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Financial Controls Specialist

2 months ago


Toronto, Ontario, Canada BMO Full time
Job Summary

We are seeking a highly skilled Financial Controls Specialist to join our team at BMO. As a key member of our finance and accounting group, you will be responsible for developing and maintaining an effective financial governance and controls framework.

Key Responsibilities
  • Develop and implement governance and control related solutions to support business strategy and stakeholder needs.
  • Provide advice and guidance to assigned business groups on the implementation of the governance framework, including effective challenge.
  • Coordinate and participate in the execution of oversight and governance activities, including reporting, assessment of education and training needs, and development and delivery of training.
  • Assist with the maintenance, monitoring, measurement, and reporting on the status of the governance program to various internal and external stakeholder audiences.
  • Support policy, standard, and operating procedures lifecycle management, education and training assessment, development, and delivery, coordination of attestation programs, and reporting.
  • Assist with the interpretation of new or changing regulations and assessing impacts to the governance frameworks and program requirements.
  • Develop and maintain in-depth knowledge of business and related risk management requirements and legislative and regulatory directives and guidance.
  • Support the group/program leader in communicating advice across the Bank on regulatory environment changes to ensure changes are understood.
  • Support the management of governance meetings, including development and approval of agendas, gathering and distribution of documentation, and creation of meeting minutes/output.
  • Build effective relationships with internal and external stakeholders.
  • Act as liaison between stakeholders to align agendas and ensure a clear understanding of the business context.
  • Support the development and execution of strategic initiatives in collaboration with internal and external stakeholders.
  • Lead or participate in change management activities of varying scope and type.
  • Break down strategic problems and analyze data and information to provide governance insights and recommendations.
  • Monitor and track performance and address any issues.
  • Assist in the identification, classification, and addressing of issues.
  • Assist with the coordination and management of the review and sign-off of relevant regulatory reporting.
  • Complete complex and diverse tasks within given rules and limits, and may include handling escalations from other employees.
  • Analyze issues and determine next steps.
Requirements
  • 2-4 years of experience in a related field, or equivalent experience through the BMO campus program.
  • Specialized knowledge in accounting and financial management risk, regulatory compliance, and internal controls.
  • Excellent verbal and written communication skills.
  • Strong organization and collaboration skills.
  • Good analytical and problem-solving skills.
What We Offer

We offer a competitive salary range of $41, $76,500.00, and a comprehensive benefits package, including health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. We are committed to an inclusive, equitable, and accessible workplace, and we strive to help our employees grow and make an impact.