B

Bank of Montreal

Runs Canadian and US banks for people and firms

Bank Manager

Full-TimePosted on 9/10/2026Deadline 10/31/26
$55k - $120k+ Commission + Performance-based incentives + Discretionary bonuses
Mid, Senior
Bachelor's
West Dundee, IL, USA
In Person
Finance & BankingRetail & Commercial Banking

About the job

Requirements
  • Typically, 4–6 years of relevant experience and a post-secondary degree in a related field of study, or an equivalent combination of education and experience.
  • In-depth knowledge of retail banking products and services.
  • Advanced knowledge of the competitive marketplace and trends in product offerings.
  • Working knowledge of branch operational processes and policies.
  • Working knowledge of branch technologies, processes, and performance metrics.
  • Working knowledge of applicable regulations, audit standards, and related policies, procedures, and directives.
  • Technical proficiency gained through education and/or business experience.
  • In-depth verbal and written communication skills.
  • In-depth collaboration and team skills.
  • In-depth analytical and problem-solving skills.
  • In-depth influence skills.
  • In-depth data-driven decision-making skills.
  • Ability to maintain the confidentiality of customer and Bank information.
  • Ability to identify and report suspicious patterns of activity suspected to be related to money laundering.
  • Ability to comply with all legal and regulatory requirements for the jurisdiction.
  • Federal registration with the Nationwide Mortgage Licensing System and Registry is required; the Bank will instruct the employee on registration requirements. A criminal background review and credit history evaluation are also required.
  • Ability to act as an originator of consumer loans under Regulation Z, Regulation G, and the SAFE Act, and comply with restrictions on performing in a real estate agent capacity.
Responsibilities
  • Guide, direct, and coach employees to deliver exceptional service to BMO customers and prospects.
  • Understand customer and prospect needs to provide sales and service in their best interests, advise on products and strategies that meet financial objectives, and refer customers to other business groups.
  • Support sales and customer service activities to meet strategic customer experience and profitability goals in compliance with legal and regulatory requirements and Bank policies and processes.
  • Foster a culture aligned with BMO's purpose, values, and strategy, and model BMO values and behaviours.
  • Promote alignment between values and behaviour to foster diversity and inclusion.
  • Connect work to BMO's purpose, set goals and expected outcomes, and ensure accountability for follow-through.
  • Build interdependent teams that collaborate across functional and operating groups.
  • Attract, retain, and enable the career development of top talent.
  • Improve team performance, recognize and reward performance, coach employees, support their development, and manage poor performance.
  • Develop and execute a branch business plan to maximize business growth and wallet share and achieve customer retention and acquisition objectives.
  • Conduct sales calls, establish a personal referral network, and perform other business development activities to contribute to business objectives.
  • Identify customer personal banking and credit card needs, and integrate marketing promotions and programs into customer conversations to provide strategic advice.
  • Conduct cold calls to prospective customers to develop new customer relationships.
  • Develop and maintain a community network to increase the Bank's visibility and build referral sources for potential business.
  • Support the Bank's community involvement and participate in community activities.
  • Maintain high-touch relationships with key branch customers and prospects in the market.
  • Resolve customer issues using knowledge of bank services, products, and processes.
  • Fulfill sales and service activities for customers in accordance with approved procedures.
  • Influence and negotiate to achieve business objectives.
  • Identify emerging issues and trends to inform decision-making.
  • Implement, review, and revise work plans.
  • Help determine business priorities and the best sequence for executing business or group strategy.
  • Conduct independent analysis and assessment to resolve strategic issues.
  • Ensure alignment between stakeholders.
  • Establish relationships with business partners, including CDC, MasterCard, and Symcor, to maintain knowledge of interdependent systems and related policies and procedures.
  • Monitor sales and service performance against plan, identify gaps, issues, and best practices, and develop and implement action plans to close performance gaps and resolve issues.
  • Analyze strategic problems and data to provide insights and recommendations.
  • Communicate goals, plans, and assignments to achieve financial and customer service goals.
  • Lead the implementation of new programs, products, and processes within the branch.
  • Coordinate implementation of national and regional sales and service initiatives.
  • Monitor service request and problem-resolution processes for adherence to national standards.
  • Provide technical training and support to branch employees to maintain operational and sales effectiveness and recommend improvements.
  • Plan and control unit operating expenses in accordance with forecasts.
  • Manage transactional outcomes for customer calls or defer to appropriate internal business groups.
  • Resolve complex or unresolved customer situations or escalate them to the next higher manager.
  • Maintain current knowledge of personal banking and credit card industries, practices, and trends, and integrate this knowledge into customer conversations.
  • Build effective relationships with internal and external stakeholders.
  • Take measured risks while applying the Risk Management Framework and Risk Culture, making sound risk-informed decisions aligned with business strategy, protecting assets, and complying with applicable policy documents, laws, and regulations.
  • Perform broader work or accountabilities as assigned.
Desired Qualifications
  • Previous supervisory or management experience.

About the company

Bank of Montreal, known as BMO, runs a Canadian bank and a large American bank, serving households and businesses on both sides of the border. Until the Bank of Canada opened in 1935, it acted as the Canadian government's banker. People use its branches and apps for accounts, mortgages, credit cards, and investments, while companies borrow from it and turn to its BMO Capital Markets arm to raise money and trade securities. BMO makes money on the gap between the interest it charges on loans and pays on deposits, plus fees from managing wealth and advising on deals. Bank of Montreal was founded in 1817 as Canada's first bank, and it keeps its legal head office in Montreal and its executive offices in Toronto, Canada.

