Director, Client Tax Reporting Operational Advisory Lead - New York, NY, USA

Application Deadline: · 03/30/2026Address: · 151 W 42nd StreetJob Family Group: · Capital Mrkts Sales & Service · Additional Job Description · BMO Capital Markets is a leading, full-service North American-based financial services provider offering equity and debt underwriting, co ...

Job description

Application Deadline:

03/30/2026

Address:

151 W 42nd Street

Job Family Group:

Capital Mrkts Sales & Service Additional Job Description

BMO Capital Markets is a leading, full-service North American-based financial services provider offering equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading. BMO Capital Markets has over 2,700 professionals in 30+ locations around the world, including 20 offices in North America.

BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$1.1 trillion total assets and approximately 53,000 employees as of October 31, 2025. #bmocapitalmarkets

Mandate:

The Director is a senior technical leader responsible for BMO Capital Markets (CM) client tax reporting and withholding obligations. The role works in a highly matrixed organization providing technical tax decisions, oversight, and execution of more complex client tax matters. The role manages a small team performing tax due diligence on clients and syndicated loan buyers (where BMO is the paying agent). The role also plays a key role in leading and facilitating new products and new regulations related to client tax. This role involves extensive stakeholder process management and stakeholder engagement. Frequent interaction is required with internal LOBs, trade desks, Corporate Tax and Tax Governance and externally with auditors, clients and tax authorities.  

Knowledge and Skills:

• Minimum of 10+ years of U.S. information reporting and withholding tax advisory or operational experience within the financial services industry.
• A Bachelor's degree, with a CPA license, Enrolled Agent (EA) certification, or active membership of the Bar preferred.
• Deep knowledge of U.S. tax laws and regulations related to U.S. tax withholding and reporting (e.g., Chapter 3 and 4, Chapter 61, Section 3406).
• Experience with Common Reporting Standard, Canadian non-resident withholding and international financial transaction taxes would be an asset
• Relevant experience in the financial services industry preferred
• Working knowledge of trading products across Capital Markets
• Working knowledge of the competitive marketplace, institutional clients, market trends and regulations in the industry
• Proven ability to work across global departments to build credibility and strong relationships.
• Exceptional ability to independently manage multiple priorities and to proactively service multiple internal clients in a fast-paced environment
• Ability to work a demanding schedule under limited supervision
• Excellent attention to detail and ability to learn and adapt quickly
• Ability to review, assess and provide detailed information daily
• Strong analytical and problem solving skills
• Strong conflict management/ resolution skills
• Strong organizational and prioritization skills
• Excellent verbal and written communication skills are essential to synthesize and explain complex regulations to non-tax professionals and senior management

Key Accountabilities:

• Oversee the preparation and timely filing of various U.S. and Canadian tax reporting forms (e.g., Forms 1099, 1042-S, NR-4, T5 and T5008) for CM and ensure strong internal controls are maintained within a high-volume processing environment.
• Reconciliation of Forms 1042-S received from DTC to Forms 1042-S issued by CM
• Oversee the preparation and timely filing of international financial transaction tax monthly declarations and annual returns filed by CM with tax authorities and remittance of foreign stamp duty payments.
• Review, analyze, and interpret changes to U.S. IRS, Canadian and certain international operational tax withholding and information reporting requirements (e.g., laws, regulations, rulings, QI agreement) to determine the impact on the company's processes, procedures, and documentation.
• Maintain oversight of the interest and dividend withholding rates and review systemic controls to ensure accuracy.
• Serve as a subject matter expert, providing guidance to CM business units and operations teams on complex operational tax reporting and withholding matters, client tax documentation, source and character of payments, and operational changes for new product offerings and updates to tax rules, working with BMO Corporate Tax Group where required.
• Define and execute the strategic direction for CM operational tax information reporting and withholding operations, provide oversight and mentorship to multiple teams of professionals, and foster a culture of continuous improvement.
• Act as the primary liaison for CM tax operations with business partners, technology, and other operational teams.
• Maintain documentation of CM end-to-end operational tax withholding and reporting processes and controls.
• Oversee testing of controls with respect to CM operational tax withholding and reporting and track and resolve any deficiencies.
• Assist with certifications to IRS and periodic review with respect to CM transactions in Qualified Intermediaries in BMOFG.
• Maintain documentation of settings in Broadridge that drive CM tax withholding and reporting and approve any changes 
• Drive process improvements and automation initiatives using data analysis to enhance efficiency, accuracy, and scalability of CM tax withholding and reporting operations.
• Develop and enhance relationships, at multiple levels, by providing exceptional levels of client service
• Keep abreast of current and upcoming product and functional specific industry initiative related topics.
• Navigate the BMO organization, across divisions, to deliver timely and accurate issue resolution to complex, business critical issues which may include communication with senior stakeholders

Authorities:

• Approval – Ensure receipt of appropriate approvals/ authorizations in accordance with CM P&Ps and regulatory requirements.
• Monitoring – Ensure application and adherence to SLA parameters. Monitor compliance requirements. Ensure adherence to directives, policies & procedures and regulatory/ government requirements.
• Auditing – Ensure P&P and regulatory adherence.  Act as primary CM Client Tax representative for any local internal or external audits, coordinating with Compliance and/or Trade Supervision as required.
• Issue Resolution – Provide guidance and problem-solve issues and challenges referred by other areas and clients.  Escalate to management as appropriate for guidance and resolution.
• Coordinating – Manage and monitor a complex portfolio of work representing a significant amount of revenue generation.

Cross Functional Relationships:

• Sales and Trading Organizations in Capital Markets
• Corporate Tax
• Global Markets Structuring
• Capital Markets Business Services: Client Onboarding, KYC & AML groups, Client Data Management & Governance, Regulatory Transformation
• Operations: Middle Office, Tax Operations, Global Regulatory Ops, FXMM DBM
• Corporate Support: Technology 

Working Conditions:

This role operates within a hybrid working environment with a minimum of four days per week in the office for collaboration and connection with teams.

The salary range for this role is $200,000 up to $250,000 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

Salary:

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: 

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

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 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.