Manager, Enterprise-Third-Party Risk Management

This opportunity will allow you to work on exciting initiatives within operational non-financial risk with visibility to leaders within our organization. Working within a dynamic team focused on Third-Party Risk Management, and with 1st and 2nd line subject matter experts (SMEs), you will be responsible for supporting the development and maintenance of 2nd line Third-Party risk related reporting, the creation, maintenance and monitoring of risk metrics, and other oversight activities across the Third-Party Risk Management portfolio.  

Mandate: 

As part of the 2nd line of defense, this role supports the following primary accountabilities of the Enterprise Third-Party Risk Management Team: 

• Provide input into business decisions as a trusted advisor. 

• Make recommendation to leaders on strategy and new initiatives, seeking understanding of business/group to support recommendations. 

• Support maintenance and oversight of the Third-Party Risk Management Framework and other related requirements used across the enterprise to ensure Third-Party Risks are appropriately identified, assessed, managed, monitored, and reported. 

• Support maintenance of regulatory oversight over Third-Party risk. 

Responsibilities: 

• Foster a culture aligned to BMO purpose, values and strategy and role model BMO values and behaviours in all that they do. 

• Ensure alignment between values and behaviour that foster diversity and inclusion. 

• Regularly connect work to BMO’s purpose, set inspirational goals, define clear expected outcome, and ensure clear accountability for follow through. 

• Develop and maintain in-depth knowledge of third-party risk management and applicable legislative/ regulatory requirements and guidance. 

• Performs and/or effectively challenges across various programs including third-party issues & events, 1st Line monitoring & testing activities, and 1st Line reporting metrics. 

• Manage 2nd Line independent monitoring program which includes reporting against various metrics across the third-party lifecycle. 

• Conduct targeted reviews with accompanying analysis for any metrics outside of tolerance and/or with worsening trends. 

• Support with the completion quarterly and annual risk reporting scorecards with accurate data driven insights for internal/external stakeholders. 

• Analyze data and information on a continuous basis to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.