Senior Risk Specialist (Enterprise Risk Management))

Application Deadline:

02/27/2025

Address:
100 King Street West

Job Family Group:

Audit, Risk & Compliance

Must have risk management experience in addition to portfolio knowledge, and strong understanding of Data Management frameworks. Please note this role is subject to Hybrid work model (2 days in the office in Toronto, ON)

Oversees, monitors, and reports on information and technology operational risks for a designated portfolio (Corporate Finance, AML). Develops and monitors the risk management and governance framework and practices leveraged across BMO to manage information and technology risks. Develops and monitors adherence to policies, standards, methodologies, and controls that increase transparency, accuracy, and consistency across groups. Works with stakeholders to implement the methodology, metrics, and program standards for the assigned portfolio to ensure compliance, effective monitoring, timely reporting, and identify action plans.

Key Skills/Experience:

Must have strong knowledge of one of the Enterprise Risk & Portfolio Management corporate functions / business activities to enable business risk identification related to data & analytics risks. Knowledge of Market Risk, or Credit Risk or Finance data management activities will be an asset).

Must have risk management experience in addition to portfolio knowledge, and strong understanding of Data Management frameworks.

Accountabilities:

• Provides Effective Challenge in the area of data and analytics
• Interprets new regulations and assesses impacts to the governance framework.
• Develops regulatory reports on the status of the governance program or framework components to various internal and external stakeholder audiences.
• Owns self-assessment activities, compliance
• Identifies emerging issues and trends to inform decision-making.
• Researches existing or emerging requirements and related best practices to develop recommendations for changes/enhancements.
• Independently assesses the information and technology risk profile (e.g. exposures, material initiatives, systems issues or weaknesses in the control structure) for the assigned portfolio.
• Measures the effectiveness of risk governance system and framework; recommends changes as required.
• Leads the development and maintenance of the governance system and framework.
• Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.
• Leads the development of the communication strategy focusing on positively influencing or changing behaviour.
• Manages the review and sign-off process for relevant regulatory reporting.
• May provide specialized support for other internal and external regulatory requirements.
• Leads/participates in the design, implementation and management of core business/group processes.
• Administers and maintains technology and information security and management risk program activities adhering to applicable policies, procedures, and established processes.
• Reviews new business initiatives and monitors existing initiatives to identify potential risk situations/ impacts; makes recommendations or escalates as per guidelines.
• Identifies potential risk situations / impacts and makes recommendations or escalates.
• Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.
• Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures.
• Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
• Supports the development and maintenance of the governance system and framework including supporting policy/standard/operating procedures lifecycle management, education and training assessments.
• Builds effective relationships with internal/external stakeholders e.g. business stakeholders and corporate support areas to provide second line of defense information and technology risk management support.
• Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.
• Maintains tools and templates for information and technology risk programs and standards e.g. Risk Control Self Assessment (RCSA), Sarbanes-Oxley (SOX), business continuity planning standards and policies for internal and third-party solution development.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically 7+ years of relevant experience in Risk Management (Operational Risk, Technology Risk, Second line of defense) and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Degree in Information Technology, Computer Science, Business Administration, or related field of study preferred.
• Experience with Enterprise Data Risk preferred
• Experience with effective challenge of data and analytics ideal
• In-depth / expert knowledge of information and technology risk management practices.
• In-depth / expert knowledge of regulatory requirements.
• In-depth / expert knowledge and experience with risk policy frameworks; quality control / testing frameworks.

Salary :

$92,400.00 - $171,600.00

Pay Type:

Salaried

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: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO 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 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.bmo.com/ca/en .

BMO 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. 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 does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO 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.