Quantitative Modeling

3 weeks ago


London, UK, United Kingdom BMO Capital Markets Full time

The position is responsible for the entire spectrum of quantitative, analytical, technical, and development activities for commodity metals business in Global Markets. The mandate is to provide traders, marketers, BMO CM senior management and our external control groups (Risk Reporting, Risk Oversight, Valuation Product Control, etc.) with the models, tools, analytics, reports, market data and information to effectively price, execute and hedge new transactions and to understand, monitor and manage existing risk. Tasks include:


  • Developing new mathematical and computational methods for pricing deals and managing risk and integrating models into P&L management front-office system.
  • Maintaining existing suite of models in FO analytics library.
  • Helping traders to use models in daily pricing and risk management.
  • Interacting with the groups outside of FO (MRV, MR Oversight, VPC) and facilitating their understanding and usage of FO analytics models.
  • Aggregating, organizing and analyzing market and trade data to facilitate a wide range of reporting, from high-level business overviews down to trade-level details.
  • Engaging in discussions with traders, senior management, and risk managers regarding deal modeling and pricing, hedging, risk measurement and risk management.


The role will require the following skills and aptitudes:

  • An advanced university degree is required in a technical field (mathematics, physics, statistics, engineering, computer science, etc.).
  • Minimum of 3 years of industry experience is required. If the candidate has a PhD in a technical field, 2 years of experience is required.
  • Broad knowledge at an advanced level of quantitative models.
  • Prior experience with metals products and models is a strong plus.
  • Software development experience in Python or C#, C++ and/or .NET.
  • Knowledge of Excel, including scripting and efficient spreadsheet design.
  • Excellent ability to thrive and deliver in a multi-project fast-paced environment.
  • Strong communication and inter-person skills, with the ability to deal effectively with a wide range of colleagues. This includes other technical professionals, traders, marketers, senior management, back office, and risk management.
  • Good technical writing ability.


Working conditions

This role operates within a hybrid working environment which entails balancing meaningful time spent in the office for collaboration and connection with teams based on the expectations of your business group and role, along with time spent working remotely.


We thank all applicants for their interest; however, only those selected for an interview will be contacted.


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.



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