Senior Manager, U.S. Tax Advisory

About the role

The Senior Manager, U.S. Tax Advisory provides U.S. tax planning, advisory and compliance guidance for projects and initiatives within the BMO Financial Group ("BMOFG"). Advises on domestic and inbound international transactions and their impacts on financial statements and income tax filings. Partners with members of the U.S. Tax Team to ensure U.S. tax advice and planning for U.S. companies within BMOFG are appropriately reflected in tax returns and the tax provision.

Responsibilities

• Develops and manages relationships with U.S. Lines of Business ("LOBs") and partners with LOBs and other Corporate groups to identify, develop and implement appropriate U.S. tax strategies.
• Collaborates on BMO Taxation projects as required.
• Identifies U.S. tax withholding and reporting considerations of business transactions and communicates these considerations clearly with LOBs, Corporate Services teams, and operations teams as needed.
• Performs tax research of current and proposed U.S. federal and state income tax laws.
• Reviews, prepares, or presents formal and informal reports and analysis to support tax objectives, decision-making, and solution resolution.
• Consults with external advisors as needed.
• Does not provide tax advice directly or indirectly to particular customers or employees of BMOFG.

Leadership/Strategy

• Recommends appropriate U.S. tax strategies and supports the financial and strategic initiatives of BMOFG and reinforces commitment to maximizing shareholder value.
• Models and explains tax impacts of relevant issues, including tax positions and tax law changes.
• Provides leadership by working collaboratively with BMO Taxation staff and other stakeholders to develop and implement vision, mission, values, operational resource plans, and establish strategies and action plans to achieve the goals, and actively participates in the implementation of actions necessary to correct internal and external issues.

People

• Works with the Canada Tax Team, including the Transfer Pricing Team, on cross-border projects and initiatives, clearly explaining relevant U.S. tax considerations and coordinating with the Canada Tax Team on responses to LOBs and other stakeholders as needed.
• Displays and encourages appropriate high-performance behaviors that are congruent with BMOFG's model and for the coaching and mentoring of such behaviors in the BMO Taxation Group.
• Manages external advisors and contractors as needed.

Risk Management and Control

• Maintains compliance with policies, procedures, and controls that ensure U.S. tax advice and planning with respect to BMOFG is appropriately supported, documented, and reviewed, and within the risk tolerance of BMOFG.
• Identifies, assesses, and mitigates potential U.S. tax risks (with respect to income, indirect, and other taxes) inherent within internal initiatives, new investments, new product modifications, and service agreements, among other areas.
• Assists the Director, U.S. Tax Planning and Advisory, with the preparation of timely, accurate responses to U.S. federal, state, and local tax authorities with respect to queries and proposed BMOFG tax adjustments.
• Assists with external and internal auditors with respect to BMOFG, as required.
• Adheres to all aspects of BMO’s Code of Conduct, including individual accountability as it relates to potential conflicts of interest, safeguarding of customer information, trading in securities, anti-money laundering, privacy, and disclosure of outside business activities.

Operational Effectiveness

• Oversees, manages, and strategically prioritizes a number of tax workstreams.
• Provides timely, thorough income tax advice to LOBs.

Qualifications

• Professional designation CPA with relevant experience.
• Masters' Degree in Accounting or Taxation or Juris Doctor preferred or equivalent coursework.
• 8+ years of experience in corporate tax in a large accounting firm, law firm, or large corporation, preferably in an advisory role.
• Expertise in tax research tools including RIA Checkpoint and Bloomberg Tax.
• Experience with MS Office Suite such as Excel, Word, Outlook, and Copilot.
• Experience with Power BI or similar data visualization tools.
• Ability to learn and use other software tools.
• Experience with inbound international structures preferred, but not required.
• Good communication skills - written, verbal, and presentation.
• Attention to detail and striving for a standard of excellence.
• Solid organizational, planning, and control skills.
• Strong interpersonal and negotiation skills.

Skills

• Ability to appropriately and responsibly use AI models to increase efficiency and improve outcomes.

Benefits

Salary: $112,200.00 - $209,000.00
Pay Type: Salaried

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/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law. BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.