VP, Operational Risk & Resilience, Global Markets

Application Deadline:

06/26/2025

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, Global Markets (GM) is part of the GM Operational Risk and Resilience (GM 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 provides expertise, support and is a resource to drive Non-Financial Risk management and mitigation for GM, with a focus on Operational Risk and BCM Risk. The role requires the VP to interact directly with GM stakeholders, including senior executives, to methodically resolve non-financial risk management challenges across a continuum that ranges from simple day-to-day risks to highly complex business or regulatory issues. This is a people manager role with one direct report (Associate). The candidate will report into the VP, Operational Risk & Resilience, Capital Markets to drive the GM Operational Risk & Resilience mandate.

Key Roles & Responsibilities:

Operational Risk (90%) - Lead the Operational Risk framework and program requirements for GM to mitigate risk of loss resulting from inadequate internal process, people, and system controls.  

• Process Risk & Control Library: Lead the trigger update of GM PRC Libraries to ensure accuracy and completeness.
• Operational Risk Assessment: Perform the annual Product/Service, Process Risk Assessment (PSPRA) for GM business units.
• Key Risk Indicators (KRI):  Champion the development or expansion of business KRIs inventory by working with stakeholder in various risk areas to enhance risk governance.
• Targeted Process and Control Review (TPCR): Drive process improvement to prevent Operational Risk Event (ORE) and Loss by identifying vulnerabilities, enhancing key controls, and creating efficiency opportunities via TPCR.
• Operational Risk Event (ORE) & Issue Management:  Log any GM ORE/Issue in GRCE in a timely and effective manner
• Projects and initiatives: Execute on any short/long-term Operational Risk projects and initiatives (i.e., Regulatory/Audit Remediation) that that impacts GM, as required.

Business Continuity Management (10%) – Support the Business Continuity program for GM to maintain business continuity documentation and facilitate business continuity testing.

• Business Continuity Documentation: Oversee the Business Impact Assessment (BIA), Business Continuity Plan (BCP), and Risk Assessment (RA), documentation updates across all GM business units.
• Quality Assurance: Partner effectively with enterprise Resilience and Integration (R&I) to aid in Quality Assurance (QA) Review process completion.
• Business Continuity Testing: Facilitate Disaster Recovery (D/R), third party/vendor/industry testing, Alternate Work Area, and BCP Walkthrough.
• Projects and initiatives: Execute on any short/long-term BCM projects and initiatives (i.e., Regulatory/Audit Remediation) that impacts GM, as required.

Additional Attributes:

• Excellent organizational skills with the ability to create/execute a detailed plan for short-term 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 drafting communications, running calls and meetings.
• Ability to represent Capital Markets at senior industry discussions, with regulators and internal & external auditors.
• Proactive in work and responsibility. Ongoing self-study related to Capital Markets, emerging regulatory and industry issues, BMO business priorities, and best practices.
• Ability to adapt and quickly develop in-depth understanding of new/different initiatives, requirements or roles.

Education/Experience:

• Undergraduate degree in Business Administration, Risk Management, Economics, Finance and/or relevant background.
• Graduate degree or professional designations in related discipline would be an asset.