VP Investment/Fund Operations
The VP, Investment/Fund Operations will join BMO Global Asset Management U.S. (GAM) as part of the build-out of its U.S. ETF business, with a particular focus on derivatives-based and outcome-oriented ETF strategies. The U.S. ETF business is a start-up growth initiative that will build on GAM's established Canadian ETF business. This includes its product suite, investment capabilities, operating model, and market expertise. The successful candidate will collaborate closely with the GAM Canada team, maintaining regular communication to leverage existing capabilities and adapt them effectively for the U.S. ETF market.
The role will report directly to the U.S. Chief Operating Officer. The VP is responsible for overseeing the operational infrastructure that supports investment activities, portfolio management, fund administration, and client servicing. This role ensures accurate, timely, controlled, and scalable execution across the full investment lifecycle
Responsibilities
Oversee the daily reconciliation of portfolio positions, cash balances, and trading activity across multiple portfolios.
Investigate and resolve trade discrepancies while coordinating with brokers, custodians, and external service providers to ensure accurate settlement.
Support the investment team by processing daily transactions and responding to operational inquiries.
Manage corporate actions, dividend activity, proxy events, and other lifecycle events affecting portfolio holdings.
Assist with regulatory filings and recurring compliance reporting requirements.
Support monthly, quarterly, and annual close activities, including account reconciliations, financial reporting, and supporting schedules.
Partner with third-party service providers to oversee NAV production, investor reporting, and financial statement preparation.
Review accounting records and financial reports to ensure accuracy, completeness, and adherence to accounting standards.
Coordinate annual audits and serve as a key liaison with external auditors and other professional service providers.
Assist with management company accounting, expense allocations, accruals, budgeting, and other finance initiatives.
Additional Responsibilities
Participate in operational due diligence meetings and support investor requests related to fund operations and infrastructure.
Assist with onboarding new counterparties, custodians, and service providers.
Contribute to internal operational controls, policies, and process documentation.
Help manage relationships with administrators, auditors, legal counsel, brokers, and other external partners.
Participate in valuation and governance processes supporting the firm's investment platform.
Identify opportunities to streamline workflows through automation, technology, and continuous process improvement.
Qualifications
5-10 years of experience in fund operations, fund accounting, middle office, investment operations.
Experience supporting mutual funds and exchange traded funds with over the counter (OTC) and exchange traded (ETD) derivatives
Bachelor's degree in accounting, Finance, Economics, or a related discipline.
MBA, CPA, CFA, or similar professional designation is a plus.
Strong understanding of investment operations, fund accounting, NAV reporting, and financial statements.
Experience working with third-party administrators, auditors, and financial service providers.
Advanced Microsoft Excel skills with strong analytical and problem-solving abilities.
Familiarity with investment management platforms, portfolio management systems, and Bloomberg is advantageous.
Experience leveraging automation tools or AI technologies to improve operational efficiency is a plus.
Excellent communication skills with the ability to collaborate across teams and interact with senior stakeholders.
Highly organized, detail-oriented, and capable of managing multiple priorities in a dynamic environment.
Self-motivated, resourceful, and eager to contribute to a growing organization with long-term career potential.
Salary:
$74,000.00 - $138,000.00
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 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 stereo@types, 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.
