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BMO Financial Group Director, Global Corporate Funding in Toronto, Ontario

Address:

100 King Street West

Job Family Group:

Finance & Accounting

Under the direction of the Managing Director, Global Corporate Funding the role is accountable to provide leadership to the Senior Managers and Managers in the funding team to strategically build, manage and execute the Bank’s global term funding, securitization, and capital issuance programs. Minimizes Bank funding costs while broadening the debit investor base to ensure the Bank is well-funded to support the growth objectives and competitive positioning. Identifies and recommends actions to senior leaders based on market trends or regulatory developments to ensure the Bank is at the forefront of an optimal global funding platform.The role is a specialist position which coordinates highly technical and complex risk practices in a fast paced and evolving environment. The Director achieves this mandate using expert market knowledge and business judgment, and strong team leadership and relationship management skills

  • Develops an expert understanding of business/group challenges.

  • May consult to or serve on various committees and task forces.

  • Leads the execution of corporate funding programs; assesses and adapts as needed to ensure quality of execution.

  • Owns internal/external stakeholder relationships, which may include regulators.

  • Assesses and adapts existing operational programs; develops new capabilities to ensure ongoing success.

  • Defines business requirements for analytics & reporting to ensure data insights inform business decision making.

  • Designs and produces regular and ad-hoc reports, and dashboards.

  • Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

  • Leads the development of the communication strategy focusing on positively influencing or changing behaviour.

  • Collaborates across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behaviour.

  • Leads the execution of corporate funding programs; assesses and adapts as needed to ensure quality of execution.

  • Assesses and adapts existing operational programs; develops new capabilities to ensure ongoing success.

  • Provides leadership and advocates for corporate funding initiatives / programs, securitization and capital issuance programs from approval through execution.

  • Partners with senior leaders to support the development and management and execution of the Bank’s securitization and capital markets global funding programs and issuance.

  • Supports development of the securitization & funding strategy over a multi-year plan horizon to optimize the funding strategy while maintaining compliance with legal / regulatory requirements.

  • Develops and recommend strategies to expand the Bank’s investor base and global market access.

  • Recommends and executes debt marketing activities in support of initiatives and oversees development of marketing materials including directly engaging with prospective and current investors to expand the Bank’s global funding capabilities.

  • Partners with Capital Management Group to structure and execute capital productivity transactions (i.e. risk transfer transactions).

  • Recommends optimal transaction pricing, term, and size for funding programs / solutions including capital, senior note and structured product issuance e.g. credit card, HELOC, mortgage, Covered Bond, Canada Mortgage Bond, and mortgage backed securitizations.

  • Advises various stakeholders on the risks, financial implications and technical aspects to ensure alignment and agreement to plans/programs.

  • Monitors the market environment and mismatch and basis market risk metrics to ensure the Bank’s structural market risk management activities add incremental value and hedging strategies are effective.

  • Provides subject matter expertise and contact for external investment dealers looking to discuss and execute securitization and capital market funding opportunities for the Bank.

  • Develops and maintains expertise in all regulations, directives and guidance which apply to the Corporate Treasury group, including interpreting regulations and understanding emerging issues; ensures that BMO FG remains compliant with all external regulations.

  • Builds effective relationships with internal/external stakeholders.

  • Breaks down strategic problems, and analyses data and information to provide corporate funding insights and recommendations.

  • Monitors and tracks performance and addresses any issues; Gathers and formats data into regular and ad-hoc reports, and dashboards.

  • Calculates a forecast of the bank’s structural cash position, calculates liquidity metrics, and total loss-absorbing capacity (TLAC) position to inform and optimize funding strategy decisions.

  • Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO.

  • Influences how teams/groups work together.

  • Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.

  • Communicates abstract concepts in simple terms.

  • Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives.

  • Anticipates trends and responds by implementing appropriate changes.

  • Broader work or accountabilities may be assigned as needed.Qualifications:

  • Typically 9+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

  • One or more of the following preferred: B. Commerce, MBA Finance, CFA, CA, CMA.

  • Expert knowledge of Finance, Investment Banking, Capital Markets or Treasury.

  • Expert knowledge of financial analysis and financial modeling.

  • Expert knowledge of capital markets and / or securitization solutions with transaction experience.

  • Expert knowledge of market research tools, including Bloomberg.

  • Expert knowledge of accounting / financial management systems.

  • Seasoned expert with extensive industry knowledge.

  • Technical leader viewed as a thought leader for innovation.

  • Verbal & written communication skills - Expert.

  • Analytical and problem solving skills - Expert.

  • Influence skills - Expert.

  • Collaboration & team skills; with a focus on cross-group collaboration - Expert.

  • Able to manage ambiguity.

  • Data driven decision making - Expert.

We’re here to help

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.

BMO Financial Group Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.

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