BMO Financial Group Head, BMO Climate Institute in Toronto, Ontario
100 King Street West
Job Family Group:
Audit, Risk & Compliance
This role is enterprise-wide in scope, reporting to the Chief Sustainability Officer to develop and implement BMO’s climate change strategy and client advisory efforts, with climate solutions and market leading analytical approaches.
The role will be the lead responsible for managing the BMO Climate Institute. This will include working with the Chair of the Institute and acting as a resource to other groups including the strategy team of the Bank.
The role is accountable for developing strategies and bank wide engagement and solutions development on climate risk and opportunity. The role is accountable for driving (in partnership with others across the bank) BMO’s climate-related client engagement strategies, innovation and analytical platforms and tools, research, internal and client facing program development developing and executing a strategy for convening on climate action, and for leading marketing and communications on climate and sustainability matters in partnership with related functions.
The ideal candidate is an experienced subject matter expert in climate change, suited for a high profile and results oriented position, drawing on knowledge of leading best practices of climate and its economic and financial risks and opportunities.
The role is also responsible for identifying, with the Chief Sustainability Officer, areas for improvement of BMO’s climate change program and performance and to develop strategies to ensure consistency with market practice, and to communicate with stakeholders both internal and external, maintaining BMO’s leadership position in sustainability and ESG.
Climate Solutions and Strategy
Assessing, to the benefit of internal stakeholders and our clients and customers, physical and transition risk for energy, mining, infrastructure, real estate, or other industry and related financial analysis and modelling and building innovative approaches to training, toolkits and dashboards for embedding climate across various lines of business and corporate areas.
Lead on research or thought leadership on climate and sustainability.
Undertaking, as part of a broader team, corporate reporting such as through TCFD, CDP.
Advise, internally or with clients and customers, on topics such as GHG accounting including scope three emissions quantification, utilizing industry methodologies such as PCAF.
Support the development of policies and programs to facilitate the implementation of climate change and sustainability strategy, monitoring and reporting.
Identifies emerging issues, trends, best practice standards and global commitments related to sustainability and makes recommendations regarding adoption and implementation.
Develops climate-related strategies, strategic objectives and implementation plans and tools for internal and external engagement.
Monitor activities and collaborate proactively with colleagues in LOBs and Corporate Areas to continually advance BMO’s climate agenda.
Establishes and maintains good working relationships with internal stakeholders to enhance awareness and drive buy-in of sustainability and influence strategies and actions to capture opportunities related to sustainability, climate change and related topics like sustainable finance, operational sustainability, sustainable procurement, human rights and others.
Provides advice and support on climate-related investor and stakeholder relations, in light of international best practice and understanding of market expectations and diverse stakeholder perspectives.
Contributes to thought leadership and marketing/communication on climate and sustainability matters, to build BMO’s credentials and enhance reputation. I
Actively participates in and represents BMO in international industry associations and working groups.
Represents BMO in public forums through speaking engagements, roundtables, etc.
Prepares Executive and Board-level materials for the Chief Sustainability Officer and delivers presentations to internal councils and committees including to Executive management and the Board of Directors.
Climate Disclosure and Impact Measurement
Capable of advising on innovation and content of climate related sustainability disclosures.
Maintains a deep knowledge and expertise of the climate reporting landscape including the Taskforce on Climate-related Financial Disclosures and CDP.
Capable of advising on public facing statements and policies on climate matters, with internal subject-matter experts, to satisfy market expectations.
Monitors and awareness of legal and regulatory requirements around climate related disclosure and development of disclosure in accordance with those expectations, with the assistance of legal counsel.
Develops and implements impact measurement strategy including in the topics of climate change, financed emissions and others, for internal stakeholders and clients and customers.
KNOWLEDGE AND SKILLS
Experience as a leader on climate change, preferably in the financial sector.
A very strong technical background, as demonstrated by a PhD; a masters in a quantitative discipline; advanced degrees in economics; a professional certification in engineering, accounting, or another relevant discipline.
A wider set of skills relevant for our ESG practice, such as experience in GHG quantification, Life Cycle Analysis, GRESB, CDP, or other areas.
Minimum 10 years’ experience in sustainability, ESG or a related field
Knowledge of climate strategy, disclosure frameworks, best practices and emerging issues
Experience with sustainability reporting, impact measurement and climate analytics
Experience with responsible investing or sustainable finance methodologies and analysis and financial modelling
Strong written and verbal communication skills
Strong relationship management skills
Strong problem-solving skills and ability to navigate ambiguous situations
Motivated self-started with the ability to work independently and lead teams
Politically astute, diplomatic and able to navigate complex corporate and external environment with numerous stakeholders on highly sensitive and controversial topics
Results oriented and goal driven
Organized working style
Strong change management skills
Well-developed negotiation skills and ability to influence decision making
A team player and leader, able to successfully guide the work of others and be committed to achieving common goals
Ability to deal with ambiguity
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.