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Jobs · Finance · Illinois

Senior Manager, AI Assurance & Audit

BMO U.S. · Chicago, IL · 3 mo ago
Finance$102k–$190k/yrFull-time

About the role

Lead and execute audits focused on Artificial Intelligence (AI), including Generative AI, Large Language Models, and AI-enabled processes, by assessing the design and effectiveness of AI governance, Responsible AI frameworks, and risk management practices. Evaluate risks such as bias, fairness, explainability, transparency, privacy, model misuse, hallucinations, and regulatory compliance, and validate controls including human oversight, monitoring, testing, and inventory governance. Provide independent assurance on AI control environments and oversight processes, identify emerging AI risks and control gaps, and deliver clear, actionable insights to management and the Board to strengthen governance and mitigate operational, ethical, and reputational risks arising from AI adoption.

Strategic Input

Provides strategic input into business decisions as a trusted advisor. Meets regularly with business /group stakeholders to identify, changing strategies, tactics, and initiatives across the business group/corporate area and critically evaluate and direct changes to the nature, extent and timing of the audit and related procedures.

Resource Management

Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals. Helps determine business priorities and best sequence for execution of business/group strategy.

Communications and Strategy

Develops the business case by identifying needs, analysing potential options and assessing expected return on investment. Acts as the prime subject matter expert for business/group/stakeholders including colleagues across Corporate Audit. Ensures alignment between stakeholders. Provides proactive leadership and direction to team members as may be required.

Data Insights and Reporting

Defines business requirements for analytics & reporting to ensure data insights inform business decision making. Provides “big picture” insights based upon knowledge and research enhancing the Division’s value proposition with senior leadership and business groups.

Audit Planning and Execution

Develops an annual audit plan which is well aligned to client strategies and tactics and encompasses appropriate areas of focus based upon the business and operating risks of the unit. Where appropriate, hires and onboards new team members. Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.

Independence and Compliance

Maintains the independence of the audit practice and its personnel. Applies sound judgement in the execution of the assigned work and ensures open lines of communication. Maintains working knowledge of the industry, regulatory, broad economic environment, and internal environment, as to the development of new strategies and plans, opportunities and risk, to obtain an understanding of the control environment.

Technology and Emerging Risks

Utilizes data analytics in advisory engagements to improve quality and efficiencies. Identifies and evaluates the impact of new and emerging technology and technology risk on the organization’s processes and control environment.

Advisory and Engagement Services

Determines impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services. Identifies and evaluates the impact of new and emerging technology and technology risk on the organization’s processes and control environment.

Qualifications

  • Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • Verbal & written communication skills - In-depth / Expert.
  • Analytical and problem solving skills - In-depth / Expert.
  • Influence skills - In-depth / Expert.
  • Data driven decision making - In-depth / Expert.
  • Professional designations such as: CIA, CISA, CPA or CRISC.
  • Additional AI-related certifications are strongly preferred, including: ISACA Advanced in AI Audit (AAIA), ISACA Artificial Intelligence Fundamentals, GARP Artificial Intelligence Risk & Governance (AIRG), Artificial Intelligence Governance Professional (AIGP).

Experience

  • Seasoned professional with a combination of education and experience.
  • Experience in financial services is strongly preferred with exposure to cross-border regulatory environments (Canada and U.S.).
  • Practical understanding of AI risks including: Bias and fairness, Explainability and transparency, Hallucinations, Privacy and confidentiality, Intellectual property risk, AI misuse and abuse, Regulatory compliance, Human accountability and oversight, Hybrid 3 days in office required (Chicago, Milwaukee, California).

    • Pay and Benefits

    Salary: $102,000.00 - $190,000.00 Pay Type: Salaried.

    To view more details of our benefits, please visit: https://jobs.bmo.com/us/en/Total-Rewards

    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.

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