Agency MBS Trader

1 day ago


New York, New York, United States Bank of Montreal Full time
Job Title: Agency MBS Trader

We are seeking a skilled Agency MBS Trader to join our team at Bank of Montreal. As a key member of our trading desk, you will be responsible for trading and structuring Agency CMO/PT/Specified Pools/Derivatives, as well as managing risk and analyzing relative value opportunities in Agency MBS.

Responsibilities:
  • Trading and structuring Agency CMO/PT/Specified Pools/Derivatives
  • Deal booking, CMO pricing, risk reporting, and other daily trading desk routine
  • Risk management via dynamic hedging and calibrating inventory to sales volume
  • Analyze relative value opportunity in Agency MBS, through structuring and prepayment lens
  • Work closely with salesforce to bring ideas/solutions to and make markets for BMO clients in Agency CMO
  • Exact responsibility may vary based on individual's background, experience, specialty
Qualifications:
  • 2-7 years experience in the following capacity in CMO/MBS/SPT: 1) sales & trading, 2) buy side/investment management, 3) research & analytics
  • Strong communications (verbal and written) and analytical skills
  • Proven record delivering in a fast paced, high intensity, high pressure environment
  • Strong team player with aspiration to lead/drive business
  • Proficiency in MS Excel, Bloomberg
  • Experience with database, scripting and object-oriented languages (SQL, VBA, Python, C++, etc) preferred
  • Series 7 and 63 licenses preferred
Compensation:

$150,000 - $250,000 USD

The above represents BMO Financial Group's 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.

BMO Financial Group's 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.

We offer health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://www.bmo.com/careers/benefits

We are committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.


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