Director, Operational Resilience Risk Management Oversight

Director, Operational Resilience Risk Management Oversight Get AI-powered advice on this job and more exclusive features. This role reports to the MD Operational Resilience Risk Management and is accountable to lead the newly established Second Line of Defense oversight function for Operational Resilience, providing independent governance, challenge, and strategic integration across key risk domains (BCM, 3rd Party, Data, IT, Cyber, etc). The incumbent will be responsible for establishment and execution of a formal 2LOD oversight function for Operational Resilience, ensuring independent challenge and validation of First Line activities across the Bank as it pertains to Operational Resilience (eg. Operational Resilience Critical Business Products & Services inventory and related Impact Tolerance, PSPRA, Issues, Losses, KRI / KRMs, New Product evaluation, 3rd Party onboarding and ongoing oversight). Additionally, reviewing and approving resilience frameworks and risk appetite statements, overseeing scenario testing and control validation, and driving cross-functional alignment with enterprise risk frameworks. This role plays a critical part in ensuring regulatory compliance across all jurisdictions and embedding resilience into the bank’s operational risk posture. Strategic Oversight & Governance Lead the establishment and execution of a formal 2LOD oversight function for Operational Resilience, ensuring independent challenge and validation of First Line activities across the Bank. Provide expert review and approval of the Operational Resilience Framework and the Operational Non‑Financial Risk Appetite Statement, ensuring alignment with OSFI E‑21 and other regulatory guidelines. Cross‑Domain Integration Drive integration of Operational Resilience oversight across interconnected risk domains (e.g., BCM, TPRM, IT, Data, Crisis Management), ensuring cohesive governance and risk management practices. Collaborate with Enterprise Risk Management to embed resilience into broader risk frameworks, including Risk Identification, Appetite, and Scenario Testing. Risk Assessment & Control Validation Oversee targeted process and control reviews (TPCRs) and Product/Service, Process Risk Assessments (PSPRAs) to identify resilience vulnerabilities and ensure control effectiveness. Champion the development and monitoring of Key Risk Indicators or Key Risk Metrics specific to Operational Resilience. Regulatory Alignment & Reporting Ensure line‑of‑sight and/or adherence to all regulatory requirements (e.g., OSFI E‑21, B‑10, and B‑13) throughout the Operation Resilience function. Lead the development of executive‑level reporting and escalation protocols for resilience‑related risks, issues, and events. Stakeholder Engagement & Advisory Act as a trusted advisor to senior leadership, providing strategic input on resilience initiatives and emerging risks. Facilitate training and awareness programs to promote a resilience‑focused culture across the organization. Continuous Improvement & Assurance Commission independent reviews of the Operational Resilience oversight function to ensure objectivity and effectiveness. Promote continuous improvement in scenario testing sophistication and resilience maturity across the enterprise. Qualifications 9+ years of relevant experience and post‑secondary degree in a related field or equivalent combination of education and experience. Expert knowledge of operational risk management practices and regulatory requirements. Expert knowledge of the designated business/product portfolio and quantitative techniques. Proven experience with risk policy frameworks, quality control, and testing frameworks. Strong analytical, communication, influence, and collaboration skills. Ability to manage ambiguity and make data‑driven decisions. Salary & Compensation $121,600.00 – $211,800.00 Pay Type: Salaried 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, and other perks. Health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans are also offered. For more details, visit Total Rewards . About BMO At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. We transform lives and businesses, and power economic growth around the world. BMO is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. #J-18808-Ljbffr