Director or VP, FXSTIR Trading

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BMO Capital Markets is a leading full-service North American-based financial services provider offering equity and debt underwriting corporate lending and project financing merger and acquisitions advisory services securitization treasury management market risk management debt and equity research and institutional sales and trading. BMO Capital Markets has over 2700 professionals in 30 locations around the world including 20 offices in North America.

BMO Capital Markets is a member of BMO Financial Group (NYSE TSX: BMO) one of the largest diversified financial services providers in North America with US$1.1 trillion total assets and approximately 53000 employees as of October 31 2025. #bmocapitalmarkets

Provides a markets-based suite trading solution to Institutional Corporate and Retail clients. Offers a full spectrum of integrated capabilities to deliver leading market insight risk management and execution services to issuing and/or investor clients including access to major global markets across foreign exchange and interest rate. Provides competitive pricing to all clients and seeks out new opportunities with prospective clients. Maximizes profit while prudently minimizing the banks exposure and adhering to regulatory statutes.

The primary responsibility will be to provide pricing in FX Short-Term Interest Rates (STIR) and cross-currency basis for G10 currencies to FX and Rates sales teams across North America and Europe. The role requires strong proficiency in trading rates and FX with depth of expertise in FX spot and forward markets.

The core objective of the role is to manage risk across all STIR FX and basis positions during the NA trading hours while delivering competitive pricing to sales teams to support and enhance the profitability of BMOs FX business. The role aims to strengthen BMOs market share and franchise with both regional and global clients in its core markets while operating within established risk parameters set by the Head of FX and STIR addition the position involves collaborating with and supporting colleagues across other offices and trading product groups mentoring junior trading and sales staff and contributing broadly to the continued development of BMOs Global franchise.

• Serve as a key member of the deal team driving sector penetration client engagement and profitability.
• Develop and deepen relationships with existing and prospective clients through expertise in financial markets and tailored solutions.
• Manage a trading book including responsibility for risk P&L pricing and position limits.
• Manage FX Forward and STIR risk positions including outright delta relative value opportunities basis trading and curve positioning while optimizing risk-adjusted returns within approved limits.
• Identify cross-selling opportunities and expand share of wallet through a comprehensive understanding of client needs.
• Partner closely with Sales Research and other stakeholders to deliver seamless client coverage and market insights.
• Anticipate evolving client needs and provide strategic innovative and client-focused solutions.
• Negotiate transaction terms using market intelligence analytics and internal expertise.
• Enhance the client experience by leveraging the full breadth of the firms capabilities and resources.
• Produce and interpret financial market and risk analyses to support client activity and business decisions.
• Ensure compliance with risk regulatory and control frameworks while maintaining prudent management of the Banks exposure.
• Drive revenue growth capital optimization and operational efficiencies through proactive identification of opportunities.
• Evaluate risk-return trade-offs effectively and take accountability for risks assumed.
• Act as a subject matter expert and trusted advisor to senior leaders and stakeholders across the organization.
• Apply sound judgment creativity and expertise to solve complex ambiguous and non-routine business challenges.
  

Qualifications:

• Typically 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Degree in Accounting/Economics/Mathematics/Statistics CFA preferred.
• Thorough knowledge of capital markets pricing and trading/hedging strategies and familiarity with a variety of the fields concepts practices and procedures and various capital markets products.
• Strong understanding of trading procedures and broader regulatory and financial concepts.
• Strong quantitative analysis technology and financial analysis skills.
• Strong risk management skills fundamental analysis skills and leadership abilities.
• Seasoned professional with a combination of education experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert
  

Salary:

Please note the target salary for this specific position in Toronto is CAD $160000 Vice President and CAD $175000 Director (subject to the candidate meeting the specific skills experience education and qualification requirements).

The above represents BMO Financial Groups 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 Groups expected target for the first year in this position.

BMO Financial Groups 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: 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. Well 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 well help you gain valuable experience and broaden your skillset.

To find out more visit us at is committed to an inclusive equitable and accessible workplace. By learning from each others differences we gain strength through our people and our perspectives. 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.