Project Manager, Third Party Risk Management

BMO•Toronto, ON

About The Position

The Global Third-Party Risk Management (GTPRM) team is responsible for proactively identifying, assessing, monitoring, and mitigating risks associated with third‑party relationships across the enterprise. Operating as a first line of defense, the team works with stakeholders within each Line of Business (LOB), Risk Areas and Procurement, to ensure effective third‑party risk governance. As a key member of the GTPRM team, the Third-Party Risk Management Project Manager is responsible for the execution of a multi‑year Third Party Risk Management (TPRM) transformation roadmap designed to strengthen enterprise‑wide risk governance, regulatory alignment, and operational efficiency. The Project Manager will drive delivery of a complex portfolio of initiatives spanning operating model improvements, process standardization, data and reporting capabilities, and the implementation of enterprise‑wide TPRM technology solutions. Success in this role requires strong execution discipline, the ability to operate effectively in a highly regulated environment, and experience leading cross‑functional initiatives with senior stakeholder visibility. The Project Manager will ensure delivery outcomes are fully embedded through effective governance, change management, and performance measurement, enabling durable adoption across the organization.

Requirements

Typically 7+ years of relevant experience and/or certification in related field of study or an equivalent combination of education and experience.
Project management experience – 7+ years.
Entrepreneurial skills – In-depth.
Judgement skills – In-depth.
Learning agility – In-depth.
Stakeholder management – Expert.
Able to navigates challenging situations effectively.
Able to apply project management methodologies or approaches.
Able to manage project and business risks, including project interdependencies.
Able to resolve project issues effectively.
Seasoned professional with a combination of education, experience and industry knowledge.
Verbal & written communication skills - Expert.
Analytical and problem solving skills - In-depth / Expert.
Influence skills - Expert.
Collaboration & team skills; with a focus on cross-group collaboration - Expert.
Able to manage ambiguity.
Data driven decision making - In-depth / Expert.

Nice To Haves

Valid PMP designation from the Project Management Institute (PMI) is an asset.

Responsibilities

Provides strategic input into business decisions as a trusted advisor.
May network with industry contacts to gain competitive insights and best practices.
Influences and negotiates to achieve business objectives.
Assists in the development of strategic plans.
Identifies emerging issues and trends to inform decision-making.
Helps determine business priorities and best sequence for execution of business/group strategy.
Conducts independent analysis and assessment to resolve strategic issues.
Acts as the prime subject matter expert for internal/external stakeholders.
Manages/validates financial forecasts and conducts ongoing reconciliation.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Monitors and tracks performance, and addresses any issues.
Designs and produces regular and ad-hoc reports, and dashboards.
Socializes change management plans with stakeholders and consistently measures project effectiveness and adoption.
Directs complex initiatives typically involving multiple business units.
Exercises direct accountability for projects with up to 50 team members
Negotiates complex contracts with external vendors (in consultation with Strategic Sourcing) to ensure receipt of specific resources and materials
Takes ownership of the project from cradle to grave and ensures all project artifacts are completed.
Manages overall project budget.
Provides guidance to the project sponsor on the implementation and sustainment of projects, resulting in successful project outcomes.
Manages all aspects of the project lifecycle, including business, operational and technology deliverables.
Ensures all project processes are completed.
Ensures change management plans are developed, socialized and consistently measured to deliver the expected project benefits and adoption.
Executes project requirements in governance frameworks focused on risk appetite, regulatory and compliance standards.
Develops all related project management artifacts, while complying with applicable enterprise standards
Monitors and controls project deliverables.
Makes recommendations and adjustments to the overall project plan to achieve deliverables,
Provides project sponsor with advice on the viability of the business case (costs, benefits, KPIs, etc.) throughout the project.
Understands project interdependencies and demonstrates critical thinking that proactively identifies project risks and establishes effective risk mitigation from the outset.
Demonstrates stakeholder partnership that involves effective communicating with the project sponsor and senior leaders; gains and builds trust and rapport.
Demonstrates ownership and commitment by holding themselves accountable for the identification and resolution of project problems.
Leads and/or represents the project in project team meetings, governance forums and inter-department forums.
Adheres to Bank risk, regulatory and compliance controls.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Implements changes in response to shifting trends.
Broader work or accountabilities may be assigned as needed.
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.