Address:

Job Family Group:

• Acts as a trusted advisor to assigned business/group.

• Influences and negotiates to achieve business objectives.

• Recommends and implements solutions based on analysis of issues and implications for the business.

• Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.

• Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.

• Helps determine business priorities and best sequence for execution of business/group strategy.

• Leads the development and maintenance of the governance system and framework.

• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.

• Represents the portfolio for internal/external regulatory audits and/or examinations.

• Ensures alignment between stakeholders.

• Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.

• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

• Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.

• Leads and integrates the monitoring, measurement & reporting on the status of the operational risk governance program to internal & external stakeholders.

• May provide specialized support for other internal and external regulatory requirements.

• Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.

• Provides input into the planning and implementation of ongoing operational programs in support of the operational risk framework.

• Administers and maintains operational risk program activities in adherence to all policies, procedures and established processes.

• Identifies potential risk situations/ impacts, and make recommendations or escalates to the manager, as per guidelines.

• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.

• Builds effective relationships with internal/external stakeholders e.g. business stakeholders and Corporate Support Areas (CSAs) in providing ‘second line of defense’ operational risk management support.

• Monitors and tracks performance; addresses any issues.

• Coordinates and monitors the review and sign-off of attestations and reporting.

• Exercises judgment to identify, diagnose, and solve problems within given rules.

• Works independently and regularly handles non-routine situations.

• Broader work or accountabilities may be assigned as needed Qualifications:

• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• In-depth knowledge operational risk management practices.

• In-depth knowledge of the designated business / product portfolio.

• In-depth knowledge of regulatory requirements.

• In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.

• Deep knowledge and technical proficiency gained through extensive education and business experience.

• Verbal & written communication skills - In-depth.

• Collaboration & team skills - In-depth.

• Analytical and problem solving skills - In-depth.

• Influence skills - In-depth.

Salary:

Pay Type:

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: