Manager Compensation

BMO•VIRTUAL(R)59 - REMOTE/TELETRAVAIL - ON - BMO, ON

1d•CA$75,900 - CA$141,900•Remote

About The Position

Manager Compensation is responsible for applying expertise and providing advice in the calculation, analysis, and reporting of financial results in compliance with applicable standards and regulatory requirements. This role works across BMO to deliver accounting program/process results aligned with overall group goals. The Manager Compensation reviews and/or personally delivers some accounting services and processing activities, supporting an efficient and effective accounting function that uses common information sources and practices, reduces ongoing costs, and increases service level performance. The role executes work to deliver timely, accurate, and relevant information and reporting of group, legal entity, and reportable segments results for management and statutory reporting. It provides input into the planning and implementation of financial programs to manage the fiscal period close processes and works in conjunction with others to ensure sign-off and attest to reported financial results. The Manager Compensation analyzes data and information to provide financial performance insights and recommendations for consolidated business financial statements, identifies emerging issues and trends to inform decision-making, and monitors and tracks financial information compliance with standards and regulations, addressing any issues. This role provides information and supports the process for internal (e.g., corporate, SOX) and external audits. It integrates information from multiple sources to enable more efficient processes, enhanced analysis, and/or streamlined reporting, and designs and produces regular and ad-hoc reports and dashboards. The Manager Compensation builds effective relationships with internal/external stakeholders across functional disciplines, acting as a liaison between stakeholders to align agendas and ensure a clear contextual understanding of the business needs. It supports the development and execution of accounting, risk, and regulatory strategic initiatives in collaboration with internal and external stakeholders, and liaises with internal and external auditors and regulators to provide necessary information to support arising issues and responses to questions. The Manager Compensation acts as a trusted advisor to assigned business/group to interpret accounting changes identified by the Chief Accountants’ Group; assesses impacts on financial results and reporting requirements; supports the implementation of applicable process and control change requirements. It assists in the development of strategic plans to manage and execute the reporting/accounting needs and support business objectives. The role participates in the design, implementation, and management of core business, group, legal entity financial processes, reporting, systems, and controls to improve the quality and effectiveness of financial information and management of risks. The focus is primarily on business/group within BMO, though broader, enterprise-wide focus may be assigned. The Manager Compensation provides specialized consulting, analytical and technical support, and exercises judgment to identify, diagnose, and solve problems within given rules. The role works independently and regularly handles non-routine situations. Broader work or accountabilities may be assigned as needed. The Manager Compensation takes measured risks while protecting the bank by applying our Risk Management Framework in the execution of their role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk-informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.

Requirements

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.

Nice To Haves

Professional accounting designation is preferred.

Responsibilities

Executes work to deliver timely, accurate, and relevant information and reporting of group, legal entity, and reportable segments results for management and statutory reporting.
Provides input into the planning and implementation of financial programs to manage the fiscal period close processes.
Works in conjunction with others to ensure sign-off and attest to reported financial results.
Analyses data and information to provide financial performance insights and recommendations for consolidated business financial statements.
Identifies emerging issues and trends to inform decision-making.
Monitors and tracks financial information compliance with standards and regulations, and addresses any issues.
Provides information and supports the process for internal (e.g. corporate, SOX) and external audits.
Integrates information from multiple sources to enable more efficient processes, enhanced analysis, and/or streamlined reporting.
Designs and produces regular and ad-hoc reports and dashboards.
Builds effective relationships with internal/external stakeholders across functional disciplines.
Acts as liaison between stakeholders to align agendas and ensure a clear contextual understanding of the business needs.
Supports development and execution of accounting, risk, and regulatory strategic initiatives in collaboration with internal and external stakeholders.
Liaises with internal and external auditors and regulators to provide necessary information to support arising issues and responses to questions.
Acts as a trusted advisor to assigned business/group to interpret accounting changes identified by the Chief Accountants’ Group; assesses impacts on financial results and reporting requirements; supports the implementation of applicable process and control change requirements.
Assists in the development of strategic plans to manage and execute the reporting / accounting needs and support business objectives.
Participates in the design, implementation, and management of core business, group, legal entity financial processes, reporting, systems, and controls to improve the quality and effectiveness of financial information and management of risks.
Provides specialized consulting, analytical and technical support.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently and regularly handles non-routine situations.
Broader work or accountabilities may be assigned as needed.
Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.