Bank | Asset Manager
151 W 42nd Street
Job Family Group:
Capital Mrkts Sales & Service
BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets
The role is Director or Managing Director (depending on candidate background and qualifications), in the Sustainable Finance Group, which brings together capabilities from across the bank to mobilize financing for a sustainable future. The group is responsible for raising capital and providing financing for clients pursuing sustainable outcomes, offering advisory services and managing BMO’s impact investment fund.
BMO’s goal is to build a global leading position in sustainable finance to support an aim to “Boldly Grow the Good in Business and Life” to support a thriving economy, sustainable future and inclusive society. Several strategies will be deployed across the bank and externally to achieve this goal with an important initiative being the creation of an impact investing fund to find and scale solutions to the sustainability problems faced by clients. This seed fund was announced this summer with $350 million in capital. BMO’s is undertaking an effort to enhance its investment activity in earlier-stage tech companies that are creating and/or improving existing energy and resource processes and technologies.
This fund will be focused on investing in earlier stage companies that will play an important role in several investment territories:
- Clean tech: Technologies that help our clients reduce the environmental impact of their operations
- B2B solutions with an environmental thesis: Solutions that drive environmental impact reduction through services and solutions that reduce waste, etc.
- Social B2B solutions: Companies providing scalable solutions to help client companies improve their social impact on employees, communities and customers.
- ESG measurement solutions: Companies creating solutions to help clients track and demonstrate their impact.
- Pure play’ investments that can help catalyze a sector: Solutions that can help with transformative change in a sector from an ESG, or clean perspective.
- The portfolio will be expected to generate a positive rate of return, as well as providing insight, knowledge sharing, and impact into BMO’s other investment activities as well as across its client base.
BMO is looking for a Director or Managing Director to help drive this effort and views this individual as a key member of the start-up team, who over time, will drive deal flow, identify opportunities, and grow and build the BMO team and presence. This requires an individual with an entrepreneurial mindset, and someone who is willing to roll-up his or her sleeves and take on responsibilities outside of the formal ‘role definition’.
The successful candidate will bring deep experience in the sustainability space, impact investing, cleantech and/or energy technology venture investing. This includes structuring rounds of primary financing and involvement with start-up companies, including the ability to lead deal teams and execute transactions start to finish, while also leveraging industry relationships and sector expertise to originate investment opportunities. Investment opportunities of this type are often identified through a top-down, sector-by-sector analysis allowing the team to proactively identify emerging technologies, services, or disruptive businesses where BMO can be a preferred capital partner.
From a sector perspective, individuals with venture investing experience in “cleantech”, broader impact investing, and broader sustainability or ‘energy transition’ experience will be considered. A deep spike in one or more industry sub-sector, with a desire to cover the mandate broadly is strongly preferred. An existing network to begin sourcing opportunities is preferred, but not required. Board governance capabilities are essential.
S/he will bring a strong investment track record in energy and, importantly, will seamlessly integrate into BMO’s culture. The ability to collaborate across the functions, share knowledge, and contribute to BMO’s broader goal to embed this in bank culture is essential, including working across geographies, other groups within the bank, and with portfolio companies or clients. The sharing of knowledge and insight gleaned from the impact fund is a core value driver for the effort.
Education and Experience required:
- Principal investing experience in private equity, venture capital, or corporate venture
- Minimum 5-7+ years of transactional and/or investing experience, with likely 8-10+ years of total career experience
- Early career experience in investment banking, consulting, technology, or corporate
- MBA or Advanced Degreed
We’re here to help
At BMO Harris Bank 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 Harris Bank 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.bmoharris.com.
BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
Note to Recruiters: BMO Harris Bank does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO Harris Bank, directly or indirectly, will be considered BMO Harris Bank property. BMO Harris Bank 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.