Head, Digital Finance

Final date to receive applications:

Address:

Job Family Group:

The Head Digital Finance will set and execute BMO’s digital finance strategy, driving innovation and market leadership in digital assets, stable coins, and tokenized deposits.

Reporting directly to the SVP and Head, North American Treasury & Payment Solutions, the Head Digital Finance will have direct accountability for enterprise-wide digital finance strategy and execution. More specifically, setting BMO’s strategy on digital finance, steering resources and investments across the bank, and supporting the Operating Groups and individual Lines of Business (LOBs) in developing new regulated, revenue-generation solutions that enhance BMO’s market competitiveness.

The Head Digital Finance will drive coordinated execution of the digital finance strategy and plan across the Lines of Businesses (LOBs), and with Technology & Operations and supporting corporate functions.

Working in partnership with senior leadership, Digital Finance SMEs in each Group, and the Office of Strategic Management (OSM), the role has the opportunity to shape BMO’s market reputation and deliver on BMO’s digital finance ambition as it relates to the use of Stable coins, Tokenized deposits, Digital Assets custody, Digital Assets market-making and hedging, and other digital finance solutions across the enterprise.

The role will oversee an enterprise-wide digital finance strategy aligned with BMO’s overall strategic ambition. The role will be accountable to build and lead a high-performing agile team to establish BMO as a recognized leader in digital finance among its North American peers, lead the development of partnerships with emerging technology vendors and potential industry consortiums. The Head Digital Finance oversees, coordinates, and supports the execution of LOB Digital Finance initiatives and Proof of Concepts (PoCs) ensuring alignment to enterprise strategy.

This includes the identification, assessment, and delivery of client and economic value, enterprise governance and controls, and coordination of execution to ensure alignment across the operating groups and supporting corporate functions.

The Head Digital Finance acts as BMO’s digital finance accountable executive, the voice to the market and with regulators. The role represents all BMO Digital Finance initiatives with visibility at the most senior levels of the Bank and represents BMO externally at conferences and industry forums. The role oversees the development of enterprise Digital Finance online/virtual collateral, including LOB-specific front-line and client learning and marketing materials working together with the LOBs product and learning teams, People & Culture, Marketing, Communications & Social Impact.

The role ensures the effective enterprise management of financial and non-financial risks, including reputational, cyber, data and AI, with respect to the use of Stablecoin, Tokenized deposits, Digital Asset Custody, Digital Assets market-making and hedging, and other digital finance solutions across the enterprise. The Head Digital Finance manages the enterprise Digital Finance Technology Investment Plan (TIP). Working with the OSM, T&O and the LOB leadership teams, the role is accountable for the 5‑year strategic plan and associated investments / partnerships, development of any IAAP recommendations and facilitates EC / Board approval process.

• Seeks out and manages partnerships (e.g., emerging technologies, vendors, industry consortiums) to advance BMO’s strategy & goals

• Represents BMO holistically in engaging with potential partners; coordinates changes/evolution to partnerships with each business

• Governs Digital Finance activities – tracks all active and proposed initiatives (e.g., key milestones & issues) for broad set of audiences

• Tracks and communicates any updates from Research and LRC teams on regulatory developments and industry highlights Lead, Digital Assets, Legal Risk & Compliance (LRC)

• Follows industry and key competitive developments; advises on focus areas for BMO. Publishes thought papers alongside Head

• Supports PoC…