Vice President, Cash Equity Trader

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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

Overview

We are seeking an experienced and highly motivated Vice President, Cash Equity Trader to join our Toronto-based trading team. The successful candidate will play a key role in executing institutional equity orders, providing liquidity solutions to clients, managing trading risk, and collaborating closely with Sales Trading, Research, ECM, Program Trading, and Capital Markets teams.

This is a client-facing role requiring strong market knowledge, exceptional execution skills, and the ability to operate effectively in a fast-paced, high-volume trading environment.

Key Responsibilities

• Execute institutional client orders across Canadian and cross-border equities with a focus on best execution, minimizing market impact, and maximizing performance against benchmarks.
• Commit and manage firm capital on risk transactions within approved limits, actively monitoring intraday and overnight exposure.
• Provide liquidity, pricing, and market colour to institutional clients, partnering with Sales Trading to strengthen relationships and grow wallet share.
• Manage positions and trading risk in real time, including hedging, inventory management, and P&L attribution.
• Support ECM transactions, including bought deals, marketed offerings, block trades, and secondary distributions.
• Coordinate with Program Trading and Electronic Trading to deliver the full suite of execution capabilities, including algorithmic and portfolio-based solutions.
• Contribute market intelligence, flow observations, and trade ideas that leverage the firm's Research platform and sector expertise.
• Maintain rigorous compliance with CIRO, Canadian securities regulations, and internal trading, conduct, and risk policies.
• Identify opportunities to improve execution quality, workflow efficiency, and use of trading technology.

Qualifications

• Minimum 5-8 years of institutional cash equity trading experience at a broker-dealer or investment bank.
• Demonstrated ability to commit and manage capital, with a strong track record of risk-adjusted performance.
• Deep knowledge of Canadian and North American market structure, venues, and liquidity dynamics.
• CIRO-registered as a Trader (or eligible to register), with completion of the Canadian Securities Course, Conduct and Practices Handbook, and Trader Training Course.
• Proficiency with order and execution management systems, algorithmic trading tools, and market data platforms such as Bloomberg.
• Strong client-facing communication skills and the ability to build credibility with institutional portfolio managers and buy-side traders.
• Sound judgment under pressure, high attention to detail, and a disciplined approach to risk.
• Undergraduate degree required; CFA designation or progress toward it is an asset.

Attributes

• Commercial mindset with a bias toward action and a strong sense of ownership.
• Collaborative team player who contributes to a high-performing, integrated trading floor.
• Unwavering commitment to integrity, regulatory compliance, and the firm's conduct standards

Please note the base salary for this role is $160,000 CAD.

This job posting is for a current vacancy.

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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.