Company Size

10,001+

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

1817

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Simplify's Take

What believers are saying

  • Profits are climbing: before one-time items, BMO earned C$2.86 billion in the quarter ending July 2026, up 19%.
  • Expansion means jobs out West: in March 2026, BMO announced plans for 130-plus new California branches within five years.
  • Payouts are steady: BMO has paid a dividend every year since 1829, the longest record of any Canadian company.

What critics are saying

  • Cost cuts reach staff: BMO reported a C$202 million severance charge in February 2026 as headcount fell 678 to 53,035.
  • The U.S. arm earns less: its 8.6% return on equity trailed BMO's overall 13% in the quarter ending April 2026.
  • Compliance lapses draw fines: Canada's consumer watchdog fined BMO C$4 million in February 2026 for overcharging 101,091 customers.

What makes Bank of Montreal unique

  • Business lending comes first: 56% of BMO's loans in April 2026 went to companies and governments, 28% to mortgages.
  • It is a big American bank too: its U.S. arm ranked 16th in the country by assets in June 2026.
  • Chicago is its second hub: 81 of BMO's 926 job openings in October 2026 were there, behind only Toronto's 241.

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Benefits

  • Health Insurance
  • Tuition Reimbursement
  • Accident and Life Insurance
  • 401(k) Retirement Plan
  • Professional Development Budget
  • Hybrid Work Options

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BMO names Tim Cox as US CEO as Darrel Hackett retires nov. 1. BMO taps its U.S. general counsel and chief regulatory officer Tim Cox to lead its American operations as Darrel Hackett steps down November 1. BMO, the Chicago-anchored U.S. arm of Canada's Bank of Montreal, is preparing for a significant leadership transition at the top of its American operations. Tim Cox, the bank's U.S. general counsel and chief regulatory officer, has been named to succeed Darrel Hackett as U.S. chief executive officer, with the handover set to take effect November 1, when Hackett formally retires from the role. The appointment places a lawyer and regulatory specialist at the helm of one of North America's largest cross-border banking institutions at a moment when the regulatory environment for major banks in the United States is anything but settled. From the legal suite to the corner Office. Cox's ascension is notable precisely because of the path he has taken to reach it. Ascending from the dual role of general counsel and chief regulatory officer to the chief executive seat is a relatively uncommon trajectory in major banking, where the top position has historically been populated by career commercial bankers, capital markets veterans, or retail-focused operators. Cox's background positions him as an executive who has spent considerable time navigating the complex intersection of law, compliance, and institutional strategy - experience that carries heightened relevance as United States regulators continue to scrutinize large domestic and foreign-chartered banks on matters ranging from capital adequacy to consumer protection and anti-money-laundering frameworks. In an era when legal and regulatory risk has become as consequential to a bank's bottom line as credit risk or interest rate exposure, elevating a chief regulatory officer to the top post sends a deliberate signal about institutional priorities. BMO's board and senior leadership appear to be betting that deep regulatory fluency will be a strategic advantage as the bank seeks to deepen its U.S. footprint - a presence that expanded substantially following BMO's acquisition of Bank of the West in 2023, a deal that added hundreds of branches across the western United States and dramatically increased the institution's domestic asset base. Hackett's Legacy and the Timing of Departure. Darrel Hackett's retirement brings to a close a tenure that saw BMO's U.S. operations navigate the post-pandemic economic cycle, the integration of a landmark acquisition, and a markedly more volatile interest rate environment than any large bank had encountered in decades. His November 1 departure date provides a clean calendar transition, allowing Cox a full quarter to settle into the role before year-end planning cycles and the bank's fiscal reporting obligations come into focus. The orderly nature of the succession - an internal promotion rather than an external search - also reflects a degree of strategic continuity that investors and counterparties typically read favorably. The source reporting also references Aron Levine in the context of this leadership transition, suggesting that changes at the U.S. leadership level extend beyond the chief executive seat itself. While the precise scope of Levine's role in the reorganization has not been fully detailed in available reporting, his inclusion underscores that this is a broader recalibration of BMO's U.S. management structure rather than a simple one-for-one swap at the top. What the appointment signals for BMO's U.S. Strategy. BMO's U.S. ambitions have been among the most closely watched expansion stories in North American banking over the past several years. The Bank of the West integration placed BMO in direct competition with regional and super-regional banks across California and other high-growth western markets, while simultaneously increasing the complexity of its regulatory obligations under federal and state supervisory frameworks. Managing that complexity - maintaining strong relationships with the Office of the Comptroller of the Currency, the Federal Reserve, and state-level regulators - is precisely the domain in which Cox has built his career. The choice to promote from within the legal and compliance function also reflects a broader industry recognition that regulatory credibility is not a peripheral concern but a core competitive differentiator. Banks that can demonstrate proactive regulatory engagement, robust governance structures, and institutional transparency are increasingly better positioned to pursue acquisitions, expand product lines, and absorb supervisory scrutiny without operational disruption. Cox, having served in the dual capacity of general counsel and chief regulatory officer, is presumed to bring exactly that kind of institutional credibility to the chief executive role. What this means. BMO's decision to elevate Tim Cox from chief regulatory officer to U.S. chief executive officer is more than a routine succession announcement. It represents a considered institutional bet that regulatory expertise and legal acumen are now front-line strategic competencies for a major bank operating in the United States. As Darrel Hackett hands over the reins on November 1, the bank enters a new leadership chapter shaped by compliance-first thinking at the very top of its American hierarchy. For peer institutions watching closely, the message is clear: in the current environment, knowing how to navigate Washington may matter as much as knowing how to grow a loan book. Elena rosato. Italian fintech analyst. Covers EU payment regulation and the Mediterranean banking sector. § Comments Open discussion no account needed

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