Director - Accounting Policy

Application Deadline:

08/04/2024

Address:

100 King Street West

Job Family Group:

Finance & Accounting

In this People leader role, you have the opportunity to see everything that is happening across the bank.  This group is niche, however, you are involved in everything new, complex and emerging in the industry.  You see it all.  Never gets dull and constantly challenged to learning new things every day.  Building relationships in all areas across the bank and build a great network.

Our ideal candidate has depth of leadership experience, holds a CPA, is able to distill complex information into a clear, non-technical way, and truly enjoys partnering with the business. You will be a trusted advisor to provide advice and help guide the business.

Ensures high risk/complex accounting transactions are compliant with accounting regulations and financial information is disclosed appropriately in the Bank’s financial statements. Acts as part of the support team advising on accounting guidelines and accounting policy strategies and programs. Supports aspects of accounting management by providing value added ideas, advice and recommendations to improve quality and overall effectiveness. Provides guidance and advice on significant and complex transactions and issues that impact the business.

• 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’s 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. 
• Acts as a trusted advisor to senior leaders for business decisions and implementation of strategic initiatives.
• Develops an expert understanding of business/group challenges and accounting policy.
• May consult to or serve on various committees and task forces.
• Influences and negotiates to achieve business objectives.
• Identifies emerging issues and trends to inform decision-making.
• Leads the strategy for the accounting policy management (e.g. accounting advisory, risk frameworks, financial governance) for high risk / complex accounting transactions to ensure the enterprise accounting practices and reporting meet standards.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Conducts independent analysis and assessment to resolve strategic issues.
• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
• Assesses and adapts existing accounting policy programs; develops new capabilities to ensure ongoing success.
• Designs and manages programs for a component of the controller-managed risks. Reviews the program for effectiveness, considers industry trends and recommends enhancements; makes changes as required.
• Monitors new accounting standards and analyzes impacts to policy and standards.
• Supports the development of tailored messaging about accounting policy changes & impacts, which may include writing, editing and distributing communications.
• Supports the development of financial statements and financial disclosure documents to ensure consolidated Bank results meet International Financial Reporting Standards and regulatory requirements.
• Acts as a key contact with internal and external regulatory bodies and industry groups to provide feedback on significant accounting issues and financial reporting matters.
• Prepares reports on accounting policy matters for senior management and industry and regulatory bodies as appropriate.
• Builds effective relationships with internal/external stakeholders.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Executes analyses to support the design and development of Accounting Policy strategy / programs.
• Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information.
• Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.
• Exec