Director and Team Lead, Issues Oversight and Testing

Application Deadline:

06/26/2025

Address:

320 S Canal Street

Job Family Group:

Business Management

As Director, Issues Oversight and Testing, this risk professional will lead risk & control testing, audit oversight, and issues management (including control gap identification and mitigation). The Director helps to drive a control-oriented culture across the line of business through their collaboration and partnership with colleagues in each of the lines of defense. Supports the business/group leader in the effective implementation, maintenance and administration of first line of defense (1st LOD) programs (e.g. control testing, issues management, audit and regulatory exam management, data quality testing, etc.), including overseeing business operations to ensure adherence and efficiency. Contributes to a strong risk management culture through collaboration with other first line employees, and second & third line functions to ensure risks are identified, mitigated, monitored and reported on an ongoing basis.

• Leads the identification, analysis and future mitigation of risk issues and events.
• Implements a highly efficient, consistent and insightful target state Issues Management program for the operating group
• Develops and implements a highly efficient, consistent and insightful target state Process, Risk, and Control (“PRC”) testing program for the operating group.
• Monitors and tracks performance and addresses any issues.
• Acts as a subject matter expert in the evaluation, development and implementation of an internal control system.
• Analyze results, identify control weaknesses/gaps, and suggest actions to mitigate risk and liaise directly with 2LOD on effective challenges.
• Analyze reporting to identify themes, trends, and/or patterns. Encourage first line self-identification of control gaps.
• Prepare and distribute thematic reporting quarterly (at a minimum).
• Develop, maintain, and refresh internal risk management procedures applicable to the group.
• Provides audit and regulatory exam oversight; assesses results and identifies control breakdowns and thematic issues, reviews remediation plans for sustainability
• Develops an expert understanding of business/group challenges.
• Develops longer term program strategies assessing both internal needs & industry trends to deliver best-in-class programs for BMO.
• 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.
• Acts as a strategic partner to ensure the program elements becomes an integrated component of the overall business/group strategies.
• Supports multiple, varied business units with significant complexity & business transaction risk.
• Acts as a subject matter expert on relevant regulations and policies.
• Prepares and briefs senior leaders on regulatory matters across multiple businesses/groups.
• Monitors and advises on management of risk requirements within the defined risk appetite.
• Manages/supports large/complex risk programs/frameworks /projects/initiatives to ensure risks are appropriately mitigated and regulations adhered to.
• Monitors industry and legislative developments and continuously updates programs to ensure they are competitive and effective.
• Supports the position on regulatory compliance issues by interpreting requirements (existing, new and emerging) and identifying, analysing and addressing resultant gaps and issues, including those raised through the review of change initiatives.
• Understands the identified risk exposures and supports the development of action plans required to mitigate identified risks.
• Represents the business/group on Governance/Risk Working Groups/Forums and provides regular updates.
• May establish/manage a 1st LOD control group to oversee business/group adherence to the applicable risk managements requirements. May include evaluating the effectiveness of the controls, reporting on risk assessments and reviews, ensuring the business/group management addresses any identified risks and control deficiencies and the provision of advice and g