Head of Risk Identification and Emerging Events

5 months ago

Toronto, Canada BMO Financial Group Full time

100 King Street West Toronto Ontario,M5X 1A1

The role of Head of Risk Identification and Emerging Events & Scenarios is crucial for effective risk management. This is led by:

- Strategic Insights: This role provides strategic insight by identifying potential risks that could impact BMO’s objectives. This involves understanding and assessing internal and external factors that effect BMO’s earnings, capital and liquidity resources
- Board level visibility: The key stakeholder are the Board and Executive Committee. They require the organisation to document, track and more regarding the risks. The Risk ID inventory is key to bring together the 9 types of risks that BMO is exposed to. The role is key to look across Risks and Operating Groups, and assess potential vulnerabilities to BMO. The stakeholders are also looking for insights to potential internal or external events on the horizon that could harm BMO’s strategic objectives and financial resources
- Regulatory requirements: This role will inform regulatory required stress tests and scenarios for capital planning purposes and for assessing vulnerabilities to severe yet plausible events, eg Geo-political risk impact

The is a newly developed role with breadth of coverage across all Operating Groups and Corporate Service Areas across North America as well integrating across BMO’s 9 Risk Types.

Provides oversight, monitoring and reporting on the identification, assessment, monitoring and control of all categories of risk (Market, Operational, Credit, and Liquidity risks) across the enterprise including Operating Groups and Corporate Areas. 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 timely reporting and identification of action plans.
- Owns the Risk Identification Framework
- Owns the Quarterly Refresh Cycle Process to update the Enterprise and US inventories including Enterprise-wide review & challenge.
- Manages and reports the Enterprise and US Risk ID Inventories.
- Provides advice, tools, and training to Risk ID leads from 1st and 2nd line.
- Develops Emerging Event & Scenarios informed by Risk ID.
- Executes Risk assessment and scenario analysis of Events.
- Leads and integrates the monitoring, measurement & reporting on the status of the risk governance program to internal & external stakeholders.
- Leads the management of governance meetings and maintenance of governing body mandates, oversight, and approval guidelines.
- 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.
- Maintains tools and templates for risk programs and standards as required (e.g., Risk Control Self Assessment (RCSA), Sarbanes-Oxley (SOX); business continuity planning standards and policies, etc.)
- Identifies the impact of proposed process/program/technology changes on current processes, to optimize efficiency and minimize disruption.
- Within the mandate of this role, promotes and supports the Bank’s risk culture including ensuring employees understand their accountabilities for risk-taking activities, promoting an environment of open communication and effective challenge, and establishing the “tone from the top” through leading by example.
- Complies with the Bank’s Risk Appetite framework and ensures risk-taking activities remain within ag

  • Assistant Director

    7 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** Develops and implements global risk management reports, systems, and processes to minimize investments risks. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments. **What is the Opportunity?**: **This role resides within the Risk Identification group under the Group Risk Management - U.S. Enterprise...

  • Director - Risk Identification and Ccar

    7 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** Directs the identification and measurement of organizational, physical and financial risk; implements programs and business processes to minimize risk. Manages activities through senior managers and managers and implements corporate and divisional strategic plans and budgets. - Job Description **What is the Opportunity?**: **This role...

  • Associate Director, Emerging Risk

    2 weeks ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** **What is the opportunity?** RBC’s Emerging Risk team identifies, assesses, and monitors the enterprise’s Emerging Risks, generating analysis and insights into these risks and their implications for the bank. The team communicates these insights to senior-level audiences and decision-makers across the enterprise, including executives...

  • Emerging Risk Management Professional

    7 days ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    About Royal Bank of CanadaAs a leading financial institution, Royal Bank of Canada is committed to delivering exceptional services and solutions to our clients. Our team of experts works tirelessly to identify, assess, and monitor emerging risks that may impact our business.The RoleWe are seeking an experienced Associate Director, Emerging Risk to join our...

  • VP, Enterprise Risk Management

    3 days ago

    Toronto, Canada Madison-Davis, LLC Full time

    Office Status: HybridSalary: Up to $150,000Responsibilities:• Prepare and review all ERM policies, standards, guidance and procedures from Head Officeincluding Americas Division (AD), for adoption and implementation by Canada BranchDevelop implementation plan for newly adopted/established Policies owned by ERM DepartmentProactively monitor the external...

  • VP, Enterprise Risk Management

    3 days ago

    Toronto, Canada Madison-Davis, LLC Full time

    Office Status: HybridSalary: Up to $150,000Responsibilities:• Prepare and review all ERM policies, standards, guidance and procedures from Head Officeincluding Americas Division (AD), for adoption and implementation by Canada BranchDevelop implementation plan for newly adopted/established Policies owned by ERM DepartmentProactively monitor the external...

  • Emerging Risk Leadership Position in Toronto, Canada

    1 hour ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    About the RoleWe are seeking a highly skilled Associate Director to join our Emerging Risk team at Royal Bank of Canada (RBC). The successful candidate will play a key role in executing our Emerging Risk mandate and further developing RBC's risk management programs.This is a Hybrid role with 3 in-office days per week based out of our downtown Toronto office....

