Managing Director, Private Equity Fund of Funds

Position Overview

The Managing Director of Private Equity is a senior member of BMO’s Community Capital Solutions (CCS) team, which invests the Bank’s balance sheet in Private Equity Funds with a Small Business Investment Company (SBIC) license from the U.S. Small Business Administration. The private equity funds are managed by financial sponsors that invest in lower middle market companies across the United States. The Managing Director leads day‑to‑day value creation on a portfolio of LP investments, drives portfolio‑level performance, and mentors junior team members while partnering closely with sponsors and internal stakeholders at BMO Commercial, BMO Capital Markets and Community Reinvestment Act (CRA) Governance. All investments support BMO's CRA objectives. The Managing Director fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviors in all that they do.

Asset Management (~60%)

Own accountability for 40+ LP investment files as the primary point person; set the agenda with partners and drive outcomes on complex situations.

• Coordinate execution for acquisitions, dispositions, refinancing, and other strategic initiatives related to assigned files
• Track carrying values, exposure and oversee risk analysis required to prepare decision‑ready updates
• Manage pipeline of new investments
• Serve on limited partner advisory committees for private equity funds in the CCS portfolio
• Co‑lead file completion and documentation
• Present investment/monitoring materials to committees
• Prepare and review portfolio forecasts, dashboards and recurring performance materials
• Oversee quarterly reporting and valuation for portfolio
• Synthesize insights for BMO senior stakeholders
• Work alongside BMO Commercial, BMO Capital Markets, Legal, Tax, Finance, Risk and Accounting Policy
• Maintain oversight of project bank accounts and process capital calls

Growth, Investments & Other (~40%)

• Complete preliminary due diligence on new opportunities
• Responsible for preparing select investment recommendations to the Investment Committee
• Broader work or accountabilities may be assigned as needed

Qualifications

• 10+ years in investing/finance roles, including specific experience with investing in SBIC Funds, as a limited partner
• Business degree (BCom/MBA); CFA/AACI/CPA assets
• In‑depth development knowledge would be a strong asset
• Experience with leading and mentoring Analysts/Associates, demonstrating a “player‑coach” mentality
• Demonstrates the ability to drive a positive work‑place culture
• Exceptional Excel/PPT; able to step in and perform individual analysis when required
• High detail orientation and organizational excellence
• Use strong interpersonal skillset to form positive internal and external working relationships
• Ability to work both independently and as a team member
• Strong communication and modeling review capability
• Excellent leadership skills
• Adoption of AI tools for the workplace
• Time management skills: In‑depth
• Verbal & written communication skills: In‑depth
• Collaboration & team skills: In‑depth
• Analytical and problem‑solving skills: In‑depth
• Influence skills: In‑depth
• Data driven decision making: In‑depth

Compensation

Salary Range: USD $225,000 – $325,000. Pay Type: Salaried. Salaries will vary based on location, skills, experience, education and qualifications for the role, and may include a commission structure.

Benefits

BMO offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

Equal Employment Opportunity

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.

Reasonable Accommodations

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 View email address on click.appcast.io and let us know the nature of your request and your contact information.