Managing Director, Risk Governance
BMOAbout the role
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338 S. Canal StJob Family Group:
Audit, Risk & ComplianceThis role leads the Risk Framework function within the Risk Governance & Strategic Risk team (RG&SR). The function is responsible for enabling the Risk Management Framework (RMF) to operate as a single, integrated, and forward-looking effectiveness across the enterprise and U.S. Material Entities and Combined U.S. Operations (CUSO). The role defines and leads the function to ensure the RMF is applied consistently, operates effectively, and evolves in line with strategic and regulatory expectations, providing a clear, enterprise- and CUSO-wide view of risk management effectiveness. Supports the Head, US Enterprise Risk in the execution of decision rights identified on the U.S. Risk Decision Rights Matrix to ensure the effective management of the U.S. in alignment with the U.S. Governance Model.
Translates evolving regulatory expectations and enterprise strategy into RMF design and application.
Aligns RMF to enterprise and CUSO strategy, risk appetite, and growth priorities.
Identifies opportunities to enhance and integrate RMF coverage across enterprise and U.S. structures.
Provides authoritative advisory and interpretation on RMF and core methodologies, including Three Lines of Defence, Effective Challenge, and Material Entity.
Maintains Risk Governance architecture, including core constructs and application requirements.
Administers the RMF Material Entity framework, including population refresh, opt-in management, and entity-level governance alignment.
Drives consistent application of RMF across the three lines of defence, the enterprise, jurisdictions, and Material Entities.
Aligns priorities across RG & SR team functions and drives coordinated execution of U.S.-relevant activities through embedded and dual reporting relationships.
Delivers a consolidated, enterprise-wide view of RMF effectiveness across enterprise and U.S. coverage.
Identifies systemic themes and cross-cutting issues to inform RMF enhancements.
Within the mandate of this role, promotes and supports the Bank’s risk culture including ensuring employees understand their accountabilities for risk-taking activities, promoting an environment of open communication and effective challenge, and establishing the “tone from the top” through leading by example.
Role models driving simplicity and productivity enhancements for optimization across groups driving continuous improvement on key measures.
Activates our winning culture, aligned with Purpose. Ignites engagement by aligning our culture to our strategy and fueling exceptional execution.
Fosters an inclusive environment for all employees by eliminating barriers to inclusion.
Develops leaders, plans for succession, and fosters a high-performance culture.
Drives top talent acquisition and retention, developing organizational capabilities to drive competitive advantage.
Leads and mentors a team with diverse risk and business experience, skills, and orientation.
Leads, promotes, and reinforces the Bank’s Ambition; personally, role models One Bank leadership; drives sustainable improvements in customer loyalty and business growth; adheres and supports enterprise customer experience and brand standards.
Identifies and escalates U.S. matters that present a material impact for Risk in the areas of: Business Performance, Risk, Legal, Regulatory and Compliance, Talent Management and Technology & Operations.
Contributes to the sustainment of the U.S. Governance Model within Risk, including information flow and escalation through the appropriate U.S. governance channels.
Participates as a member of U.S. management committees, as instructed.
Leads and participates in LOB or Corporate Function leadership forums, developing and using key metrics and details from across Risk.
Qualifications:
University degree in business, finance, economics, law, risk management, or a related discipline; advanced degree and/or relevant professional designation considered an asset.
8+ years of progressive experience leading enterprise risk management, risk governance, risk framework, regulatory, compliance, control, or related functions and strategic initiatives within a large, complex, regulated organization.
Deep knowledge of risk management frameworks and governance practices, including Risk Management Frameworks, Three Lines of Defence, Effective Challenge, Ris
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