Managing Director, Head of Regulatory Reporting, Data & Systems

Application Deadline:

02/14/2025

Address:

320 S Canal Street

Job Family Group:

Finance & Accounting

Manages the teams responsible for analyzing, managing, and aggregating data submitted to bank regulators using Nasdaq’s AxiomSL ControllerView solutions in compliance with several data-intensive regulatory data collection submissions, including FR2052a (Complex Institution Liquidity Monitoring Report), SCCL/FR2590 (Single Counterparty Credit Limits), FDIC Part 370 Compliance, CCAR FR Y14 Reports (Comprehensive Capital Analysis and Review).

Oversees a 1B Line of Defense team responsible regulatory reporting transaction and conformance testing of key regulatory filings to bank regulators.

• Manages the team responsible for Adenza ControllerView configuration and automation of key regulatory filings which BMO or a BMO subsidiary are required to file with bank regulators in all applicable jurisdictions.

• Manages the team responsible for producing the daily H4 (Collateral and Pledging Report), I3 (Interest Rate Risk) and U3 (Pledging and Repos).

• Monitors the execution of a strong controls framework which includes fulsome change management, data/file handling controls, reconciliation controls, trending controls, variance analysis and escalation protocol to ensure the accuracy of all regulatory submissions.

• Manages a data analytics and quality team tasked with the development, implementation, and execution of an inventory of preventive and detective data quality edit check rules, along with distribution to applicable lines-of-business and operations data owners for research and remediation.

• Collaborates with leaders across business lines, operations, corporate areas, and technology to ensure the highest quality and most comprehensive data is consistently reported on a timely basis.

• Monitors regulatory reporting rulemaking proposals and final rules and leads efforts to ensure compliance with final rule changes to regulatory filings.

• Partners with internal Data Governance teams to develop and implement appropriate data governance processes, controls, and reporting

• Manages changes to the business rules by ensuring requested changes follow the approval process and through relationship management with Technology & Solutions to make the required changes.
• Drives continuous improvement to current systems and processes to make them more efficient and to meet future requirements.
• Organizes the department in an effective way and staff it with personnel with appropriate level of expertise.
• Sets context, assigns and monitors work of direct reports; provides performance feedback, training, coaching and mentoring as required in order to maintain a high performance culture and meet established goals and objectives.

Qualifications

• CA/CMA/CGA or an MBA in Finance/ Accounting
• 10+ years experience in senior roles in Finance.
• Excellent knowledge of US regulatory reporting requirements
• Strong knowledge of Bank information systems

Exceptional change leadership to create a strategic, practical course between current reality and desired end state
• Exceptional relationship management capabilities; ability to develop and foster relationships with and influence senior executives
• Ability to organize information pared with strong verbal and written communication skills and experience in preparing and delivering presentations
• High integrity, courage, self-confidence and professionalism.
• High achievement orientation/strive for a standard of excellence and visibly demonstrate the ability to get the job done.
• Strong demonstrated analytical ability.
• Excellent judgment and decision-making.
• High degree of demonstrated conceptual/strategic thinking
• Strong ability to Impact and influence.

Please note:  the target base salary range for this specific position is noted as a range from $200,000 USD to $280,000 USD. This range is broadband used across the U.S. and is subject to geographical differences as well as skills, knowledge and experience.

Salary:

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected targe