Senior Manager Customer Tax Programs

Address:

This role will require 4 days a week in the Toronto office

Supports the business/group leader in the effective implementation maintenance and administration of first line of defense (1st LOD) client tax programs (e.g. FATCA/CRS Tax Slips etc.) including overseeing business operations within the P&BB Canada to ensure adherence and efficiency. Contributes to a strong risk management culture through collaboration with other first line employees and second & third line functions to ensure regulatory requirements around client tax reporting to the CRA and related recordkeeping are met.

• Fosters a culture aligned to BMO purpose values and strategy and role models BMO values and behaviours in all that they do.
• Ensures alignment between values and behaviour that fosters diversity and inclusion.
• Regularly connects work to BMOs purpose sets inspirational goals defines clear expected outcomes and ensures clear accountability for follow through.
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
• Attracts retains and enables the career development of top talent.
• Improves team performance recognizes and rewards performance coaches employees supports their development and manages poor performance.
• Makes recommendations to senior leaders on strategy and new initiatives based on an in-depth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies pertaining to FATCA/CRS Requirements the Income Tax Act (Parts XVIII / XIX) Intergovernmental Agreements (IGAs) CRA Guidance on the Common Reporting Standard
• Acts as a subject matter expert on sections of the Income Tax Act pertaining to issuance of tax slips (Part II Information Returns) and associated CRA Guidance
• Manages external relationships with vendors that advise on complex matters pertaining to regulatory or legal interpretations of tax regulations
• Acts as a strategic partner in further evolving the P&BB Canada FATCA/CRS Governance Program and enhancing governance practices around broader client tax accountabilities
• Liaises with Tax Governance Office in Corporate Finance and with other Operating Groups to coordinate best practices and filing activities pertaining to shared legal entities
• Liaises with partners in Technology and Operations that support the systems processes and vendor relationships collectively generating and filing information returns to the CRA
• Leads the Quarterly Tax Risk Committee for Canadian P&BB and contributes reporting or leadership briefs to other forums committees or project steercos.
• Leads multiple complex initiatives to implement technology change requests reporting monitoring controls regulatory change and annual maintenance in the processes systems and data driving core regulatory reporting to the CRA or related mandatory recordkeeping
• Supports multiple similar business units with moderate complexity & business transaction risk.
• Represents the business/group on Governance/Risk Working Groups/Forums and provides regular updates.
• Monitors and advises on management of risk requirements within the defined risk appetite as it relates to key end-to-end client tax processes.
• Maintains playbooks or procedure documentation outlining P&BB processes performed in branches call centre or HQ areas.
• Monitors industry and legislative developments in collaboration with Tax Governance and external advisors to continuously update programs
• Leads the execution of annual BAU activities for FATCA/CRS Reporting Annual Monitoring/Client Reach-outs and Tax Slip Maintenance
• Build inventory of regulatory requirements governing our end-to-end tax processes and recordkeeping
• Act as an advisor to other risk teams on what key data risk transaction processing risk or other controls they require to ensure integrity in the tax programs.
• May network with industry contacts to gain competitive insights and best practices.
• Recommends business priorities advises on resource requirements and develops roadmap for strategic execution.
• Respond to inquiries from the CRA and support P&BB and Tax Governance throughout any regulatory examinations performed by the CRA
• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
• Conducts independent analysis and assessment to resolve strategic issues.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Breaks down strategic problems and analyses data and information to provide insights and recommendations.
• Develop and monitoring key performance indicators associated reporting and an escalation process to raise issues where appropriate.
• Leads change management programs of varying scope and type including readiness assessments planning stakeholder management execution evaluation and sustainment of initiatives.
• Builds awareness knowledge and skills and as necessary provides communication practical tools and ongoing support including making presentations to promote a culture of risk identification and management.
• Develops and maintains an understanding of the business/group strategies and objectives products and services internal and external stakeholders and business processes as well as the underlying infrastructure to identify and manage risk exposures stemming from CRA regulatory enforcement.
• Recommends adjustments to the overall programs policy or processes within the business/group in accordance with the Risk Appetite Statement Governance and Corporate Policy.
• Supports the business/group through internal/external audits or regulatory examinations and assists in development of action plans to resolve any identified issues.
• Provides support to the development and delivery of training and awareness programs within the business/group to increase awareness of and compliance to risk management requirements.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically 10 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Program Management skills - Expert.
• Seasoned professional with a combination of education experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

The above represents BMO Financial Groups pay range and type.

Salaries will vary based on factors such as location skills experience education and qualifications for the role and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.

BMO Financial Groups total compensation package will vary based on the pay type of the position and may include performance-based incentives discretionary bonuses as well as other perks and rewards. BMO also offers health insurance tuition reimbursement accident and life insurance and retirement savings plans. To view more details of our benefits please visit: Us

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. Well 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 well help you gain valuable experience and broaden your skillset.

To find out more visit us at is committed to an inclusive equitable and accessible workplace. By learning from each others 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.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO directly or indirectly will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid written and fully executed agency agreement contract for service to submit resumes.