Quantitative Analyst – Quantitative Investment Strategies (QIS), Analyst/Associate

Application Deadline:

02/25/2026

Address:

151 W 42nd Street

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

BMO Capital Markets’ Global Markets Engineering team is seeking an Analyst/Associate-level Quantitative Analyst to support the development and implementation of systematic indices and quantitative models used across equity derivatives and structured products. The role includes hands-on model development, daily desk support, and collaboration with trading, structuring, risk, and technology teams. The successful candidate will contribute to production-ready solutions and ensure operational stability of QIS models and index processes.

Key Responsibilities

• Develop, enhance, and maintain systematic QIS index strategies and quantitative models.
• Implement efficient, modular, and well-structured code using object-oriented programming principles.
• Build and support backtesting frameworks, analytics tools, and index monitoring systems.
• Provide daily desk support for equity derivatives trading, including resolving production issues and responding to real-time inquiries.
• Assist trading and structuring teams with analytics related to pricing, risk, and structured payoffs linked to QIS indices.
• Collaborate with other groups such as Model Validation and Market Risk to support model documentation, methodology reviews, and risk analysis.
• Ensure high standards of reliability, documentation, testing, and process consistency across all production systems.

Required Qualifications

• Bachelor’s degree or higher in Mathematics, Engineering, Computer Science, Statistics, Physics, or a related quantitative field.
• Demonstrated experience with object-oriented programming (e.g., Python, C++, C#, Java) and software engineering best practices.
• Solid understanding of probability, statistics, linear algebra, and numerical methods.
• Familiarity with equities, derivatives, and financial market concepts.
• Ability to troubleshoot data, model, and production issues in a time-sensitive environment.
• Strong analytical and problem-solving capabilities.
• Effective written and verbal communication skills, including the ability to explain quantitative concepts to non-technical audiences.
• High attention to detail and commitment to operational accuracy.
• Proactive and organized, with the ability to manage multiple priorities and deliver under deadlines.
• Collaborative mindset with the ability to work across trading, risk, technology, and support teams.

Preferred Qualifications

• A graduate degree in one of the above-mentioned quantitative fields
• Experience with systematic investment strategies, factor models, or quantitative index frameworks.
• Knowledge of equity derivatives pricing, volatility concepts, or structured product mechanics.
• Exposure to production-level model deployment or front-office environments.

Additional Information

• This role involves direct engagement with front-office teams and model production environments.
• The position offers strong growth and career development opportunities within a high-performing organization.

The salary range for this role is $110,000 up to $120,000 USD at the Analyst level or $150,000 up to $200,000 USD at the Associate level (subject to the candidate meeting the specific skills, experience, education, and qualification requirements).

Salary:

$69,000.00 - $127,800.00

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 http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

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.