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Financial Engineer, Quantitative Investment - BMO Global Asset Management

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BMO

Aug 2

  • Job
    Full-time
    Expert / Leadership (9+ years)
  • Quick Apply

AI generated summary

  • You must possess strong quantitative skills, proficiency in financial modeling, programming expertise, and a solid understanding of investment strategies and risk management.
  • You will develop quantitative models, analyze financial data, implement investment strategies, and assess risk to optimize portfolio performance.

Requirements

  • - University graduate in Computer Science, Mathematics, Engineering or any Science degree and have a post graduate degree
  • - A minimum 10 years of financial engineer experience
  • - Expert level programming skills
  • - Expert level asset valuation knowledge
  • - Excellent working knowledge of global financial markets, products, and investment strategies
  • - Expert level programming in C#, C+, Python etc.
  • - Expert level functional programming experience and relational databases
  • - Modern software and system design patterns
  • - Strong modelling and quantitative analytics skills
  • - Collaboration & team skills – in-depth
  • - Analytical and problem solving skills - In-depth
  • - Influence skills - In-depth

Responsibilities

  • Model and application development
  • Act as the subject matter expert of pricing models and analysis around it. Requires candidates to have expertise knowledge on all financial instruments and markets.
  • Build up tools of pricing, Greeks and P&L attribution.
  • Build up tools and applications for portfolio manager to streamline day to day portfolio management workflows.
  • Research and build up advance analysis on portfolio performance and insight.
  • Demonstrates strong modelling skills in enhancement of current framework and innovation of new solutions.
  • Demonstrates strong emphasis in risk monitor and risk management within the context of portfolio management.
  • Support broader ETF and structured solutions team by designing and building up tools and applications across the board.
  • Continuously improving the operational efficiencies of the PM/Trading process.
  • Maintain and optimize existing quantitative investment platform
  • Maintain existing quantitative investment platform including data base, scripts, portfolio optimization and performance attribution process and report.
  • Optimize existing process for efficiency and better performance.
  • Collaborate with portfolio managers to enhance existing analytics and build out new advanced analytics.
  • Investment Research
  • Provide investment analysis to the portfolio management.
  • Provide investment analysis on new product launches and existing products.
  • Assistant in the development and implement new quantitative investment strategies.
  • Implement model enhancement and new models in existing platform.
  • Broader work or accountabilities may be assigned as needed.
  • Join a culture that continuously looks to mitigate operational risk.
  • Conducts investment research to support portfolio and business objectives, including researching managers and/or performing fundamental, quantitative, or credit research that supports portfolio management and the development of new investment strategies. Works closely with Portfolio Managers and the portfolio management team to capture research in the portfolio management process.
  • Become a subject matter expert of financial engineering.
  • The role has significant influence with the portfolio manager, who is the decision making authority on trade execution and portfolio construction.
  • Accountable for the day-to-day portfolio management workflow under their responsibility.
  • Accountable for designing and developing the best in practice desk workflow tools and analytics tools.
  • Accountable for minimizing operational risk.
  • Broader work or accountabilities may be assigned as needed.
  • Part of a team that manages over $70billion CAD in AUM across 100 plus mandates including ETFs, mutual funds, institutional segregated funds and overlay strategies.
  • Individual trade decisions, potentially spanning several investment styles, have a monetary impact from $1 million to greater than $100 million per trade.
  • Investment performance has a meaningful impact of LoB reputation and thereby influences the ability of the organization to achieve its growth and profit goals.

FAQs

What is the job title for this position?

The job title is Financial Engineer, Quantitative Investment.

Where is the job location?

The job is located at 100 King Street West, Toronto, Ontario, M5X 1A1.

What are the main responsibilities of the Financial Engineer?

The main responsibilities include model and application development, maintaining and optimizing the existing quantitative investment platform, and conducting investment research.

What qualifications are required for this position?

A university degree in Computer Science, Mathematics, Engineering, or any Science degree, a post-graduate degree, and a minimum of 10 years of financial engineering experience are required.

What programming languages should candidates be proficient in?

Candidates should have expert level programming skills in C#, C++, Python, and experience in functional programming and relational databases.

What is the salary range for this position?

The salary range for this position is $117,600.00 - $218,400.00.

What type of employment contract is offered?

The position is salaried.

What benefits are offered to employees?

Benefits include health insurance, tuition reimbursement, accident and life insurance, retirement savings plans, performance-based incentives, and discretionary bonuses.

Is there an emphasis on risk management in this role?

Yes, there is a strong emphasis on risk monitoring and risk management within the context of portfolio management.

What are the expected outcomes for the portfolios managed by this team?

The team manages over $70 billion CAD in assets under management (AUM) across over 100 mandates, and individual trade decisions can have a monetary impact from $1 million to greater than $100 million per trade.

Does BMO support diversity and inclusion in the workplace?

Yes, BMO is committed to an inclusive, equitable, and accessible workplace, valuing differences and learning from each other's perspectives.

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BMO

Finance
Industry
10,001+
Employees
1817
Founded Year

Mission & Purpose

At BMO, banking is our personal commitment to helping people at every stage of their financial lives. The truth is, people’s needs change: so we change too. But we never change who we are. Which means we’ll never waiver from providing our customers the best possible banking experience in the industry. Our incredible team of over 46,000 people is just the tip of the iceberg. You should get to know us. We’re here to help.