Bmo Capital Markets - Global Markets Analyst (Winter 2024)

BMO Capital Markets

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 2,800 professionals in 35 locations around the world, including 23 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$924 billion total assets and approximately 57,000 employees as of April 30, 2023.

Program Overview:

Sales & Trading Analysts work in the Global Markets Group of BMO Capital Markets, comprising Global Fixed Income, Currencies and Commodities (FICC), Global Equities & Financing Solutions (GEFS), Global Markets Engineering (GME) and Balance Sheet Solutions (BSS), serving our corporate, institutional and government clients.

Co-op Analysts are assigned to a specific Global Markets group during the 15-week program. In addition to the on-the-job experience, each intern will complete one week of training and participate in professional development sessions and events throughout the term.

Co-op students have the opportunity to join one of the following areas within Global Markets:

• Global Markets Engineering
• Global Equities & Financing Solutions
• Global Fixed Income, Currencies and Commodities
• Balance Sheet Solutions

All candidates will go through a rigorous interview process and team assignments will be made at closer to the start of the term based on previous experience, interest, and educational background.

Responsibilities:

These assignments will vary widely from day to day based on the needs of the business and the current market environment.

Responsibilities may include:

• Helping with developing insight into trading strategies leveraging quantitative modelling
• Development and deployment of business solutions such as pricing and risk models,
• Improving on existing technology involving system infrastructure, internal reporting, client/management presentations, etc.
• Work on bespoke projects requiring market, portfolio, or client research and data analytics.
• Market data capture and display, spreadsheet development

Qualifications:

We are looking for highly motivated individuals who can work well in a team based environment and seek a challenge.

• Currently working towards a degree in: Finance, Actuarial Science, Computer Science, Mathematics, Physics, or Statistics;
• A minimum cGPA of 3.4/4.0
• Demonstrated proactivity, resiliency, positive attitude and high motivation;
• Detail and results orientated.
• Minimum of two finance and accounting classes with grades “B” or higher
• Currently enrolled in an undergraduate program; graduating in Spring 2025, 2026, 2027 (applicants are typically between their second and second last co-op term);
• Ability to attentively review, assess and provide detailed information daily on multiple projects in an organized manner;
• Excellent research and analytical skills, able to collect, analyze and interpret data;
• Strong interpersonal skills used within a demanding team environment;
• Excellent capacity to independently function as part of a team through self -motivation;
• Strong academic record and extracurricular achievement;
• Strong work ethic and a high level of professional integrity;
• Strong written and oral communication skills;
• Demonstrated interest in and knowledge of financial markets;

Technical Skills:

• Understanding of mathematical models;
• Knowledge and/or experience in back end developer languages (C++, C#, Java, Python);
• Knowledge and/or experience of front end developer languages (HTML, CSS, JavaScript, React, Angular);
• Database experience (SQL, Oracle);
• Knowledge and/or experience of at least one type of statistical programming language (i.e. R, MatLab);
• Strong technical writing ability.
• Fluency in Excel, including VBA including scripting and efficient spreadsheet design;
• Familiarity with data manipulation and strong quantitative/statistical background;

How to Apply:

For your application to be eligible for consideration, you must apply to the BMO application link.

Please ensure the following items are submitted in your application:

• Resume
• Cover Letter (optional)
• Transcript (Required for application review)

The campus job description above aligns to the internal job description below.

Provides a markets-based suite of sales and trading solutions 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 asset classes including: debt, foreign exchange, interest rate, credit, equity, securitization, and commodities. Provides competitive pricing to all clients and seeks out new opportunities with prospective clients. Maximizes profit while prudently minimizing the bank’s exposure and adhering to regulatory statutes.

Qualifications:

• Broader work or accountabilities may be assigned as needed.
• Answers phones, file, fax, and coordinates meeting and travel arrangements.
• Executes a variety of administrative and analytical tasks as assigned and with minimal supervision (e.g. procedural documentation, brokerage and client commission reporting, maintenance of contacts database, disaster recovery planning, tracking and updating of periodic trading or sales metrics, etc.).
• Communicates market data and client changes to colleagues when they are on the road or in meetings.
• Verbal & written communication skills - In-depth.
• Series 7, 63 licenses.
• I-Star familiarity.
• Communicates transaction details to the brokerage community and custodians. Resolves settlement issues related to incorrect billing.
• Works mostly independently.
• Verifies that all confirms on trades or sales are accurate and promptly delivered.
• Uses analytical skills (probability, statistical inference, etc.) and applies appropriate technical concepts and completes/leads consistent and reliable technical and financial reports/analyses to support client deliverables.
• Responds to requests for information from both internal and external sources.
• Strong familiarity with Outlook, Excel, Reuters Plus, Bloomberg, public finance/business news websites is desired.
• Collaboration & team skills - In-depth.
• Focus may be on a business/group.
• Thinks creatively and proposes new solutions.
• Able to read, analyze, and interpret general business periodicals, investment and financial reports.
• Helps manage the flow of inquiries, market data, and other information from clients. Routes client calls appropriately and responds quickly to client questions.
• Familiarity with institutional equity markets.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Builds effective relationships with internal/external stakeholders.
• Develops strong market knowledge to provide comprehensive service to clients, develop new solutions, and construct compelling recommendations.
• Considers risk, internal controls and compliance as part of day-to-day accountabilities and adheres to policies and procedures.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Develops an understanding of and proficiency in using all required systems and models.
• Seeks to develop an understanding of client needs and outcomes.
• Cultivates strong relationships with the research team in order to understand their industries and stock coverage.
• Administers all aspects of the sales and or trading desk, record keeping, reporting, and file maintenance in accordance with internal controls and compliance policies and external regulations.
• Coordinates conference calls, client events and meetings.
• Specialized knowledge from education and/or business experience.
• Responds to inquiries from clients, regulatory agencies, or members of the business community in a professional manner and determines acceptable solutions.
• Typically between 3 - 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Influence skills - In-depth.
• Acts as point person to provide client support in the form of proposals, marketing material, event planning, and scheduling with the cooperation of trading and sales, research, and marketing and with the support of a senior leader.
• Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
• Reads, analyzes and interprets common technical journals, financial reports, and legal documents in order to better serve client needs.
• Maintains a proactive, client service focus in order to meet their needs and increase revenue; contacts customers to present available investment services and develops client prospects from among current customers, referral leads and other sources.
• Ensures alignment between stakeholders.
• Provides feedback on, and, supports continuous improvement opportunities.
• Defines problems, collects data, establishes facts, and draws valid conclusions.
• Analytical and problem solving skills - In-depth.

We’re here to help

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. We’ll 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, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/us/en

BMO is 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. 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.