Director, Algo Trading Risk and Ctrl

Application Deadline:

03/12/2025

Address:
100 King Street West

Job Family Group:

Business Management

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

BMO Capital Markets is looking for a Director to join their Algorithmic Trading Risk and Control team, which sits in the Office of the Chief Operating Officer within Capital Markets.

Key Responsibilities:

• Control Framework Development:
  • Uplift and help implement a comprehensive control framework specific to algorithmic trading activities, ensuring alignment with industry best practices and regulatory requirements.
  • Enhance existing policies, procedures, and controls to monitor and manage algorithmic trading activities effectively.

• Governance Oversight:
  • Lead the governance process for algorithmic trading initiatives, ensuring that all algorithmic trading strategies adhere to established guidelines and risk parameters.
  • Continue to develop and maintain the existing governance structure that facilitates effective decision-making and accountability within the trading division.

• Regulatory Compliance:
  • Stay abreast of relevant regulatory developments and ensure that the algorithmic trading function complies with all applicable laws and regulations through the governance framework
  • Collaborate with compliance teams to develop and implement training programs for traders and developers on regulatory requirements and company policies.

• Reporting:
  • Prepare and present regular reports on trading controls, governance issues, and compliance status to senior management and relevant stakeholders.

• Team Leadership and Development:
  • Lead, mentor, and develop a team of control and governance professionals, fostering a culture of accountability and continuous improvement.

• Operational Risk Events:
  • Conduct post-incident reviews to identify root causes and implement corrective actions to prevent recurrence.

• 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 algorithmic trading governance and control matters.

Required Skills:

• 7+ years of relevant experience in an algorithmic/electronic trading role, either in 1st or 2nd line (business, quantitative development, technology, COO or 1st/2nd line algorithmic/electronic trading risk management)
• Expert Program Management skills.
• Exceptional Verbal & written communication skills
• Extensive Change Management experience, particularly in the electronic trading/algo trading system complex
• Excellent Collaboration & team skills; with a focus on cross-group collaboration and ability to influence necessary changes
• Able to manage ambiguity effectively and independently
• Expert Data driven decision making

For this role, the target salary range is $150K up to $175K (subject to meeting the specific skills, experience, education, and qualification requirements)

Salary :

$84,000.00 - $156,000.00

Pay Type:

Salaried

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

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 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.