Manager, Audit & Regulatory Interactions

BMO•Chicago, IL

23h•Onsite

About The Position

This role is heavily focused on management of T&O audits and regulatory exams and will collaborate with all three lines of defense across T&O (Enterprise/Canada, U.S., and International jurisdictions) to provide support and guidance both internal and external audits and on exams. This will involve leading pre-readiness/debrief sessions, performing deep dive reviews and providing ongoing constructive feedback/challenge regarding materials documents to be submitted to the audit teams and the regulators to ensure accurate, consistent, and high quality materials are delivered for final exam and audit submissions. Other tasks associated with this role include managing audit and exam calendars, providing centralized executive and governance level insights reporting, participating in knowledge sharing exercises, and aligning interaction activities with testing and readiness assessments. The role assists the Audit & Regulatory Interactions (ARI) team and the broader corporate risk functions in executing against a defined interaction model related to T&O audits, exams, remediation and retest activities. It oversees and reviews pre-audit and pre-exam activities such as the coordination of documentation, completion of information asks and coordination of audit and exam preparation meetings. It facilitates gathering of regulatory and audit deliverables, leads internal efforts to compile required documentation, and provides ongoing updates/status of exams and audits to key stakeholders. The manager also facilitates meetings with auditee teams, assists in data analytics and reviewing draft management responses, reviews results of audits and exams, prepares and provides updates to applicable reporting, continuously works to establish a culture of understanding regulatory and audit expectations, and looks for process enhancements. The role serves as first level support to the FCU 1A teams as it relates to audit and regulatory engagements and assists on supplemental projects.

Requirements

Possesses a university degree/college diploma in related discipline(s) or equivalent work experience
5-7 years experience in Regulatory Compliance, Audit and/or Risk Management
Experience leading or assisting with audits.
Experience assisting with audit remediation activities.
Solid knowledge of BMO and the banking industry’s risk types.
Solid knowledge of the BMO’s policies and procedures in relation to internal controls, risk and compliance.
Solid understanding of BMO’s legal and managerial organizational structure and regulatory implications.
Proficient knowledge and experience with Microsoft Office, including Outlook, Word, PowerPoint, Excel, Teams, Co-Pilot Chat as well as maintenance of Spotfire reporting.
In-depth written and verbal communication skills.
In-depth decision and risk analysis skills.
Attention to detail and critical thinking skills.
Solid relationship management and leadership skills.
Ability to influence and create a sense of urgency as required.
Highly developed meeting facilitation, presentation, and negotiation skills.
Team player who is self-motivated and goal oriented.
Ability to develop, implement and manage change.

Nice To Haves

Solid knowledge of Cyber Security / Technology capabilities and controls a plus.
Cyber/Technology, audit, risk, compliance related certifications a plus.

Responsibilities

Assists the Audit & Regulatory Interactions (ARI) team and the broader corporate risk functions in executing against a defined interaction model related to T&O audits, exams, remediation and retest activities.
Oversees and reviews pre-audit and pre-exam activities such as the coordination of documentation, completion of information asks and coordination of audit and exam preparation meetings.
Facilitates gathering of regulatory and audit deliverables.
Leads internal efforts, including recommendations and follow-ups to compile required documentation to support examiner and audit meetings.
Provides Director, ARI supporting the Financial Crimes Unit (FCU) and other key stakeholders with ongoing updates/status of exams and audits, including any issues.
Facilitates meetings with the auditee teams and assists in data analytics and reviewing draft management responses for regulatory and audit findings, as necessary.
Reviews results of audits and exams, tracking any noted themes and trends that can be applied across T&O.
Prepares and provides updates, as required, to applicable reporting that feeds into steering committees, Corporate Audit, external auditors, regulators, Corporate Support Areas and risk management committees/forums.
Continuously works to establish a culture of understanding the purpose behind regulatory and audit directed decisions and expectations.
Continuously looks for process enhancements/streamlining opportunities both internally to ARI and across the audit and exam lifecycle in support of our 1A partners.
Serve as first level support to the FCU 1A teams as it relates to audit and regulatory engagements.
Assists on supplemental projects and activities as needed (e.g. creation of internal audit and exam playbooks and templates).
Provides specialized consulting, analytical and technical support.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently and regularly handles non-routine situations.
Broader work or accountabilities may be assigned as needed.