborative, inclusive environment valuing diversity, equal opportunity, and support for individuals with disabilities, emphasizing positive impact and innovation.
Company information
BMO Capital Markets is a leading full-service financial services provider offering corporate and investment banking, treasury management, and advisory services globally.
Team overview
The role reports to the Head of Tactical & Accrual Trading and works closely with other Investment PMs and internal and external partners to manage portfolio strategies and risk.
Application process
Applicants must submit resumes directly; unsolicited resumes from recruiters are not accepted without a valid agency agreement.
Unique job features
The job uniquely focuses on proprietary risk-taking in Agency MBS with a strategic investment mandate and requires regulatory registration as a senior officer of the firm.
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
Tailor your resume to emphasize your extensive experience in fixed income trading, particularly in Agency Mortgage-Backed Securities (MBS) such as Agency TBA’s, Pools, CMOs, and Derivatives, showcasing your ability to develop and execute proprietary trading strategies with calculated risk-taking.
Highlight your expertise in quantitative tools for screening trading opportunities and your proven track record in managing risk and optimizing portfolios within dynamic market conditions, aligning with BMO Capital Markets' strategic investment goals.
Apply through multiple platforms including BMO Capital Markets' official careers site and LinkedIn to maximize application visibility and ensure your resume reaches the hiring team effectively.
Connect on LinkedIn with professionals within BMO’s Tactical & Accrual Trading division; initiate conversations by referencing recent market trends in Agency MBS or commenting on BMO’s latest trading initiatives to break the ice.
Optimize your resume for ATS by including keywords such as 'Agency MBS,' 'fixed income trading,' 'proprietary risk management,' 'quantitative screening tools,' and 'portfolio optimization' to pass automated screening and highlight relevant skills.
Leverage Jennie Johnson's Power Apply feature to automate tailored applications, identify multiple application channels, and discover LinkedIn connections for networking, allowing you to focus more on strategic preparation and interview readiness.
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