Regional Director, Operations
Chicago, IL - USA
Job Summary
Application Deadline:
Address:
320 S Canal StreetJob Family Group:
Wealth Sales & ServiceSupports the branch and/or region in achieving business objectives by providing effective operational support and management of sales compliance and regulatory requirements.
- 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 operational efficiency and effectiveness so that the branch/regional leadership has time to focus on core strategic and sales leadership work.
- Provides technical and operational leadership ensuring adherence to national standards and regulatory requirements.
- Acts as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives/programs.
- Networks with industry contacts to gather competitive insights and best practices.
- Recommends measures to improve organizational effectiveness.
- May consult to or serve on various committees and task forces.
- Provides strategic support on key operational matters.
- Leads key cross-business integration opportunities and projects to support the delivery of an end to end client experience and clear working relationships among partners.
- Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
- Recommends business priorities advises on resource requirements and develops roadmap for strategic execution.
- Conducts independent analysis and assessment to resolve strategic issues.
- Acts as the prime contact for internal/external stakeholder relationships which may include regulators.
- Coordinates and executes specific activities for the implementation of strategic initiatives; includes tracking metrics and milestones.
- Builds effective relationships with internal/external stakeholders.
- Ensures alignment between stakeholders.
- Provides financial analysis planning and forecasting to identify strengths opportunities weaknesses and threats in the region and develop recommendations for how to address.
- Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
- Breaks down strategic problems and analyses data and information to provide insights and recommendations.
- Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.
- Leads change management programs of varying scope and type including readiness assessments planning stakeholder management execution evaluation and sustainment of initiatives.
- Leads the development of the communication strategy focusing on positively influencing or changing behaviour.
- Collaborates across BMO to develop communications strategies and ensure consistency of messaging in order to positively influence or change behaviour.
- Ensures the effective monitoring of operational controls is in place to identify any deficiencies and takes corrective actions to ensure controls are adequate.
- Ensures the regions operations are in alignment with all regulatory requirements and compliance topics; ensures any identified issues are addressed in a timely manner to mitigate risks.
- Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
- Mitigates risks identified and make credit recommendations/decisions that are in accordance with sound credit-granting principles and in compliance with the Banks philosophy and principles as outlined in Corporate Risk Policy as well as appropriate supporting Policies and Procedures.
- Exercises judgment and ensures adherence to Corporate Risk Policy for credit applications ensuring that risks identified are mitigated and credit recommendations/decisions are made in accordance with sound credit-granting principles.
- Leads and implements a disciplined approach for all sales strategies sales management and goals to support market business growth and the focus on the client.
- Plans and controls unit operating expenses in accordance with forecasts.
- Makes recommendations to leaders on financial management processes based on changing requirements.
- Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes analysis and reporting.
- Leads/participates in the design implementation and management of core business/group processes.
- Develops and manages a business/group program.
- Assesses and adapts existing operational programs; develops new capabilities to ensure ongoing success.
- Oversees the design development and implementation of tools and training required to deliver business results.
- Acts as the day to day contact for vendors; supports the implementation maintenance and sustainment of vendor solutions.
- Leads/oversees the management of vendor relationships and provides guidelines for execution; ensures that all agreements are met as per requirements.
- Leads/supports contract negotiations with vendors balancing cost risk and performance.
- Performs various operational activities to meet business objectives client needs and maintain overall service levels.
- Provides administrative/operational support including financial and transactional processing and reporting account processing and documentation compliance processing and other related activities; ensures proper documentation and administration of decisions.
- Meets high quality service standards to maximize relationship retention and growth.
- Identifies and escalates all irregularities and discrepancies to management and compliance as per guidelines.
- Follows through on risk and compliance processes and policies to ensure we safeguard our customers assets maintain their privacy act in their best interests and ensure an effectively run function.
- Protects the Banks assets and complies with all regulatory legal and ethical requirements.
- Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO.
- Influences how teams/groups work together.
- Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple interdependent complex problems.
- Communicates abstract concepts in simple terms.
- Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives.
- Anticipates trends and responds by implementing appropriate changes.
- 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.
Qualifications:
- Typically 9 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
- University Degree with certification preferred (MBA B COMM & CA CMA or CGA).
- Broad and diverse background of the financial service industry and expert knowledge of the banking and personal & commercial credit disciplines for the high net worth (HNW) markets.
- Expert knowledge of all compliance and industry regulations.
- Must meet the licensing and certification requirements for the team / branch / jurisdiction where the mandate is being fulfilled.
- Seasoned expert with extensive industry knowledge.
- Technical leader viewed as a thought leader for innovation.
- Verbal & written communication skills - Expert.
- Analytical and problem solving skills - Expert.
- Influence skills - Expert.
- Collaboration & team skills; with a focus on cross-group collaboration - Expert.
- Able to manage ambiguity.
- Data driven decision making - Expert.
Salary:
$137000.00 - $238000.00Pay Type:
SalariedThe 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.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an e-mail to and let us know the nature of your request and your contact information.
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.
Required Experience:
Director
About Company
We cover the whole balance sheet, from foreign exchange, trade finance and treasury management to corporate lending, securitization, public and private debt and equity underwriting. Our team of experts can also provide a full range of advisory services, along with industry-leading res ... View more