Vice President, Operational Risk

3 weeks ago

Toronto, Canada BMO Financial Group Full time

100 King Street West Toronto Ontario,M5X 1A1

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

Lead the execution of the RRS Operational Risk mandate through the following responsibilities:

- Lead and ensure the high performance of the NA RRS team in the execution of its mandate Operational Risk Mandate:

- Prevent operational loss and ensuring the CM business is executed in compliance with applicable regulations by
- Understanding processes, ensuring effective controls are in place and using data to prevent loss
- Develop, plan and ensure the execution of Operational Risk Objectives and Key Results aligned with RRS, CM and BMO
- Build and maintain an understanding of end-to-end processes in support of operational excellence and resilience.
- Plan and execute short and long-term work and ad hoc deliverables within given timelines and budget
- Methodically solve problems across a continuum that ranges from simple day-to-day issues to highly complex business, technical or regulatory issues.
- Use judgement to effectively resolve conflict and manage competing priorities
- Actively participate in relevant Committees and forums to represent the RRS mandate
- Build positive relationships within, GM, I&CB and across Corporate Support Areas in order to garner support, advice and partnership that enables execution of the role
- Engage with regulators as needed and establish and use your industry network in planning and decision making in the NA.
- Assist in creating a holistic view of CM's first line non-financial risk profile to enables the business to see a targeted view of their key non-financial risks.
- Support the development of a process that allows the escalation of key risks to flow to the appropriate executives and committees
- Bring together the Owners of the risk areas to address risks in a timely and effective manner.
- Protect the firm from non-financial risks with robust risk governance.
- Develop or expand the business’ inventory of KRIs (key risk indicators) by working with stakeholders in various risk areas to identify and fill reporting metric gaps
- Identify efficiency opportunities and process improvements by analyzing data; automate and streamline processes and controls in support of creating capacity for further innovation across the team
- Ongoing self-study about Capital Markets, emerging regulatory and industry issues, BMO business priorities, and best practices

**Note: this role is within the Capital Markets business, in the Office of the Chief Operating Officer. The business operates at a quick pace with exceptional quality and high expectations; as such the role requires the same pace coupled with high quality execution of deliverables.

The role will have high exposure within the business and can lead to attractive future opportunities for a high performer.

**Qualifications**

**Skills**:

- Complete accountability for the execution of NA RRS Operational Risk mandate
- Ability to represent Global Markets at internal committees, with regulators, with internal & external auditors and industry forums
- Develop controls and safeguards to identify and manage risk, mitigate loss or damage
- Excellent understanding of complexity of transactions and related risk (credit, market, operational, legal/compliance, etc.)
- Ability to:

- Develop tools and methods to increase transparency in the group's risk-taking activities
- Interpret and answer business questions, using various tools and data (e.g. data analytics, trend analysis)
- Recognize problems, propose solutions and execute on them; quick learner
- Create/execute a detailed plan for short and long term work; multiple plans consecutively
- Ensure that key insights are supported by accurate data and research
- Investigate opportunities for increasing efficiency in their regular responsibilities and projects and their value add to the business, including cost/benefit
- Adapt and quickly develop in-depth understanding of new/different initiatives, requirements, or roles
- Produce high quality budgeting and financial work
- Smoothly lead calls and meetings
- Develop, lead, influence, and challenge direct reports
- Manage resources effectively; think strategically about resource usage: financial and human

Personal Attributes
- Service oriented, team player; Confident, leader
- Problem solver, decision maker, proposes solutions
- Motivated, self-directed; Anticipate needs and requests
- Strong verbal, written and interpersonal communication
- Calm under pressure, ability to execute while manage competing priorities
- Humble, ability to laugh at self

Knowledge
- Undergraduate degree, graduate degree preferred
- 5+ years related work experience
- Advanced understanding of Capital Markets and/or complex financial institutions processes and business activities.
- Fa

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