Head, Digital Finance

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The Head Digital Finance will set and execute BMOs digital finance strategy driving innovation and market leadership in digital assets stablecoins and tokenized deposits.

Reporting directly to the SVP and Head North American Treasury & Payment Solutions the Head Digital Finance will have direct accountability for enterprise-wide digital finance strategy and execution. More specifically setting BMOs strategy on digital finance steering resources and investments across the bank and supporting the Operating Groups and individual Lines of Business (LOBs) in developing new regulated revenue-generation solutions that enhance BMOs market competitiveness. The Head Digital Finance will drive coordinated execution of the digital finance strategy and plan across the Lines of Businesses (LOBs) and with Technology & Operations and supporting corporate functions.

Working in partnership with senior leadership Digital Finance SMEs in each Group and the Office of Strategic Management (OSM) the role has the opportunity to shape BMOs market reputation and deliver on BMOs digital finance ambition as it relates to the use of Stablecoins Tokenized deposits Digital Assets custody Digital Assets market-making and hedging and other digital finance solutions across the enterprise. The role will oversee an enterprise-wide digital finance strategy aligned with BMOs overall strategic ambition. The role will be accountable to build and lead a high-performing agile team to establish BMO as a recognized leader in digital finance among its North American peers lead the development of partnerships with emerging technology vendors and potential industry consortiums. The Head Digital Finance oversees coordinates and supports the execution of LOB Digital Finance initiatives and Proof of Concepts (PoCs) ensuring alignment to enterprise strategy. This includes the identification assessment and delivery of client and economic value enterprise governance and controls and coordination of execution to ensure alignment across the operating groups and supporting corporate functions.

The Head Digital Finance acts as BMOs digital finance accountable executive the voice to the market and with regulators. The role represents all BMO Digital Finance initiatives with visibility at the most senior levels of the Bank and represents BMO externally at conferences and industry forums. The role oversees the development of enterprise Digital Finance online/virtual collateral including LOB-specific front-line and client learning and marketing materials working together with the LOBs product and learning teams People & Culture Marketing Communications & Social Impact. The role ensures the effective enterprise management of financial and non-financial risks including reputational cyber data and AI with respect to the use of Stablecoin Tokenized deposits Digital Asset Custody Digital Assets market-making and hedging and other digital finance solutions across the enterprise. The Head Digital Finance manages the enterprise Digital Finance Technology Investment Plan (TIP). Working with the OSM T&O and the LOB leadership teams the role is accountable for the 5-year strategic plan and associated investments / partnerships development of any IAAP recommendations and facilitates EC / Board approval process.

Accountabilities:

• Seeks out and manages partnerships (e.g. emerging technologies vendors industry consortiums) to advance BMOs strategy & goals

• Represents BMO holistically in engaging with potential partners; coordinates changes/evolution to partnerships with each business

• Governs Digital Finance activities tracks all active and proposed initiatives (e.g. key milestones & issues) for broad set of audiences

• Tracks and communicates any updates from Research and LRC teams on regulatory developments and industry highlights Lead Digital Assets Legal Risk & Compliance (LRC)

• Follows industry and key competitive developments; advises on focus areas for BMO. Publishes thought papers alongside Head

• Supports PoC business cases including IAAPs and TIP requests

• Expert advisor on evolving regulations to mitigate potential risks and issues; reviews BMO activities to ensure adherence with guidelines

• Steer BMOs overall strategy and investments in Digital Finance and support Operating Groups in developing new regulated revenue-generating solutions E.g. Digital/tokenized assets cross-border payments foreign exchange settlement digital assets custody market-making & hedging smart contracts

• Understand emerging Digital Finance technology and its potential implications and opportunities in serving BMO clients

• Research investigate select and develop Digital Finance initiatives steering vendor selection strategic partnerships industry consortium participation in a coordinated enterprise approach

• Stay informed on changes to the regulatory landscape and on competitive developments related to Digital Finance

• Serve as market-facing team to communicate and educate the potential benefits and drawbacks of emerging products and services

• Serve as BMO-wide representative on Digital Finance topics to the Board EC investor community and regulators

Qualifications:

• Minimum 10 years of experience in finance fintech or digital asset management with at least 5 years at the leadership level.

• Proven track record of leading cross-functional teams through complex product launches in a highly regulated environment

• Expertise in digital/tokenized assets (e.g. stablecoins tokenized deposits digital asset custody smart contracts) or emerging business concepts and business models

• Strong strategic and regulatory leadership: experience guiding cross-functional teams through digital asset product development and regulatory compliance.

• Demonstrated partnering skills: track record of building and managing vendor consortium and industry collaborations.

• Deep understanding of financial infrastructure system architecture and risk controls relevant to digital assets and crypto.

Please note the base salary for this role with be approximately CDN $200000.00

** This position is also posted accordingly on our U.S. site for interested parties to apply accordingly

#DigitalFinance

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.