Job Description

Application Deadline: 05/25/2023

Address: 100 King Street West

Job Family Group: Finance & Accounting

The Senior Manager - Parent Bank is responsible for a team which oversees key elements of the bank\'s monthly financial close, equity reporting, stand alone legal entity reporting and technical service arrangement (TSA) governance.

Key elements of the monthly close process includes managing the consolidated bank\'s intercompany wash process to ensure that the bank\'s intercompany balances eliminate on consolidation. The group is also responsible for the analysis and reporting of the bank\'s consolidated equity accounts. The group is responsible for the analysis and reporting on the bank\'s net investment in foreign operations and associated hedge positions.

The Senior Manager - Parent Bank is also responsible for overseeing the production of the bank\'s deconsolidated Parent Bank stand alone legal entity reporting. The group also provides accounting support for certain of the bank\'s employee pension plans and is responsible for the preparation of the pension plan financial statements

This role also involves overseeing the governance of the bank\'s TSA agreements including running the bank-wide annual update process and providing on-going advice to the business matters related to intergroup provision of services

Applies expertise and provides advice in calculation, analysis, and reporting of financial results in compliance with applicable standards and regulatory requirements. Works across BMO to deliver accounting program / process results aligned with overall group goals. Reviews and/or personally delivers some accounting services and processing activities. Supports an efficient and effective accounting function that uses common information sources and practices, reduces ongoing costs, and increases service level performance.

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\xe2\x80\x99s 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.

Provides strategic input into business decisions as a trusted advisor.

Make recommendations related to policy, standards and strategies for Accounting programs.

Acts as a subject matter expert on relevant regulations and policies.

Works with stakeholders to establish priorities.

May network with industry contacts to gain competitive insights and best practices.

Manages resources and leads the execution of accounting, risk and regulatory related strategic initiatives to deliver on business and financial goals.

Acts as the prime subject matter expert for internal/external stakeholders.

Leads the execution of accounting programs; assesses and adapts as needed to ensure quality of execution.

Executes work to deliver timely, accurate, and relevant information and reporting of group, legal entity, and reportable segments results for management and statutory reporting.

Provides input into the planning and implementation of financial programs to manage the fiscal period close processes.

Works in conjunction with others to ensure sign-off and attest to reported financial results.

Analyses data and information to provide financial performance insights and recommendations for consolidated business financial statements.

Identifies emerging issues and trends to inform decision-making.

Monitors and tracks financial information compliance with standards and regulations, and addresses any issues.

Provides information and supports the process for internal (e.g. corporate, SOX) and external audits.

Integrates information from multiple sources to enable more efficient processes, enhanced analysis, and/or streamlined reporting.

Designs and produces regular and ad-hoc reports and dashboards.

Builds effective relationships with internal/external stakeholders across functional disciplines.

Acts as liaison between stakeholders to align agendas and ensure a clear contextual understanding of the business needs.

Supports development and execution of accounting, risk, and regulatory strategic initiatives in collaboration with internal and external stakeholders.

Liaises with internal and external auditors and regulators to provide necessary information to support arising issues and responses to questions.

Acts as a trusted advisor to assigned business/group to interpret accounting changes identified by the Chief Accountants\xe2\x80\x99 Group; assesses impacts on financial results and reporting requirements; supports the implementation of applicable process and control change requirements.

Assists in the development of strategic plans to manage and execute the reporting / accounting needs and support business objectives.

Participates in the design, implementation, and management of core business, group, legal entity financial processes, reporting, systems, and controls to improve the quality and effectiveness of financial information and management of risks.

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:

Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

Professional accounting designation is preferred.

Seasoned professional with a combination of education, experience, and industry knowledge.

Seasoned professional with a combination of education, experience and industry knowledge.

Verbal & written communication skills - In-depth / Expert.

Analytical and problem solving skills - In-depth / Expert.

Influence skills - In-depth / Expert.

Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.

Able to manage ambiguity.

Data driven decision making - In-depth / Expert.

We\xe2\x80\x99re here to help

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 \xe2\x80\x93 for yourself and our customers. We\xe2\x80\x99ll 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\xe2\x80\x99ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at .

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other\xe2\x80\x99s 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.

BMO Financial Group