Senior Manager, U.S. Tax Advisory

Application Deadline:

05/29/2025

Address:
320 S Canal Street

Job Family Group:
Finance & Accounting

Please note this role is an Individual Contributor and requires presence in the office 2 days/week in Chicago.

Job Description

Under the direction of the Managing Director, U.S. Tax Planning and Advisory, the Senior Manager, U.S. Tax Advisory provides U.S. tax advisory guidance for projects and initiatives within the BMO Financial Group ("BMOFG"). Provides timely and appropriate U.S. tax advice to the three operating groups within BMOFG - Personal & Commercial Banking (P&C), BMO Capital Markets, and BMO Wealth Management - as well as to Corporate Services areas. Provides federal and state income tax analysis and support on specific transactions, in particular acquisitions, acquisition integration, transfer pricing and corporate restructure initiatives. Partners with members of U.S. Tax Team to ensure that U.S. tax advice and planning for U.S. companies within BMOFG are appropriately reflected in the U.S. tax returns as filed and in the tax provision reported in BFC's quarterly consolidated financial statement and relevant legal entity financial statements. Assists with BMO Taxation projects as required. Assists in implementing best practices with respect to the U.S. tax advisory projects as appropriate, and fosters an environment of continuous improvement.

KEY ACCOUNTABILITIES

The Senior Manager, U.S. Tax Advisory is responsible for:

Relationship management/Advisory

• Developing and managing relationships with U.S. Lines of Business ("LOBs") and partnering with the LOBs and other Corporate groups to identify, develop and implement appropriate U.S. tax strategies that minimize the U.S. tax burden and support the financial and strategic initiatives of BMOFG and reinforce commitment to maximizing shareholder value and within the risk tolerance of BMOFG.
• Providing timely, thorough U.S. tax advice on current and proposed transactions and products and impact of changes in tax legislation.
• Working collaboratively on BMO Taxation projects, as required.
• Identifying U.S. tax withholding and reporting considerations of business transactions and communicating such considerations clearly with the LOBs, Corporate Services teams and operations teams as needed.
• Performing tax research of current and proposed U.S. federal and state income tax laws.
• Reviewing, preparing or presenting formal and informal reports and analysis to support tax objectives, decision making and solution resolution, as required.
• Consulting with external advisors as needed.

Leadership/strategy

• Recommending appropriate U.S. tax strategies to support the financial and strategic initiatives of BMOFG and reinforce commitment to maximizing shareholder value.
• Providing leadership by working collaboratively with BMO Taxation staff and other stakeholders to develop and implement vision, mission, values, operational resource plans, and establishing strategies and action plans to achieve the goals, and actively participating in the implementation of actions necessary to correct internal and external issues.

People

• Working with Canada Tax team on cross-border projects and initiatives, clearly explaining relevant U.S. tax advisory considerations and coordinating with Canada Tax on responses to the LOBs and other stakeholders as needed.
• Identifying training needs of BMO Taxation staff with respect to line of business, U.S. taxation, accounting and other required knowledge or skills and working with Managing Director, U.S. Tax Planning and Advisory, to close the gaps.
• Displaying and encouraging appropriate high-performance behaviors that are congruent with the BMOFG's model and for the coaching and mentoring of such behaviors in the BMO Taxation Group.

Risk Management and Control

• Reviewing and identifying 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.
• Recommending and monitoring compliance with policies, procedures and controls that ensure U.S. tax advice and planning with respect to the BMOFG is appropriately supported, documented and reviewed, and within the risk tolerance of BMOFG, and any tax risks are identified, assessed, and mitigated and communicated to the Managing Director, U.S. Tax Planning and Advisory, and other stakeholders as appropriate.
• Establishing and implementing transfer pricing policy, procedures and practices regarding the pricing and documentation of cross-border BMOFG transactions.
• Adhering 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.
• Providing no tax advice directly or indirectly to particular customers or employees of BMOFG.

Knowledge And Skills

• Licensed attorney and/or professional designation CPA with relevant experience
• Juris Doctor or Masters' Degree in Accounting or Taxation preferred or equivalent coursework
• 8 plus years of experience in corporate tax in a large accounting firm, law firm, or large corporation, preferably in an advisory role
• Comfort with tax research tools including RIA Checkpoint and Bloomberg Tax
• Knowledge of LAN based computer programs including Excel, Word
• Ability to learn and use other software tools
• Good communication skills - written, verbal and presentation
• Attention to detail/strive for standard of excellence
• Strong analytical thinking
• Sound judgment and decision making
• Strong business financial analysis skills
• Solid organization, planning and control
• Project management skills
• Strong interpersonal and negotiation skills
• Ability to team with other members of the Tax Group and other stakeholders

Salary:

$110,000.00 - $204,100.00

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 http://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.

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.