Director and Team Lead, Foundational Risk Management

Application Deadline:

06/12/2025

Address:

320 S Canal Street

Job Family Group:

Business Management

Supports the business/group leader in the effective implementation, maintenance and administration of first line of defense (1st LOD) Foundational Risk programs (e.g. Risk ID, Risk Appetite, Concentration Risk, Emerging Events & Scenarios, etc), including linkage to strategic planning, limit setting, and capital planning and 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.

Risk Identification & Assessment (“Risk ID”), Emerging Events & Scenarios (“EES”), and Risk Appetite, including limit setting, are critical foundational elements of BMO’s Risk Management Framework.  The Foundational Risk program is in the early stages of executing an optimized target state roadmap that will transform it to be fully integrated and in harmony with 1st LoD BAU processes and reporting to deliver a strongly supported material and emerging risk inventory.  Material and emerging risks will be integrated with risk appetite, strategic planning and stress testing to deliver efficient, consistent and valuable risk reporting to management committees and the Board to guide the overall operations of BMO Commercial Bank.  As Director and Team Leader, Foundational Risk Management, you will have the privilege of being a key member of a highly dedicated team leading this extraordinarily valuable transformation and managing the resulting optimized business-as-usual (“BAU”) target state by delivering structured, disciplined, diligent and thoughtful leadership and support across many enhancements/efforts.

• 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.
• Develops and implements a highly efficient, consistent and insightful target state Risk Identification inventory and assessment process for the operating group.
• Develops and implements an efficient and consistent target state integration of material risks with Risk Appetite Limits/KRMs/KRIs and Strategic Planning to deliver efficient, holistic and insightful risk reporting
• 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.
• Identifies and understands risk exposures and supports the development of action plans required to mitigate identified risks.
• Supports the position on regulatory compliance 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.
• Represents the business/group on Governance/Risk Working Groups/Forums and provides regular updates.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations to senior management
• Employs systems (e.g. customized exception reports, tracking reports, etc) to manage; integrates information from multiple sources to enable enhanced analysis
• Monitors and tracks performance; provides thematic analysis to address issues
• Acts as a strategic partner to ensure the program elements becomes an integrated component of the overall business/group strategies.
• Prepares and briefs senior leaders on risk and regulatory matters across multiple businesses/groups.
• 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 guidance to management concerning the design, and operation of the business/group controls.
• May consult to or serve on various committees and task forces.
• Directs strategic programs that impact BMO and provides integrated management of subsidiary projects and internal or external stakeholders.
• 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 enabl