Manager - Enterprise Third-party Risk Management

2 weeks ago


Toronto, Canada BMO Financial Group Full time

100 King Street West Toronto Ontario,M5X 1A1

BMO is looking for a Manager - Enterprise Third-Party Risk Management (ETPRM) to join our team. This is an individual contributor role. As the Manager - Enterprise Third-Party Risk Management, you will play a pivotal role in establishing and enhancing our third-party risk management frameworks. Reporting to the ETPRM Director, you will lead the charge in 2nd Line monitoring program, quarterly risk reporting and annual board-level reporting, and the development and automation of cutting-edge data visualization and dashboard tools. You will drive the management of third-party risks, ensuring compliance with regulatory bodies such as OSFI, OCC, and FRB, and spearhead initiatives to improve supplier relationship management and issue resolution processes.

Key Responsibilities:

- Risk Reporting: Oversee the lifecycle of risk reporting from monthly, quarterly monitoring to board-level annual reports, ensuring accuracy, timeliness, and relevance. Your expertise will help senior leadership make informed decisions through comprehensive risk profiles.
- Third-Party Risk Management: Develop and manage end-to-end third-party risk processes, including regular issue management and supplier relationship oversight. Your work will ensure that BMO adheres to the highest standards of regulatory compliance and operational integrity.
- Innovative Automation: Lead initiatives to automate and streamline risk reporting processes, enhancing efficiency and effectiveness across the board. Your efforts in building and maintaining advanced data-driven reporting tools and dashboards will set new standards in risk management practices.
- Strategic Leadership: As a key member of a growing team, you will have the chance to mold the future of third-party risk management at BMO. Your strategic insight and passion for change will be critical in building a robust framework from the ground up.

Who You Are:

- Experienced in third-party risk management, regulatory compliance, and supplier relationship management, preferably within the banking or financial services industry.
- Proficient in data visualization and reporting, with a knack for turning complex data into actionable insights.
- A self-starter comfortable navigating ambiguity and building new processes and frameworks, requiring a proactive approach.
- Excellent at communication and collaboration, able to work independently and effectively. Professional acumen in presenting and explaining complex risk scenarios is essential

Qualifications:

- Proven experience in risk management, particularly in third-party risk management, regulatory compliance, issue management and reporting.
- Strong analytical and data management skills, with experience in automation and dashboard creation and execution.
- Familiarity with North America regulatory landscapes (e.g., OSFI, OCC, FRB) and third-party lifecycle management.
- Audit background or similar is considered an asset.
- Professional acumen to produce and present detailed reports for decision-making at senior leadership levels.

This position is located in Toronto and offers a hybrid work arrangement with at least 2 days per week designated for in-office collaboration, while other days remote.

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs

**Mandate**:
As part of the 2nd line of defense, this role supports the following primary accountabilities of the Enterprise Third-Party Risk Management Team:

- Provide input into business decisions as a trusted advisor.
- Make recommendation to leaders on strategy and new initiatives, seeking understanding of business/group to support recommendations.
- Support maintenance and oversight of the Third-Party Risk Management Framework and other related requirements used across the enterprise to ensure Third-Party Risks are appropriately identified, assessed, managed, monitored, and reported.
- Support maintenance of regulatory oversight over Third-Party risk.

**Responsibilities**:

- Foster a culture aligned to BMO purpose, values and strategy and role model BMO values and behaviors in all that they do.
- Ensure alignment between values and behavior that foster diversity and inclusion.
- Regularly connect work to BMO’s purpose, set inspirational goals, define clear expected outcome, and ensure clear accountability for follow through.
- Develop and maintain in-depth knowledge of third-party risk management and applicable legislative/ regulatory requirements and guidance.
- Performs and/or effectively challenges across various programs including third-party issues & events, 1st Line monitoring & testing activities, and 1st Line reporting metrics.
- Manage 2nd Line independent monitorin



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