Associate, Quantitative Modeling

Job summary

The candidate will design and execute tests on valuation models and tools while maintaining comprehensive model documentation. They will also perform ongoing model performance monitoring and collaborate with risk management teams on model-related topics.

Job details

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.

What you’ll do

The candidate will design and execute tests on valuation models and tools while maintaining comprehensive model documentation. They will also perform ongoing model performance monitoring and collaborate with risk management teams on model-related topics.

Requirements

A university degree in a technical field such as mathematics, physics, or computer science is required, with an advanced degree preferred. Candidates should possess strong quantitative finance knowledge, technical writing skills, and proficiency in programming languages like Python or C++.

Benefits

• Health insurance
• Tuition reimbursement
• Accident insurance
• Life insurance
• Retirement savings plans

Listed skills

• Python · Preferred
• C++ · Preferred
• Performance Monitoring · Preferred
• Data analysis · Preferred
• Problem solving · Preferred
• Project management · Preferred
• Regulatory Compliance · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Quantitative finance
• Mathematical modeling
• Computational modeling
• Python
• C++
• C#
• Technical writing
• Model risk management
• Valuation models
• Performance monitoring
• Data analysis
• Problem solving
• Project management
• Regulatory compliance
• Financial engineering
• Model Risk Management
• Quantitative Modeling
• Valuation Models
• Research
• Data Analysis
• Software Development
• Asset Classes
• C# (Programming Language)
• C++ (Programming Language)
• Capital Markets
• Computer Science
• Treasury Management
• Mathematical Finance
• Economic Growth
• Financial Services
• Global Marketing
• Health Insurance
• Investment Banking
• Problem Solving
• Python (Programming Language)
• Market Risk
• Mathematics
• Project Management
• Milestones (Project Management)
• Performance Metric
• Physics
• Product Control
• Coaching
• Technical Writing
• Writing
• Prioritization

Job areas

• Finance & Accounting
• Data & Analytics
• Technology
• Engineering
• Consulting
• Quantitative Modeler
• Risk Engineer
• Management and Organization Analysts
• Financial Risk Specialists

More jobs from BMO