Managing Director & Chief Operating Officer, US Equipment Finance
About The Position
The Chief Operating Officer is a member of the senior leadership team responsible for the operational, financial, technology, governance, and control framework supporting BMO Equipment Finance. The COO provides strategic and operational leadership across accounting, tax, pricing, business application development, technology infrastructure, internal controls, and business transformation initiatives. The COO ensures the integrity of financial and operational processes, oversees regulatory and tax compliance, directs technology modernization, and drives continuous process improvement. The role partners with the President and senior bank leaders to advance business growth, operational excellence, risk management, and customer service. This position combines traditional COO responsibilities with executive accountability for finance, technology, tax, systems transformation, governance, and business operations.
Requirements
- Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
- 15 or more years of progressive leadership experience within equipment finance, commercial finance, banking, leasing, or related financial services industries.
- Deep expertise in lease and loan accounting, pricing, financial controls, and operational management.
- Strong knowledge of U.S. GAAP, IRS regulations, state and local tax compliance requirements, and internal control frameworks.
- Demonstrated success leading major system implementations and business transformation initiatives.
- Experience managing accounting, tax, technology, pricing, and operational teams.
- Proven ability to work effectively with executive leadership, regulators, auditors, and external service providers.
Nice To Haves
- CPA, CMA, CIA, or comparable professional designation.
- MBA or graduate degree in Accounting, Finance, or Business.
- Experience serving on a corporate board or subsidiary governance committee.
Responsibilities
- Lead day-to-day operational functions supporting the equipment finance business and establish priorities aligned with strategic objectives.
- Drive continuous improvement, evaluate workflows, and implement enhancements to improve efficiency, scalability, service quality, profitability, performance, and controls.
- Direct the Accounting Group and ensure compliance with U.S. and international GAAP requirements.
- Maintain a strong internal control environment, recommend enhancements, and partner with Internal Audit and Finance leadership on annual audits and remediation.
- Ensure the accuracy and integrity of financial reporting and accounting operations, and ensure pricing disciplines support profitability, return objectives, and risk-adjusted performance targets.
- Lead the Tax Group and ensure compliance with applicable IRS, state, and local tax regulations.
- Oversee property tax reporting and filings across multiple jurisdictions; manage external tax advisor relationships; monitor tax exposures and implement appropriate controls.
- Oversee development, maintenance, and enhancement of proprietary business applications, including application development, systems integration, and business technology support.
- Ensure compatibility between internally developed applications and core accounting systems, and provide executive oversight of replacement and modernization of the equipment finance lease accounting platform.
- Lead and develop multidisciplinary teams across accounting, tax, pricing, development, and technology functions; assign resources to strategic projects and operational initiatives.
- Build a culture of accountability, collaboration, innovation, and continuous improvement.
- Build and maintain partnerships across BMO Financial Group, including Finance, Tax, Technology, Legal, Compliance, and Audit.
- Support effective governance, timely approval and governance of payments and technology requests, customer issue resolution, stakeholder satisfaction, employee engagement, team development, and project execution.
Benefits
- Health insurance
- Tuition reimbursement
- Accident insurance
- Life insurance
- Retirement savings plans
- Performance-based incentives and discretionary bonuses may be included in total compensation, along with other perks and rewards.
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What This Job Offers
Job Type
Full-time
Career Level
Executive
