Senior Manager- Third Party Risk Management

Application Deadline:

04/06/2025

Address:

320 S Canal Street

Job Family Group:

Procurement

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

Global Third Party Risk Management, BMO's first line of defense for Third Party Risk Management Program, is seeking a professional in risk management with experience and strong skills in supporting corporate and risk governance frameworks and programs, regulatory exams and reviews, audits. The individual will be responsible for exam and audit response management, remediation activities and strategic contributions to strengthen the end to end Third Party Risk Management Program, contributing to a high-performance risk centric culture. Working with other 1st and 2nd line subject matter experts (SMEs), you will be responsible for supporting Third-Party Risk Management Program regulatory requirements, exam/audit engagements and for control testing and monitoring. This is an individual contributor position reporting to the GTPRM Director, Regulatory & Audit Interactions

Key responsibilities:

·       Assist in the maintenance of Third-Party Risk (TPR) Program ensuring alignment to existing and emerging regulatory requirements and guidelines related to Third Party risk in all major BMO operating jurisdictions (Canada, US, UK, Asia). 

·       Support GTPRM and various lines of business units in participation of internal and/or external audit, exams, and reviews, including but not limited to coordinating/facilitating the compilation, consolidation, interpretation, submission of timely and accurate documentation.

·       May serve as point of contact for GTPRM engaging with regulators or regulatory matters, examiners, and auditors.

·       Coordinate timely and accurate responses and activities for ad hoc regulatory and audit matters.

·       Contribute to internal control testing, monitoring, remediation planning and management; may actively engage on control enhancement/remediation activities, ensuring accurate and timely delivery of action plans.

·       Identify potential vulnerabilities and recommend mitigation strategies.

·       Assist in providing regular updates to senior management on the status of the Third-Party risk management program and activities.

·       Assist in the development of strong oversight and controls to ensure GTPRM remains in compliant with all regulatory, audit and 2nd line of defense requirements; may lead and/or support changes as required.

·       Conduct impact assessment of key regulatory changes.

·       Prepare regulatory, board, and committee presentations.

·       Acts as a subject matter expert on relevant Third-Party related regulations and policies.

·       Create and maintain TPRM documentation and procedures in the area of expertise.

·       May conduct assessment and validation of new TPRM Program processes/process improvements.   

·       Identify potential risk situations/impacts and make recommendations or escalate to the senior manager.

·       Liaise with internal and external groups building relationships; may network with industry contacts to gain competitive insights and best practices.

·       Ensures alignment between values and behaviour that fosters diversity and inclusion.

·       Breaks down strategic problems, and analyses data and information to provide program insights and recommendations.

·       Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and