Lead - Compliance, Audit & Risk (ARC)

BMO•Toronto, ON

1d•CA$86,000 - CA$160,000•Onsite

About The Position

Supports a state-of-the-art, sustainable, defensible operating environment anchored to key risk-governance and regulatory expectations; grow ARC’s culture of proactive, practical risk management; and insulate and defend ARC against the impacts of external scrutiny through a multi-disciplined approach to capturing and sharing knowledge, understanding and mitigating risk, and navigating audits and exams. Supports the business/group leader in the effective implementation, maintenance and administration of first line of defense (1st LOD) programs, including overseeing business operations within the jurisdiction to ensure adherence and efficiency. Contributes to a strong risk management culture through collaboration with other first line employees, and second & third line functions to ensure operational risks are identified, mitigated, monitored and reported on an ongoing basis. Makes recommendations to senior leaders on risk-management across ARC and advise leaders on emerging risks to evolve leadership thinking and promote proactive, risk-conscious decision-making Capitalize on strategic, proactive partnerships across ARC / Enterprise to drive practical best-in-class risk-management practices Engrain foundational Knowledge-Management practices across the business to support a scalable, sustainable operating environment and support proactive regulatory readiness Support a sustainable, defensible operating environment by leading the control & evidence backbone for ARC, partnering across ARC and 1B/2LOD partners to develop strong controls and maintain the control library, supporting artifacts, and exam‑ready repositories Partnering across ARC to establish and drive sustainable evidence-management practices that support stronger departmental operating effectiveness and proactivity in ARC’s risk-management ecosystem Coordinating with Audit & Test management to integrate evidence repositories with engagement-management tooling Identifying and communicating control-adoption/development expectations and partnering with control owners to develop strong controls Maintaining the ARC Process Risk Controls library and driving PRC-related programs to be executed with a specific cadence. Lead ARC’s risk and compliance programs including supporting data & analytics risk framework development, enterprise standard & policy development, KRI development and reporting, and ongoing alignment with policy and regulatory changes. Partnering across ARC and the Enterprise to strengthen risk-management and compliance activities, KRI development and reporting, process/procedure documentation, risk assessments, etc. Scanning the environment for Data and Analytics regulatory changes and advising on impacts to D&A programs. Promoting, and supporting issue self-identification, and leading end-to-end administration of self-identified and compliance issues Lead ARC’s integrated audit, testing, and regulatory execution program, orchestrating engagement readiness, and coordinating with Control & Evidence Management to integrate engagement-management tooling with available evidence archives. Advising teams and senior leaders on appropriate engagement and issue responses, including action-plan development Driving enhancements to ARC’s audit library and engagement-management tooling to support streamlined engagements, consistent responses, and capture lessons learned Leading advisory and end-to-end administration of engagement-identified issues Broader work or accountabilities may be assigned as needed.

Requirements

Bachelor Degree in a relevant discipline and relevant certification in the Risk /Compliance domain
7-10 years of relevant experience in Risk & Compliance roles, within a large enterprise and heavily regulated industry
Experience executing 1LOD risk management responsibilities
Experience across Risk, Audit Compliance driven by all three lines of defense
Experience in Audit and Testing, Issue remediation, Monitoring and Reporting, policy changes
Recent focus on 1B and 2 LOD (review and challenge policy changes), drive execution of key risk and compliance programs (risk assessments, business continuity, operational resilience, stress test, SOX attestations)
Experience developing controls and standard operating procedures, validating supporting control evidence
Exposure to Operational Non-Financial Risk, Model Risk Management, T&O Risk
Excellent knowledge of the Regulatory landscape specific to Financial Industry

Responsibilities

Grow ARC’s culture of proactive, practical risk management.
Support the business/group leader in the effective implementation, maintenance and administration of first line of defense (1st LOD) programs.
Contribute to a strong risk management culture through collaboration with other first line employees, and second & third line functions.
Make recommendations to senior leaders on risk-management across ARC and advise leaders on emerging risks.
Capitalize on strategic, proactive partnerships across ARC / Enterprise to drive practical best-in-class risk-management practices.
Engrain foundational Knowledge-Management practices across the business.
Support a sustainable, defensible operating environment by leading the control & evidence backbone for ARC.
Partner across ARC to establish and drive sustainable evidence-management practices.
Coordinate with Audit & Test management to integrate evidence repositories with engagement-management tooling.
Identify and communicate control-adoption/development expectations and partner with control owners to develop strong controls.
Maintain the ARC Process Risk Controls library and drive PRC-related programs.
Lead ARC’s risk and compliance programs including supporting data & analytics risk framework development, enterprise standard & policy development, KRI development and reporting, and ongoing alignment with policy and regulatory changes.
Partner across ARC and the Enterprise to strengthen risk-management and compliance activities, KRI development and reporting, process/procedure documentation, risk assessments, etc.
Scan the environment for Data and Analytics regulatory changes and advise on impacts to D&A programs.
Promote, and support issue self-identification, and lead end-to-end administration of self-identified and compliance issues.
Lead ARC’s integrated audit, testing, and regulatory execution program, orchestrating engagement readiness, and coordinating with Control & Evidence Management to integrate engagement-management tooling with available evidence archives.
Advise teams and senior leaders on appropriate engagement and issue responses, including action-plan development.
Drive enhancements to ARC’s audit library and engagement-management tooling to support streamlined engagements, consistent responses, and capture lessons learned.
Lead advisory and end-to-end administration of engagement-identified issues.