Director, Strategic Initiatives

Application Deadline:

10/08/2024

Address:

100 King Street West

Job Family Group:

Strategy & Change

The Innovation Solutions team focuses on Designing & building E2E innovative solutions: creating design standards & PoC to simplify development and reduce change management efforts.

This role is responsible for fostering the utmost level of innovative solutions throughout the business. In collaboration with BMO Business groups, Technology & Operations, support groups, and vendors, it ensures seamless collaboration and effective partnerships.

Key Accountabilities

Works collaboratively with business/group and stakeholders to assess needs, recommend process improvements and plans & implement solutions.

• Lead the planning, execution, and delivery of strategic initiatives, ensuring they align with the bank's overall objectives and growth strategy.
• Drive cross-functional teams towards the successful completion of strategic projects, overcoming obstacles and ensuring timely delivery within budget.
• Work closely with department heads and external partners to identify opportunities for strategic partnerships, mergers, acquisitions, or divestitures.
• Conduct rigorous market analysis, competitive intelligence gathering, and financial modeling to inform strategic decision-making.
• Oversee the development and refinement of business cases for strategic initiatives, including financial projections and risk assessment.
• Present periodic progress reports on strategic initiatives to senior leadership and stakeholders, offering clear insights and recommendations.
• Foster an environment of innovation and agility, encouraging cross-departmental collaboration and knowledge sharing.
• Ensure that all strategic initiatives adhere to regulatory requirements and ethical standards.

Qualification

• Bachelor’s degree in Business Administration, Finance, or a related field; MBA or equivalent advanced degree preferred.
• A minimum of 10 years’ experience in strategic planning, project management, or a similar role within the banking or financial services industry.
• Knowledge of discretionary, full service investing, financial services industry and fintech
• Demonstrated success in leading and implementing large, complex projects with cross-functional teams.
• Strong analytical and strategic thinking skills, with a proven ability to turn insights into actionable growth strategies.
• Excellent leadership and communication skills, capable of motivating teams and building strong relationships across all levels of the organization.
• Deep understanding of the banking industry, current market trends, and regulatory environment.
• Proficiency in financial modeling and analysis, with a keen eye for detail.
• Ability to work in a fast-paced, results-oriented environment, managing multiple priorities simultaneously.

Salary :

$84,000.00 - $156,000.00

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.