BMO is currently sourcing for a Business Analyst, Commodities Trading (Murex).This is a hybrid contract role in Toronto (2 days in office per week). Role Overview:This role supports BMO Capital Markets Technology on the commodities trading desk, focusing on the migration project to the Murex platform. The Business Analyst will work closely with front office traders and technology teams to model products, configure Murex, and ensure accurate pricing, trade capture, and risk management workflows. The position plays a critical role in enabling a smooth transition to the new trading system, impacting trading operations and risk assessment.
Key Responsibilities:
Gather requirements from commodities traders and the trading desk. Model products in Murex including valuation, pricing, and risk profiles. Configure and validate product setups in the Murex trading system. Support front office workflows such as pricing, trade capture, and lifecycle management. Collaborate with technology and business teams on the Murex migration project. Ensure end-to-end trade flow accuracy within the Murex platform.
Must-Have Skills:
Hands-on experience with the Murex trading system, preferably on the new platform. Commodities business knowledge across metals, energy, and agriculture, including physical and financial trading. Front office business analysis expertise in pricing, trade capture, trade lifecycle management, and risk profiling. Understanding of valuation and market data concepts such as curve building, PV and P&L, option and exotic valuation, and Greeks. Experience gathering requirements and product modelling/configuration in Murex end to end. 5+ years of relevant business analysis experience.
Nice to Have Skills:
Experience with Endur, the legacy system being replaced. Knowledge of the broader trade chain including settlements, confirmations, accounting, and regulatory reporting. Prior experience in capital markets or banking environments. Background working on a trading desk.
Ideal Candidate:
Demonstrated ability to bridge the gap between front office traders and technology teams. Strong understanding of commodities trading products and workflows. Experience supporting migration projects to new trading platforms. Proven track record of delivering accurate product models and trade lifecycle solutions in complex trading environments.
