Advisor, Policy Framework

3 weeks ago


Toronto, Canada BMO Financial Group Full time

100 King Street West Toronto Ontario,M5X 1A1

Provides oversight, monitoring and reporting on the identification, assessment, monitoring and control of all categories of risk (Market, Operational, Credit, and Liquidity risks) for a designated portfolio and / or jurisdiction. Develops and maintains the risk management framework that includes the governance framework and practices leveraged across the assigned portfolio to manage all risks taken. Provides policies, standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Executes decision rights within the governance framework and works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance as well as effective monitoring, timely reporting and identification of action plans.
- 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.
- Assists in the development of strategic plans.
- Supports development and execution of strategic initiatives and new products development process in collaboration with internal and external stakeholders.
- Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
- Supports the maintenance, monitoring, measurement & reporting on the status of the risk governance programs and key risk indicators to internal & external stakeholders.
- Provides input into the planning and implementation of ongoing operational programs in support of the risk framework.
- Leads/participates in the design, implementation and management of core business/group processes.
- Coordinates and monitors the review and sign-off of attestations and reporting.
- Administers and maintains risk program activities in adherence to all policies, procedures and established processes for risks taken within the Risk Appetite of the Bank.
- Identifies potential risk situations/ impacts and make recommendations or escalates as per decision rights frameworks and guidelines.
- Assists with the interpretation of new or changing regulations and assessing impacts to the risk programs and governance frameworks; recommends and implements solutions based on analysis of issues and implications for the business.
- Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
- Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
- Initiates and facilitates productive forums, where stakeholders can discuss, debate, and decide on key risk concerns.
- Builds effective relationships with internal/external stakeholders e.g. business stakeholders and Corporate Support Areas (CSAs) in providing ‘second line of defense’ information and 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.
- Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
- Provides specialized consulting, analytical and technical support.
- 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 risk management, audit, compliance, governance.
- In-depth knowledge of business and regulatory environment and understanding of risk issues / trends and best practices.
- In-depth communication and relationship management skills.
- Ability to manage multiple priorities with effective planning and organizing skills.
- 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.
- Data driven decision making - In-depth.

**Compensation and Benefits**:
$74,800.00 - $138,600.00

**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.

**We’re here to help**

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