Vice President or Director, FX/STIR Trading at BMO | New York, NY, US | Rezi

Vice President or Director, FX/STIR Trading at BMO

Vice President or Director, FX/STIR Trading

BMO · New York, NY, US

3 weeks ago

Vice President or Director, FX/STIR Trading

BMO · New York, NY, US

a month ago
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About the Role

The Director or Vice President of FX/STIR Trading will provide markets-based trading solutions to Institutional, Corporate, and Retail clients, offering integrated capabilities for market insight, risk management, and execution services. This role focuses on maximizing profit while minimizing the bank's exposure and adhering to regulatory statutes, with primary responsibility for pricing FX, Short-Term Interest Rates (STIR), and cross-currency basis for G10 currencies.

Responsibilities

  • Provide pricing in FX, Short-Term Interest Rates (STIR), and cross-currency basis for G10 currencies to FX and Rates sales teams across North America and Europe.
  • Manage risk across all STIR, FX, and basis positions during NA trading hours.
  • Deliver competitive pricing to sales teams to support and enhance the profitability of BMO’s FX business.
  • Strengthen BMO’s market share and franchise with both regional and global clients in its core markets, while operating within established risk parameters.
  • Collaborate with and support colleagues across other offices and trading product groups.
  • Mentor junior trading and sales staff.
  • Contribute broadly to the continued development of BMO’s Global franchise.
  • Serve as a key member of the deal team, driving sector penetration, client engagement, and profitability.
  • Develop and deepen relationships with existing and prospective clients through expertise in financial markets and tailored solutions.
  • Manage a trading book, including responsibility for risk, P&L, pricing, and position limits.
  • Manage FX Forward and STIR risk positions, including outright delta, relative value opportunities, basis trading, and curve positioning, while optimizing risk-adjusted returns within approved limits.
  • Identify cross-selling opportunities and expand share of wallet through a comprehensive understanding of client needs.
  • Partner closely with Sales, Research, and other stakeholders to deliver seamless client coverage and market insights.
  • Anticipate evolving client needs and provide strategic, innovative, and client-focused solutions.
  • Negotiate transaction terms using market intelligence, analytics, and internal expertise.
  • Enhance the client experience by leveraging the full breadth of the firm's capabilities and resources.
  • Produce and interpret financial, market, and risk analyses to support client activity and business decisions.
  • Ensure compliance with risk, regulatory, and control frameworks while maintaining prudent management of the Bank's exposure.
  • Drive revenue growth, capital optimization, and operational efficiencies through proactive identification of opportunities.
  • Evaluate risk-return trade-offs effectively and take accountability for risks assumed.
  • Act as a subject matter expert and trusted advisor to senior leaders and stakeholders across the organization.
  • Apply sound judgment, creativity, and expertise to solve complex, ambiguous, and non-routine business challenges.

Requirements

  • Typically 5+ years of relevant experience.
  • Post-secondary degree in a related field of study or an equivalent combination of education and experience.
  • Thorough knowledge of capital markets, pricing, and trading/hedging strategies.
  • Familiarity with a variety of the field’s concepts, practices and procedures and various capital markets products.
  • Strong understanding of trading procedures and broader regulatory and financial concepts.
  • Able to manage ambiguity.

Skills

  • FX spot and forward markets expertise.
  • Proficiency in trading rates and FX.
  • Quantitative analysis skills.
  • Technology skills.
  • Financial analysis skills.
  • Risk management skills.
  • Fundamental analysis skills.
  • Leadership abilities.
  • Verbal & written communication skills - In-depth / Expert.
  • Analytical and problem solving skills - In-depth / Expert.
  • Influence skills - In-depth / Expert.
  • Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
  • Data driven decision making - In-depth / Expert.

Location

  • 151 W 42nd Street

Work Type

  • Full-time

Experience Level

  • Director
  • Vice President
  • 5+ years

Education Level

  • Post-secondary degree in Accounting/Economics/Mathematics/Statistics
  • CFA preferred

Salary/Compensations

  • USD $260,000 (Vice President)
  • USD $275,000 (Director)

Benefits

  • Health insurance
  • Tuition reimbursement
  • Accident and life insurance
  • Retirement savings plans

About the Company

  • BMO Capital Markets is a leading, full-service North American-based financial services provider offering equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading.
  • BMO Capital Markets has over 2,700 professionals in 30+ locations around the world, including 20 offices in North America.
  • BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$1.1 trillion total assets and approximately 53,000 employees as of October 31, 2025.
  • BMO is driven by a shared Purpose: Boldly Grow the Good in business and life.
  • BMO is the 8th largest bank in North America by assets.
  • More than 12 million customers count on BMO for personal and commercial banking, wealth management and investment services.

Equal Opportunity

  • BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics.
  • We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
  • BMO is committed to working with and providing reasonable accommodations to individuals with disabilities.