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Are you an analytical thinker with a passion for risk management and risk appetite design? Join our team as a Senior Manager in Risk Appetite Measures, Inventory, and Reporting , and play a crucial role in ensuring our bank’s risk appetite is well articulated through a set of measures that are are comprehensive, forward looking, linked to capital and stress and are accurately and effectively managed.

Key Responsibilities:

• Comprehensive Risk Metrics: Ensure the bank has a comprehensive set of metrics covering all organizational risks.

• Metric Definition and Calibration: Properly define, calibrate, and set thresholds for risk metrics.

• Oversight and Challenge: Provide oversight and effective challenge to teams calculating these measures, ensuring accuracy and compliance.

What We’re Looking For:

• Expertise in Risk Management: Strong understanding of various risks within banks, including credit, market, operational, and financial risks.

• Experience: Proven experience in risk appetite metrics setting and risk management.

• Quantitative Skills: Ability to work with and interpret large data sets; experience with data querying is a plus.

• Communication and Relationship Management: Excellent skills to convey complex quantitative findings and manage relationships to influence change.

• Independence: Ability to work independently and lead activities.

• Strong communication skills to translate complex data into actionable insights.

• Effective relationship management to drive change across the organization.

This position is located in the US and offers a hybrid work arrangement with at least 2 days per week designated for in-office collaboration, while other days remote.

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs

Provides oversight, monitoring and reporting on the identification, assessment, monitoring and control of all categories of risk (Market, Operational, Credit, and Liquidity risks) for a designated portfolio and / or jurisdiction. Develops and maintains the risk management framework that includes the governance framework and practices leveraged across the assigned portfolio to manage all risks taken. Provides policies, standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Executes decision rights within the governance framework and 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.

• 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.

• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.

• Attracts, retains, and enables the career development of top talent.

• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.

• Provides strategic input into business decisions as a trusted advisor.

• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

• Acts as a subject matter expert on relevant regulations and policies.

• May network with industry contacts to gain competitive insights and best practices.

• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.

• Leads the execution of initiatives/programs; assesses and adapts as needed to ensure quality of execution.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.

• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

• Directs the planning & implementation of operational programs for an assigned risk portfolio / strategy and executes within required service level agreements and standards.

• Leads and integrates the monitoring, measurement & reporting on the status of the risk governance program to internal & external stakeholders.

• Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines

• Administers and maintains risk program activities in adherence to all policies, procedures and established processes for risks taken within the Risk Appetite of the Bank.

• Identifies potential risk situations/ impacts and make recommendations or escalates as per decision rights frameworks and guidelines.

• Assists with the interpretation of new or changing regulations and assessing impacts to the risk programs and governance frameworks; recommends and implements solutions based on analysis of issues and implications for the business.

• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.

• Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.

• Initiates and facilitates productive forums, where stakeholders can discuss, debate, and decide on key risk concerns.

• Builds effective relationships with internal/external stakeholders e.g. business stakeholders and Corporate Support Areas (CSAs) in providing ‘second line of defense’ information and risk management support.

• Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.

• Maintains tools and templates for risk programs and standards as required (e.g., Risk Control Self Assessment (RCSA), Sarbanes-Oxley (SOX); business continuity planning standards and policies, etc.)

• Monitors and tracks performance; addresses any issues.

• 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.

• 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.

• In depth / Expert knowledge of risk management, audit, compliance, governance practices.

• In-depth / Expert knowledge of business and regulatory environment and understanding of risk issues / trends and best practices.

• Knowledge of banking products, including credit and non-credit experience, economics and financial markets.

• In-depth / Expert communication and relationship management skills.

• Ability to manage multiple priorities with effective planning and organizing skills.

• 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.

• Data driven decision making - In-depth / Expert.

Salary:

$100,000.00 - $185,500.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, 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: https://jobs.bmo.com/global/en/Total-Rewards

We’re here to help

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.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.