Manager, US ONFR Governance

About the role

The Manager, U.S. Operational Non-Financial Risk (ONFR) Governance supports the execution of regulatory and audit engagements, including formal examinations, ongoing supervisory activities, and related deliverables. This role also contributes to the effective governance of operational risk committees by coordinating materials, supporting meeting execution, and reinforcing strong governance practices aligned with BMO’s enterprise governance framework. Acts as a trusted advisor to assigned business/group.

Responsibilities

• Influences and negotiates to achieve business objectives.
• Recommends and implements solutions based on analysis of issues and implications for the business.
• Researches existing or emerging requirements & related best practices to assist and develop recommendations for changes/enhancements.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Leads the development and maintenance of the governance system and framework.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
• Represents the portfolio for internal/external regulatory audits and/or examinations.
• Ensures alignment between stakeholders.
• Captures and manages the management of databases; ensures alignment and integration of data in adherence with data governance standards.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads or participates in defining the communication plan designed to positively influence or change behavior; develops tailored messaging; and identifies appropriate distribution channels.
• Leads and integrates the monitoring, measurement & reporting on the status of the operational risk governance program to internal & external stakeholders.
• May provide specialized support for other internal and external regulatory requirements.
• Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
• Supports the development and execution of ongoing operational programs in support of the operational risk framework.
• Administers and maintains operational risk program activities in adherence to all policies, procedures and established processes.
• Identifies potential risk situations/ impacts, and makes recommendations or escalates to the manager, as per guidelines.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
• Builds effective relationships with internal/external stakeholders e.g. business stakeholders and Corporate Support Areas (CSAs) in providing 'second line of defense' operational risk management support.
• Maintains awareness of regulatory changes and assesses their impact on the business.
• Coordinates and monitors the review and sign-off of attestations and reporting.
• Exercises judgment to identify, diagnose, and solve problems within given rules.

Qualifications

• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth knowledge operational risk management practices.
• In-depth knowledge of the designated business / product portfolio.
• In-depth knowledge of regulatory requirements.
• In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.

Pay

$74,000.00 - $138,000.00

Schedule

Salaried

Benefits

BMO offers a comprehensive benefits package that includes health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. For more information, please visit: https://jobs.bmo.com/us/en/Total-Rewards

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 https://jobs.bmo.com/us/en.

Equal Employment Opportunity

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information. 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.