Associate, FX Structuring

Application Deadline:

08/15/2024

Address:

100 King Street West

Job Family Group:

Capital Mrkts Sales & Service

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 Corporate Sales & Structuring group is a team within Global Markets Fixed Income, Currencies & Commodities (FICC) responsible for originating and executing hedging and financing transactions for BMO’s corporate and commercial clients. Working closely with investment, corporate and commercial banking, the team serves as product experts with a coverage universe including foreign exchange, interest rate and equity derivatives, structured finance, equity linked securities and commodities.

MANDATE

The successful candidate would work on the Foreign Exchange Structuring desk, reporting to the team lead. The role requires the ability to support the origination and administration of FX Options. Daily tasks include using a high level of detail to efficiently respond to pricing requests and generate value-add client solutions.

This position is ideally suited to talented, highly motivated individuals who seek to grow a career in Capital Markets.

KEY AREAS OF ACCOUNTABILITY

A. Structuring and Modelling

B. Enhancing Client Relationships   

C. Working with internal partners

​ACCOUNTABILITIES DEFINED

A.  Structuring and Modelling

• Assist in accurately and efficiently responding to client pricing requests
• Structure trades in Murex, precisely incorporating trader inputs
• Model scenario analysis under various hedging strategies

B.  Enhancing Client Relationships

• Partner with FX sales to support client relationships and business development
• Support senior staff in developing value-add trade ideas that apply economic, political, and market trends
• Identify restructure opportunities for clients
• Generate presentations and help build out analytical capabilities to leverage client information

C. Working with internal partners

• Build relationships with FX sales and trading teams to maximize revenue on customer flow and experience while adhering to product and risk limits
• Coordinate with internal partners (including back office and legal) to assist in improving processes for the best client experience.

CROSS-FUNCTIONAL RELATIONSHIPS

This role requires the incumbent to interact with the following processes and/or groups:

• Canadian Commercial Banking
• Canadian Business Banking
• BMO Harris Bank (US)
• Global Markets Product Groups (Trading, XVA Desk)
• Compliance
• Legal

SCOPE AND IMPACT

This role has direct or indirect impact on the following:

The work product directly involves front-line revenue generation, impacts the growth initiatives within the Business Unit, impacts client exposures and multiple other aspects of market risk. 

The successful candidate will contribute to the team through delivery of foreign exchange strategies and strategic recommendations to clients.  This ultimately results in significant revenue generation for the Business Unit

KNOWLEDGE AND SKILLS

Knowledge:

• 2+ years experience in Foreign Exchange sales/trading with a strong understanding of FX options
• An undergraduate degree with outstanding academic achievement.
• Specific academic coursework in finance, economics, or accounting with outstanding academic achievement
• Experience with Murex or equivalent systems
• Working knowledge of Bloomberg and MS Office (Word, Power Point, Excel, and ideally VBA)

Skills:

• Excellent analytical and quantitative skills
• Highly developed written and oral communication skill
• Ability to be creative, insightful and resourceful in performance of duties
• Strong interpersonal skills used within a demanding team environment
• Strong ability to attentively review, assess, and provide detailed information daily on multiple projects in an organized manner
• Self-motivated to keep up to date on product knowledge and share ideas with the sales 

The salary for this role is #120,000.00 CAD

Salary:

Pay Type:

Salaried

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