VP, Operational Risk & Resilience, Control Testing Manager

Application Deadline:

02/27/2025

Address:

151 W 42nd Street

Job Family Group:

Business Management

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

The VP, Operational Risk & Resilience, Control Testing Manager is part of the Office of the Chief Operating Officer (OCCO) Operational Risk and Resilience (ORR) team within the Capital Markets Operational Risk and Resilience (CM ORR) group. As part of the Capital Markets Office of the Chief Operating Officer (CM OCOO), the CM ORR unit operates at a quick pace with exceptional quality and high expectations as such the role requires the same pace coupled with high quality execution of deliverables.

The VP is expected to provide expertise, support, and resource to drive the new CM Monitoring and Testing (M&T) Framework with a focus on implementation of the control testing risk plans, allocation of resources, management and tracking of assigned testing, and reporting of progress. The role requires the VP to interact directly with stakeholders both internal and external to the ORR team including senior executives to methodically resolve simple and complex challenges. This role will require the management of control testing contractors and the continual allocation of their work. The candidate will report into the Director, Operational Risk & Resilience, Capital Markets to drive the CM Monitoring and Testing mandate.

Key Roles & Responsibilities

CM Monitoring and Testing Framework – Take an active lead role in the implementation of the CM M&T Framework. The objective is to manage the team to deliver timely results. The M&T Framework will mitigate key risks resulting from inadequate internal process, people, and system controls.

Control Testing: Lead the effort to assign and implement the testing of key controls across all of the CM Process, Risk, and Control (PRC) libraries and log all testing related issues in GRCE in a timely manner.

Control Tracking: Compile the status/results of the control testing team and communicate obstacles impeding progress.

Management Reporting: Deliver timely reporting of metrics including but not limited to completion and status across each risk plan and holistically.

People Management: Ensure resources are adequately utilized; troubleshoot issues regarding their ability to conduct timely testing; utilize an agile approach allowing resources to pivot as needed based on skills and capacity.

Communication: Communicate effectively and often as transparency will help drive progress and solutions to anticipated roadblocks.

Operational Risk – A secondary function will be to support the Operational Risk framework and program requirements for OCOO to mitigate risk of loss resulting from inadequate internal process, people, and system controls.

Process Risk & Control Library: Support the trigger update of OCOO PRC Libraries to ensure accuracy and completeness.

Operational Risk Assessment: Support the annual Product/Service, Process Risk Assessment (PSPRA) for OCOO.

Targeted Process and Control Review (TPCR): Support process improvement to prevent Operational Risk Events (ORE) or issues by identifying vulnerabilities, enhancing key controls, and creating efficiency opportunities via TPCR.

Operational Risk Issue Management:  Log any OCOO Issues in GRCE in a timely and effective manner.

Projects and initiatives: Support any short/long-term Operational Risk projects and initiatives (i.e., Regulatory/Audit Remediation) that that impacts OCOO, as required.

The ideal candidate will have the following attributes:

Skills:

• Excellent organizational skills with ability to create/execute a detailed plan for short- and long-term work.
• Build positive stakeholder relationships within Capital Markets and across Corporate Support Areas to garner support, advice and partnership that enables execution of the role.
• Communicate effectively (verbal and written) at all levels of the organization, including the most senior executives, including drafting communications and running calls and meeting. Ability to represent Capital Markets at senior industry discussions, with regulators and internal & external auditors.
• Proactive in work and responsibility. Ongoing self-study about Capital Markets,