Senior Manager, Risk Appetite Measures, Inventory and Reporting

Application Deadline:

07/04/2024

Address:

320 S Canal Street

Job Family Group:

Audit, Risk & Compliance

Are you an analytical thinker with a passion for risk management and risk appetite design? Join our team as a Senior Manager in Risk Appetite Measures, Inventory, and Reporting, and play a crucial role in ensuring our bank’s risk appetite is well articulated through a set of measures that are are comprehensive, forward looking, linked to capital and stress and are accurately and effectively managed.

Key Responsibilities:
- Comprehensive Risk Metrics: Ensure the bank has a comprehensive set of metrics covering all organizational risks.

- Metric Definition and Calibration: Properly define, calibrate, and set thresholds for risk metrics.

- Oversight and Challenge: Provide oversight and effective challenge to teams calculating these measures, ensuring accuracy and compliance.

What We’re Looking For:
- Expertise in Risk Management: Strong understanding of various risks within banks, including credit, market, operational, and financial risks.

- Experience: Proven experience in risk appetite metrics setting and risk management.

- Quantitative Skills: Ability to work with and interpret large data sets; experience with data querying is a plus.

- Communication and Relationship Management: Excellent skills to convey complex quantitative findings and manage relationships to influence change.

- Independence: Ability to work independently and lead activities.

- Strong communication skills to translate complex data into actionable insights.

- Effective relationship management to drive change across the organization.

This position is located in the US and offers a hybrid work arrangement with at least 2 days per week designated for in-office collaboration, while other days remote.

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

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 the identification, assessment, monitoring and control of all categories of risk (Market, Operational, Credit, and Liquidity risks) for a designated portfolio and / or jurisdiction. Develops and maintains the risk management framework that includes the governance framework and practices leveraged across the assigned portfolio to manage all risks taken. Provides policies, standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Executes decision rights within the governance framework and 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.

• 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.

• 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 enables the career development of top talent.

• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.

• 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.

• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.

• Leads the execution of initiatives/programs; assesses and adapts as needed to ensure quality of execution.

• Acts as the