The Manager, Finance provides subject matter expertise to support the month-end, quarter-end and year-end close process including regulatory and external reports and attestation to the validity of the results.
The role is accountable to collaborate with others internally and externally (e.g. LOB Finance end-users, departments in the Chief Accountant's Group, Corporate Treasury, Capital Markets Finance and Technology & Operations) to resolve issues that cut across functional lines and provide solutions ensuring timely, accurate, efficient and effective service delivery. This includes reviewing and/or personally performing some service delivery, processing activities that are highly complex in nature.
The role ensures proper processes are in place to effectively execute activities in line with accounting and regulatory, enterprise, and Finance standards as well as the Bank's governance policies. The Manager, Finance will liaise with all levels of management in various areas of the bank.
Maintain strong relationships with the Managers and Sr. Managers in Finance (i.e., CAG, Groups, and Corporate), T&O and LOBs to manage and execute the reporting/accounting needs in support of their objectives. Understand clients' immediate reporting needs and assist the LOBs and Groups, when called upon, in the development of strategies they can implement to achieve their goals. When called upon, work in partnership with LOB and other corporate service areas to assist in optimal structuring and execution of new initiatives and strategies from an accounting, risk and regulatory perspective. Ensure that structures comply with accounting and regulatory rules and guidelines. Liaise with internal auditors, external auditors and regulators to provide necessary information on arising issues and ensure queries are responded to. Provide advice and technical expertise, within the scope of assigned tasks, to colleagues, partners/clients, and enterprise initiatives, as required. Manage and control possible client issues and conflicts to ensure resolution or escalate as necessary.
Functional Expertise, Advisory & Innovation
Accountable for month/quarter end and ad hoc reporting as required Provide accounting advice for acquisitions, divestitures, new initiatives, and unusual transactions including defining the framework needed to incorporate acquired business units' results into legal entities or consolidated bank results and procedures for divestitures. Execute and coordinate formal segregation of duties between preparation and review of highly complex reporting and month end activities (i.e. journal entries in relation to netting of derivatives and regulatory filings as required by regulators or policy. Includes personally reviewing and/or approving certain items as required. Oversee and approve input, analysis, and recommendations for the continuous improvement of processes and procedures with the scope of the work team and participate in the planning and implementation of projects.
Continuous Improvement and Change Management
Recommend and implement continuous improvement and change initiatives on an ongoing basis to operational methods and workflows within the Group Controllership team. Foster an environment of continuous improvement of controllership processes and procedures and encourage all employees on the team to identify process improvements/new ideas and adopt best practices.
Risk Management & Control
Recommend and develop standards and processes to ensure consistency in financial entries and reporting where possible. Be knowledgeable of changing requirements for accounting/regulatory/ risk and manage the changes into the groups and into work processes. Monitor, review and report on the operation and effectiveness of accounting controls. Maintain a current knowledge of accounting, regulatory requirements and escalate the potential reporting/accounting/operational impacts and associated accounting issues Provide support to internal audits, external audits, and regulatory audits by ensuring documentation and information is provided or queries are responded to by the appropriate staff in a timely manner.
Post-secondary education in Finance, Accounting, or related discipline.
Attained accounting designation preferred - CA, CPA.
Minimum 5 - 7 years of relevant experience
Advanced knowledge in application of accounting concepts pertinent to Chief Accountant's Group.
Advanced knowledge in the use of financial software applications, databases, spreadsheets (such as Microsoft Excel) and/or word processing is required.
Knowledge of BMO Financial Group structure and financial information systems is desirable.
Advanced understanding of the group's risk and regulatory requirements is required.
In-depth knowledge of the systems and reporting requirements of all financial products in which the Bank transacts.
Excellent operational and analytical background.
Advanced analytical, critical thinking skills, and integrative skills
Strong ability to evaluate, question the rationale to identify potential problems and recommend feasible solutions.
Strong ability to communicate with others to convey information effectively at senior management level.
Ability to deliver in an environment with competing priorities
Excellent analytical skills; the ability to discern large amounts of data and focus on the critical business issues.
Excellent attention to detail and accuracy.
Strong communication and organizational skills.
Respect for highly confidential information.
Ability to work under pressure and tight timeframes.
Ability to build a collaborative, team environment.
We're here to help
At BMO we have a shared purpose; we put the customer at the centre of everything we do - helping people is in our DNA. For 200 years we have thought about the future-the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we're changing the way people think about a bank.
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://bmocareers.com.
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.
Internal Number: 6280273
About Bank of Montreal
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