Senior Manager

Application Deadline:

Address:

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This role sits within the second line of defense and is focused on designing, improving, and transforming processes that support the bank's model risk framework. The Senior Manager will:

• Design and Optimize Processes: Translate model risk framework requirements into actionable processes, identify areas for improvement, and build scalable solutions.

• Drive Synergies Across Teams: Align validation teams through standardized templates, oversight, and activity pipeline management.

• Lead Change Management: Communicate and implement changes across both first and second line teams, including training and stakeholder engagement.

Key Skills & Experience:

• Strong process design and transformation experience

• Background in model risk or broader risk functions is an advantage

• Change management and stakeholder communication skills

• Objective, strategic thinker with a generalist mindset

Team Leadership: Potential to manage one team member (and other offshore resources in the future).

If you're looking for your next dream job, consider this one in BMO's Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture.  #ERPMDreamJobs

Provides expertise in the design, development, management, and implementation of key processes and strategic initiatives supporting the execution of the Model Risk Management framework. Develops business goals and key performance metrics to support program monitoring and enable insights. Works across BMO to deliver specific program results in alignment with overall group goals.

• Designs, develops, and implements processes and procedures to support the model risk management framework and meet regulatory requirements.

• Develops business cases by identifying needs/opportunities, analyzing potential options and assessing expected return on investment.

• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.

• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

• Directs the planning & implementation of operational programs for model risk management and executes within required service level agreements and standards.

• Provides input into the planning and implementation of strategic programs.

• Ensures strong governance and effective controls across model risk management processes and procedures in accordance with enterprise standards.

• Supports the development and maintenance of the model risk management framework.

• Designs and monitors key risk metrics and performance indicators to measure the effectiveness of the model risk management program; recommends changes as required.

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.

• Ensures alignment between values and behaviour that fosters diversity and inclusion.

• Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.

• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.

• Attracts, retains, and enables the career development of top talent.

• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.

• Provides strategic input into business decisions as a trusted advisor.

• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

• Acts as a subject matter expert on relevant regulations and policies.

• May network with industry contacts to gain competitive insights and best practices.

• Influences and negotiates to achieve business objectives.

• Identifies emerging issues and trends to inform decision-making.

• Leads the execution of initiatives/programs; assesses and adapts as needed to ensure quality of execution.

• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.

• Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information.

• Integrates information from multiple sources to enable more efficient processes, enhanced analysis and/or streamlined reporting.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Acts as a relationship manager on assigned projects/programs.

• Builds effective relationships with internal/external stakeholders.

• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.

• Monitors and tracks performance and addresses any issues.

• Reviews the program for effectiveness, considers industry trends and recommends enhancements; makes changes as required.

• Operates at an enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.

• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.

• Implements changes in response to shifting trends.

• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• In-depth / expert knowledge and understanding of model life cycles and model risk management practices.

• In-depth / expert knowledge of risk management, audit, compliance, governance and/or project management is preferred.

• In-depth / expert knowledge of business and regulatory environment and understanding of risk issues / trends and best practices.

• In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.

• In-depth / expert communication and relationship management skills.

• Ability to manage multiple priorities with effective planning and organizing skills.

• Seasoned professional with a combination of education, experience and industry knowledge.

• Verbal & written communication skills - In-depth / expert.

• Analytical and problem-solving skills - In-depth / expert.

• Influence skills - In-depth / expert.

• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / expert.

• Data driven decision making - In-depth / expert.

• Able to manage ambiguity.

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 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: 

About Us

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

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.