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Posted 12 days ago

Associate, Quantitative Modeling

@ Bank of Montreal

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Toronto, Ontario

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Overview

Bank of Montreal (BMO Capital Markets) is hiring an Associate, Quantitative Modeling to test valuation models used by Global Markets trading desks and write their documentation. The work covers model testing, technical writing, performance monitoring and liaison with risk groups. The posting states a base salary of $120,000 CAD, with a salary range of $65,000 to $140,000 across locations and experience.

Responsibilities:

  • Design and execute tests on valuation models for trading desks
  • Write comprehensive model documentation and test analysis
  • Interact with Model Risk Management, Product Control and Market Risk
  • Execute ongoing model performance monitoring and reporting
  • Support business activities for model risk management

Requirements summary:

  • University degree, preferably advanced, in a technical field
  • Advanced knowledge of quantitative finance across asset classes
  • Strong technical writing ability
  • Detailed understanding of SR11-7 and E-23 guidance
  • Python or C++/C# proficiency is an asset

Tools & skills

PythonC++C#

Benefits mentioned

Health insuranceLife insuranceRetirement planTuition support
Source and dates

Employer career site / ATS feed · phenom

Employer posting date
2026-10-25
First seen by our source
2026-10-26
Source record updated
2026-10-26

These dates describe the source record, not a live verification that the employer is still hiring. Check the original posting.

Job details

SeniorityEntry level
DepartmentData & analytics
Travelair: none · ground: none
Work settingOffice
PositionMostly sitting
Physical demandsphysical low · computer high
LanguagesEnglish
EducationBachelor’s degree (required), Master’s degree (preferred)
Fields of studyMathematics, Mathematical finance, Physics, Engineering, Computer science
Perks mentionedRetirement plan, Tuition support, Performance bonus

Summary and details written by AI from the posting; the employer’s posting is the authority.

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Bank of Montreal

Saved company profile

Historical company information from a saved The Jobs API profile (LinkedIn/Crunchbase fields). It is not live-verified; figures may have changed. Missing values remain unknown.

Full company description

We’re a bank, but there’s more to it than that. ​ When you join BMO, it opens a world of opportunities. This is a team that's committed to helping you succeed – personally and professionally. Because at BMO, when you grow, we grow. ​ You know your worth and so do we. That’s why we offer the right mix of learning programs, on-the-job experiences, and opportunities to build personal and professional connections – so you can build a meaningful career and thrive as a part of a winning culture.  ​ Sound like your kind of place? Then we should be co-workers.

LinkedIn followers
529,147
People associated on LinkedIn
59,168
Reported office locations
  • First Canadian Place, 100 King Street, Toronto, ON M5X 1A1, CA
  • 111 W Monroe St, Chicago, IL 60603, US
Business categories
  • Wealth Management
  • Finance
  • Banking
  • Financial Services
  • Crowdfunding
Other recorded names
  • Bank of Montreal
  • BMO
Specialties
  • Personal Banking
  • Commercial Banking
  • Wealth Management
  • Capital Markets
  • and Asset Management
Profile identifies a recruitment agency
No
Reported total investment
8,114,072,573

Currency and observation date were not supplied; this is not a current valuation or a funding round.

View all jobs Website

We’re a bank, but there’s more to it than that. ​ When you join BMO, it opens a world of opportunities. This is a team that's committed to helping you succeed – personally and professionally. Because at BMO, when you grow, we grow. ​ You know your worth and so do we. That’s why we offer the right mix of learning programs, on-the-job experiences, and opportunities to build personal and professional connections – so…

FieldValue
IndustryFinancial Services
Company size10,001+ employees
HeadquartersToronto, ON
Organization typePublic Company
SpecialtiesPersonal BankingCommercial BankingWealth ManagementCapital Marketsand Asset Management
Open jobs on Jobsy965
LinkedInView page
Job description

Application Deadline:

11/29/2026

Address:

100 King Street West

Job Family Group:

Data Analytics & Reporting

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

As part of the Quantitative Modeling team, the successful candidate will perform a wide range of activities related to the life cycle of mathematical/computational models developed and/or owned by Global Markets Engineering and used within BMO Capital Markets. Specific duties will include:


  • Designing and executing tests on valuation models and tools developed by Quantitative Modeling for use by Global Markets trading desks across multiple asset classes.
  • Writing comprehensive model documentation containing technical details of the model methodology, analysis of test results and other relevant information.
  • Interacting with groups outside of Global Markets, such as Model Risk Management, Valuation Product Control and Market Risk, on model-related topics.
  • Executing processes for ongoing model performance monitoring and reporting key performance metrics.
  • Support various other business activities related to the effective management of model risk.

Knowledge and Skills


  • A university degree, preferably an advanced degree in a technical field (mathematics/mathematical finance, physics, engineering, computer science, etc.)
  • Broad knowledge of quantitative finance at an advanced level and across all asset classes.
  • Strong technical writing ability.
  • Detailed understanding of regulatory guidance on model risk management, as outlines in the Fed/OCC SR11-7 and OSFI E-23 working papers.
  • Proficiency in software development (Python, C++ / C#) is a definite asset.
  • Able to present technically complex information in a clear and concise manner.
  • Strong analytical and problem solving skills.
  • Strong project management skills, with the ability to prioritize competing responsibilities in a fast-paced work environment.
  • Detail- and results-oriented, able to exercise independent thought and adapt to new tasks quickly.

Salary:
Please note the base salary for this role is $120,000 CAD.

Salary:

$65,000.00 - $140,000.00

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.

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