Senior Manager, Operational Risk Oversight

Application Deadline:

12/19/2024

Address:

320 S Canal Street

Job Family Group:

Audit, Risk & Compliance

Join BMO as a Senior Manager, Operational Risk Oversight. You will play a critical role in providing independent oversight and effective challenge of risk management activities across BMO’s largest operating group. This is a unique opportunity to help drive strong risk management within a dynamic risk function while leveraging data analytics to support informed decision-making and enhance risk management capabilities.

What You’ll Do:

- Partner with business stakeholders across the U.S. to challenge assumptions, validate risk assessments, conduct independent risk analysis, and ensure a strong second line of defense.

- Act as an advisor and consultant to the business, delivering insights that go beyond traditional risk management and helping the organization evolve its risk practices.

- Contribute to the risk management function by assessing risks, providing recommendations, and fostering a culture of continuous improvement.

- Engage in strategic risk initiatives by identifying key risk areas, conducting/supporting deep-dive reviews, and delivering actionable recommendations to enhance risk management processes.

- Utilize your data analytics expertise to analyze complex data sets, generate insights, and help drive strategic decision-making.

What You Bring:

- Strong experience in risk management, ideally within a financial services or consulting environment.

- Proven ability to lead and execute strategic initiatives and provide advisory services to business units.

- A strategic mindset with a passion for using data to drive decision-making.

- Proficiency in data analysis and visualization tools, such as Excel and Power BI, with a solid understanding of how to extract insights from data.

- Exceptional communication and stakeholder management skills, with the ability to engage confidently with senior leaders.

- A proactive, self-starter attitude with a demonstrated history of ownership and accountability for delivering initiatives.

- Flexibility and adaptability to thrive in a dynamic, fast-paced environment.

Preferred Qualifications:

- Minimum 10 years of experience, particularly with a background in risk management and experienced in engaging with Internal Audit and Regulators.

- Experience in the financial sector, especially banking, would be a strong advantage.

- Exposure to retail banking, personal and business banking, or other related financial operating groups.

- Consulting experience is highly valued with an advisory mindset ideally with experience in data analytics.

- A degree in business, risk management or related fields. Advanced degrees such as an MBA are a plus.

This is an individual contributor role. This position is in Chicago/ Naperville and offers a hybrid work model with 2-3 days in the office.

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

Provides oversight, monitoring and reporting on operational risks for a designated portfolio. Develops and monitors the operational management framework that includes the governance framework & practices leveraged across BMO to manage operational risks. Provides policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance as well as effective monitoring, timely reporting and identification of action plans.

• Provides strategic input into business decisions as a trusted advisor.

• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

• Acts as a subject matter expert on relevant regulations and policies.

• May network with industry contacts to gain competitive insights and best practices.

• Interprets new regulations and assesses impacts to the governance framework.

• Develops reports on the status of the governance program or framework components to various internal & external stakeholder audiences.

• Influences and negotiates to achieve business objectives.

• Identifies emerging issues and trends to inform decision-making.

• Recommends business priorities, advises on resource requirements and develops roadmap for strateg