Global Markets Analyst (Commodity Derivatives - Calgary) (Winter 2025)

Application Deadline:

10/27/2024

Address:

525 8th Ave SW East Tower

Job Family Group:

Capital Mrkts Sales & Service

BMO Capital Markets

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 2,800 professionals in 35 locations around the world, including 23 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$924 billion total assets and approximately 57,000 employees as of April 30, 2023.

Program Overview:

Winter Analysts work in the Global Markets Group of BMO Capital Markets, comprising Client Coverage, Origination, Digital and Liquid Trading, Structured Products Trading, Equity Products, and Financial Resource Management. Global Markets serves institutional, corporate, and government clients.

A variety of desks host Winter Analysts including Equity Sales and Trading, Clearpool E-trading, Prime Finance, Structured Notes Sales and Trading, Leveraged Finance, Securitized Products Sales and Trading, Origination, Debt Capital Markets, and US Interest Rates Sales and Trading.

Winter co-ops will work on one desk in Global Markets over a 14-week period. With a specific role available in Calgary for the winter term, the potential candidate would work on the commodity derivatives desk in Calgary and will work alongside a team of energy professionals in fast paced and competitive environment.

Throughout the term there will be opportunities for continuous professional development activities. These activities include teach-ins, trading games, meetings with senior leaders, and networking events with both peers and Senior Leadership.

Desk Specific Description:

BMO’s Energy commodities market making desk (market maker is defined as a liquidity provider that both buys and sells tradeable assets in a given market) serves clients primarily based in Canada and the US. Four commodity market professionals are based in Calgary with additional team members across Toronto, London, New York, and San Francisco.

• Serve clients across the energy value chain: upstream (producers), midstream (pipelines & infrastructure), downstream (refining), and end use consumers
• Ability to transact in multiple commodities including Crude Oil, Natural Gas, and Refined Products (both financially and physically)
• Tailor structures and products to client needs with varying complexity, including fixed price swaps, basis swaps, option structures, inventory finance and storage

Responsibilities:

Winter co-ops are fully integrated into an assigned desk, in this case the Calgary Energy Sales and Trading desk. Responsibilities will vary widely from day to day based on the needs of the business and the current market environment. Depending on the assigned desk, co-op skill set, and business needs, responsibilities may include:

• Development and deployment of business solutions such as pricing and risk models
• Market data capture and display, spreadsheet development
• Providing insight into trading strategies leveraging quantitative modelling
• Improving on existing technology involving system infrastructure, internal reporting, client/management presentations, etc.
• Bespoke projects requiring market, portfolio, and/or client research and data analytics
• Creating client presentation materials using PowerPoint and Excel
• Developing client trade ideas
• Planning/supporting client events
• Recapping and organizing market data and events
• Shadowing and learning from Trading, Sales, and Strategy professionals

Desk Specific Responsibilities:

Winter Co-Op term will be focused on analysis of market fundamentals as it relates to global and Canadian crude oil and gas markets, along with daily responsibilities and ad hoc projects. Fundamentals analysis will be used to inform the decision making of sales and trading as well as BMO’s clients. Specifically, the candidate will be expected to (with the help of the sales & trading teams) work on the following initiatives:

Review and organize existing models Buildout Canadian Crude data feeds using existing third-party subscriptions and web scrapes when necessary Beyond the work on energy fundamentals, the candidate will also be responsible for assisting with the maintenance and distribution of existing marketing infrastructure, pitch books, and market analysis

Qualifications:

We are looking for highly motivated individuals who can work well in a competitive, market-driven, team-based environment and seek a challenge. Global Markets encompasses a diverse group of individuals with a variety of skill sets and job functions. We look to create a diverse co-op class that can fit into different roles across Global Markets.

Required Qualifications:

• Currently enrolled in an undergraduate or Master’s program with a graduation date of Spring 2026 or onwards
• Strong academic record –minimum 3.4/4.0 GPA  
• Extracurricular achievement;
• Demonstrated interest in and knowledge of financial and/or energy markets;
• Excellent research and analytical skills, able to collect, analyze and interpret data;
• Strong interpersonal skills used within a demanding team environment;
• Demonstrated proactivity, resiliency, positive attitude and high motivation;
• Strong written and oral communication skills;
• Ability to attentively review, assess and provide detailed information daily on multiple projects in an organized manner;
• Excellent capacity to independently function as part of a team through self -motivation;
• Strong work ethic and a high level of professional integrity;
• Detail and results orientated.

