Director, Wealth Data Governance

BMO•Toronto, ON

1d•CA$121,600 - CA$211,800•Onsite

About The Position

The Director, Wealth Data Governance is accountable for leading the Wealth Management Data Governance function and defining and executing a strategy aligned to Wealth CDAO priorities and the Enterprise Risk Framework. Accountable for the overall Wealth data risk posture and governance maturity, the role operates within a federated Data Owner operating model, thus requiring an understanding of data stewardship vs accountability across the Wealth lines of business. The Director ensures a risk-based, proportionate approach to data governance, data usage, and data risk management, especially when applied to analytics output, and positions data as a strategic asset through robust governance, data quality, and risk practices that support business objectives, regulatory compliance, and customer outcomes.

Requirements

10+ years’ experience in financial services, data governance, data management, or risk management
Demonstrated experience implementing enterprise data governance and data risk frameworks
Post secondary education or equivalent experience.
Strategy & Business Acumen (Expert)
Risk Management & Control Effectiveness (Expert)
Data Governance & Data Management (Expert)
Stakeholder Influence & Communication (Expert)
People Leadership & Talent Development (In-depth)
Data governance frameworks, metadata management, data lineage, and data quality management
Experience with data management tools (e.g., Informatica, Alation, Manta) and a comfort with the application of AI to data management
Strong data-driven decision-making capability
Take 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.

Responsibilities

Define and execute the Wealth Data Governance strategy aligned with Enterprise objectives and regulatory expectations
Align governance priorities to Wealth CDAO strategy and business goals
Lead the evolution of governance scope to incorporate emerging data risk domains (e.g., analytics, data usage, data management for AI )
Own and oversee data risk management practices in alignment with the Enterprise Risk Framework and ONFRMF requirements
Establish and maintain a robust control environment governing data risk and appropriate data usage, taking a risk-based and proportionate approach
Deliver aggregated data risk reporting to support senior management and risk committee oversight
Establish and maintain Wealth-specific data governance frameworks, standards, and processes
Ensure alignment with Enterprise data policies and consistent adoption across Wealth businesses (Private Wealth Canada, Insurance, InvestorLine, Asset Management, Burgundy, Data Foundation)
Drive integration of governance practices into business processes and decision-making
Define and oversee data quality management and control practices to ensure data is fit for purpose across critical use cases
Establish control frameworks that provide assurance over data accuracy, integrity, and lineage
Ensure data supports accurate financial and regulatory reporting, sound decision-making, and positive customer outcomes
Partner with senior business and functional leaders to embed data management practices across Wealth
Act as a trusted advisor on data governance, risk, and regulatory matters
Drive alignment across federated data owners and stakeholders
Build and lead a high-performing, accountable team
Foster a culture of continuous improvement, innovation (including using AI), and strong risk discipline
Develop team capabilities (technical and soft skills) to support evolving governance and data risk requirements