Bmo Capital Markets - Global Markets Developer (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 Equities & Financing Solutions, Global Markets HQ, Digital & Liquid Trading, Global Structured Products Trading, and Financial Resource Management, 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 HQ
• Global Equities & Financing Solutions
• Global Structured Products Trading
• Financial Resource Management
• Digital & Liquid Trading

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

Responsibilities:

Candidates will have the opportunity to work on solving interesting and challenging problems using their programming skills in a dynamic and stimulating environment. These assignments will vary widely from day to day based on the needs of the business and the current market environment.

Responsibilities may include:

• Creating fully functional and reproducible machine learning pipelines;
• Developing front-end web applications and UI software that provides traders a platform to easily interact with different trading tools, and visualize results in real-time to facilitate orders, capture trades, and manage positions and risks;
• Executing full lifecycle software development.
• Work on bespoke projects requiring market, portfolio, or client research and data analytics;
• Development and deployment of business solutions such as pricing and risk models;
• Creating and maintaining trading tools to analyze large amounts of market and trading data, and produce real-time analytics critical to business decision making;
• Improving on existing technology involving system infrastructure, internal reporting, client/management presentations, etc.;

Qualifications:

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

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

Technical Skills:

• Familiarity with data manipulation and strong quantitative/statistical background;
• Familiarity with data science (machine learning research), automation or other emerging technologies in the field of AI;
• Knowledge and/or experience of at least one type of statistical programming language (i.e. R, MatLab);
• Database experience (SQL, Oracle);
• Fluency in Excel, including VBA including scripting and efficient spreadsheet design;
• 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);
• Knowledge in web application development (React, Angular) and familiarity with modern UX design principles;
• Strong technical writing ability.

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:

• Transcript (Required for application review - please upload it in the resume section when applying in BMO’s Workday application system)
• Resume

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:

• Coordinates conference calls, client events and meetings.
• 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.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Verbal & written communication skills - In-depth.
• Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
• Specialized knowledge from education and/or business experience.
• Able to read, analyze, and interpret general business periodicals, investment and financial reports.
• Strong familiarity with Outlook, Excel, Reuters Plus, Bloomberg, public finance/business news websites is desired.
• Communicates market data and client changes to colleagues when they are on the road or in meetings.
• Thinks creatively and proposes new solutions.
• Influence skills - In-depth.
• Focus may be on a business/group.
• Answers phones, file, fax, and coordinates meeting and travel arrangements.
• Helps manage the flow of inquiries, market data, and other information from clients. Routes client calls appropriately and responds quickly to client questions.
• 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.).
• 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.
• 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.
• Reads, analyzes and interprets common technical journals, financial reports, and legal documents in order to better serve client needs.
• Provides feedback on, and, supports continuous improvement opportunities.
• Considers risk, internal controls and compliance as part of day-to-day accountabilities and adheres to policies and procedures.
• Responds to requests for information from both internal and external sources.
• Responds to inquiries from clients, regulatory agencies, or members of the business community in a professional manner and determines acceptable solutions.
• Works mostly independently.
• Develops strong market knowledge to provide comprehensive service to clients, develop new solutions, and construct compelling recommendations.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Analytical and problem solving 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.
• Develops an understanding of and proficiency in using all required systems and models.
• Broader work or accountabilities may be assigned as needed.
• Familiarity with institutional equity markets.
• Verifies that all confirms on trades or sales are accurate and promptly delivered.
• Communicates transaction details to the brokerage community and custodians. Resolves settlement issues related to incorrect billing.
• Builds effective relationships with internal/external stakeholders.
• Series 7, 63 licenses.
• Collaboration & team skills - In-depth.
• Defines problems, collects data, establishes facts, and draws valid conclusions.
• Seeks to develop an understanding of client needs and outcomes.
• 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.
• I-Star familiarity.
• Cultivates strong relationships with the research team in order to understand their industries and stock coverage.

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.