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Under the direction of the Managing Director, U.S. Tax Planning and Advisory, the Senior Manager, U.S. Tax Advisory:  

• Provides U.S. tax planning, advisory and compliance guidance for projects and initiatives within the BMO Financial Group (“BMOFG”).
• Advises on domestic and inbound international transactions and impacts on financial statements and income tax filings.
• Partners with members of U.S. Tax Team to ensure that U.S. tax advice and planning for U.S. companies within BMOFG are appropriately reflected in the U.S. tax returns as filed and in the tax provision reported in quarterly consolidated financial statement and relevant legal entity financial statements.
• Assists with tax filing support, review and other BMO Taxation projects as required.
• Assists in implementing best practices with respect to the U.S. tax advisory and compliance projects as appropriate, and fosters an environment of continuous improvement.

KEY ACCOUNTABILITIES

The Senior Manager, U.S. Tax Advisory is responsible for:

Relationship management/Advisory

• Developing and managing relationships with U.S. Lines of Business (“LOBs”) and partnering with the LOBs and other Corporate groups to identify, develop and implement appropriate U.S. tax strategies that minimize the U.S. tax burden and support the financial and strategic initiatives of BMOFG and reinforce commitment to maximizing shareholder value and within the risk tolerance of BMOFG, and provide timely, thorough U.S. tax advice on current and proposed transactions and products and impact of changes in tax legislation.
• Working collaboratively on BMO Taxation projects, as required.
• Identifying U.S. tax withholding and reporting considerations of business transactions and communicating such considerations clearly with the LOBs, Corporate Services teams and operations teams as needed.
• Performing tax research of current and proposed U.S. federal and state income tax laws.
• Reviewing, preparing or presenting formal and informal reports and analysis to support tax objectives, decision making and solution resolution, as required.
• Consulting with external advisors as needed.
• Providing no tax advice directly or indirectly to particular customers or employees of BMOFG.

Leadership/strategy

• Recommending appropriate U.S. tax strategies and support the financial and strategic initiatives of BMOFG and reinforce commitment to maximizing shareholder value.
• Modeling and explaining tax impacts of relevant issues, including tax positions and tax law changes.
• Providing leadership by working collaboratively with BMO Taxation staff and other stakeholders to develop and implement vision, mission, values, operational resource plans, and establishing strategies and action plans to achieve the goals, and actively participating in the implementation of actions necessary to correct internal and external issues.

People

Working with the Canada Tax Team, including the Transfer Pricing Team, on cross-border projects and initiatives, clearly explaining relevant U.S. tax considerations and coordinating with the Canada Tax Team on responses to the LOBs and other stakeholders as needed.

• Displaying and encouraging appropriate high-performance behaviors that are congruent with the BMOFG’s model and for the coaching and mentoring of such behaviors in the BMO Taxation Group.
• Managing external advisors and contractors as needed.

Risk Management and Control

• Monitoring compliance with policies, procedures and controls that ensure U.S. tax advice and planning with respect to the BMOFG is appropriately supported, documented and reviewed, and within the risk tolerance of BMOFG, and any tax risks are identified, assessed, and mitigated and communicated to the Managing Director, U.S. Tax Planning and Advisory, and other stakeholders as appropriate.
• Reviewing and identifying potential U.S. tax risks (with respect to income, indirect and other taxes) inherent within internal initiatives, new investments, new product modifications, and service agreements, among other areas.
• Assisting the Director, U.S. Tax Planning and Advisory, with the preparation of timely, accurate responses to U.S. federal, state and local tax authorities with respect to queries and proposed BMOFG tax adjustments.
• Assisting with external and internal auditors with respect to BMOFG, as required.
• Adhering to all aspects of BMO’s Code of Conduct, including individual accountability as it relates to potential conflicts of interest, safeguarding of customer information, trading in securities, anti-money laundering, privacy and disclosure of outside business activities.

Operational effectiveness

• Overseeing, managing, and strategically prioritizing a number of tax workstreams.
• Working collaboratively to provide timely, thorough income tax advice to LOBs.

Knowledge And Skills

• Professional designation CPA with relevant experience
• Masters' Degree in Accounting or Taxation or Juris Doctor preferred or equivalent coursework
• 8 plus years of experience in corporate tax in a large accounting firm, law firm, or large corporation, preferably in an advisory role
• Comfort with tax research tools including RIA Checkpoint and Bloomberg Tax
• Expertise in the MS Office Suite such as Excel, Word, Outlook, and Copilot.
• Experience with Power BI or similar data visualization tools
• Ability to learn and use other software tools
• Ability to appropriately and responsibly use AI models to increase efficiency and improve outcomes
• Experience with inbound international structures preferred, but not required
• Good communication skills - written, verbal and presentation
• Attention to detail/strive for standard of excellence
• Strong analytical thinking
• Sound judgment and decision making
• Strong business financial analysis skills
• Solid organization, planning and control
• Project management skills
• Strong interpersonal and negotiation skills
• Ability to team with other members of the Tax Group and other stakeholders

Salary:

Pay Type:

The above represents BMO Financial Group’s 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 Group’s expected target for the first year in this position.

BMO Financial Group’s 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: