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BMO Financial Group Manager, U.S. Tax Planning in Chicago, Illinois


Under the direction of the Director, U.S. Tax Planning, and the Senior Manager, Tax Planning the Manager, U.S. Tax Planning, manages the U.S. tax planning and controversy for Bank of Montreal (“BMO”), BMO Harris Bank and other U.S. companies. The Manager, U.S. Tax Planning provides federal and state income tax planning analysis and support on specific transactions with a particular focus on capital markets; partners with members of U.S. Tax Team to ensure that U.S. tax advice and planning for U.S. companies within the BMO Financial Group (“BMOFG”) are appropriately reflected in the U.S. tax returns as filed and in the tax provision reported in BFC’s quarterly consolidated financial statement and relevant legal entity financial statements; and assists with BMO Taxation projects as required.


The Manager, U.S. Tax Planning is responsible for:


Recommending appropriate U.S. tax strategies and support the financial and strategic initiatives of BMOFG and reinforce commitment to maximizing shareholder value.

Providing leadership by working collaboratively with BMO Taxation staff to develop and implement vision, mission, values, operational resource plans, and establishing strategies and action plans to achieve the goals, and actively participating in the implementation of actions necessary to correct internal and external issues.


Working with Director, U.S. Tax Planning, and Senior Manager, U.S. Tax Planning, to identify resource needs.

Working collaboratively with other members of the BMO Tax Team as necessary.

Relationship management/advisory

Developing and managing relationships with U.S. Lines of Business (“LOBs”), particularly Global Markets, and partnering with the LOBs and, other Corporate groups to identify, develop and implement appropriate U.S. tax strategies that minimize the U.S. tax burden and support the financial and strategic initiatives of BMOFG and reinforce commitment to maximizing shareholder value and within the risk tolerance of BMOFG, and provide timely, thorough U.S. tax advice on current and proposed transactions and products and impact of changes in tax legislation.

Developing and maintaining relationships with LOBs and corporate groups to ensure information requirements of BMO Taxation with respect to the U.S. legal entity tax return and tax provision processes are met on a timely basis and required information is accurate, complete, and reconciled, and data integrity has been verified.

Working collaboratively on BMO Taxation projects, as required.

Performing tax research of current and proposed U.S. federal and state income tax laws.

Reviewing, preparing or presenting formal and informal reports and analysis to support tax objectives, decision making and solution resolution, as required.

Risk management and control

Monitoring compliance with policies, procedures and controls with respect to U.S. tax planning for U.S. companies in the BMOFG that ensure projects are approved and implemented as planned.

Monitoring compliance with policies, procedures and controls that ensure U.S. tax advice and planning with respect to the BMOFG is appropriately supported, documented and reviewed, and within the risk tolerance of BMOFG, and any tax risks are identified, assessed, and mitigated and communicated to the Director , U.S. Tax Planning, Senior Manager, U.S. Tax Planning, and other stakeholders as appropriate.

Assisting in documenting the U.S. tax compliance, process, procedures, and controls for BMOFG, and updating documentation as required.

Analyze complex financial transactions to identify relevant task risks and provide solutions that meet business objectives.

Providing no tax advice directly or indirectly to particular customers or employees of BMOFG.

Governance and analysis

Assisting the Senior Manager, U.S. Tax Planning, with the preparation of timely, accurate responses to U.S. federal, state and local tax authorities with respect to queries and proposed BMOFG tax adjustments.

Assisting with external and internal auditors with respect to BMOFG, as required.

Adhering to all aspects of BMO’s Code of Conduct, including individual accountability as it relates to potential conflicts of interest, safeguarding of customer information, trading in securities, anti-money laundering, privacy and disclosure of outside business activities.

Operational effectiveness

Fostering an environment of continuous improvement of BMOFG’s tax planning processes and controls.


To deliver on the financial accountabilities, the Manager, U.S. Tax Planning, must have the following authorities:

Managerial – Authority to deploy staff engaged in U.S. tax planning and controversy.

Communicate/Advisory – Authority to provide advice to colleagues in BMOFG as part of the relationship management functions of this role.

Recommending - Authority to recommend tax filing positions, policies, procedures or controls. Also has the authority to recommend the use of outside resources on technical tax matters.

Monitoring – Authority to collect or be provided with the required information from tax staff with respect to all U.S. federal and state tax provisions, returns, or audits.

Coordinating – Authority to coordinate work and/or call people together to discuss/resolve issues with respect to all U.S. federal and state tax provisions, returns, or audits.

Access – Authority to access or be provided with financial information required to effectively complete the mandate.


This job requires the incumbent to interact with the following processes and/or groups

 Finance departments in the US and Canada

 Legal departments in the US and Canada

 T&O

 Lines of business

 Other corporate service areas

Job dimensions:

Contributes to minimizing U.S. tax burden by assisting in providing U.S. tax advice and planning to U.S. LOBs. Contributes to minimizing risk of additional U.S. taxes and related interest and penalties by assisting in timely responses to queries of tax authorities with respect to audits of tax returns.

This role has direct or indirect impact on the following financial measures: effective tax rate, revenues, expenses, income tax provision, earnings per share, return on equity, and productivity ratio.

This role has a direct impact on financial and tax governance and compliance with related requirements. Failure to comply with these requirements could negatively impact the reputation of BMOFG.



  • Professional designation CPA or JD with relevant experience

  • Bachelor’s degree in Accounting

  • Master’s degree in Accounting or Taxation or equivalent coursework preferred

  • Experience in the taxation of financial products and cross-border investment preferred

  • 5 plus years of experience in a corporate tax environment

  • Knowledge of LAN based computer programs including Excel, Word

  • Ability to learn and use other software tools

b) Skills:

  • Good communication skills - written, verbal and presentation

  • Attention to detail/strive for standard of excellence

  • Strong analytical thinking

  • Sound judgment and decision making

  • Strong business financial analysis skills

  • Solid organization, planning and control

  • Project management skills

  • Strong interpersonal and negotiation skills

  • Ability to team with other members of the Tax Group and other stakeholders

We’re here to help

At BMO Harris Bank 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 Harris Bank 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.

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BMO Harris Bank 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. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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 Harris Bank does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO Harris Bank, directly or indirectly, will be considered BMO Harris Bank property. BMO Harris Bank 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.