Vice President, E-Trading Risk and Control

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BMO Capital Markets is a leading, full-service financial services provider offering corporate and investment banking, treasury management, as well as research and advisory services to clients globally. We are seeking an Associate to join our Electronic Trading Risk & Control team. This role is pivotal in supporting the key activities and governance framework for Markets, Venues, and Connections (MVC), Financial Market Infrastructure (FMI), Algorithmic Trading, and Electronic Trading within BMO Capital Markets.

Key Responsibilities:

Control Framework Support

• Assist in the implementation and execution of a control framework specific to onboarding new electronic MVCs, and FMI ensuring alignment with industry best practices and regulatory requirements.

• Assist in the implementation and execution of the Algorithmic and Electronic Trading governance frameworks

• Support enhancements to existing policies, procedures, and controls to effectively monitor and manage on-venue trading activities.

Governance Oversight:

• Participate in the governance process for on-venue trading, ensuring all new venues adhere to established guidelines and risk parameters.

• Collaborate on maintaining governance structures that facilitate effective decision-making and accountability within the trading division.

Regulatory Compliance:

• Stay informed of relevant regulatory developments and assist in ensuring compliance with applicable laws and regulations through the governance frameworks.

• Work with compliance and project teams to support the development and implementation of training programs for traders and other stakeholders on regulatory requirements and company policies.

Reporting:

• Assist in the preparation of regular reports on trading controls, governance issues, and compliance status for senior management and relevant stakeholders.

Operational Risk Management:

• Support post-incident reviews to identify root causes and assist in implementing corrective actions to prevent recurrence.

• Map and analyze trade data and processes to identify and analyze potential gaps or opportunities.

Stakeholder Engagement:

• Collaborate with cross-functional teams, including trading, technology, global markets engineering, trade floor supervision, compliance, operational risk, and audit, to promote a culture of governance and control.

• Serve as a key point of contact for internal and external stakeholders regarding on-venue trading governance and control matters.

Required Education & Skills:

• Post-Secondary degree in Economics, Business, Finance, or other Commerce related program.

• 5-10 years of relevant experience in electronic trading, risk management, or related financial services roles.

• Strong analytical skills and attention to detail.

• Excellent verbal and written communication skills.

• Experience with change management and the ability to work collaboratively in a cross-group setting.

• Ability to manage ambiguity and work independently.

• Familiarity with data-driven decision-making processes..

Base Salary Range:

The salary range for this role is $100,000 - $120,000 CAD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements).

Salary:

Pay Type:

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. 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 Group's expected target for the first year in this position.

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. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: 

About 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. 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

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. 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.