Vice president, global markets business control – commodities

Date limite pour présenter sa candidature :

10/29/2026

Adresse :

100 King Street West

Groupe de famille d'emploi :

Ventes et service, Marchés des capitaux

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

Summary

The VP, GM Business Control - Commodities provides first-line business control coverage for Commodities across Global Markets, spanning physical and derivative activity in metals, energy, agricultural, and environmental products. The role is focused on operational and process execution risk across the commodity lifecycle, including process and control documentation, risk assessment, control monitoring, issues and events, KRIs, business continuity, and management reporting. A key priority is leading physical commodities operational risk programs, including MORA and successor frameworks, covering storage, transportation, inventory, providers, and related execution risks. The VP partners with Commodities Sales and Trading, Origination, Operations, Technology, first-line Centers of Excellence, Regulatory Business Control, Compliance, Legal, and second-line risk to ensure material operational risks are identified, controlled, escalated, and reported with clear, decision-ready insight.

Job Description

The VP, GM Business Control - Commodities sits within the Global Markets (GM) Business Control team, part of Governance and Controls within the Capital Markets Office of the Chief Operating Officer (OCOO). Reporting to the Director, GM Business Control, the role provides first-line operational and process risk coverage for the Commodities business, with particular depth in the execution risks arising from physical commodity activity.

The VP is a key first-line control contact for Commodities, working directly with business heads and desk leadership on process execution risks, operational incidents, control gaps, and changes to products, clients, providers, locations, or operating models. The role works closely with Operations, Technology, Corporate Risk Insurance, Third Party Risk, Physical Security, and second-line Operational Non-Financial Risk. Regulatory Business Control, Compliance, and Legal remain distinct partners for matters requiring regulatory interpretation or dedicated regulatory control coverage. Governance and Controls operates at pace with high expectations from senior business and risk stakeholders; Commodities adds a complex physical footprint, material operational exposures, and active governance oversight.

Key Roles & Responsibilities

1. Commodities operational and process risk execution

provide first-line business control coverage focused on the processes, controls, and execution risks supporting Commodities activity.

• Process Risk & Control (PRC) Library: Own the Commodities PRC inventory, including process documentation, risk and control mapping, control ownership, and periodic and trigger updates.
• Risk Assessment: Execute the annual PSPRA for Commodities, including new product and new activity assessments.
• KRIs and metrics: Develop and report Commodities KRIs and control KPIs, including limit, inventory, and event-driven measures, with trend analysis to inform risk appetite and business decisions.
• Control reviews and testing: Own controls management; identify vulnerabilities and efficiency opportunities; support control testing, evidence quality, and remediation tracking.
• Events and issues: Lead investigation and root cause analysis with the business, agree remediation actions and owners, and ensure timely recording, reporting, and escalation.
• Change and remediation: Provide operational and process risk input for business change, technology initiatives, audits, and remediation activity, ensuring practical controls are designed into changes from inception.
• Business continuity and resilience: Maintain Commodities Business Impact Assessments and Business Continuity Plans; coordinate testing and evidence to support resilience obligations.

2. Physical commodities operational risk programs

lead the assessment frameworks governing BMO-owned inventory, storage, and transportation, including MORA and equivalents for other commodity classes.

• Execute new provider and location assessments, including scoring, escalation, and approval routing; conduct periodic and trigger-based reviews of approved providers, facilities, and clients.
• Perform daily inventory, insurance certificate, and limit monitoring across providers, locations, clients, and jurisdictions, including limit increases, excesses, breaches, and country risk exposure; approve limits in IMS where delegated.
• Coordinate and execute t