AI Risk Governance Specialist
2 weeks ago
The Bank of Montreal is seeking a highly skilled AI Risk Governance Specialist to join its team. This role will be responsible for overseeing the deployment of Artificial Intelligence (AI) at BMO and ensuring that use cases are consistent with internal risk management frameworks and meet bank standards.
About the Role- Oversee and provide effective challenge on AI risks for a specific set of business groups within 1st line of defense.
- Develop procedures and testing protocols to facilitate review and challenge.
- Engage in the ongoing improvement and maintenance of the 2nd line of defense Analytics Risk Directive and AI Risk Directive ensuring alignment among key stakeholders and with Operational Non-Financial Risk programs.
This position requires strong risk management skills, including the ability to identify and mitigate potential risks associated with new AI solutions. The successful candidate will work closely with other teams within the second line of defense to create a clear picture of risks associated with AI and generative AI tools.
Key Responsibilities- Provide direct oversight of individual use cases and work collaboratively with other teams within the second line of defense to identify the potential risks associated with new use cases.
- Work closely with other 2nd line of defense functions to create a clear picture of risks associated with AI and generative AI tools.
- Execute direct accountabilities for AI risk management compared to other frameworks (e.g. model risk management, technology risk).
- Provide conclusions and input as part of various forums and working groups that assess risks of new AI solutions including generative AI.
- Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
- Graduate degree in a quantitative field, Computer Science, Business Administration, or related field of study preferred.
- Demonstrated capacity for managing and mitigating risks, ensuring adherence to governance and compliance standards.
The salary range for this position is estimated to be between $120,000 - $180,000 per year, depending on experience and qualifications. Benefits include health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. We are committed to providing our employees with a total rewards package that reflects their value to the organization.
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