Additional Preferred Technical Qualifications:

• Currently working towards a degree in: Finance, Engineering, Actuarial Science, Computer Science, Mathematics, Physics, or Statistics;
• Knowledge and/or experience of front-end developer languages (HTML, CSS, JavaScript, React, Angular);
• Knowledge and/or experience in back-end developer languages (C++, C#, Java, Python, VBA);
• Knowledge and/or experience of at least one type of statistical programming language (i.e. R, MatLab);
• Database experience (SQL, Oracle);
• Familiarity with data manipulation and strong quantitative/statistical background;
• Understanding of mathematical models;
• Fluency in Excel, including scripting and efficient spreadsheet design;
• Strong technical writing ability.

How to Apply:

For your application to be eligible for consideration, you must apply to both your career center posting and the BMO link application link.

Please ensure the following items are submitted in your application:

• Cover Letter (optional)
• Resume
• Transcript with GPA

The campus job description above aligns to the full time job description below.

Provides a markets-based suite of sales and trading solutions to Institutional, Corporate, and Retail clients. Offers a full spectrum of integrated capabilities to deliver leading market insight, risk management, and execution services to issuing and/or investor clients, including access to major global markets across asset classes including: debt, foreign exchange, interest rate, credit, equity, securitization, and commodities. Provides competitive pricing to all clients and seeks out new opportunities with prospective clients. Maximizes profit while prudently minimizing the bank’s exposure and adhering to regulatory statutes.

• Acts as point person to provide client support in the form of proposals, marketing material, event planning, and scheduling with the cooperation of trading and sales, research, and marketing and with the support of a senior leader.
• Responds to inquiries from clients, regulatory agencies, or members of the business community in a professional manner and determines acceptable solutions.
• Helps manage the flow of inquiries, market data, and other information from clients. Routes client calls appropriately and responds quickly to client questions.
• Seeks to develop an understanding of client needs and outcomes.
• Coordinates conference calls, client events and meetings.
• Maintains a proactive, client service focus in order to meet their needs and increase revenue; contacts customers to present available investment services and develops client prospects from among current customers, referral leads and other sources.
• Verifies that all confirms on trades or sales are accurate and promptly delivered.
• Communicates transaction details to the brokerage community and custodians. Resolves settlement issues related to incorrect billing.
• Answers phones, file, fax, and coordinates meeting and travel arrangements.
• Develops strong market knowledge to provide comprehensive service to clients, develop new solutions, and construct compelling recommendations.
• Reads, analyzes and interprets common technical journals, financial reports, and legal documents in order to better serve client needs.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Cultivates strong relationships with the research team in order to understand their industries and stock coverage.
• Uses analytical skills (probability, statistical inference, etc.) and applies appropriate technical concepts and completes/leads consistent and reliable technical and financial reports/analyses to support client deliverables.
• Defines problems, collects data, establishes facts, and draws valid conclusions.
• Develops an understanding of and proficiency in using all required systems and models.
• Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
• Executes a variety of administrative and analytical tasks as assigned and with minimal supervision (e.g. procedural documentation, brokerage and client commission reporting, maintenance of contacts database, disaster recovery planning, tracking and updating of periodic trading or sales metrics, etc.).
• Administers all aspects of the sales and or trading desk, record keeping, reporting, and file maintenance in accordance with internal controls and compliance policies and external regulations.
• Responds to requests for information from both internal and external sources.
• Communicates market data and client changes to colleagues when they are on the road or in meetings.
• Provides feedback on, and, supports continuous improvement opportunities.
• Considers risk, internal controls and compliance as part of day-to-day accountabilities and adheres to policies and procedures.
• Focus may be on a business/group.
• Thinks creatively and proposes new solutions.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works mostly independently.
• Broader work or accountabilities may be assigned as needed.

  Qualifications:

• Typically between 3 - 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Familiarity with institutional equity markets.
• Series 7, 63 licenses.
• Able to read, analyze, and interpret general business periodicals, investment and financial reports.
• Strong familiarity with Outlook, Excel, Reuters Plus, Bloomberg, public finance/business news websites is desired.
• I-Star familiarity.
• Specialized knowledge from education and/or business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.

Please note the salary for this specific position is $95,000 CAD.

Salary:

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

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.