VP, Physical Precious Metals Trader

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BMO Capital Markets is a leading full-service financial services provider. We offer corporate and investment banking treasury management as well as research and advisory services to clients around the world. #bmocapitalmarkets

Group Overview

The Commodities Trading team within Global Markets Fixed Income Currencies & Commodities (FICC) is responsible for managing and executing hedging and financing transactions for BMOs investor corporate and commercial clients. Working closely with the Corporate Sales & Structuring (CSS) group as well as investment corporate and commercial banking the team serves as product experts with a coverage universe including spot forward futures options exotics and financing transactions.

Key Areas of Accountability

Risk Management & Execution:

• Pro-active position and risk manager with extensive knowledge of physical trading in precious metals

• Experience trading OTC London and CME gold contracts

• Use abilities in financial analysis to communicate effectively and succinctly with CSS and clients to facilitate deals

• Develop trade ideas and help initiate transactions through appropriate presentation of financial data

• Understand all software systems for trading and pricing transactions

• Develop maintain and build out models

• Responsible for the prudent management of the Banks exposure

• Operate within authorized client position and loss limits

• Manage risk related to pricing and sales/trading of the book

• Manage firms risk and take action to reduce exposure in developing and delivering client strategies

• Compliance/AML/Reputational Risk

Collaboration:

• Be a strong partner and collaborator within Commodities Sales & Trading to share market information and solve problems

• Build relationships with product partners across Global Markets to provide/solicit cross-product mandates for new opportunities

• Continuously coach and mentor junior team member

• Ensure high levels of client satisfaction through strong cross-department coordination with the following groups:

-I&CB and P&C Coverage and Portfolio Management

-Other Trading Products Groups

-Cross-Business Risk and Cross-Business Structuring

-Documentation & Legal

-Market Risk

-Client Onboarding

-Compliance

Qualifications

Knowledge:

• Typically between 2 and 10 years of relevant experience and postsecondary degree in related field of study or an equivalent combination of education and experience.

• Demonstrates strong knowledge of Metals markets financial and physical CME LME and OTC products.

• Thorough knowledge of derivatives & options

• Knowledge of banking and risk concepts as well as derivative regulations

• Familiar with credit issues and industry trends in Metals globally

• Relevant experience and passion for working in a trading environment within a growing business

Skills:

• Expert portfolio management skills with a firm grasp of dynamic hedging

• Excellent communication skills (written and verbal)

• Expertise in financial computer applications including MS Excel VBA and Bloomberg. Strong proficiency in other Microsoft Office products.

• Able to exercise independent thought and judgment under limited supervision and to adapt to new tasks with little notice

• Creative insightful and eager to learn

• Experience training junior staff and expanding businesses into new markets and geographies

Salary:

Associate - $175000 USD - $200000 USD

VP level -$260000 USD

Salary:

Pay Type:

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 proud to be an equal employment opportunity employer. We evaluate applicants without regard to race religion color national origin sex (including pregnancy childbirth or related medical conditions) sexual orientation gender identity gender expression transgender status sexual stereotypes age status as a protected veteran status as an individual with a disability or any other legally protected characteristics. We also consider applicants with criminal histories consistent with applicable federal state and local law.

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 e-mail 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.