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As a key member of the GTPRM team, the Risk Assessor provides expert guidance on third‑party risk reviews, evaluates risk, and ensures alignment with enterprise frameworks, regulatory requirements, and operational risk expectations.

Core Responsibilities

Business Delivery & Operational Excellence

• Review, assess, and monitor third‑party engagements throughout the Third-Party Lifecycle.
• Provide risk‑based advisory and assessment services to optimize third‑party performance and ensure efficient, consistent management aligned with criticality and risk level.
• Maintain current knowledge of the TPRM Directive, regulatory requirements, and emerging trends.
• Deliver independent oversight on third‑party governance and challenge LOBs to ensure appropriate mitigation of identified risks.
• Lead or represent GTPRM on key projects to enhance third‑party risk management capabilities.
• Identify and support change‑management and continuous‑improvement initiatives related to TPRM processes and infrastructure.
• Maintain deep understanding of evolving risk areas—such as AML, business continuity, fraud, etc. — and their impact on third‑party assessments.

Governance & Risk Management

• Provide oversight to minimize risk exposure through ongoing monitoring, reporting, and ensuring compliance with audit and regulatory expectations.
• Support business partners in preparing for internal/external audits and regulatory reviews by facilitating planning, consolidation, documentation, and interpretation of required materials.
• Act as the primary GTPRM contact and Subject Matter Expert (SME) for an assigned portfolio, offering guidance on TPRM methodology, framework, policies, and regulatory requirements.

Relationship Management

• Build and maintain strong, influential relationships with LOB partners to support their third‑party portfolio management.
• Develop and leverage relationships with internal and external partners to enhance risk management effectiveness.
• Maintain a deep understanding of LOB strategies and business changes to proactively identify third‑party risks and recommend appropriate controls.

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
• Strong knowledge of third party governance and management, operational risk, financial services regulations, audit and/or compliance
• Outstanding relationship management skills
• Excellent interpersonal skills: communication, presentation and time management
• Ability to remain composed under pressure of competing deadlines, priorities, accountabilities and constraints
• Strong collaboration and team skills
• Excellent attention to detail

Location and Hours

• Location:  Toronto, Ontario
• Flexibility:  Hybrid role that must be in office 3 days a week; work remotely other days of the week.  Employee must be able to accommodate the Bank’s in-office requirement, as it may change from time-to-time.
• Role operates within normal conditions; work outside of normal office hours may be required.

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: