Director, Risk Aggregation and GRC Strategy

BMO•Toronto, ON

4d•CA$121,600 - CA$211,800•Onsite

About The Position

The Director, Risk Aggregation and GRC Strategy will work in the Operational Non-Financial Risk (ONFR) group in Enterprise Risk & Portfolio Management (ERPM) and enable more mature implementation of Enterprise risk management framework requirements, and support the multi-year GRC strategy for the Bank. The Director will provide strategic direction and coordinate across multiple risk and compliance stakeholders in the 1st and 2nd line of defence to advance risk management practices for operational risk - including across core Risk Management Framework requirements set by the Bank. The Director will also provide policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups. 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 behaviour 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 a team that collaborate across functional and operating groups to create the highest value for all stakeholders. Attracts, 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 trusted advisor to senior leaders for making business decisions and implementing strategic initiatives. Networks with industry contacts to gather competitive insights and best practices. May consult to or serve on various committees and task forces. Interprets new regulations and assesses impacts to the governance framework. Influences and negotiates to achieve business objectives. Identifies emerging issues and trends to inform decision-making. Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution. Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals. Measures the effectiveness of risk governance system and framework; recommends changes as required. Acts as a contact for internal/external stakeholder relationships, which may include regulators. Ensures alignment between stakeholders. Designs regular and ad-hoc reports, and dashboards. Defines business requirements for analytics & reporting to ensure data insights inform business decision making. Assesses and adapts existing operational programs; develops new capabilities to ensure ongoing success. Leads and integrates the monitoring, measurement & reporting on the status of the operational risk governance program to internal & external stakeholders. Provides input into the planning and implementation of ongoing operational programs in support of the operational risk framework. Leads/participates in the design, implementation and management of core business/group processes. Administers and maintains operational risk program activities in adherence to all policies, procedures and established processes. Identifies potential risk situations/ impacts, and make 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, Senior Operational Risk officers, Risk Specialty Areas (RSAs) in providing ‘second line of defense’ operational risk management support. Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives. 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. Communicates abstract concepts in simple terms. 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. Broader work or accountabilities may be assigned as needed.

Requirements

Typically 9+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Expert knowledge operational risk management practices.
Expert knowledge of the designated business / product portfolio.
Expert knowledge of regulatory requirements.
Expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
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.

Responsibilities

Provide strategic direction and coordinate across multiple risk and compliance stakeholders in the 1st and 2nd line of defence to advance risk management practices for operational risk.
Provide policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups.
Foster a culture aligned to BMO purpose, values and strategy and role model BMO values and behaviours.
Ensure alignment between values and behaviour that fosters diversity and inclusion.
Connect work to BMO’s purpose, set inspirational goals, define clear expected outcomes, and ensure clear accountability for follow through.
Build a team that collaborates across functional and operating groups to create the highest value for all stakeholders.
Attract, retain, and enable the career development of top talent.
Improve team performance, recognize and reward performance, coach employees, support their development, and manage poor performance.
Act as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives.
Network with industry contacts to gather competitive insights and best practices.
Consult to or serve on various committees and task forces.
Interpret new regulations and assess impacts to the governance framework.
Influence and negotiate to achieve business objectives.
Identify emerging issues and trends to inform decision-making.
Recommend business priorities, advise on resource requirements and develop a roadmap for strategic execution.
Manage resources and lead the execution of strategic initiatives to deliver on business and financial goals.
Measure the effectiveness of the risk governance system and framework; recommend changes as required.
Act as a contact for internal/external stakeholder relationships, which may include regulators.
Ensure alignment between stakeholders.
Design regular and ad-hoc reports, and dashboards.
Define business requirements for analytics & reporting to ensure data insights inform business decision making.
Assess and adapt existing operational programs; develop new capabilities to ensure ongoing success.
Lead and integrate the monitoring, measurement & reporting on the status of the operational risk governance program to internal & external stakeholders.
Provide input into the planning and implementation of ongoing operational programs in support of the operational risk framework.
Lead/participate in the design, implementation and management of core business/group processes.
Administer and maintain operational risk program activities in adherence to all policies, procedures and established processes.
Identify potential risk situations/ impacts, and make recommendations or escalate to the manager, as per guidelines.
Develop and maintain in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
Build effective relationships with internal/external stakeholders e.g. business stakeholders, Senior Operational Risk officers, Risk Specialty Areas (RSAs) in providing ‘second line of defense’ operational risk management support.
Analyze data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.
Influence how teams/groups work together.
Apply expertise and think creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.
Communicate abstract concepts in simple terms.
Foster strong internal and external networks and work with and across multiple teams to achieve business objectives.
Anticipate trends and respond by implementing appropriate changes.
Broader work or accountabilities may be assigned as needed.