Senior Manager, Wealth Management Governance & Risk Programs Wealth Management Governance & Controls

BMO•Toronto, ON

7d•Onsite

About The Position

The Senior Manager, Wealth Management Governance & Risk Programs is a first line of defence (1LOD) role accountable for leading and embedding the Risk Identification, Stress Testing and Financial Risk programs within Wealth Management. The role owns the execution, quality, and business integration of Risk ID and Stress Testing activities, and is accountable for leading the Financial Risk program, ensuring outputs support decision making and inform Risk Appetite, strategy, capital considerations, and governance for Wealth Management. The role also ensures that financial and non‑financial risks are identified, assessed, mitigated, monitored, and reported as part of day‑to‑day operations and decision‑making, within BMO’s and Wealth Management’ approved Risk Appetite.

Requirements

7–10+ years of experience in first‑line financial, operational, or business risk management within Wealth Management or Financial Services
Strong understanding of Wealth products, client lifecycle risks, and regulatory expectations
Strong understanding of Financial Risk, Risk Identification, Stress Testing and Risk Appetite
Demonstrated experience owning business‑led risk remediation and change initiatives
Proven ability to influence senior stakeholders and translate complexity into actionable outcomes.

Responsibilities

Lead Wealth Management’s execution of the Risk Identification lifecycle, assessment, documentation and reporting
Own Wealth’s material and emerging risk inventory in alignment with the enterprise Risk Taxonomy
Facilitate structured Risk ID sessions with Wealth business leaders and SMEs
Accountable for identifying and managing financial risk exposures (credit, market, liquidity impacts where applicable) in accordance with program requirements
Own and coordinate Wealth Management’s first-line contribution to enterprise, regulatory and business-level stress testing
Lead, coordinate and execute risk assessments supporting requests, requirements, initiatives, products, processes
Support issue and event management and oversight from identification through remediation
Ensure controls are designed, implemented, and operating effectively in the business
Advise senior business leaders on relevant risks, impacts, and mitigation options
Prepare and present on Wealth Risk ID, Stress Testing and Financial Risk to support governance forums and reporting
Interpret applicable requirements and translate into practical business controls and processes.
Design, implement, and maintain an effective 1LOD risk program
Act as the primary interface with partners within the business, 2LOD and 3LOD stakeholder among others on relevant matters.