Vice President, Energy Trading

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BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

Position Description

We have the unique opportunity for a VP/Director, Commodities Trading to join our Energy group in North America. The broad mandate to grow market share in Commodities will require the candidate to utilize knowledge of physical and financial energy markets to price, execute and manage natural gas and/or crude oil derivatives for BMO’s corporate and investor client base. This role includes direct responsibility for executing trades, actively managing linear and non-linear risk, and running/maintaining fundamental models. The candidate also identifies opportunities for increased efficiency and improved service to internal and external clients and implements positive change within the business unit.

Group Overview

The Commodities Trading group is a team within Global Markets’ Global Origination team responsible for managing and executing hedging and financing transactions for BMO’s investor, corporate and commercial clients. Working closely with the Global Client Coverage (GCC) group as well as investment, corporate and commercial banking, the team serves as product experts with a coverage universe including fixed price swaps, basis, options, and exotic derivatives.

Key Areas of Accountability

Skills:

• Minimum 5 years experience at a bank, trade shop, market-maker or hedge fund managing an active book of Energy Derivatives
• Excellent communication skills (written and verbal) including listening, understanding, and responding
• Expertise in financial computer applications including MS Excel, VBA, and Bloomberg. Strong proficiency in other Microsoft Office products.
• Able to exercise independent thought and judgment under limited supervision and to adapt to new tasks with little notice
• Creative, insightful and eager to learn

Knowledge:

• Demonstrates strong knowledge of Energy markets - financial and physical
• Thorough knowledge of derivatives including options
• Knowledge of banking and risk concepts as well as derivative regulations
• Current on existing and emerging Energy Industry trends in Canada and the U.S.
• Relevant experience and passion for working in a market making, direct client-facing role

Transaction Modelling & Financial Analysis:

• Use abilities in financial analysis to communicate effectively and succinctly with GCC and clients to facilitate deals
• Develop marketing ideas and help initiate transactions through appropriate presentation of financial data
• Understand all software systems for trading and pricing transactions
• Develop, maintain, and build out fundamental models

Collaboration:

• Be a strong partner and collaborator with the Commodities Team to share market information and solve problems
• Build relationships with product partners across Global Markets to provide/solicit cross-product mandates for new opportunities
• Continuously coaching and mentor Analysts and Associates
• Ensure high levels of client satisfaction through strong cross-department coordination with the following groups:
  • I&CB and P&C Coverage and Portfolio Management
  • Other Global Markets Groups
  • Cross-Business Risk and Cross-Business Structuring
  • Documentation & Legal
  • Market Risk
  • Client Onboarding
  • Compliance

Compensation and Benefits:

$150,000 - 175,000 CAD

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: https://jobs.bmo.com/global/en/Total-Rewards

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/ca/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. 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.