  • Vice President, Risk Management

    4 days ago

    Toronto, ON, Canada Madison-Davis, LLC Full time

    Office Status: Hybrid Salary: Up to $150,000 Responsibilities: ~• Prepare and review all ERM policies, standards, guidance and procedures from Head Office ~ including Americas Division (AD), for adoption and implementation by Canada Branch ~ Develop implementation plan for newly adopted/established Policies owned by ERM Department ~ Proactively...

  • Vice President, Risk Management

    4 days ago

    Toronto, ON, Canada Madison-Davis, LLC Full time

    Office Status: Hybrid Salary: Up to $150,000 Responsibilities: ~• Prepare and review all ERM policies, standards, guidance and procedures from Head Office ~ including Americas Division (AD), for adoption and implementation by Canada Branch ~ Develop implementation plan for newly adopted/established Policies owned by ERM Department ~ Proactively...

  • VP, Enterprise Risk Management

    5 days ago

    Toronto, Canada Madison-Davis, LLC Full time

    Office Status: HybridSalary: Up to $150,000Responsibilities:• Prepare and review all ERM policies, standards, guidance and procedures from Head Officeincluding Americas Division (AD), for adoption and implementation by Canada BranchDevelop implementation plan for newly adopted/established Policies owned by ERM DepartmentProactively monitor the external...

  • VP, Enterprise Risk Management

    4 days ago

    Toronto, Canada Madison-Davis, LLC Full time

    Office Status: HybridSalary: Up to $150,000Responsibilities:• Prepare and review all ERM policies, standards, guidance and procedures from Head Officeincluding Americas Division (AD), for adoption and implementation by Canada BranchDevelop implementation plan for newly adopted/established Policies owned by ERM DepartmentProactively monitor the external...

  • VP, Enterprise Risk Management

    4 days ago

    Toronto, Canada Madison-Davis, LLC Full time

    Office Status: Hybrid Salary: Up to $150,000 Responsibilities: • Prepare and review all ERM policies, standards, guidance and procedures from Head Office including Americas Division (AD), for adoption and implementation by Canada Branch Develop implementation plan for newly adopted/established Policies owned by ERM Department Proactively monitor the...

  • Head of Payments Risk

    6 months ago

    Toronto, Canada Central 1 Credit Union Full time

    Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5...

  • Vp, Enterprise Risk Management

    4 days ago

    Toronto, ON, Canada Madison-Davis, LLC Full time

    Office Status: Hybrid Salary: Up to $150,000 Responsibilities: - Prepare and review all ERM policies, standards, guidance and procedures from Head Office including Americas Division (AD), for adoption and implementation by Canada Branch Develop implementation plan for newly adopted/established Policies owned by ERM Department Proactively monitor the...

  • Vp, Enterprise Risk Management

    4 days ago

    Toronto, ON, Canada Madison-Davis, LLC Full time

    Office Status: Hybrid Salary: Up to $150,000 Responsibilities: - Prepare and review all ERM policies, standards, guidance and procedures from Head Office including Americas Division (AD), for adoption and implementation by Canada Branch Develop implementation plan for newly adopted/established Policies owned by ERM Department Proactively monitor the...

  • VP, Enterprise Risk Management

    7 days ago

    Toronto, Ontario, C6A, Ontario, Canada Madison-Davis, LLC Full time

    Office Status: HybridSalary: Up to $150,000Responsibilities:• Prepare and review all ERM policies, standards, guidance and procedures from Head Officeincluding Americas Division (AD), for adoption and implementation by Canada BranchDevelop implementation plan for newly adopted/established Policies owned by ERM DepartmentProactively monitor the external...

  • Strategic Risk Management Leader

    4 weeks ago

    Old Toronto, Canada Risk & Insurance Management Society Inc Full time

    OverviewFiera Capital is seeking a highly skilled and experienced Director of Investment Risk to join its team. Reporting to the Global Chief Compliance and Investment Risk Officer, the successful candidate will play a critical role in enhancing and executing a robust quantitative and qualitative focused investment risk framework.About the RoleThe Director...

  • Vice President, Enterprise Risk Management

    2 months ago

    Toronto, Canada Sumitomo Mitsui Banking Corporation Full time

    **Purpose of Position**: The Vice President, Enterprise Risk Management (ERM) will be responsible for working with the Executive Director, ERM in the independent identification, measurement, assessment, and monitoring and reporting of all significant risks to the organization. This position will be responsible for the production of various ERM reports as...

  • RBC Enterprise Risk Analyst Opportunity

    1 week ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Unlock a dynamic career at Royal Bank of Canada as an Enterprise Risk Analyst.About the RoleWe are seeking a highly motivated and detail-oriented individual to join our team in Toronto, Ontario. As an Enterprise Risk Analyst, you will play a key role in identifying, assessing, and monitoring Top and Emerging Risks for RBC.Key ResponsibilitiesSUPPORT THE...

  • Vice President, Enterprise Risk Management

    3 weeks ago

    Toronto, Canada Sumitomo Mitsui Banking Corporation Full time

    **Purpose of Position**: The Vice President, Enterprise Risk Management (ERM) will be responsible for working with the Executive Director, ERM in the independent identification, measurement, assessment, and monitoring and reporting of all significant risks to the organization. This position will be responsible for the production of various ERM reports as...