MFE Summer Associate, Global Markets – New York

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 2,700 professionals in 30+ locations around the world, including 20 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$1.0 trillion total assets and approximately 54,000 employees as of January 31, 2025.

Program Overview

Summer Associates work in the Global Markets Group of BMO Capital Markets. The group includes desks such as Equity Sales and Trading, Clearpool E-trading, Prime Finance, Structured Notes Sales and Trading, Leveraged Finance, Securitized Products Sales and Trading, Origination, US Interest Rates Sales and Trading, and Global Markets Engineering.

Summer interns will work on one desk in Global Markets over a 10-week period. Interns will receive specific job descriptions prior to starting. The first week includes onboarding and training across BMO Capital Markets, followed by a Showcase day presentation and a matching process based on preference and skill set. Continuous professional development throughout the summer includes teach-ins, trading games, meetings with senior leaders, and networking events.

Responsibilities

Summer interns are fully integrated into an assigned desk, and responsibilities vary daily based on business needs and market conditions. Depending on the assigned desk, intern 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, and spreadsheet development.
• Providing insight into trading strategies leveraging quantitative modelling.
• Improving existing technology involving system infrastructure, internal reporting, and client/management presentations.
• Bespoke projects requiring market, portfolio, or client research and data analytics.
• Developing client trade ideas.

Qualifications and Requirements

We seek highly motivated individuals who thrive in a competitive, market-driven, team-based environment and seek professional challenges. Global Markets comprises a diverse group of individuals with various skill sets and functions; we aim to create a diverse intern class fit for different roles across Global Markets.

Required Qualifications

• Pursuing a Master's degree in Financial Engineering, Mathematics, Financial Math, Physics, Statistics, Engineering, Quantitative Finance, Computer Science, or another related quantitative field.
• Completing the degree in December 2027 or Spring 2028.
• Excellent programming skills in C++, Java, Matlab, Python, R, or Scala.
• Strong mathematical academic training.
• Keen interest in financial markets.
• Drive and desire to work in an intense, team-oriented environment.
• Excellent decision-making abilities.
• Strong communication skills.

Compensation and Benefits

The annual base salary for this position is USD$150,000.

Pay Type: Salaried.

The stated base salary represents BMO Financial Group’s pay range. Actual 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 regularly worked hours. For commission roles, the listed salary is BMO Financial Group’s expected target for the first year.

BMO Financial Group’s total compensation package varies by position pay type and may include performance-based incentives, discretionary bonuses, and other perks. Benefits include health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. For more details on our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards.

About BMO

At BMO, we are driven by a shared Purpose: Boldly Grow the Good in business and life. This 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, with opportunities to grow and make an impact. We provide resources, in-depth training, coaching, manager support, and networking opportunities to help you and our customers reach new milestones.

To learn more, please visit: http://jobs.bmo.com/us/en.

Equal Employment Opportunity: 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, veteran status, disability status, or any other legally protected characteristics. We also consider applicants with criminal histories consistent with applicable federal, state, and local law.

Accommodations: BMO is committed to providing reasonable accommodations for individuals with disabilities. If you require an accommodation for any part of the employment process, please email BMOCareers.Support@bmo.com with the nature of your request and contact information.