Vice President, Agricultural Commodities Trading – Soft Commodities

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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

We have the unique opportunity for a Vice President to help launch the Agricultural Commodities business in North America, with a focus on Soft Commodities, specifically coffee, sugar, cocoa. The broad mandate to grow market share in Commodities will require the candidate to utilize knowledge of physical and financial soft commodities markets to price, execute and manage derivatives and financing transactions for BMO’s corporate and investor client base.  This role includes direct responsibility for actively managing non-linear and linear risk, providing fundamental insight, and working as part of our Global team. The candidate also identifies opportunities for increased efficiency and improved service to internal and external clients and implements positive change within the business unit.

Group Overview

The Commodities Trading group is a team within Global Markets’ Global Origination business responsible for managing and executing hedging and financing transactions for BMO’s investor, corporate and commercial clients. Working closely with the Commodities Sales Team as well as investment, corporate and commercial banking, the trading team serves as product experts with a coverage universe including futures, swaps, basis, options, and exotic derivatives.  The ideal candidate for this role will be a proven soft commodities trader today.

Key Areas of Accountability 

Transaction Modelling & Financial Analysis:

• Use abilities in financial and fundamental analysis to communicate effectively and succinctly with Commodities Sales and clients to facilitate deals
• Develop marketing ideas and help initiate transactions through appropriate presentation of dataUnderstand all software systems for trading and pricing transactions
• Develop, maintain, and build-out fundamental models

Skills:

• Minimum 5 years experience managing an active book of Agricultural Commodity Derivatives, with a focus on soft commodities, specifically Cocoa, Sugar or Coffee
• Minimum 5 years experience structuring and managing inventory financing transactions, including deliverable and non-deliverable products
• Excellent communication skills (written and verbal) including listening, understanding, and responding to internal and external inquiries
• Expertise in financial computer applications including MS Excel, VBA, and Bloomberg.  Strong proficiency in other Microsoft Office products
• Able to exercise independent thought and judgment under limited supervision and to adapt to new tasks with little notice
• Creative, insightful, and eager to learn
• Experience developing North American and/or Global supply/demand models across different Agricultural Commodity markets
• Collaborate with Engineering team to design pricing and risk management tools
• Experience in Livestock or Dairy is an additional asset.

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Knowledge:

• Demonstrates strong knowledge of soft commodities and the Agricultural markets – financial and physical
• Thorough knowledge of derivatives including options
• Knowledge of banking and risk concepts as well as derivative regulations
• Current on existing and emerging Industry trends around the world
• Relevant experience and passion for working in a market-making, direct client-facing role

Collaboration:

• Be a strong partner within the Commodities Team to share market information and solve problems
• Act as a subject matter expert in soft commodities to support platform build out
• Build relationships with product partners across Global Markets to provide/solicit cross-product mandates for new opportunities
• Continuously coach and mentor Analysts and Associates
• Ensure high levels of client satisfaction through strong cross-department coordination with the following groups:
  • Legal & Compliance
  • Client Onboarding
  • Market Risk
  • Trade Floor Supervision
  • Global Markets Engineering
  • Commercial Banking
  • I&CB
  • Other Global Markets Groups

The base salary for this specific role in New York is $260,000.

Salary:

Pay Type:

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 [email protected] 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.