Vp, Operational Risk

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

The **VP, Operational Risk**&**Resilience, Investment & Corporate Banking (I&CB)**is part of the I&CB Operational Risk and Resilience (I&CB ORR) team within the Capital Markets Operational Risk and Resilience (CM ORR) group. As part of the Capital Markets Office of the Chief Operating Officer (CM OCOO), the CM ORR unit 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.

**Key Roles & Responsibilities**

**Operational Risk** -**Lead the Operational Risk framework and program requirements for I&CB to mitigate risk of loss resulting from inadequate internal process, people, and system controls.

**Process Risk & Control Library**: Lead the trigger update of I&CB PRC Libraries to ensure accuracy and completeness.

**Operational Risk Assessment**: Perform the annual Product/Service, Process Risk Assessment (PSPRA) for I&CB business units.

**Key Risk Indicators (KRI)**:Champion the development or expansion of business KRIs inventory by working with stakeholder in various risk areas to enhance risk governance.

**Targeted Process and Control Review (TPCR)**: Drive process improvement to prevent Operational Risk Event (ORE) and Loss by identifying vulnerabilities, enhancing key controls, and creating efficiency opportunities via TPCR.

**Operational Risk Event (ORE) & Issue Management**: Log any I&CB ORE/Issue in GRCE in a timely and effective manner

**Projects and initiatives**: Execute on any short/long-term Operational Risk projects and initiatives (i.e., Regulatory/Audit Remediation) that that impacts I&CB, as required.

**Business**Continuity Management** -**Manage the Business Continuity program for I&CB to maintain business continuity documentation and facilitate business continuity testing.

**Business Continuity Documentation**: Oversee the Business Impact Assessment (BIA), Business Continuity Plan (BCP), and Risk Assessment (RA), documentation updates across all I&CB business units.

**Quality Assurance**: Partner effectively with enterprise Resilience and Integration (R&I) to aid in Quality Assurance (QA) Review process completion.

**Business Continuity Testing**: Facilitate Disaster Recovery (D/R), third party/vendor/industry testing, Alternate Work Area, and BCP Walkthrough.

**Projects and initiatives**: Execute on any short/long-term BCM projects and initiatives (i.e., Regulatory/Audit Remediation) that impacts I&CB, as required.

**Skills**:

- Excellent organizational skills with ability to create/execute a detailed plan for short
- and long-term work.
- Build positive stakeholder relationships within Capital Markets and across Corporate Support Areas to garner support, advice and partnership that enables execution of the role.
- Communicate effectively (verbal and written) at all levels of the organization, including the most senior executives, including drafting communications and running calls and meeting. Ability to represent Capital Markets at senior industry discussions, with regulators and internal & external auditors.
- Proactive in work and responsibility. Ongoing self-study about Capital Markets, emerging regulatory and industry issues, BMO business priorities, and best practices. Ability to adapt and quickly develop in-depth understanding of new/different initiatives, requirements, or roles.

**Personal Attributes**:

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

**Education/Experience**:

- Undergraduate degree in Business Administration, Risk Management, Economics, Finance and/or relevant background.
- Graduate degree or professional designations in related discipline would be an asset.
- 7+ years of Banking/Financial Institution/ Management Consulting experience with relevant Business Risk exposure, including, but not limited, to Operational Risk, Credit Risk, Business Continuity, Regulatory Compliance, Cyber Security, Third Party Risk, Technology Resiliency, Legal, AML, etc.
- Demonstrated advance technical understanding of Commercial, Corporate and Investment Banking products, services, and systems.
- Knowledge of the various risks and controls associated with Commercial, Corporate and Investment business activities.
- Good understanding of the regulatory landscape and industry practices with respect to Operational Risk, Business Continuity Management, and Operational Resilience
- Experienced in and effective at responding to and deal