Manager, Business Processes - Control and Compliance

at  BMO Financial Group

250 Yonge Street Toronto Ontario,M5B 2L7
The Manager, Business Processes, Control and Compliance will be responsible to oversee Market Risk compliance program as a 2b function. As part of the Market Risk Governance team in the second line of defense, the Manager will maintain the Market Risk PRC, manage the regulatory inventory, critically assess the unit’s internal controls and coordinate the BCP plan. The individual will require to collaborate with various stakeholders within 1st and 2nd line of defense.

Specific accountabilities for the role include:

• Working closely with Market Risk functions and acts as a trusted advisor with internal/external stakeholders.
• Executes M&T, communicates outcomes, prepares test results report and recommends action plans (if any issue is identified).
• Reviews processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls.
• Assists in the development and maintenance of the M&T plan and regulatory inventory
• Update BCP plan, communicates the plan and coordinates testing
• Assists in the development and maintenance of the Market Risk PRC (documents the internal control governance system, processes and framework to describe compliance requirements, activities, processes, roles & responsibilities, etc…)
• Assist with internal/external regulatory audits and/or examinations (as needed)
• Prepare decks for various Forum and/or Committee
• Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures; management of review/updates to policies, etc.
• Assists with quarterly reports (CRO attestation, SOX attestation)
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/regulatory directives and guidance.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Provides quality assurance, advice and guidance to the 2a Market Risk function on governance related topics, including effective challenge.
• Broader work or accountabilities may be assigned as needed.

QUALIFICATIONS:

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Experience in risk management, audit, compliance and/or governance is preferred.
• Professional designations such as CPA, preferred
• Knowledge of Market Risk and Front-Office
• In-depth knowledge & experience with risk policy frameworks and control testing
• Verbal & written communication skills - In-depth/Expert
• Collaboration & team skills - In-depth/Expert
• Analytical and problem solving skills - In-depth/Expert
• Influence skills - In-depth/Expert
• Ability to manage ambiguity
• Data driven decision making - In-depth/Expert

• Working closely with Market Risk functions and acts as a trusted advisor with internal/external stakeholders.
• Executes M&T, communicates outcomes, prepares test results report and recommends action plans (if any issue is identified).
• Reviews processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls.
• Assists in the development and maintenance of the M&T plan and regulatory inventory
• Update BCP plan, communicates the plan and coordinates testing
• Assists in the development and maintenance of the Market Risk PRC (documents the internal control governance system, processes and framework to describe compliance requirements, activities, processes, roles & responsibilities, etc…)
• Assist with internal/external regulatory audits and/or examinations (as needed)
• Prepare decks for various Forum and/or Committee
• Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures; management of review/updates to policies, etc.
• Assists with quarterly reports (CRO attestation, SOX attestation)
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/regulatory directives and guidance.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Provides quality assurance, advice and guidance to the 2a Market Risk function on governance related topics, including effective challenge.
• Broader work or accountabilities may be assigned as needed