BMO Financial Group Manager, Finance in Toronto, Ontario
The Manager, Contract Management is accountable for managing the intake interpretation and analysis of Technology related contracts, provide driver based insights on development project activities and ensuring strong controls and governance processes. The incumbent will also act as a change agent by actively identifying and pursuing opportunities to improve processes, enhance controls and governance, drive efficiencies and implement process changes.
Manage contract management activities, including documenting and monitoring contractual arrangements with external contractors/ consultants, business application costs (BACs) to ensure the integrity, accuracy and timeliness of information, and ensure compliance with BMO policies and procedures
Drive the integrity of Technology project and cost reporting through the contract review and interpretation process including capitalization processes for both internally developed software and tangible assets
Drive the financial close process(Month-end/Quarterly/Annual) by ensuring the contract management team produces accurate and timely non labour accruals and month end journal entries
Ensure the integrity of reported financial results by determining that appropriate control processes are in place to support the complete and accurate reporting of results
Work hand in hand with the Finance Operations team to ensure invoicing escalations are resolved in a timely manner
Work closely with leaders within the Technology teams, Global Resourcing PMOs, and other Business Partners to ensure appropriate resolution to variances/gaps in forecasts versus service delivery
Plan, organize and control the Contract Management activities and service levels to key stakeholders including managing the escalation process
Support the operationalization of business/function change initiatives to ensure optimal effectiveness and efficiency from a financial perspective
As a member of the Technology Performance Management leadership team, continuously seek and pursue opportunities with fellow Direct Reports to improve the functioning of the broader team
Relationship Management and Team Leadership
Establish strong working relationships with CIO business management teams, Finance & Controllership teams, and with other stakeholders to deliver high quality, effective, efficient support. Includes being an advocate for Technology, while maintaining the objectivity required of a control/governance function.
Work closely with your team to develop individual skills and capabilities to enhance versatility, productivity and capacity
Build and sustain a team of analysts who are capable of delivering the performance required for Technology Performance Management.This includes coaching and the creation and implementation of training and development plans
Apply the Bank’s performance management system, including establishing goals and objectives, assessing skilled knowledge gaps, allocating resources to achieve objectives and close gaps, assessing personal effectiveness, and reviewing and recommending base and variable pay.
Undergraduate or graduate degree in business or economics is required
Accounting designation is preferred, but not required – CPA, CA, CGA, CMA
5 years’ experience in a Finance function in financial services
Excellent verbal and written communication and relationship managements skills
Strong knowledge of accounting principles and practices, and contract formation
Forward and/or critical thinking ability
Flexible, adaptable and highly motivated
Effectively cope with complex and ambiguous situations
Professional team player who thrives in a dynamic environment
We’re here to help
At BMO we have a shared purpose; we put the customer at the centre of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.
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://bmocareers.com .
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.
Financial Planning & Analysis