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Job Information

BMO Financial Group Associate, Non-Financial Risk (NFR) Governance in New York, New York

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

Role:

Assist in the execution of Capital Markets Operational Risk and Resilience strategy, risk and control, governance, and regulatory initiatives through the following responsibilities:

  • Planning and executing short and long-term initiatives and ad hoc deliverables within given timelines

  • Methodically solving problems across a continuum that ranges from simple day-to-day issues to highly complex business, technical or regulatory issues.

  • Build an understanding of end-to-end processes in support of CM operational excellence and resilience. This includes ensuring key processes and controls are identified, inventoried, mapped, and assessed for operational risk and resilience end-to-end across Capital Markets.

  • Documenting new or existing processes and improving existing processes.

  • Support development and execution of strategic initiatives in collaboration with internal stakeholders

  • Assists with the maintenance, monitoring, measurement & reporting on the status of the operational risk governance program and key risk indicators to internal & external stakeholders

  • Writing business communications that clearly and appropriately convey the target message.

  • Building positive relationships within GM, I&CB and across Corporate Support Areas in order to garner support, advice and partnership that enables execution of the role.

  • Work cross-functionally to understand business processes and how to better optimize workflows for reporting and analytics

  • Coordinate, attend, facilitate meetings for process walk-throughs

  • Prepare project surveys for review: identify pain points, current time spend, estimated time save with future processes

  • Review and organize documentation (reporting processes)

  • Map out process workflows

  • Extract, load, and transform data for reporting and ad-hoc analyses under tight timelines

  • Learn and utilize the various available efficiency tools available to streamline and automate processes where applicable and create capacity

  • Assist in maintaining and enhancing a holistic view of CM's 1st Line Non-Financial Risk profile to enable the business to see a targeted view of their key non-financial risks

  • Bring together the Owners of the risk areas to address risks in a timely and effective manner

  • Protect the firm from non-financial risks with robust risk governance including appropriate escalation processes

  • Continue to grow and enhance the business’ inventory of 1st Line KRIs (key risk indicators) by working with stakeholders in various risk areas to identify and fill reporting metric gaps

  • Facilitate stakeholder reviews of Enterprise policies and procedures, ensuring the appropriate individuals have been included. Build and grow 1st Line governing documentation inventory in alignment with Enterprise guidance to enhance 1st Line accountability.

  • Creation of materials for various risk committees and executive audiences

  • Coordinate and monitor the review and sign-off of attestations and reporting Ongoing self-study about GM, Capital Markets, emerging regulatory and industry issues, BMO business priorities, and best practices.

** Note: this role is within the Capital Markets business, in the Office of the Chief Operating Officer. The business operates at a quick pace with very high quality and expectations; as such the role requires the same pace coupled with high quality execution of deliverables.

The role will have high exposure within the business and can lead to attractive future opportunities for a candidate who performs well in this role.

Qualifications

The ideal candidate will have the following attributes:

Skills

  • Detail oriented, ability to self-monitor/check

  • Experience executing work independently, accountability and ownership of tasks and processes

  • Proactive in work and responsibility

  • Refined critical thinking skills, with an ability to independently recognize problems, propose solutions and execute on them

  • Experience in data, data analysis and related infrastructure

​Ability to:

  • Recognize problems, propose solutions and execute on them; quick learner

  • Create/execute a detailed plan for short and long term work; multiple plans consecutively

  • Ensure that key insights are supported by accurate data and research

  • Investigate opportunities for increasing efficiency in their regular responsibilities and projects and their value add to the business, including cost/benefit

  • Adapt and quickly develop in-depth understanding of new/different initiatives, requirements, or roles

  • Smoothly lead calls and meetings

  • See connections between distinct pieces of work and the bigger picture, ability to consider cross impacts

  • Plan, lead, and execute long term work efforts in a high quality and timely manner

Personal Attributes

  • Service oriented, team player

  • Confident, leader

  • Methodical approach, analytics

  • Problem solver, decision maker, proposes solutions

  • Motivated, self-directed

  • Strong verbal, written and interpersonal communication

  • Calm under pressure, ability to execute while manage competing priorities

  • Humble, ability to laugh at self

  • Anticipate needs and requests

Knowledge

  • Undergraduate degree

  • 2-6 years work experience

  • 1-2 years quantitative analytic experience

  • Understanding of intent and purpose of team

  • Intermediate to advanced Office Suite proficiency

  • Intermediate knowledge of Capital Markets LOBs, products and infrastructure requirements (e.g., people, systems, relationships x-product/LOB)

  • Intermediate knowledge of the financial services industry

  • BMO organization, including CSAs that interact with Capital Markets

  • Knowledge of the various risks and controls associated with Capital Markets’ business activities

Salary:

$61,600.00 - $114,400.00

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

About Us

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 proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

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.

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