Head, Global Corporate Funding

Please note: This role is posted on our career site for both Canadian and US candidates to apply as they see fit. With the prime working locations as Toronto, ON and/or Chicago, IL.

Leads strategic build, management, and execution of the Bank’s multi billion-dollar global term funding, securitization, and capital issuance programs. Corporate Treasury is the first line of defence for Enterprise funding management. Ensures the Bank is well-funded at all times and is critical to the achievement of the Bank’s strategic and growth objectives and its competitive positioning. Minimizes Bank funding costs while broadening the Bank’s debt investor base. Identifies and recommends actions to Senior Leaders based on market trends or regulatory developments to ensure the Bank is at the forefront of an optimal global funding platform. Coordinates highly technical and complex risk practices in a fast paced and evolving environment using expert market knowledge and business judgment, and strong team leadership and relationship management skills.

Accountabilities:

• Partners with business executives and leaders to develop funding and securitization capabilities and optimize funding and capital opportunities (e.g., Canadian mortgage portfolio) across the Bank. Creates new funding programs to diversify and achieve cost effective funding.
• Acts as lead role in recommending to Senior Leaders (Treasurer, CFO, BSCMC, RRC) the Bank’s securitization & funding strategy over a multi-year plan horizon. This includes forecasting the bank’s structural cash position, liquidity metrics, and TLAC position to optimize funding strategy while maintaining compliance with legal/regulatory requirements.
• Provides funding input for Enterprise-Wide Stress Testing, OSFI Macro-Stress Testing, and resolution/recovery planning.
• Securitization funding programs include credit card, auto, HELOC, mortgage, Covered Bond, Canada Mortgage Bond, and MBS.
• Communicates the Bank’s funding strategy to external investors and analysts in order to expand the Bank’s investor base.
• Corporate funding programs include capital, senior note and structured product issuance.
• Maintains relationships within the industry to understand the evolution of Corporate Treasury best practices.
• Acts as key liaison with LOB executives and leaders to review, recommend, and educate on funding costs as well as LOB funding requirements.
• Oversees the development and manage the execution of the Bank’s securitization and capital markets funding programs globally. Provides leadership and advocates new initiatives to cross-functional teams comprised of internal and external stakeholders through process from approval to execution. Recommends optimal transaction pricing, term, and size.
• Monitors the market environment and related metrics to ensure the Bank has access to diverse and cost-effective funding sources globally.
• Recommends and execute the funding strategy for the Bank's supplemental liquid asset portfolio.
• Develops and recommends strategies to expand the Bank’s investor base and global market access. Recommends and executes debt marketing activities in support of initiatives and oversee development of marketing materials. This includes directly engaging prospective and current investors to expand the Bank’s global funding capabilities.
• Subject matter expect for rating agency methodologies; Provides advocacy and analytics to support favourable bank rating and rating agency annual fees
• Develops strategies and identifies opportunities to maximize performance that will directly affect the success of the Bank. Overall P&L accountability and reporting for funding activities.
• Partners with Capital Management Group to structure and execute capital productivity transactions (i.e., risk transfer transactions).
• Subject matter expert and senior contact for external investment dealers looking to discuss and execute securitization and capital market funding opportunities for the Bank.
• Liaises with BMO subsidiaries and cross functional stakeholders to structure & execute successful intercompany funding transactions.
• Represents the Bank on industry specialty groups and with regulators to advocate the Bank’s position on market or regulatory developments. Provides updates to Senior Executives on implications of regulatory changes and insight on peer positions.

Qualifications:

• Ability to synthesize technical information
• One or more of the following: MBA Finance, CA, CFA
• Ability to manage multiple tasks and meet timelines without compromising the integrity of the information
• Deep understanding of the function as outlined, and of related industry best practices
• Strong understanding of capital management
• Able to apply designation/education and financial experience in a financial services organization
• Strong customer service focus
• Conceptual and strategic thinker
• 15+ years of experience in Investment Banking, Capital Markets or Treasury
• Strong knowledge of the Bank’s structure and key product offerings
• Knowledge of economic, social and political forces and marketplace trends
• Excellent project management skills and able to manage and lead cross functional teams
• Comfort and experience dealing with senior executives
• Excellent communication skills, both verbal and written
• Strong understanding of accounting and tax concepts
• Ability to influence senior executives and other internal and external stakeholders
• Excellent organizational and analytical skills
• Strong interpersonal and leadership skills
• Strong knowledge of various research tools, including Bloomberg
• Expert knowledge of securitization or capital markets with transaction experience
• Expert knowledge of financial analysis and financial modeling

We’re here to help

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. We’ll 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, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s 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.