Senior Manager, US Operational Non Financial Risk Governance

BMO • Chicago, IL

114d • $102,000 - $190,000

About The Position

The Senior Manager, US Operational Non Financial Risk Governance provides oversight, monitoring, and reporting on operational risks for a designated portfolio. This role develops and monitors the operational management framework that includes the governance framework and practices leveraged across BMO to manage operational risks. The position involves providing policies and standards, methodologies, and controls that increase transparency, accuracy, and consistency across groups. The Senior Manager works with stakeholders to implement the methodology, metrics, and program standards for the assigned portfolio to ensure compliance as well as effective monitoring, timely reporting, and identification of action plans. This role also provides strategic input into business decisions as a trusted advisor, making recommendations to senior leaders on strategy and new initiatives based on an in-depth understanding of the business/group. The Senior Manager acts as a subject matter expert on relevant regulations and policies, networks with industry contacts to gain competitive insights and best practices, and interprets new regulations to assess impacts on the governance framework. Additionally, the role involves developing reports on the status of the governance program or framework components to various internal and external stakeholder audiences, influencing and negotiating to achieve business objectives, and identifying emerging issues and trends to inform decision-making.

Requirements

• Typically 7+ years of relevant experience and post-secondary degree in related field.
• In-depth knowledge of operational risk management practices.
• Expert knowledge of regulatory requirements and quantitative techniques.
• Experience with risk policy frameworks and quality control/testing frameworks.
• Strong verbal and written communication skills.
• Analytical and problem-solving skills.
• Influence and collaboration skills with a focus on cross-group collaboration.
• Ability to manage ambiguity and make data-driven decisions.

Responsibilities

• Provides oversight, monitoring, and reporting on operational risks for a designated portfolio.
• Develops and monitors the operational management framework including governance framework & practices.
• Provides policies & standards, methodologies, and controls for operational risk management.
• Works with stakeholders to implement methodology, metrics, and program standards.
• Acts as a trusted advisor to senior leaders on strategy and new initiatives.
• Interprets new regulations and assesses impacts to the governance framework.
• Develops reports on the status of the governance program for stakeholders.
• Leads the execution of strategic initiatives to deliver on business and financial goals.
• Measures the effectiveness of the risk governance system and framework.
• Conducts independent analysis and assessment to resolve strategic issues.
• Leads the development and maintenance of the governance system and framework.
• Represents the model validation program for internal/external regulatory audits.
• Designs and produces regular and ad-hoc reports and dashboards.
• Leads change management programs including planning and stakeholder management.
• Manages the review and sign-off process for relevant regulatory reporting.
• Builds effective relationships with internal/external stakeholders.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree