Risk Governance Specialist, Wealth Management

Bank of Montreal•Chicago, IL

9d•$74,000 - $138,000

About The Position

The Risk Governance Specialist is a key member of the Wealth Management (WM) Cross Business Risk (CBR) team, responsible for supporting the ongoing integration, execution, and maintenance of 1LOD risk programs under the Enterprise Risk Management Framework. Reporting to the Risk Framework Integration Lead, this role plays a vital part in embedding a strong risk culture within WM by ensuring business processes, products, and services comply with both internal enterprise and external regulatory requirements. This Risk Governance Specialist is accountable for implementing tactical risk management activities, helping to operationalize the Enterprise Risk Management Framework, and ensuring effective risk management across the risk management lifecycle. This candidate will work closely with various business units within Wealth Management, risk partners, and subject matter experts to facilitate cross-functional collaboration, drive continuous improvements in risk processes, and support the organization’s overall risk management objectives while enabling business growth.

Requirements

Minimum 5 years of experience in risk management, preferably supporting 1st Line of Defense functions within a regulated financial institution.
Experience working with or within a bank supervised by the Federal Reserve Board; Category 3 bank is strongly preferred.
Deep understanding of risk management principles, regulatory frameworks and financial services operations
Advanced proficiency in Microsoft Suite products; advanced reporting capabilities including executive and senior management dashboards
Proven ability to analyze complex data and translate findings into actionable insights.
Strong communication and interpersonal skills with the ability to work across multiple teams and stakeholders.
Highly organized with excellent attention to detail and the ability to manage multiple priorities.
Ability to communicate complex risk concepts clearly (written/verbal).
Agility in managing ambiguous or evolving priorities.
Experience supporting risk integration or transformation initiatives.
Ability to work independently and proactively in a fast-paced environment.
Demonstrated commitment to continuous improvement and operational excellence.

Responsibilities

Assist in designing and operationalizing processes to embed enterprise risk requirements under the Enterprise Risk Management Framework into 1LOD Wealth Management operations.
Conduct impact assessments of new regulatory/enterprise mandates on existing processes, identifying gaps and adjustment needs.
Support the operationalization and embedding of new risk governance processes (e.g. Policy, Escalation, and Governance Committees/Forums Management) within business teams.
Help maintain 1LOD program components in compliance with enterprise standards.
Assist in drafting and updating risk policies and guidelines for Wealth Management.
Monitor adherence to enterprise risk standards, policies, and regulatory requirements as it relates to the Enterprise Risk Management Framework
Support the Lead in interpreting new regulations/enterprise requirements and assessing impacts on 1LOD processes.
Collaborate with business units to interpret and apply risk management requirements to daily operations in alignment with the enhanced Enterprise Risk Management Framework.
Provide data-driven insights to inform risk framework adjustments.
Support cross-functional working groups to represent Wealth Management's risk governance posture.
Build effective relationships with internal stakeholders to enable risk-aware decision-making.
Investigate, document, and escalate program risks and issues to the Lead.
Prepare data-driven reports, dashboards, and briefings on risk governance related items for management and governance forums.
Maintain accurate records of risk processes, decisions, and compliance evidence.
Aid in developing training materials to promote a risk-aware culture and compliance.
Manage SharePoint repositories for risk documentation and ensure timely updates.
Support audits/exams by providing required documentation and evidence.
Track project timelines, deliverables, and dependencies to meet deadlines.
Support change management initiatives for new risk processes.
Maintain up-to-date knowledge of relevant regulatory changes and best practices in risk management