Manager, Finance (Controllership)
BMO · Toronto, Canada · 1d ago
Application Deadline:
Address:
33 Dundas Street WestJob Family Group:
This role is a key Controllership position supporting the governance, financial reporting, and audit oversight of BMO's mortgage entities, which manage approximately $190B in mortgage assets. The incumbent is responsible for financial reporting and governance activities for two OSFI-regulated legal entities, BMO BMMC and BMO MC, each with distinct Boards, reporting requirements, and regulatory obligations.
The Manager serves as the central coordinator for quarterly Board and Committee reporting, including financial statements, regulatory disclosures, and executive management materials, while partnering across Finance, Treasury, Risk, Tax, and Legal to ensure accurate and timely reporting. The role also leads annual audit activities and supports ongoing regulatory compliance.
Acting as the integrator across the mortgage controllership function, this position brings together the overall financial picture and ensures the integrity of legal entity reporting and governance processes. Given the complexity, visibility, and executive stakeholder engagement required, the role demands strong technical accounting expertise, exceptional stakeholder management skills, and a CPA designation (completed or near completion), with public accounting experience considered a significant asset.
Responsible for the financial governance, legal entity management, board reporting, regulatory compliance, and strategic financial oversight of BMO Mortgage Co. (BMO MC) and BMO Mortgage and Mortgage Corporation (BMMC). This role serves as the primary finance partner to the legal entity CEOs, CFOs, Board of Directors, Corporate Controllers, Treasury, Taxation, Legal, and external auditors, ensuring accurate financial reporting and effective governance of the legal entities.
Key Responsibilities
- Prepare quarterly and annual Board of Director materials, Audit Committee packages, executive summaries, and supporting analysis for senior management.
- Present financial results, risk insights, and key business matters to legal entity Boards and executive stakeholders.
- Support CEOs and CFOs with board preparation, briefing materials, speaking notes, and responses to Board inquiries.
- Manage legal entity governance requirements, including annual plans, resolutions, corporate documentation, and regulatory filings.
- Coordinate with Corporate Controllers, Treasury, Taxation, Legal, Risk Management, and business partners to ensure compliance with accounting, regulatory, and governance requirements.
- Interpret accounting and regulatory changes, assess financial impacts, and recommend implementation strategies and control enhancements.
- Act as the primary finance contact for external auditors, regulators, and internal audit reviews.
- Maintain and update key legal entity agreements including term loans, demand loans, sub-debt agreements, guarantees, TSAs, omnibus agreements, and other intercompany arrangements.
- Participate in strategic initiatives affecting BMMC and BMO MC, including legal entity restructuring, capital optimization, liquidity management, and operational simplification projects.
Qualifications:
- Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
- Deep knowledge and technical proficiency gained through extensive education and business experience.
- Verbal & written communication skills - In-depth.
- Collaboration & team skills - In-depth.
- Analytical and problem solving skills - In-depth.
- Influence skills - In-depth.
- Data driven decision making - In-depth.
- CPA designation (completed or near completion)
Salary:
Pay Type:
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 target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
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 – 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://jobs.bmo.com/ca/en.
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.
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.