Manager, Finance
BMO Financial Group - Chicago, IL

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The Manager, U.S. Resolution and Recovery Planning supports the process of planning, development, quality control, executive sign-off and submission of BFC resolution and recovery plan deliverables to relevant regulatory bodies, in line with internal quality expectations and industry best practices. In the context of an actual financial or economic crisis, in concert with BMO's Financial Crisis Management Office, provide financial and operational support to the key BFC committees responsible for action, in line with expectations set out in the plan.

ACCOUNTABILITIES

1. Business Delivery & Operational Effectiveness (Strategy)

* Participate in discussions and reviews with business owners to support the development, maintenance and enhancement of the resolution and recovery plan.
* Author and/or update presentations on and portions of the resolution and recovery plan.
* Support the review and sign-offs of the resolution and recovery plan documents by various stakeholders including business owners, senior executives, Steering Committee, board, etc.
* Project-manage, provide consulting advice, or develop analytic assessments to facilitate regulatory review and Board approval of the plan.

2. Change & Innovation (Advisory)

* Review and discuss resolution and recovery plan recommendations, including those from information needs assessment, with process owners. Develop recommendations for presentation to Steering Committee on implementation priorities and execution approach.
* Support the development and implementation of applicable policies, standards, and operating procedures to support effective risk assessment, internal and external communications and execution of the resolution and recovery plan as required.
* Demonstrates strong project management and time management skills to successfully manage the development and maintenance of the resolution and recovery plan in conjunction with various business owners and support teams.

3. Risk Management and Control (Governance and Analysis/Results)

* Ensures comprehensive coverage of the resolution and recovery plan and effective integration with the various contingency management processes in BFC including the Liquidity, Funding and Capital Management Contingency Plans
* Support the overall development and implementation of a cross-functional framework to support on-going management of the resolution and recovery plan
* Maintain awareness of the market and business developments and proactively assess the implication to the resolution and recovery plan. Make recommendations on updates as appropriate.
* Provide consultative advice to and ensure coordination with other contingency planning and stress testing processes in the Bank.

4. Relationship Management and Communication

* Communicate with the network of internal experts that the team leverages for subject matter expertise and input (in particular, work with the key partners (e.g., Treasury, Capital Management, Risk, Stress Testing, Legal) to ensure the ongoing quality and integration of the outputs
* Communicate with broader stakeholders as necessary on the implications of recovery and resolution in a going concern and gone concern context (e.g., with business leaders, technology partners, risk partners)
* Design and develop materials for key internal leadership forums including the US Steering Committee, US Risk Management Committee, Risk Oversight Committee of the BFC Board and the BFC Board of Directors

5. Leadership

* Support the building of a transparent and sustainable process to deliver the ongoing contribution of key stakeholders, and ensure the appropriate documentation of information and key processes to ensure continuity of the program through any leadership transition
* Support the integration of the resolution and recovery plans with other risk and business decision frameworks, embedding resolution and recovery planning into day-to-day decision-making within the Bank

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About this company
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The Bank of Montreal or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded in 1817 in...