Senior Operational Risk Testing Officer in Toronto

Key Responsibilities

• Design and develop testing strategies and methodologies to assess the effectiveness of the Bank's control environment.
• Execute independent testing across the organization from both a Transversal and Business Unit perspective.
• Determine testing samples by performing in-depth risk-based analysis of the Domains.
• Identify issues and develop recommendations to address any gaps during the test execution.
• Work with issue owners to develop Management Action Plans and remediate such gaps through closure.
• Ensure implementation of consistent control frameworks across the enterprise.
• Assess complex monitoring activities associated with the control frameworks.
• Ensure activities are performed accurately, thoroughly, and in accordance with dynamic regulatory, operational risk requirements, and/or industry best practices.
• Act as a Subject Matter Expert around the Bank's Control Frameworks.
• Build effective professional relationships with business group, internal/external stakeholders and trust with regulators.
• Work independently and regularly handle non-routine situations.

Additional Responsibilities

• Provide advice and guidance to assigned business/group on implementation of solutions aligned to regulatory risk appetite.
• Identify and advise on emerging issues and trends to inform decision-making.
• Analyse and report on compliance data to gain insights on regulatory risk.
• Conduct and/or effectively challenge risk assessments for business/group.
• Perform and/or effectively challenge monitoring and testing activities to ensure regulatory compliance controls are operating.
• Support root cause analysis in response to material control failures in business/group.
• Identify, assess, effectively challenge and oversee the satisfactory resolution of issues.
• Elevate high profile issues/risk cases to Compliance and business/group management for prompt resolution.
• Analyse and report compliance information to Compliance and business/group management.
• Develop and maintain a high level of expertise in all regulations, directives and guidance which apply to the group(s) supported.
• Provide input to business/group on emerging risks, regulatory developments and interpretation of regulations.
• Access, monitor and report on sensitive Bank, customer, transactional and employee information to ensure compliance with regulatory requirements.
• Communicate the roles and importance of each of the three lines of defense, and proactively identify regulatory risk.
• Provide specialized consulting, analytical and technical support.
• Exercise judgment to identify, diagnose, and solve problems within given rules.
• Broader work or accountabilities may be assigned as needed.

Qualifications

• Typically minimum of 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience. Masters preferred.
• In-depth knowledge and experience in Operational Risk Management in a Financial Institution.
• Industry Certification preferred.
• Ability to run data analytics in Excel and extrapolate meaningful analysis.
• Strong independent testing skills.
• Strong relationship building skills to work with key stakeholders at all levels of the organization.
• In-depth knowledge of the organization’s control frameworks.
• Knowledge of testing methodologies.
• Ability to work independently under tight time constraints with minimal need for oversight.
• Ability to simultaneously manage multiple high priority projects.
• Must be able to quickly grasp complex strategies.
• Mastery of the Microsoft Suite of products including Power Point, Word, and Excel.
• Strong communication, critical thinking, relationship management and project management skills.
• Verbal and written communication skills - In-depth.
• Collaboration and team skills - In-depth.
• Analytical and problem-solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

Salary

Salary: $70,000.00 - $150,000.00 Pay Type: Salaried

The above represents BMO Financial Group’s pay range and type. Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure.

Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards.

BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact.

We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs.

From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life.

Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good.

Our Commitment

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process.