Director EFM Governance & Oversight

About the role

Contributes to the business’ accountability for the delivery of regulatory programs across applicable Tier 1 Risk Types.

Contributes to the design of governance and control requirements for products, processes, and channels.

Supports the design, development, automation, and coordination of evidence based controls across Credit & Counterparty, Non Financial, Liquidity & Funding, Market, Strategic, Reputation, and Environmental & Social Risks.

Supports effective and efficient compliance with regulatory obligations in alignment with the Bank’s Risk Management Framework and approved Risk Appetite.

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 behavior 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.

Arrts, 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.

Acts as a strategic partner to ensure the program elements become an integrated component of the overall business/group strategies.

Develops an expert understanding of business/group challenges.

Develops longer term program strategies assessing both internal needs & industry trends to deliver best-in-class programs for BMO.

Serves multiple, varied business units with significant complexity & business transaction risk.

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

Acts as a subject matter expert in the evaluation, development and implementation of an internal control system.

Prepares and briefs senior leaders on regulatory matters across multiple businesses/groups.

Maintains a thorough understanding of industry and legislative developments and continuously updates programs to ensure they are competitive and effective.

Supports the position on regulatory compliance issues by interpreting requirements (existing, new and emerging) and identifying, analysing and addressing resultant gaps and issues, including those raised through the review of change initiatives.

Understands the identified risk exposures and supports the development of action plans required to mitigate identified risks.

Represents the business/group on Governance/Risk Working Groups/Forums and provides regular updates.

May establish/manage a 1st LOD control group to oversee business/group adherence to the applicable risk managements requirements.

May include evaluating the effectiveness of the controls, reporting on risk assessments and reviews, ensuring the business/group management addresses any identified risks and control deficiencies and the provision of advice and guidance to management concerning the design, and operation of the business/group controls.

May consult to or serve on various committees and task forces.

Directs strategic programs that impact BMO and provides integrated management of subsidiary projects and internal or external stakeholders.

Provides overall program level change leadership to ensure program vision and objectives are achieved and effectively integrated across BMO.

Builds effective relationships with internal/external stakeholders.

Monitors and tracks performance, and addresses any issues.

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

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

Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.

Maintains oversight of 1st line jobs to ensure they follow defined processes and procedures.

Designs, documents and maintains business/group procedures updating and obtaining approvals as regulations or the operating environment changes and communicates changes to the business/group & relevant stakeholder groups.

Develops and maintains an understanding of the business/group strategies and objectives, products and services, internal and external stakeholders and business processes as well as the underlying infrastructure to identify and manage implications and risk exposures for the business/group.

Identifies, investigates, analyzes, documents & mitigates program risks, taking into account jurisdictional issues, and raises any issues or concerns to senior leaders and other stakeholders.

Supports the business/group through internal/external audits or regulatory examinations and assists in development of action plans to resolve any identified issues.

Provides support to the development and delivery of training and awareness programs within the business/group to increase awareness of and compliance to risk management requirements.

Takes measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.

Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO. Influences how teams/groups work together.

Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.

Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives.

Anticipates trends and responds by implementing appropriate changes.

Qualifications

• Typically 9+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Program management skills - Expert.
• Seasoned expert with extensive industry knowledge.
• Technical leader viewed as a thought leader for innovation.
• Verbal & written communication skills - Expert.
• Analytical and problem solving skills - Expert.
• Influence skills - Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - Expert.
• Able to manage ambiguity.
• Data driven decision making - Expert.

Pay

$110,500.00 - $192,500.00