Head of affiliate and broker dealer liquidity and funding

BMO Financial Group; Toronto; On-site; CAD 113,000 - 212,000; Full time

Job summary

BMO Financial Group seeks a Head of Affiliate and Broker Dealer Liquidity and Funding to manage liquidity, funding, and regulatory capital for crucial broker dealer entities. The ideal candidate should have extensive finance experience, strong leadership skills, and the ability to collaborate effectively across departments while engaging with regulators. This role is pivotal in driving optimization initiatives that enhance performance and meet regulatory expectations.

Benefits

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Performance-based incentives

Discretionary bonuses

Qualifications

• 10+ years of experience in finance, liquidity, and funding.
• Ability to engage at a senior level with stakeholders and regulators.
• Strong knowledge of a dealer balance sheet and capital management.

Responsibilities

• Partner with CFOs to manage liquidity, capital, and funding.
• Own market risk governed limits for broker dealer entities.
• Engage with regulators for compliance with liquidity requirements.

Skills

Leadership

Communication

Problem Solving

Business Ownership Mindset

Collaboration

Market Awareness

Education

Educational background in Mathematics or Engineering

Job description

Head of Affiliate and Broker Dealer Liquidity and Funding

Reporting to the Treasurer of BMO Capital Markets, the Head of Affiliate and Broker Dealer Liquidity and Funding will be responsible for managing liquidity, funding and associated regulatory capital for registered broker dealers in CM while helping drive optimization initiatives to support accretive performance and client outcomes. Entities covered would include Nesbit Burns Incorporated (“NBI”) and BMO Capital Markets Corporation (“CMC”)

The Director will:

• Partner with Broker Dealer CFOs to manage balance sheet from a liquidity, capital and funding perspective.
• Own the market risk governed liquidity and funding risk limits for each of the broker dealer entities, with delegation responsibility to the business lines as needed.
• Coordinate with the CM Treasury Liquidity, Funding and Balance Sheet Optimization team to create the right monitoring, tools and management framework to help feed into the broader GM, CM and enterprise measures.
• Collaborate on the review of policies associated with overall LOB governance, liquidity, capital and interest rate risk management.
• Own the Funding and Liquidity Plans for NBI and CMC, in coordination with the CM Treasury Liquidity, Funding and Balance Sheet optimization team, as well as the US Treasurer where appropriate.
• Engage with regulators as needed to ensure transparent communication and adherence to regulatory requirements and expectations relating to liquidity, capital management and planning, performance measurement, and the business activities of CM.
• Collaborate with businesses and functional areas to ensure prudent business practices, including evaluation of new business initiatives.

Qualifications:

• 10+ experience in finance, liquidity and funding, ideally with Global Markets background in trading, financing or structuring.
• Educational background in Mathematics or Engineering a plus
• Proven leadership and partnership skills and be able to engage at a senior level with internal stakeholder partners, senior management as well as with regulators.
• Well organized, driven, and have a business ownership mindset being able to balance the safety and soundness of the broker dealer entities while being a partner to the business lines to help support accretive returns and optimization.
• Results-oriented with the ability to effectively resolve/manage problems and competing priorities.
• Strong knowledge of a dealer balance sheet, capital, and liquidity.
• Strong written and oral communications skills, with the ability to correspond with multiple levels of management, business lines, stakeholder partners and regulators.
• Results-oriented with the ability to effectively resolve/manage problems and competing priorities.
• Collaborative, and be able to create space and opportunities for dialogue and challenge.
• Be a continual student of the market and the surrounding competitive environment to pick up and take advantage of trends that would support their mandate.
• Ability to move with pace, and take accountability for oversight, governance as well as help be a partner in driving accretive net income and returns.

Application Deadline:

06/10/2025

Address:

100 King Street West

Job Family Group:

Finance & Accounting

Reporting to the Treasurer of BMO Capital Markets, the Head of Affiliate and Broker Dealer Liquidity and Funding will be responsible for managing liquidity, funding and associated regulatory capital for registered broker dealers in CM while helping drive optimization initiatives to support accretive performance and client outcomes. Entities covered would include Nesbit Burns Incorporated (“NBI”) and BMO Capital Markets Corporation (“CMC”)

The Director will:

• Partner with Broker Dealer CFOs to manage balance sheet from a liquidity, capital and funding perspective.
• Own the market risk governed liquidity and funding risk limits for each of the broker dealer entities, with delegation responsibility to the business lines as needed.
• Coordinate with the CM Treasury Liquidity, Funding and Balance Sheet Optimization team to create the right monitoring, tools and management framework to help feed into the broader GM, CM and enterprise measures.
• Collaborate on the review of policies associated with overall LOB governance, liquidity, capital and interest rate risk management.
• Own the Funding and Liquidity Plans for NBI and CMC, in coordination with the CM Treasury Liquidity, Funding and Balance Sheet optimization team, as well as the US Treasurer where appropriate.
• Engage with regulators as needed to ensure transparent communication and adherence to regulatory requirements and expectations relating to liquidity, capital management and planning, performance measurement, and the business activities of CM.
• Collaborate with businesses and functional areas to ensure prudent business practices, including evaluation of new business initiatives.

Qualifications:

• 10+ experience in finance, liquidity and funding, ideally with Global Markets background in trading, financing or structuring.
• Educational background in Mathematics or Engineering a plus
• Proven leadership and partnership skills and be able to engage at a senior level with internal stakeholder partners, senior management as well as with regulators.
• Well organized, driven, and have a business ownership mindset being able to balance the safety and soundness of the broker dealer entities while being a partner to the business lines to help support accretive returns and optimization.
• Results-oriented with the ability to effectively resolve/manage problems and competing priorities.
• Strong knowledge of a dealer balance sheet, capital, and liquidity.
• Strong written and oral communications skills, with the ability to correspond with multiple levels of management, business lines, stakeholder partners and regulators.
• Results-oriented with the ability to effectively resolve/manage problems and competing priorities.
• Collaborative, and be able to create space and opportunities for dialogue and challenge.
• Be a continual student of the market and the surrounding competitive environment to pick up and take advantage of trends that would support their mandate.
• Ability to move with pace, and take accountability for oversight, governance as well as help be a partner in driving accretive net income and returns.

Salary :

$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

About Us

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.

About the company

The Bank of Montreal is a Canadian multinational investment bank and financial services company.

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