About the role#
This internship position within the Structured Solutions and Nonlinear ETFs team involves working directly with portfolio managers and quantitative researchers. You will contribute to production-level analysis and tools used to manage multi-billion-dollar investment portfolios. This role focuses on the intersection of quantitative research, derivatives structuring, and technology.
What you'll do#
- Develop and improve quantitative models for portfolio construction and security selection.
- Perform Monte Carlo simulations for structured notes, options, and path-dependent strategies.
- Analyze return distributions, volatility dynamics, and downside risk.
- Assist in the pricing and valuation of derivative portfolios and structured products.
- Calculate option sensitivities including delta, gamma, vega, theta, and rho.
- Build and maintain databases for investment analytics and portfolio management.
- Develop analytical tools using Python, SQL, and VBA.
- Automate portfolio reporting, risk monitoring, and investment workflows.
- Design data pipelines that integrate market data and risk analytics.
- Research factor-based investment strategies and conduct historical scenario analysis.
- Monitor portfolio exposures and assist with research on ETFs and volatility markets.
What you'll need#
- Current enrollment in a degree program related to Engineering, Applied Mathematics, Statistics, Computer Science, Physics, or Quantitative Finance.
- Strong programming skills in Python.
- Advanced Excel skills and an understanding of probability, statistics, and numerical methods.
- Ability to work with large datasets and complex financial models.
- Familiarity with derivatives pricing, option theory, and Monte Carlo methodologies.
- Experience with SQL, database development, and object-oriented programming.
- Exposure to financial data platforms such as Bloomberg or FactSet.
- Relevant coursework in stochastic processes, optimization, or machine learning.
Location & details#
- Location: Toronto, Ontario, Canada.
- Term: Winter 2027 (4 months).
- Modality: On-site.
- Employment type: Full-time, paid internship.
About BMO
BMO is a financial services organization that provides personal banking, commercial banking, wealth management, capital markets, and asset management. Founded in 1817, the company operates as a public entity. It maintains a workforce of over 60,000 employees. The firm is headquartered in Toronto with additional office locations in Chicago.
How to get in at BMO
Securing an internship at BMO requires speed, as early applicants are often reviewed before the volume of candidates becomes unmanageable. Intern Insider sends an instant alert the moment a role matching your target is published anywhere, ensuring you can apply among the first. This proactive approach helps you get your materials in front of the team early in the hiring cycle. You can also improve your response rates by reaching out to the recruiters behind the company's roles directly. Intern Insider surfaces these specific contacts, allowing you to ask relevant questions about the internship or seek a referral. Connecting with the right person often provides more clarity than submitting an application into a general queue.
