Senior Manager - Testing and Data Quality, Commercial Banking

at  BMO Financial Group

100 King Street West Toronto Ontario,M5X 1A1
This team leader role falls within North American Commercial Bank Headquarters, reporting to the Head of Risk & Control. The group is responsible for leading 1st Line risk efforts for North American Commercial Banking, ensuring risks are identified, assessed, and managed within Bank policy and regulatory guidelines.

Develops and maintains an effective data quality and internal control testing framework that defines the ways and methods governance is implemented, managed, and monitored in the designated business/group portfolio. 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 compliance and internal controls related to business processes and information.

• Performs testing on design of controls as required e.g. observation, inspection, replication, recalculation to ensure risks are identified and controls are effective.
• Leads and integrates the monitoring, measurement & reporting on the status of the internal controls governance framework/program to internal & external stakeholders.
• 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.
• Consults with stakeholders to improve consistency and transparency of control measurement/metrics and reporting.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Analyzes data and information to provide insights and recommendations.
• Documents the internal control governance system, processes and framework to describe compliance requirements, activities, processes, roles & responsibilities.
• Develops tools, checklists and communications to address gaps, issues and new requirements.
• Monitors and tracks performance; addresses any issues.
• Develops governance and control-related solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Develops reports on the status of the governance program or framework components to various internal & external stakeholder audiences.
• Identifies emerging issues and trends to inform decision-making.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
• Reviews processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls.
• Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary.
• 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.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Measures the effectiveness of risk governance system and framework; recommends changes as required.
• Conducts independent analysis and assessment to resolve strategic issues.
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
• 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.
• 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.
• Influences and negotiates to achieve business objectives.
• 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.
• Leads the development and maintenance of the internal controls governance system and framework.
• 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 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.
• Provides advice and guidance to assigned business/group on the implementation of the control framework, including effective challenge.
• Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/regulatory directives and guidance.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• 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, governance and/or project management is preferred.
• In-depth knowledge of business and regulatory environment.
• In-depth/expert knowledge & experience with risk policy frameworks; quality control/testing frameworks. e.g. SOX 404, COBIT and COSO frameworks.
• Seasoned professional with a combination of education, experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

Please refer the Job description for details