Senior Advisor, Climate Risk Guidance

Application Deadline:

08/18/2024

Address:

320 S Canal Street

Job Family Group:

Audit, Risk & Compliance

In this position, you will make a meaningful and impactful contribution to BMO’s Climate Risk Program by enabling the Bank to make sense of the fast-moving regulatory landscape on climate risk and translate prudential regulatory signals and expectations into concrete action. Focused on the safety and soundness of financial institutions, prudential regulators and supervisors across BMO’s global footprint have issued climate risk management guidance driving the design and implementation of our climate risk management framework.

 

The Senior Advisor, Climate Risk Guidance will, for instance, monitor, communicate, and socialize global prudential regulatory developments on climate risk management; complete detailed gap analyses against requirements to inform program plan deliverables; represent BMO at industry groups domestically and internationally; and respond to outreach from prudential regulators.

Develops and maintains an effective internal control framework that defines the ways and methods governance is implemented, managed, and monitored in the designated business/group portfolio, including in relation to regulatory change management regarding prudential regulatory requirements on climate risk. The governance framework includes policies, guidelines and provides programs, practices and measures to promote transparency, accuracy, consistency across groups. Applies specialized knowledge of risk management, regulatory affairs, and regulatory compliance.

• 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 internal controls governance framework/program.
• 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 strategic execution.
• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
• Measures the effectiveness of risk governance system and framework; recommends changes as required.
• Conducts independent analysis and assessment to resolve strategic issues.
• Leads the development and maintenance of the internal controls governance system and framework.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
• Leads the development of the communication strategy focusing on positively influencing or changing behaviour.
• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Manages the review and sign-off process for relevant regulatory reporting.
• Leads and integrates the monitoring, measurement & reporting on the status of the internal controls governance framework/program to internal & external stakeholders.
• Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
• May provide specialized support for other internal and external regulatory requirements.
• Provides input into the planning and implementation of ongoing operational programs in support of the model validation/risk framework.
• Leads in the design, implementation and management of core business/group processes.
• Develops governance and control-related solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance to assigned business/group on the implementation of the control framework, including effective challenge.
• Performs testing on design of controls as required e.g. observation, inspection, replication, recalculation to ensure risks are identified and controls are effective