Trade and Risk Analyst

This is a fully remote position, open to applicants in Canada.

📋 Description

• Analyze and assess intricate orders related to equity, options, mutual funds, GICs, fixed income, and foreign exchange for approval, modification, restriction, rejection, or escalation.

• Serve as a gatekeeper and the initial line of defense by balancing client service with operational, financial, regulatory, market, and reputational risks.

• Evaluate liquidity, trading volume, volatility, concentration, and price sensitivity on large or atypical orders.

• Execute complex margin and buying power calculations across multi-leg option strategies, concentrated positions, and leveraged accounts.

• Detect excessive leverage, margin shortfalls, under-equity situations, and declining account conditions; advise or implement restrictions.

• Reach out to clients concerning margin calls, cash debits, credit sellouts, loan conditions, FX risk, and account limitations.

• Oversee option lifecycle risks, including exercise and assignment notifications and expiry report evaluations.

• Investigate and manage corporate action risks, including reverse splits and reorganizations.

• Track and resolve order rejections, trade breaks, and transactions that are unfilled or incorrectly recorded.

• Monitor accounts for signs of fraud, wash trading, unauthorized trading, market manipulation indicators, and inappropriate trading activities.

• Adhere to CIRO requirements, internal policies, AML, privacy, and consumer protection duties.

• Identify control deficiencies, system flaws, and process vulnerabilities; assist in enhancing controls.

• Conduct root cause analyses on recurring exceptions, client-impacting incidents, and control failures.

• Act as a TMD subject matter expert on strategic platform, margin, order management, and risk-control initiatives.

• Define requirements, assess solutions, and perform user acceptance testing.

• Review and suggest updates to procedures, job aids, and control documentation.

• Collaborate with Credit, Risk, Margin Lending, Equity Desk, Compliance, Technology, InvestorLine frontline, and support teams.

• Mentor new hires and coach team members on challenging orders.

• Assist Audit, Compliance, Legal, and Operational Risk assessments with transaction evidence and documented analysis.

• Accurately document decisions, calculations, client communications, and actions taken.

• Use discretion when escalating issues to management, Credit, Compliance, or trading desks.

• Independently handle complex, time-sensitive, and non-routine tasks in a high-volume setting.

• Protect sensitive information pertaining to the Bank, customers, transactions, and employees.

• Implement BMO’s Risk Management Framework, Risk Culture, and approved Risk Appetite.

⛳️ Requirements

• Typically require 4–6 years of relevant experience.

• Post-secondary degree in a related field or an equivalent combination of education and experience.

• Completion of the CSC, CPH and DFOL, or CIRO-administered CIRE and Derivatives examinations.

• At least one year of relevant experience gained after achieving these qualifications.

• Comprehensive knowledge of BMO InvestorLine products, the order and trade lifecycle, brokerage operations, and related trading systems.

• Advanced understanding of equities, options and multi-leg strategies, fixed income, margin and buying power calculations, concentration risk, and credit exposure.

• Strong grasp of Canadian securities regulation, CIRO requirements, AML, privacy, internal controls, and operational risk principles.

• Ability to manage substantial volumes of work and data, prioritize competing risks, and maintain accuracy under time-sensitive conditions.

• Proficient with proprietary trading applications, MS Office, and macros.

• Capability to multitask in a fast-paced environment.

• Excellent verbal and written communication skills.

• Strong analytical and problem-solving abilities.

• Exceptional collaboration and teamwork skills.

• Strong influence skills and data-driven decision-making capabilities.

🏝️ Benefits

• Performance-based incentives.

• Discretionary bonuses.

• Health insurance.

• Tuition reimbursement.

• Accident and life insurance.

• Retirement savings plans.

• Comprehensive training and coaching.

• Support from management.

• Opportunities for networking.

• Accommodations available upon request.