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Senior Manager - Algorithmic Development - R250016964 REMOTE/TELETRAVAIL

Bank of Montreal (BMO)

REMOTE/TELETRAVAIL, Ontario

Senior Manager - Algorithmic Development - R250016964 REMOTE/TELETRAVAIL

Bank of Montreal (BMO)

REMOTE/TELETRAVAIL, Ontario
 
Salary: $94,600.00 - $176,000.00
 
Application Deadline:07/17/2025

Address:VIRTUAL(R)59 - REMOTE/TELETRAVAIL - ON - BMO

Job Family Group:
Technology

  • 10+ years of professional core Java development experience
  • Experience building trading systems in Equity markets
  • Experience with optimizing software performance and reducing latency
  • Experience managing developers

Develops strategies, researches and designs algorithms after analysing an assigned portfolio/market. Develops algorithms to build models that uncover connections and make better decisions without human intervention. Communicates strategies with other developers to help code the strategies – including evaluating algorithms and altering them as needed. Works closely with quantitative developers, technologists as well as trading desks to build out a multi-strategy algorithmic trading framework.

  • Designs, implements and tests statistical models and algorithms​.
  • Works with business stakeholders to understand strategies and build new algorithms and customizations in support of strategies.​
  • Tailors the algorithmic container to meet the demand and develop to support more sophisticated algorithmic strategies​.
  • Backtests the trading strategy to validate whether the trading strategy is successful or not. ​
  • Creates intuitive real-time visualizations to demonstrate algorithm operation​s.
  • Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
  • Ensures alignment between values and behaviour that fosters diversity and inclusion.
  • Regularly connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
  • Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
  • Attracts, retains, and enables the career development of top talent.
  • Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
  • Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
  • Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
  • Implements changes in response to shifting trends.
  • Broader work or accountabilities may be assigned as needed.

Qualifications:

Intermediate level of proficiency:

  • Econometrics.
  • Building and managing relationships.
  • Emotional agility.
  • Managing change.
  • Negotiation and influencing.

Advanced level of proficiency:

  • Computer Science.
  • Programming.
  • Back testing.
  • Creative thinking.
  • Statistics and Statistics Analysis.
  • Complex mathematical concepts.
  • Logical reasoning.
  • Finance and Financial Market.
  • Verbal & written communication skills.
  • Analytical and problem solving skills.
  • Collaboration & team skills; with a focus on cross-group collaboration.
  • Able to manage ambiguity.
  • Data driven decision making.
  • Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • Seasoned professional with a combination of education, experience and industry knowledge.

Salary:
$94,600.00 - $176,000.00

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.

 

We are committed to hiring military and Veteran spouses and encourage you to identify your connection with the MSEN when reaching out to us or applying to any of our open roles.

 

Have questions or want to learn more about us? We would love to hear from you!

 

Diversity and Recruitment Team

E mail: diversity.recruitment@bmo.com

 

 

  Introduce Yourself to BMO (Military/Veterans)

 

About Bank of Montreal (BMO)

We’re proud to be the official bank of the Canadian Defence Community – and that goes beyond supporting your financial well-being. We value the skills you’ve earned in the military, and we’re here to help as you move into the next stage of your professional life.

BMO is a top ten North American bank that provides personal and commercial banking, global markets and investment banking services to 13 million customers and clients. Founded in 1817, we’re driven by our Purpose: Boldly Grow the Good in business and life. BMO has established itself as a destination for top talent, with an employee experience that’s built on   personalized career development opportunities, a performance-driven winning culture, competitive rewards and benefits, and a deepcommitment to the health and well-being of our people.

If you’re ambitious, curious, creative, and eager to make an impact, you should consider BMO as a place to build your career.

#ProudtoWork@BMO