Director, Capital Markets Product Control

Bank of Montreal; Toronto; On-site; CAD 120,000 - 215,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Retirement savings plans

Job summary

Bank of Montreal seeks a Director of Capital Markets Product Control to lead one or more focus areas across derivatives, fixed income, equities, and related accounting control environments. You will ensure the integrity of P&L and general ledger, drive process improvements, and partner with Front Office, Finance, Risk and Technology to implement changes.

The role requires an accounting designation (CA/CPA) and 10+ years in capital markets product control, with strong leadership, technical

Qualifications

• University degree with accounting background and professional designation preferred.
• Minimum 5–10 years in capital markets product control and related regulatory standards.
• Strong knowledge of US and IFRS accounting standards and capital markets products.

Responsibilities

• Lead and manage Capital Markets Product Control with a focus on technical excellence and control efficacy.
• Ensure integrity of daily P&L and general ledger, including reconciliations and attestations.
• Drive process improvements, AI adoption, and SOX readiness across regions.

Skills

Team Leadership

Business Acumen

Technical Excellence

Excel & VBA

Communication

Relationship Management

Change Management

Education

Accounting designation (CA/CPA)

University degree

CFA designation (asset)

Tools

Imagine

ADP (BPS)

ICI (Impact)

Calypso

SwapOne

Global One

Essbase/Smartview

S4 Hanna GL

Job description

Application Deadline:10/02/2026Address:100 King Street WestJob Family Group:Customer Shared ServicesReporting to the Managing Director of Enterprise Product Control, the Director of Capital Markets Product Control (CM PC) leads one or more of the focus areas (defined below) within the group responsible for the specialized accounting processes and related control environment supporting Capital Market activities.The Capital Markets Product Control Group includes the following focus areas:Derivative and Nesbitt Burns Product (BMO’s Canadian broker/dealer subsidiary BMO Nesbitt Burns Inc). Fixed Income, Equities and Capital Markets Corporation Product Control (BMO’s US broker/dealer subsidiary BMO Capital Markets Corporation (“CMC”)) Investment & Commercial Banking (“I&CB”) Product ControlThe teams within Capital Markets Product Control are organized to support aligned functions and lines of business. Each group is led by at least one of the following; Director, Associate Director or Manager who provide direct oversight of control execution, under the strategic leadership of the Managing Director.The CM Product Control team is responsible for;Responsible for ensuring the integrity and accuracy of the P&L and PAA processResponsible for ensuring the integrity and accuracy of the general ledger including initiating or reviewing accounting entries, completing reconciliations and providing financial attestations.Ensuring appropriate accounting policies and best practices are followedPerforming complex analysis and investigationsLeading the identification and implementation of process and control improvementsEnsuring the readiness of operational accounting for new product initiatives, accounting changes and system implementations or upgradesParticipating in change initiatives performing requirements gathering, process design, system testing and post-implementation reviewsPartnering with Front Office, Finance, Risk and Controls, Trade Support, Project Delivery, Technology and Operations to enhance end-to-end process and controlsLeveraging AI to improve processes and drive efficienciesThe Director, CM PC leads a critical function in supporting Capital Markets and is required to be an expert in P&L reconciliations, securities accounting, capital markets products, processes and systems. This leader delivers senior business knowledge, specialized technical expertise, and well-established management skills to ensure that financial accounting processes are developed, implemented and reviewed in alignment with the bank’s financial, regulatory and audit standards.This role is critical to both the operational excellence and the successful completion of change programs aimed at transforming existing Capital Markets transactional reporting, risk and governance processes while ensuring the maintenance of a robust and comprehensive technology infrastructure. This leader will effectively collaborate, often with little reliance on formal authority, with senior partners in the Front Office, Finance, Securities Operations, Risk and Technology to innovate and implement effective change to support those processes and to improve the efficiency and effectiveness of the financial processes within BMO.This role is accountable for Technical Excellence, Team Management, Operational Effectiveness, Risk Management and Control, Change Management, and Relationship Management by creating and maintaining a proactive service environment that maximizes employee productivity and customer service effectiveness.Key Accountabilities:The incumbent