BMO Financial Group: Senior Manager, Tax Operations Advisory

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  • Location:
  • Salary:
    negotiable / month
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  • Posted:
    7 days ago
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Address:100 King Street West Job Family Group:Finance & Accounting Under direction of the VP Taxation, the Senior Manager Taxation, Tax Operations Advisory is responsible for collaborating with Operations Groups and the Lines of Business (LOBs) to provide tax technical advice with respect to the U.S. Foreign Account Tax Compliance Act (“FATCA”), the Qualified Intermediary (“QI”) and Qualified Derivatives Dealer (“QDD”) regimes, the OECD Common Reporting Standard (“CRS”) and other analogous rules. In particular, the Senior Manager Taxation, Tax Operations Advisory will ensure their advice allows the Operations Groups and LOBs to develop processes and procedures that ensure BMO Financial Group complies with tax requirements for documenting the tax status of customers, suppliers, etc and reporting specific information to tax authorities and withholding taxes from these payments. The Senior Manager Taxation, Tax Operations Advisory also provides advice with respect to other U.S. and Canadian tax reporting and withholding rules with respect to the tax implications of corporate actions, informs the Operations Groups and LOBs on current developments on the rules and the regulations surrounding changes in tax information reporting and withholding, and advises the Operations Groups and LOBs on the management of the associated tax risks. Supports tax advisory and management advice for an assigned business/group to ensure compliance and the best possible outcome for tax implications. Works with stakeholders in Finance and the business to support the business objectives through tax advisory, audits as well as corporate acquisitions, divestitures, and corporate reorganizations. Applies knowledge and research of the relevant tax legislation and guidelines that can impact the business.Provides strategic input into business decisions as a trusted advisor.Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.Acts as a subject matter expert on relevant regulations and policies.May network with industry contacts to gain competitive insights and best practices.Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.Develops new connections and builds deeper networks that create cross- team interactions.Works with stakeholders to establish priorities.May own internal/external stakeholder relationships.Manages tax research and analysis including reviewing or preparing tax opinions and communicating research findings.Performs research based on current and proposed tax legislation, regulations and guidelines; supports the group leader in communicating advice across the Bank related to changes.Breaks down strategic problems, and analyses data and information to provide tax-related insights and recommendations.Builds effective relationships with internal/external stakeholders.Acts as liaison between stakeholders in order to align agendas and ensure a clear understanding of the business context.Leads/participates in the design, implementation and management of changes to core business/group processes, systems, information reporting and products as a result of changes to jurisdictional tax requirements, the related tax compliance, standards and regulations.Monitors compliance with tax policies, procedures and controls to ensure completeness and accuracy of financial information.Reviews business initiated transactions, including including withholding tax and changes to tax requirements, to ensure tax risks are assessed, mitigated and communicated to the Group leader and other stakeholders as appropriate; works with others to ensure tax issues are addressed.Executes work to deliver timely, accurate, and efficient service.Provides no tax advice directly or indirectly to particular customers or employees of BMOFG.Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.Implements changes in response to shifting trends.Broader work or accountabilities may be assigned as needed.:Typically 7+ years of relevant experience and/or certification in related field of study or an equivalent combination of education and experience.Professional designation preferred e.G. CPA, LLB.Seasoned professional with a combination of education, experience and industry knowledge.Verbal & written communication skills In-depth / Expert.Analytical and problem solving skills In-depth / Expert.Influence skills In-depth / Expert.Collaboration & team skills; with a focus on cross- group collaboration In-depth / Expert.Able to manage ambiguity.Data driven decision making In-depth / Expert. We’re here to help At BMO we are driven by a shared : 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.