Senior Manager, AI Assurance & Audit

BMO • San Ramon, CA

6d • $100,000 - $220,000 • Hybrid

About The Position

Lead and execute audits focused on Artificial Intelligence, including Generative AI, Large Language Models, and AI-enabled processes. Assess the design and effectiveness of AI governance, Responsible AI frameworks, and risk management practices. Evaluate risks including bias, fairness, explainability, transparency, privacy, model misuse, hallucinations, and regulatory compliance, and validate controls such as human oversight, monitoring, testing, and inventory governance.

Provide independent assurance on AI control environments and oversight processes. Identify emerging AI risks and control gaps, and deliver clear, actionable insights to management and the Board to strengthen governance and mitigate operational, ethical, and reputational risks arising from AI adoption. Serve as a trusted advisor and subject matter expert to business stakeholders and colleagues across Corporate Audit, providing strategic input, big-picture insights, and alignment across stakeholders.

Develop and manage audit plans, resources, and strategic initiatives aligned with business priorities and risks. Lead audit, advisory, and other engagements; ensure work is performed in accordance with Corporate Audit Methodology; maintain audit independence; and communicate fair, balanced, objective, clear, concise, and timely assessments of governance, risk, and control processes. Use data analytics and reporting to inform decision-making and improve engagement quality and efficiency.

Provide leadership and direction to team members, support performance assessments, and develop a highly engaged team with specialized expertise. Work at a group and enterprise-wide level as a specialist resource to senior leaders and stakeholders. The role is hybrid, with three days in the office required in Chicago, Milwaukee, or California. The posted salary range reflects Chicago.

Requirements

• Typically 7+ years of relevant experience and a post-secondary degree in a related field, or an equivalent combination of education and experience.
• Expert-level verbal and written communication skills.
• Expert-level analytical and problem-solving skills.
• Expert-level influence skills.
• Ability to manage ambiguity.
• Expert-level data-driven decision-making skills.
• Professional designation such as CIA, CISA, CPA, or CRISC.
• Seasoned professional with a combination of education and experience.
• Strong understanding of Generative AI, Large Language Models (LLMs), AI Agents, and Retrieval-Augmented Generation (RAG).
• Strong understanding of Responsible AI principles, AI governance operating models, AI oversight frameworks, AI lifecycle management, human oversight controls, and AI monitoring and assurance practices.
• Experience conducting audits, assessments, reviews, or assurance activities related to Generative AI, Responsible AI, AI governance, AI risk management, or AI-enabled business processes.
• Practical understanding of AI risks including bias and fairness, explainability and transparency, hallucinations, privacy and confidentiality, intellectual property risk, AI misuse and abuse, regulatory compliance, and human accountability and oversight.

Nice To Haves

• Financial-services experience is strongly preferred, including exposure to cross-border regulatory environments in Canada and the United States.
• AI-related certifications are strongly preferred, including ISACA Advanced in AI Audit (AAIA), ISACA Artificial Intelligence Fundamentals, GARP Artificial Intelligence Risk & Governance (AIRG), or Artificial Intelligence Governance Professional (AIGP).

Responsibilities

• Lead and execute AI-focused audits covering Generative AI, Large Language Models, and AI-enabled processes.
• Assess AI governance, Responsible AI frameworks, risk management practices, and related control design and effectiveness.
• Evaluate AI risks such as bias, fairness, explainability, transparency, privacy, model misuse, hallucinations, and regulatory compliance; validate human oversight, monitoring, testing, and inventory governance controls.
• Provide independent assurance on AI control environments and oversight processes; identify emerging risks and control gaps and deliver actionable insights to management and the Board.
• Advise business and group stakeholders, evaluate the effects of changing strategies and initiatives, and direct changes to audit scope, nature, extent, and timing as needed.
• Manage resources and lead strategic initiatives to meet business and financial goals; determine priorities and execution sequence and develop business cases, including expected return on investment.
• Act as a subject matter expert for business stakeholders and Corporate Audit colleagues, align stakeholders, and provide leadership and direction to team members.
• Define analytics and reporting requirements so data insights inform business decisions, and use data analytics in advisory engagements to improve quality and efficiency.
• Develop insights and communications that identify revenue and cost management opportunities and support business goals; collaborate across BMO on communications strategies and consistent messaging.
• Develop an annual audit plan aligned with client strategies, tactics, and business and operating risks.
• Hire and onboard team members where appropriate; develop an engaged team with specialized expertise; provide feedback and manage staff performance assessments and recognition.
• Ensure subordinate work is executed to Audit standards, with sound, documented, and repeatable judgments.
• Execute audits considering inherent and control risks and internal, external, and regulatory environments; conduct advisory and other engagements as required.
• Identify and assess the impact of emerging technologies and technology risks on organizational processes and controls; monitor change initiatives and identify potential risks.
• Maintain awareness of business strategies, policies, standards, industry developments, regulatory and economic environments, and the control environment.
• Maintain audit independence and ensure audit procedures comply with Corporate Audit Methodology and quality assurance or regulatory examination expectations.
• Contribute insightful discussion points and fair, balanced audit reports; identify control deficiencies and assess their magnitude.
• Apply sound judgment, maintain open communication and strong stakeholder relationships, and support Corporate Audit change initiatives.
• Maintain and enhance professional audit qualifications in line with industry standards.
• Operate at a group and enterprise-wide level as a specialist resource to senior leaders and stakeholders; address complex, ambiguous, and non-routine situations and implement changes in response to shifting trends.

Benefits

• Health insurance
• Tuition reimbursement
• Accident insurance
• Life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included in the total compensation package
• Other perks and rewards may be included in the total compensation package
• Training, coaching, manager support, and network-building opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Senior