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

Global Third Party Risk Management, BMO's first line of defense for Third Party Risk Management Program, is seeking a professional in risk management with experience and strong skills in supporting corporate and risk governance frameworks and programs, regulatory exams and reviews, audits. The individual will be responsible for exam and audit response management, remediation activities and strategic contributions to strengthen the end to end Third Party Risk Management Program, contributing to a high-performance risk centric culture. Working with other 1st and 2nd line subject matter experts (SMEs), you will be responsible for supporting Third-Party Risk Management Program regulatory requirements, exam/audit engagements and for control testing and monitoring. This is an individual contributor position reporting to the GTPRM Director, Regulatory & Audit Interactions

Key responsibilities:

· Assist in the maintenance of Third-Party Risk (TPR) Program ensuring alignment to existing and emerging regulatory requirements and guidelines related to Third Party risk in all major BMO operating jurisdictions (Canada, US, UK, Asia).

· Support GTPRM and various lines of business units in participation of internal and/or external audit, exams, and reviews, including but not limited to coordinating/facilitating the compilation, consolidation, interpretation, submission of timely and accurate documentation.

· May serve as point of contact for GTPRM engaging with regulators or regulatory matters, examiners, and auditors.

· Coordinate timely and accurate responses and activities for ad hoc regulatory and audit matters.

· Contribute to internal control testing, monitoring, remediation planning and management; may actively engage on control enhancement/remediation activities, ensuring accurate and timely delivery of action plans.

· Identify potential vulnerabilities and recommend mitigation strategies.

· Assist in providing regular updates to senior management on the status of the Third-Party risk management program and activities.

· Assist in the development of strong oversight and controls to ensure GTPRM remains in compliant with all regulatory, audit and 2nd line of defense requirements; may lead and/or support changes as required.

· Conduct impact assessment of key regulatory changes.

· Prepare regulatory, board, and committee presentations.

· Acts as a subject matter expert on relevant Third-Party related regulations and policies.

· Create and maintain TPRM documentation and procedures in the area of expertise.

· May conduct assessment and validation of new TPRM Program processes/process improvements.

· Identify potential risk situations/impacts and make recommendations or escalate to the senior manager.

· Liaise with internal and external groups building relationships; may network with industry contacts to gain competitive insights and best practices.

· Ensures alignment between values and behaviour that fosters diversity and inclusion.

· Breaks down strategic problems, and analyses data and information to provide program insights and recommendations.

· Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.

· Broader work or accountabilities may be assigned as needed.

Basic Qualifications:

· Bachelor's degree, or equivalent work experience

· 5+ years of experience in Risk Management/Compliance/Audit management, or related field

· In lieu of a degree, 8+ years of experience in Risk Management/ Compliance, Audit management, Process Improvement, or related field

Preferred Skills/Experience

· 5-8 years industry-related experience (Third Party Risk Management, Compliance/Audit management, or Operational Risk Management); strong understanding of the Financial Services Industry (issues, trends, etc.)

· Strong experience in Third-Party Risk Management (TPRM)

· Strong knowledge of regulatory requirements and TPRM industry trends

· TPRM related industry certification

· Experience with TPRM systems/tools

· Excellent analytical, project and planning skills

· Excellent communications skills (written and verbal)

· Excellent interpersonal skills and ability to work well in a team environment collaborating across diverse groups (lines of business and business partners, including governance and oversight functions -1st and 2nd Line of Defense)

Salary:

$100,000.00 - $185,500.00

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. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

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/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.