Posted 25 days ago
Associate, Quantitative Modeling
@ Bank of Montreal
Toronto, Ontario
Overview
Bank of Montreal (BMO Capital Markets) is hiring an Associate, Quantitative Modeling, to test, document and monitor the valuation models used by its Global Markets trading desks. The role involves model testing, technical writing and working with model risk and market risk teams. The posting states a base salary of $120,000 CAD and a full-time schedule, with a posted range of $65,000 to $140,000.
Responsibilities:
- Design and execute tests on valuation models used by Global Markets desks
- Write comprehensive model documentation and analyze test results
- Coordinate with Model Risk Management, Product Control and Market Risk
- Monitor model performance and report key metrics
- Support model risk management activities
Requirements summary:
- University degree, preferably advanced in a technical field
- Advanced knowledge of quantitative finance across asset classes
- Strong technical writing ability
- Understanding of SR11-7 and OSFI E-23 guidance
- Python or C++/C# proficiency is an asset
- Strong project management and prioritization skills
Tools & skills
Benefits mentioned
Source and dates
Employer career site / ATS feed · workday
- Employer posting date
- 2026-10-12
- First seen by our source
- 2026-10-13
- Source record updated
- 2026-11-05
These dates describe the source record, not a live verification that the employer is still hiring. Check the original posting.
Job details
| Seniority | Entry level |
| Department | Finance & accounting |
| Hours per week | 40 (estimated) |
| Travel | air: none · ground: none |
| Work setting | Office |
| Position | Mostly sitting |
| Physical demands | physical low · computer high |
| Languages | English |
| Education | Bachelor’s degree (required), Master’s degree (preferred) |
| Fields of study | Mathematics, Mathematical finance, Physics, Engineering, Computer science |
| Perks mentioned | Retirement plan, Tuition support, Performance bonus |
Summary and details written by AI from the posting; the employer’s posting is the authority.
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.
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…
| Field | Value |
|---|---|
| Industry | Financial Services |
| Company size | 10,001+ employees |
| Headquarters | Toronto, ON |
| Organization type | Public Company |
| Specialties | Personal BankingCommercial BankingWealth ManagementCapital Marketsand Asset Management |
| Open jobs on Jobsy | 963 |
| View page |
Application Deadline:
11/29/2026Address:
100 King Street WestJob Family Group:
Data Analytics & ReportingBMO 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 - $140,000.00Pay Type:
SalariedThe 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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