Director

Application Deadline:

05/21/2024

Address:
100 King Street West

Job Family Group:

Technology

The Director is responsible for managing the technology & operations aspects of mergers, acquisitions, and divestitures, maintaining our target knowledge base as well as enhancing our CoE (Center of Excellence) driving best practices in M&A. Serves as an advisor and partner between the business/group and T&O to define & document technology requirements for a business/group. Provides subject matter expertise for all IT systems related initiatives. Manages initiatives, supports and delivers on operational goals.

• Managing the integration of company's technology & operations
• Reviewing infrastructure and strategy of target companies and collecting up-to-date intelligence
• Assessing controls, compatibility, and synergies
• Developing M&A practice knowledge, expertise, and resources

This role requires significant collaboration with cross-functional teams across the enterprise including T&O, procurement, finance, communications, audit, legal and other areas to ensure successful transitions and maximize value from integration.

Strong analytical, project/program management, communication, presentation (incl. PowerPoint), negotiation skills are essential to this role.

Responsibilities

• T&O Infrastructure Evaluation: Assessing technological landscape of companies. Includes understanding systems, software, networks, and hardware to identify potential synergies, redundancies, and compatibility issues.
• Compatibility and Synergy Assessment: Analysis how well the IT systems of the merging entities align. Look for opportunities to leverage shared technologies, streamline operations, and enhance overall efficiency.
• Data Migration Management: Handling transfer of data between companies. Oversight of this process, ensuring sensitive information is securely transferred and that there is no disruption.
• Cross-Functional Collaboration: Work closely with various stakeholders, including T&O teams, finance, legal, and business partners. Advanced communication and collaboration are essential to align technology initiatives with business strategies and objectives.
• Analytical Skills: Strong analytical abilities to assess complex technical environments, identify opportunities and risks, and develop strategic recommendations for technology integration and optimization.
• Project Management: In-depth planning, coordination, and execution. Oversight of programs/projects from inception to completion, ensuring that timelines are met, resources are allocated efficiently, and objectives are achieved.
• Communication and Negotiation: Clear communication is fundamental; must effectively communicate complex technical concepts to non-technical stakeholders and negotiate solutions that balance the needs of all parties involved.
• Process Standardization: The CoE establishes standardized processes, methodologies, and tools for executing M&A transactions across the organization. This ensures consistency, efficiency, and compliance with regulatory requirements throughout the M&A lifecycle.
• Due Diligence: Leads or supports due diligence efforts for potential M&A targets, conducting comprehensive assessments of financial, operational, legal, and technological aspects to evaluate risks and opportunities associated with the transaction.
• Knowledge Management: The CoE maintains a repository of best practices; processes, tools and templates etc.
• Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through

• Acts as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives.
• Identifies emerging issues and trends to inform decision-making.
• Networks with industry contacts to gather competitive insights and best practices.
• May consult to or serve on various committees and task forces.
• Develops the business case by identifying needs, analysing potential options and assessing expected return on investment.
• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
• Conducts independent analysis and assessment to resolve strategic issues.
• Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Acts as the primary liaison between the business and Technology & Operations.
• Builds effective relationships with internal/external stakeholders.
• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
• Monitors and tracks performance, and addresses any issues.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Collaborates across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behaviour.
• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Recommends measures to improve organizational effectiveness.
• Tracks metrics and milestones, makes recommendations for resolution and escalates as appropriate when issues arise.
• May network with industry contacts to gather and identify competitive insights and best practices.
• Executes work to deliver timely, accurate, and efficient service.
• Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO.
• Influences how teams/groups work together.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.
• Communicates abstract concepts in simple terms.
• Broader work or accountabilities may be assigned as needed.

Qualifications

• Project/Program Management: Experience managing multiple complex projects from inception to completion, including overall status reporting, planning, scheduling, resource allocation, and risk management.
• Technical Skills: Strong technical proficiency in IT systems, software applications, databases, networking, and cybersecurity.
• Industry Knowledge: Familiarity with the Financial industry and M&A.
• Experience: Previous experience in technology consulting, M&A advisory, project management, or a related field. Experience with IT infrastructure assessments, system integrations, data migrations, and post-merger optimizations is particularly relevant.
• Negotiation and Stakeholder Management: Ability to negotiate solutions, resolve conflicts, and manage relationships with internal and external stakeholders is critical. Experience navigating complex organizational structures and balancing competing priorities is highly valued.
• Other: Ability to work with limited supervision, learn and adapt quickly. Willingness to travel and work non-regular business hours during deals, as required.
• Typically 9+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Analytical and problem solving skills - Expert.
• Able to manage ambiguity.

Compensation and Benefits:

$113,900.00 - $211,800.00

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 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.