is accountable for:1. Capital Markets Product Control (Technical Excellence)Deliver an effective control environment for Capital Markets financial reporting and ensures any notified changes in the external environment (regulatory, tax, policy) are reviewed and implementedLead the adoption of AI in daily and monthly processesMaintain an effective SOX environmentLeads the daily reconcilement and reporting of Trader P&L’s and PAALeads end-to-end accounting support from the source sub-ledgers to the entity general ledgers, for Capital MarketsEnsures the integrity and accuracy of the daily P&L, entity general ledger by initiating accounting entries, completing reconciliations and providing financial attestations which includes;Leads the accurate and timely reconciliation of daily P&L (daily Financial Estimate) and obtaining Trader SignoffsLeads the accurate and timely reconciliation of the monthly P&L (Monthly Financial Actual) and obtaining Trader Signoffs.Leads the accurate and timely preparation of month-end and quarterly reconciliations from source system to general ledgerLeads the monthly attestation process for all CM Product Operations Accounting accountsLeads end-to-end accounting support from the source sub-ledgers to the entity general ledgers, for Capital Markets2. Team ManagementLeads and manages a highly specialized team by setting context and direction aligned to organizational goals, defining accountabilities, identifying learning and training requirements for the teamCreates a learning environment aimed at continuously developing staff skills by identifying learning needs, providing regular feedback and motivating staff to achieve development goalsManages staff performance including identifying and managing staff with high performance and those with performance issues and effectively acting when appropriateManages diverse talent to identify key talent and provide further growth opportunities both for key talent individuals and for other talent who show potentialEngages in personal development to enhance skills and knowledge that will keep pace with changing business needs and allow technical and product knowledge to be kept currentAttracts top talent into BMO3. Operational EffectivenessImprove data lineage and operational processInvestigates and reviews operational processes and accountabilities in order to improve efficiencies, reduce risk to the organization4. Risk Management and ControlLeads the development, implementation, assessment and maintenance of appropriate standards of service for this complex business unit that is highly regulated and must adhere to strict deadlines5. Change ManagementLeads change programs by identifying, assessing, implementing and reviewing innovative solutions to improve the control environment and related accounting processes of their groupDevelops and implements continuous improvement of business processes and procedures within this group6. Relationship ManagementPartners with key stakeholders to identify and implement process and control improvements to enhance end-to-end process and controls (key stakeholders include: Front Office, Finance, Risk and Controls, Trade Support, Project Delivery, Technology and Operations)Actively engages with the Management Group to identify and support initiatives and programs that enhance the performance of the groupDevelops and maintains strong relationships with clients/peers within industry (external and internal) for purposes of enhancing business effectivenessScope and Impact:Business supported: Capital MarketsRegions Supported: Canada, US, London, Ireland, Asia.Legal entities supported: Multiple in Canada, US, Europe, Asia.Complexity of activity: highly complex – specialized accounting.Knowledge and Skills:Knowledge:University degree with a minimum 5-10 years of experience in the financial services sector with a focus on capital markets, product control and related regulatory, control and operating environmentAn accounting designation (CA, CPA) or 10 plus years of direct experience is required. A CFA designation is considered an assetKnowledge of US and IFRS accounting standards, including audit practices, financial reporting processes and industry standardsIn depth knowledge in Capital Markets Products and Services (subject matter expert in capital markets products and operations).General working knowledge of both Capital Market Product and Financial Reporting systemsSolid knowledge and understanding of Capital Markets Product Operations business, services and organizationSystems knowledge of the following: Imagine, ADP (BPS), ICI (Impact), Calypso, SwapOne, Global One, Essbase/Smartview, S4 Hanna GL would be an asset.Skills:Team LeadershipIn depth Business AcumenTechnical ExcellenceAIStrong Computer skills, including strong knowledge of Excel and VBAOperational ExcellenceCommunicationRelationship Management (internal and external)Change ManagementInfluence and NegotiationPeople management (diverse talent management)Salary :$120,000.00 - $215,000.00Pay Type:SalariedThe 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-RewardsAbout UsAt 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.