Senior Manager, AI Assurance & Audit

Lead and execute audits focused on Artificial Intelligence (AI), including Generative AI, Large Language Models, and AI-enabled processes. Assess 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. 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.

Responsibilities

• Provide strategic input into business decisions as a trusted advisor.
• Meet regularly with business/group stakeholders to identify changing strategies, tactics, and initiatives, and critically evaluate and direct changes to audit procedures.
• Manage resources and lead the execution of strategic initiatives to deliver on business and financial goals.
• Help determine business priorities and best sequence for execution of business/group strategy.
• Develop business cases by identifying needs, analyzing potential options, and assessing expected return on investment.
• Act as the prime subject matter expert for business/group/stakeholders, including colleagues across Corporate Audit.
• Ensure alignment between stakeholders.
• Provide proactive leadership and direction to team members as required.
• Provide feedback supporting or completing performance assessments.
• Define business requirements for analytics and reporting to ensure data insights inform business decision-making.
• Provide “big picture” insights based on knowledge and research to enhance the Division’s value proposition with senior leadership and business groups.
• Develop specific and broad communications identifying revenue and cost management opportunities for business units/groups to assist in achieving their business goals, including profitability.
• Collaborate across BMO to develop communications strategies and ensure consistency of messaging to positively influence or change behavior.
• Develop an annual audit plan aligned to client strategies and tactics, encompassing appropriate areas of focus based on business and operating risks.
• Hire and onboard new team members where appropriate.
• Continue to develop a highly engaged team with specialized expertise.
• Ensure the work of subordinates is well executed in accordance with Audit standards, with sound, well-documented, and repeatable judgments.
• Manage regular performance and performance assessment of all staff, recognizing the appropriate value and timing of rewards.
• Execute audits in full recognition of the risks of the group, encompassing inherent risks, control risks, and internal/external environment and regulatory risks.
• Conduct advisory engagements and other engagements as required.
• Determine the impact of changing strategies, tactics, risks, and initiatives on audit, advisory, and investigative services.
• Identify and evaluate the impact of new and emerging technology and technology risk on the organization’s processes and control environment.
• Utilize data analytics in advisory engagements to improve quality and efficiencies.
• Develop awareness of business strategies, policies, and standards to provide meaningful insights based on knowledge and research, improving Enterprise management and control processes.
• Maintain the independence of the audit practice and its personnel.
• Develop insightful discussion points contributing to audit reports, providing a fair and balanced assessment of governance, risk, and control processes based on audit work performed.
• Deliverables must be objective, clear, concise, and timely.
• Identify control deficiencies and provide a fair and balanced assessment of their magnitude.
• Maintain working knowledge of the industry, regulatory, broad economic environment, and internal environment to understand the control environment.
• Ensure all audit procedures are conducted in accordance with Corporate Audit Methodology, as confirmed by its Quality Assurance program and/or regulatory examination results.
• Apply sound judgment in the execution of assigned work and ensure open lines of communication.
• Develop and maintain good working relations with key stakeholders.
• Actively monitor change management initiatives and identify potential risks.
• Actively participate in and support Corporate Audit change initiatives.
• Maintain and enhance professional audit qualifications in line with industry standards.
• Operate at a group/enterprise-wide level and serve as a specialist resource to senior leaders and stakeholders.
• Apply expertise and think creatively to address unique or ambiguous situations and find solutions to complex and non-routine problems.
• Implement changes in response to shifting trends.

Requirements

• Typically 7+ years of relevant experience and post-secondary degree in a related field of study or an equivalent combination of education and experience.
• In-depth/expert verbal and written communication skills.
• In-depth/expert analytical and problem-solving skills.
• In-depth/expert influence skills.
• Able to manage ambiguity.
• In-depth/expert data-driven decision-making skills.
• 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)
• 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.).
• Strong understanding of:
  • Generative AI
  • Large Language Models (LLMs)
  • AI Agents
  • Retrieval-Augmented Generation (RAG)
  • Responsible AI principles
  • AI governance operating models
  • AI oversight frameworks
  • AI lifecycle management
  • Human oversight controls
  • AI monitoring and assurance practices
• Experience conducting audits, assessments, reviews, or assurance activities related to:
  • Generative AI
  • Responsible AI
  • AI governance
  • AI risk management
  • AI-enabled business processes
• 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

Schedule

Hybrid: 3 days in office required (locations: Chicago, Milwaukee, California).

Pay

Salary range: $102,000.00 - $190,000.00 (salaried position). The above represents BMO Financial Group’s pay range and type. Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on hours regularly worked. For commission roles, the salary listed represents BMO Financial Group’s expected target for the first year in this position.

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, as well as other perks and rewards.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans

To view more details of our benefits, please visit: BMO Total Rewards.