VP, Risk Portfolio Control

BMO•Toronto, ON

About The Position

VP, Risk Portfolio Control sits within Capital Markets and is responsible for the production, analysis, and communication of risk metrics, dashboards, and management reporting. The role supports business management in monitoring adherence to the Risk Appetite Statement, identifying emerging risks, and driving timely management actions. This role acts as a key interface between the business, 2nd Line Risk, and governance forums, ensuring risk information is accurate, timely, decision‑useful, and aligned to regulatory and internal expectations.

Requirements

Undergraduate degree in Business Administration, Risk Management, Economics, Finance and/or relevant background.
Minimum 5+ years of experience in banking or financial services, including exposure to 1st line internal control, in-business risk management, governance, and/or 2nd line risk subject matter roles
Expertise in one or more risk and control areas, including but not limited to: Non-Financial Risk, Market Risk, Credit Risk
Demonstrated understanding of Capital Markets Front Office products, services, and end-to-end business processes
Excellent communication, collaboration, and relationship management skills across technical and non-technical stakeholders
Knowledge of risk management, audit, compliance, and governance practices.
Knowledge of business and regulatory environment and related risk trends.
Strong planning, prioritization, and organizational skills.
Analytical and problem‑solving skills

Responsibilities

Develop, maintain and articulate the Capital Markets risk profile
Synthesize inputs across risk appetite metrics, KRIs, incidents, issues, control assessments, and emerging risks into a coherent risk view
Ensure the risk profile reflects both current‑state exposure and forward‑looking risks
Perform trend analysis and provide clear narrative and insights, not just data
Monitor and report on risk appetite metrics, KRIs, and early‑warning indicators
Ensure consistency of metrics with approved risk appetite statements and limits
Develop clear, executive‑level narrative explaining: Why risks exist, What is driving changes, What management is doing about them
Translate complex data into decision‑useful insights for senior management and committees
Prepare risk profile materials for management committees and governance forums
Support senior management in articulating the 1LoD view of risk during committee discussions
Respond to challenge from 2nd Line Risk by providing evidence‑based rationale
Support risk escalation processes, including identification of breaches and emerging risks
Prepare materials for management committees (e.g., RMC, business management forums)
Track issues, action plans, and remediation progress tied to reported risks
Ensure escalation thresholds and timelines are adhered to
Partner with business leaders to understand risk drivers and data inputs
Coordinate with 2nd Line Risk and Compliance to ensure alignment and effective challenge
Respond to ad‑hoc requests from senior management related to risk reporting
Maintain strong data governance and control discipline over risk reporting inputs
Identify and remediate data quality issues
Support audits, reviews, and regulatory inquiries related to risk reporting
Identify and assess emerging risks, including impacts from: Business changes, New products or initiatives, Regulatory developments
Ensure emerging risks are appropriately reflected in reporting and escalation
Enhance dashboards and reporting to improve clarity, usability, and forward‑looking insight
Contribute to the evolution of risk metrics, thresholds, and reporting standards
Leverage automation and visualization tools where appropriate