Risk Governance Manager

BMO Financial Group is seeking a highly skilled Risk Governance Manager to join our team. As a key member of our organization, you will be responsible for developing and maintaining an effective internal control framework that defines the ways and methods governance is implemented, managed, and monitored in the designated business/group portfolio.

• Develop and maintain an internal control framework that promotes transparency, accuracy, and consistency across groups.
• Apply specialized knowledge of risk management, regulatory compliance, and internal controls related to business processes and information.
• Act as a trusted advisor to assigned business/group, influencing and negotiating to achieve business objectives.
• Guide and assist in the identification and classification of issues, recommending action plans and implementing solutions based on analysis of issues and implications for the business.
• Assist in the development of strategic plans, identifying emerging issues and trends to inform decision-making.
• Research existing or emerging requirements and related best practices to assist and develop recommendations for changes/enhancements.
• Help determine business priorities and best sequence for execution of business/group strategy.
• Conduct independent analysis and assessment to resolve strategic issues.
• Lead the development and maintenance of the internal controls governance system and framework.
• Ensure alignment between stakeholders and represent the internal control governance program/structure during internal/external regulatory audits and/or examinations.
• Coordinate the management of databases, ensuring alignment and integration of data in adherence with data governance standards.
• Build change management plans of varying scope and type, leading or participating in a variety of change management activities.
• Lead or participate in defining the communication plan designed to positively influence or change behavior, developing tailored messaging and identifying appropriate distribution channels.
• Lead and integrate the monitoring, measurement, and reporting on the status of the internal controls governance framework/program to internal and external stakeholders.
• Lead the management of governance meetings and maintenance of governing body mandates, oversight, and approval guidelines.
• May provide specialized support for other internal and external regulatory requirements.
• Provides input into the planning and implementation of ongoing operational programs in support of the model validation/risk framework.
• Leads/participates in the design, implementation, and management of core business/group processes.
• Develops governance and control-related solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance to assigned business/group on the implementation of the control framework, including effective challenge.
• Performs testing on design of controls as required, ensuring risks are identified and controls are effective.
• Reviews processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls.
• Identifies where corrective actions are required and escalates per guidelines, ensuring corrective action is taken as necessary.
• Coordinates and participates in the execution of oversight/governance activities, including reporting, assessment of education and training needs, development/delivery of training, and development and execution of regulatory administration processes and procedures.
• Consults with stakeholders to improve consistency and transparency of control measurement/metrics and reporting.
• Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/regulatory directives and guidance.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Analyzes data and information to provide insights and recommendations.
• Documents the internal control governance system, processes, and framework to describe compliance requirements, activities, processes, roles, and responsibilities.
• Develops tools, checklists, and communications to address gaps, issues, and new requirements.
• Monitors and tracks performance, addressing any issues.

• Typically between 5 - 7 years of relevant experience and post-secondary degree in a related field of study or an equivalent combination of education and experience.
• Experience in risk management, audit, compliance, governance, and/or project management is preferred.
• In-depth knowledge of business and regulatory environment.
• In-depth knowledge and experience with risk policy frameworks, quality control/testing frameworks, e.g., SOX 404, COBIT, and COSO frameworks.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal and written communication skills - In-depth.
• Collaboration and team skills - In-depth.
• Analytical and problem-solving skills - In-depth.
• Influence skills - In-depth.
• Data-driven decision making - In-depth.

Salary:

Pay Type:

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 the 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

We're here to help

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.