Senior Manager, Canadian Equity Settlements

Application Information
Application Deadline: 12/04/2026Address: 100 King Street WestJob Family Group: Customer Shared ServicesMandate
Responsible for the management and oversight of daily settlements within CDS/DTC/ForeignApply AI tools to identify patterns and automation opportunitiesLead modernization initiatives and identify improvements with the use of AIAlign Controls with both internal audit/external audit and ensure complianceAccountable for functions that require specialized handling and skills, act as the key point of contact for daily production issues/escalationAct as a key control over the daily reports and the allocation of breaks to the various teams for follow up and resolutionInteracting daily with various teams in CAD/US and Offshore locationsProviding monthly metrics reporting to senior management of number of fails/OKRs/BreaksDeveloping team members with the skillset needed to settle trades including the use of AIEnsuring Teams are properly resourced including vacation coverage/sick day coverageConsistently reviewing process/procedures and identifying automation opportunitiesKey Areas of Responsibility
Product & ProcessRisk & ControlBusiness Performance ManagementManagement Product & ProcessManage and resolve day to day issues specific to reconciliations including the resolution of complex internal business partner and/or external customer issues. Escalate more complex issues to senior management if necessary.Act in an advisory capacity, as a subject matter expert (SME) to senior management on the implications of Reconciliations and platform changes that will impact daily recons.Provide guidance and support to related business unit regarding procedures for reconciliationsContinuously assess and improve the operational effectiveness of the reconciliation processHandle and resolve complex matters, core business critical issues, disputes, queries and complaints from internal business partners and external customers.Ensuring we have clear and documented procedures and processes with control check lists which are saved and used for training and audit purposes.Risk & ControlMaintain key controls and review process, where applicable, to ensure operating integrity, comply with internal and external regulators, involving an understanding of regulatory and compliance requirements as prescribed for the business unit;
provide recommendationsand implement corrective actions to ensure adherence as required.Identify potential risk situations within the scope of work (e.G. risk assessments), make recommendations and/or elevate to senior management, where appropriate, and ensure contingency plans exist.Develop and maintain standards, process and controls in reconciliations to minimize loss/risk, ensure all regulatory requirements are met, and safeguard the assets of the Bank.Understand risks inherent in area(s) of expertise and take appropriate actions, including accuracy and safeguarding of all documentation and any other requirements to ensure operational integrity is maintained within the businessBusiness Performance ManagementDeliver exceptional customer service that builds trust through responsive, accurate, consistent, knowledgeable and available services and support.Align individual performance goals to team and organizational goals. Demonstrates behaviors that align with the BMO Way and BMO core values.Identify and recommend business process improvement efforts Actively participates in industry‑wide and firm‑wide initiatives to support organizational objectives. Stay abreast of industry change and implement best practices into team.ManagementLeads and manages a team of 20 by setting context and direction aligned to organizational goals, defining accountabilities, identifying learning and training requirements for team.Creates a learning environment aimed at continuously developing staff skills by identifying learning needs, providing regular feedback and motivating staff to achieve development goals.Manages staff performance including identifying and managing staff with high performance and those with performance issue and effectively acting when appropriate.Engages in personal development to enhance skills and knowledge that will keep pace with changing business needs and allow technical and product knowledge to be kept current.Attracts top talent into BMO.Knowledge and Skills
Knowledge
University degreeMore than 15 years of related experienceExperience utilizing AI to streamline processesStrong knowledge of the reconciliation processSolid knowledge and understanding of all traded products-capital marketSolid knowledge of standard desktop applications used by the business unit (i.E. Microsoft Office;
Internet Explorer, Copilot)Solid knowledge and understanding of business unit’s key products and services, proves and controlsSolid understanding of business unit’s risk and regulatory requirementsExpert knowledge of departmental systems and applications: (CDS/DTC/Euroclear/BNP/BPS/Arrow)Solid understanding of internal business, partner’s business, services and organizationSkills
Attention to detailUnderstanding of breaks and able to speak to the items when askedWork effectively with high volume of transactions and with time constraintsUnderstand the intricacies of transactions from multiple lines of business and have the courage to make quick/sound decisionsBuild strong relationships internallyStrong prioritization skillsStrong written and oral communication skillsAbility to multi-task in a fast-paced environment.Salary
$85,500.00 - $185,000.00Pay Type: SalariedThe 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 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 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.Who we are We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.
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