Financial Analyst

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Job Family Group:

The resource in this role will develop, maintain, and enhance executive dashboards and portfolio scorecards that monitor US De Novo performance against approved business cases, capital investment objectives, strategic growth targets, and long-term profitability expectations.

The resource will further provide actionable recommendations to senior leadership regarding portfolio optimization, investment prioritization, and future market expansion opportunities.

Analyzes, monitors and reports on the financial performance and condition of the business/function. Performs financial & business analysis in support of business solutions and business outcomes. Works across BMO to provide service and support the financial management activities of the business/portfolio and ensure financial information is reported completely and accurately. Partners closely with Channel Strategy, Retail Banking, Finance, Real Estate, and project teams to evaluate Financial Centre investment performance and ensure accurate financial reporting.

Key Responsibilities:

• Analyze and monitor the financial performance of US De Novo Financial Centre investments against approved business cases, forecasts, and strategic objectives.
• Develop actionable insights and recommendations based on Financial Centre operating performance, balance growth, revenue trends, profitability metrics, and investment returns.
• Support annual planning, forecasting, and monthly financial reporting processes for the US De Novo portfolio.
• Perform variance analysis between Plan, Forecast, Actual results, and approved investment assumptions.
• Prepare monthly and quarterly executive finance presentations for Channel Leadership, Physical Channel teams, and Finance stakeholders.
• Develop performance scorecards and dashboards to track De Novo Financial Centre performance against business case expectations.
• Consolidate and maintain monthly financial reporting packages highlighting portfolio performance, forecast updates, and strategic insights.
• Manage De Novo capital planning and investment tracking throughout the project lifecycle.
• Monitor project capital expenditures and ensure alignment with approved investment plans.
• Maintain and oversee the US De Novo portfolio tracking database, ensuring data integrity and reporting accuracy.
• Coordinate with Channel, Real Estate, Finance, and Project Management teams to ensure effective communication and alignment.
• Develop and enhance reporting tools, dashboards, and automated processes to improve efficiency and data quality.
• Create and maintain comprehensive documentation and user guides for reporting processes and performance metrics.
• Leverage Power BI, Essbase, Excel, and other analytical tools to support advanced data analysis.

• The Candidate will be responsible for tracking, analyzing, and reporting on the following performance metrics:

• Deposit, Loan and Revenue Growth vs Business Case
• Time to Profitability
• IRR, NPV, Payback & ROI
• New Customer Acquisition
• Capital & NIX Plan vs Forecast vs Actual Variance Analysis
• Market Share by Geography

• Quarterly Performance Ranking of De Novo Locations

Qualifications:

• 4-6 years of progressive experience in Financial Planning & Analysis (FP&A), Banking Finance, Retail Banking Analytics, Corporate Real Estate Finance, or Investment Performance Management.
• Bachelor's degree in Finance, Accounting, Economics, Business, or related field.
• CPA, CFA, or progress toward a professional designation is considered an asset.
• Advanced Excel and financial modeling skills.
• Experience with Power BI, Essbase, and financial reporting tools.
• Strong analytical and problem-solving capabilities.
• Excellent verbal and written communication skills with ability to present to senior leadership.

Salary:

Pay Type:

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 [email protected] 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.