Vice President & Quantitative Analyst (Strat) – Commodity Pricing & Position 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.

Position Overview

We are seeking a highly skilled and motivated Quantitative Analyst (Strat) to design, build, and maintain models and tools for commodity pricing and position management. The role will begin with .Net and Excel-based development and transition into working with our engineers to build scalable web applications. The ideal candidate will have a strong technical background, deep understanding of commodity markets, and the ability to work closely with trading and risk teams.

Key Responsibilities

• Develop and maintain .Net based mathematical finance library for commodity models.

• Develop and maintain Excel-based pricing models and position tracking tools.

• Utilize the in-house engineering framework to build web-based or GUI applications for the trading desk.

• Automate data workflows and integrate external/internal data sources.

• Collaborate with traders, risk managers, and IT to gather requirements and deliver solutions.

• Ensure tools are robust, scalable, and aligned with trading strategies and risk policies.

• Document models, workflows, and application architecture.

Qualifications

Required Qualifications

• Bachelor’s or graduate degree in Physics, Engineering, Computer Science, Mathematics or related field.

• 2+ years of experience in a strat, quant, or developer role within commodities or related asset class.

• Solid understanding of commodity markets and pricing methodologies.

• Strong proficiency in Excel (including VBA).

• Programming experience in Python or C#.

• Excellent communication and problem-solving skills.

Preferred Qualifications

• Programming experience in JavaScript and familiarity with web frameworks.

• Familiarity with SQL and relational databases.

• Experience with ETRM systems (e.g., Endur, Openlink).

• Knowledge of risk metrics (VaR, Greeks) and curve construction.

Salary

Please note the base salary for this role is $160,000 CAD.

Pay Type

Salaried

Benefits

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.