03/30/2024
Address:
111 W Monroe - 115 S LaSalle
Job Family Group:
Technology
Provides vision and leadership for developing and implementing innovative and cost-effective information technology strategies, investment plans & operational environments to optimize BMOs technology investment, improve cost effectiveness, service quality, and support aggressive growth.
Reporting into the CIO Wealth Management, this role is responsible for the total business partner relationship, ensuring the development of a direct partnership with the senior executives of US Wealth Management as well as other business leaders. Covers all aspects from Strategic Planning to delivery and application support services. This role also needs to act as the US CIO for Wealth Management, fulfilling all reporting and regulatory requirements in this capacity. Develops and implements new/enhanced, and maintains existing, applications, architecture and solutions that meet current and future business/customer needs, with a drive to rationalization and modernized technology, which will streamline operations, drive out cost, improve customer experience and reduce regulatory, compliance, risk issues and operational defects. Partners with leaders to understand gaps, balance priorities, influence change, remove barriers and strengthen our technology. Client experience and growth continue to be at the core of the Wealth business transformation and strategy. In order to enable the business’ success, resiliency, digitization and simplification are key. To deliver on these goals, strong leadership will be required in the U.S. Wealth Technology portfolio.
Accountabilities:
Leads a growing team of U.S. Wealth Technology professionals of roughly 150 people (44 FTE, others Contingent)
Portfolio management of roughly 45 applications and 10MM of year over year work.
Manages development teams that are accountable for on-time, on-budget delivery of quality solutions which includes analysis, design, development, implementation, and support of applications to ensure and/or maintain alignment with IT strategies and adhering to standards.
Strong focus on digitization of business processes to support BMO’s Digital First agenda
This role is accountable for the business partner relationship with the senior executives within BMO U.S. Wealth
Responsible for the overall technology planning and IT development spend, and ensuring achievement of business and T&O KPIs
Develops a business focused technology strategy/roadmap and set 3–5-year priorities/ milestones, that weaves the company’s digital agenda into the existing framework.
Drives modernization and rationalization of systems/platforms to meet business/function needs.
Acts as the single point of contact for the business/function leadership, facilitating constant dialogue with technology and business peers, to ensure an understanding of business requirements integrating across initiatives and identifying synergies
Works effectively and successfully with third party providers to ensure that projects are executed as agreed; evaluates contracts and relationships to determine the right balance of insourcing vs. outsourcing; renegotiates contracts where necessary
Drives technology and required infrastructure capabilities for initiatives related to the supported business/function and work with internal and external partners to achieve this.
Promotes and supports the Bank’s risk culture ensuring employees understand their accountabilities for risk-taking activities, promoting an environment of open communication and effective challenge, and through leading by example
Develops and maintains a flexible yet disciplined governance structure that optimizes IT priorities, delivery speed and related spend.
Assesses and communicates risks associated with IT investments
Optimizes cross-business opportunities ensuring a consistent and integrated employee experience
Maintains a network of strategic relationships to identify current and emerging technologies/business solutions/vendors/ partners/investment opportunities
Acts as a key participant in enterprise steering committees for all required programs and projects across the portfolio.
Personally, role models customer focus and excellence in service.
Adheres and supports enterprise customer experience and brand standards
Drives the development and implementation of innovative technology strategies and solutions across the enterprise that optimize the customer experience
Instills pride and followership with Being BMO
Ensures alignment between values and behaviour that fosters diversity, inclusion and effective challenge
Develops leaders, plans for succession, and enables high performance with winning culture.
Qualifications:
Post-secondary degree/diploma in Computer Science or equivalent work experiences. Master’s degree in Computer Science or MBA with technology as a core component preferred.
Good understanding of investment business and wealth technologies and business.
In depth expertise in IT development and implementation, acquired through 15+ years of IT managerial experience supporting financial services
Possesses 15+ years’ experience managing and/or directing an IT operation
Advanced understanding of Application Development process and methodologies and the latest innovations
Advanced knowledge of business theory, business processes, management, budgeting and business office operations
Advanced understanding of the organization’s goals and objectives and technical knowledge of current network and operating systems, hardware, protocols and standards
Proven track record in achieving or exceeding objectives
Proven track record of timely, cost-effective and industry-leading delivery
Broad/diverse business knowledge of a range of functions, products and/or systems, or expert knowledge of specialized functions, products and/or systems
Exceptional relationship management, coaching and communication skills
Ability to translate broad, strategic intent into tactical and operational plans
Highly developed strategic planning, including business requirements, project planning, and organizing & negotiating the allocation of resources to deliver on unit priorities
Proven ability to work within a changing environment and lead the implementation of change
Proven leadership capabilities – communication, influence & negotiations, conflict resolution, people management, relationship management (internal & external) and multi-tasking
Advanced level of business acumen, accountability and financial proficiency
Proven ability to partner with clients to identify business challenges and effective strategies/alternatives to mitigate them.
Cloud, Dev ops, RPA and other transformational deliveries.
Strong background and a focus on continuous improvement.
Please note the target base salary range for this specific position is a range from $216,000USD to $240,000 USD
Compensation and Benefits:
Pay Type:
Salaried
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: https://jobs.bmo.com/global/en/Total-Rewards
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 http://jobs.bmo.com/us/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. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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.
