VP Director Agency MBS Trading
VP Director Agency MBS Trading
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1 Vacancy
Job Description
Application Deadline:
Address:
151 W 42nd StreetJob Family Group:
Capital Mrkts Sales & ServiceBMO Capital Markets is a leading fullservice financial services provider. We offer corporate and investment banking treasury management as well as research and advisory services to clients around the world. #bmocapitalmarkets
The VP or Director (depending on experience and qualifications) in the Agency MBS trading desk to trade and manage risk / client flows.
BMO is the 8thlargest North American bank. With significant balance sheet and one of the largest Structured products institutional salesforces on the street BMO is an industry leader in the space and is continuing to grow. BMO is currently the top issuer of Agency CMOs.
Trade and market Agency MBS either structured (Agency CMO/CMBS) or flow (TBA/Spec pools)
Very good understanding of Mortgage cashflows prepayments and prepay models.
Connect with clients and via salespeople to market trade ideas and bring inquiry to the trading desk.
Offer and trade positions from inventory and generate secondary flows.
Generate trade ideas on Mortgage Backed Securities (MBS) and MBS related instruments. Analyze securities from both a structural and prepayment perspective.
Help with managing risk on trading desk positions: MBS MBS TBA CMOs Swaps Swaptions Treasuries Treasury Futures Options etc.
Collaboration & team skills Ability to work well with the BMO salesforce other BMO traders and BMO clients.
Thrive in the fast paced and intense work environment of a top trading desk.
Qualifications:
3 years of experience in Agency MBS Trading (could be TBA/Specified pools/CMOs) or Research.
Series 7 and 63 licenses would be required.
Experience with Intex Dealmaker/Bloomberg/Yieldbook/CMO structuring tools is preferred.
Knowledge and experience with CMO IO/Inverse IOs is a plus.
Experience with Excel and VBA is preferred.
Strong quantitative analysis technology and financial analysis skills.
Risk management skills fundamental analysis skills and leadership abilities.
Degree in Mathematics Finance or related area.
Analytical and problemsolving skills data driven decision making.
Salary:
VP $250000 USD
Director $275000 USD
Salary:
Pay Type:
SalariedThe 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 parttime roles will be prorated 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 performancebased 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 indepth training and coaching to manager support and networkbuilding opportunities well help you gain valuable experience and broaden your skillset.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an email to and let us know the nature of your request and your contact information.
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.
Required Experience:
Exec
Employment Type
Full-Time
