BMO Financial Group Senior Manager, Operational Non-Financial Risk, Methodology in Chicago, Illinois
Develops and maintains an effective ONFR methodology memorialized in policy framework documents that defines the ways and methods the internal control framework is implemented, managed, and monitored. The framework includes policies, standard, directives, and handbooks and provides programs, practices and measures to promote transparency, accuracy, and consistency across groups. Applies specialized knowledge of risk management, regulatory compliance, policy management, and internal controls. This position reports to the Head of Methodology, ONFR.
Leads the development and maintenance of the internal controls framework and methodology policy framework documents for ONFR.
Responsible for ONFR policy framework documents and their content, including consistency and alignment.
Acts as a subject matter expert on relevant regulations and policies.
Interprets new regulations and assesses impacts to the internal controls framework/program.
Develops reports on the status of the framework components to various stakeholder audiences.
Executes operational programs; assesses and adapts as needed to ensure quality of execution.
Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/regulatory directives and guidance.
Supports the development of the communication strategy focusing on positively influencing or changing behaviour.
Supports change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Documents the internal control governance system, processes and framework to describe compliance requirements, activities, processes, roles & responsibilities.
Provides strategic input into business decisions as a trusted advisor.
Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
Ensures alignment between values and behaviour that fosters diversity and inclusion.
Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
May network with industry contacts to gain competitive insights and best practices.
Influences and negotiates to achieve business objectives.
Identifies emerging issues and trends to inform decision-making.
Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
Measures the effectiveness of risk governance system and framework; recommends changes as required.
Conducts independent analysis and assessment to resolve strategic issues.
Acts as the prime subject matter expert for stakeholders.
Designs and produces regular and ad-hoc reports, and dashboards.
Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
Manages the review and sign-off process for relevant regulatory reporting.
Leads and integrates the monitoring, measurement & reporting on the status of the internal controls governance framework/program to stakeholders.
Supports the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
May provide specialized support for other internal and external regulatory requirements.
Provides input into the planning and implementation of ongoing operational programs in support of the model validation/risk framework.
Leads in the design, implementation and management of core business/group processes.
Develops governance and control-related solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
Provides advice and guidance to assigned business/group on the implementation of the control framework, including effective challenge.
May review processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls.
Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary.
Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures; management of review/updates to policies, etc.
Consults with stakeholders to improve consistency and transparency of control measurement/metrics and reporting.
Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.
Builds effective relationships with stakeholders.
Ensures alignment between stakeholders.
Analyzes data and information to provide insights and recommendations.
Develops tools, checklists and communications to address gaps, issues and new requirements.
Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Implements changes in response to shifting trends.
May build interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
May monitor and tracks performance; addresses any issues.
May attract, retain, and enable the career development of top talent.
May improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
May manage resources and leads the execution of strategic initiatives to deliver on business and financial goals.
Broader work or accountabilities may be assigned as needed. Qualifications:
Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Experience in risk management framework/methodology, audit, compliance, and/or governance, with experience managing policy framework documents is preferred.
In-depth knowledge of business and regulatory environment.
In-depth/expert knowledge & experience with risk policy frameworks; quality control/testing frameworks. e.g. SOX 404, COBIT and COSO frameworks.
Seasoned professional with a combination of education, experience and industry knowledge.
Verbal & written communication skills - In-depth / Expert.
Analytical and problem solving skills - In-depth / Expert.
Influence skills - In-depth / Expert.
Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
Able to manage ambiguity - In-depth / Expert.
Data driven decision making - In-depth / Expert.
Compensation and Benefits:
$100,000.00 - $142,750.00
The base salary represents BMO Financial Group’s hiring range for this position. Actual salaries will vary and will be based on various factors, such as location, skills, experience, and qualification for the role. Salaries for part-time roles will be pro-rated based on number of hours regularly worked.
Base salary is one component of BMO Financial Group’s total compensation package for employees, which may include performance-based incentives, commissions or discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: www.bmousbenefits.com .
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At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at https://jobs.bmo.com/us/en
BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
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