Senior Manager, U.S. Tax Advisory

BMO•Chicago, IL

1d•$112,200 - $209,000

About The Position

Under the direction of the Managing Director, U.S. Tax Planning and Advisory, the Senior Manager, U.S. Tax Advisory provides U.S. tax planning, advisory and compliance guidance for projects and initiatives within the BMO Financial Group (“BMOFG”). This role advises on domestic and inbound international transactions and their impacts on financial statements and income tax filings. The Senior Manager partners with members of the U.S. Tax Team to ensure that U.S. tax advice and planning for U.S. companies within BMOFG are appropriately reflected in the U.S. tax returns as filed and in the tax provision reported in quarterly consolidated financial statements and relevant legal entity financial statements. The role also assists with tax filing support, review, and other BMO Taxation projects as required, and assists in implementing best practices with respect to U.S. tax advisory and compliance projects, fostering an environment of continuous improvement.

Requirements

Professional designation CPA with relevant experience
Masters' Degree in Accounting or Taxation or Juris Doctor preferred or equivalent coursework
8 plus years of experience in corporate tax in a large accounting firm, law firm, or large corporation, preferably in an advisory role
Comfort with tax research tools including RIA Checkpoint and Bloomberg Tax
Expertise in the MS Office Suite such as Excel, Word, Outlook, and Copilot.
Experience with Power BI or similar data visualization tools
Ability to learn and use other software tools
Ability to appropriately and responsibly use AI models to increase efficiency and improve outcomes
Good communication skills - written, verbal and presentation
Attention to detail/strive for standard of excellence
Strong analytical thinking
Sound judgment and decision making
Strong business financial analysis skills
Solid organization, planning and control
Project management skills
Strong interpersonal and negotiation skills
Ability to team with other members of the Tax Group and other stakeholders

Nice To Haves

Experience with inbound international structures preferred, but not required

Responsibilities

Developing and managing relationships with U.S. Lines of Business (“LOBs”) and partnering with the LOBs and other Corporate groups to identify, develop and implement appropriate U.S. tax strategies that minimize the U.S. tax burden and support the financial and strategic initiatives of BMOFG.
Reinforcing commitment to maximizing shareholder value and within the risk tolerance of BMOFG, and provide timely, thorough U.S. tax advice on current and proposed transactions and products and impact of changes in tax legislation.
Working collaboratively on BMO Taxation projects, as required.
Identifying U.S. tax withholding and reporting considerations of business transactions and communicating such considerations clearly with the LOBs, Corporate Services teams and operations teams as needed.
Performing tax research of current and proposed U.S. federal and state income tax laws.
Reviewing, preparing or presenting formal and informal reports and analysis to support tax objectives, decision making and solution resolution, as required.
Consulting with external advisors as needed.
Recommending appropriate U.S. tax strategies and support the financial and strategic initiatives of BMOFG and reinforce commitment to maximizing shareholder value.
Modeling and explaining tax impacts of relevant issues, including tax positions and tax law changes.
Providing leadership by working collaboratively with BMO Taxation staff and other stakeholders to develop and implement vision, mission, values, operational resource plans, and establishing strategies and action plans to achieve the goals, and actively participating in the implementation of actions necessary to correct internal and external issues.
Working with the Canada Tax Team, including the Transfer Pricing Team, on cross-border projects and initiatives, clearly explaining relevant U.S. tax considerations and coordinating with the Canada Tax Team on responses to the LOBs and other stakeholders as needed.
Displaying and encouraging appropriate high-performance behaviors that are congruent with the BMOFG’s model and for the coaching and mentoring of such behaviors in the BMO Taxation Group.
Managing external advisors and contractors as needed.
Monitoring compliance with policies, procedures and controls that ensure U.S. tax advice and planning with respect to the BMOFG is appropriately supported, documented and reviewed, and within the risk tolerance of BMOFG, and any tax risks are identified, assessed, and mitigated and communicated to the Managing Director, U.S. Tax Planning and Advisory, and other stakeholders as appropriate.
Reviewing and identifying potential U.S. tax risks (with respect to income, indirect and other taxes) inherent within internal initiatives, new investments, new product modifications, and service agreements, among other areas.
Assisting the Director, U.S. Tax Planning and Advisory, with the preparation of timely, accurate responses to U.S. federal, state and local tax authorities with respect to queries and proposed BMOFG tax adjustments.
Assisting with external and internal auditors with respect to BMOFG, as required.
Adhering to all aspects of BMO’s Code of Conduct, including individual accountability as it relates to potential conflicts of interest, safeguarding of customer information, trading in securities, anti-money laundering, privacy and disclosure of outside business activities.
Overseeing, managing, and strategically prioritizing a number of tax workstreams.
Working collaboratively to provide timely, thorough income tax advice to LOBs.