Associate, Global Markets Business Control

BMO Capital Markets; Toronto; Hybrid; CAD 100,000 - 105,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Capital Markets is seeking an Associate in Global Markets Business Control to support operational risk and resilience for the GM unit. You will work directly with senior executives to drive risk program execution and enhance controls, reporting, and continuity planning.

The role requires 5+ years in banking/consulting with strong analytical skills and proficiency in Excel, Power BI, and Office productivity tools. This is a Canada-based, Toronto-position supporting GM risk initiatives.

Qualifications

• Undergraduate degree in Business Administration, Risk Management, Economics, Finance or related field.
• 5+ years of Banking/Financial Institution/Management Consulting experience with risk exposure.
• Advanced Office Suite proficiency (Co-Pilot, Excel, PowerPoint, Word, Power BI, Visio).

Responsibilities

• Execute Operational Risk framework and program requirements for GM to mitigate risk of loss.
• Develop and maintain risk analytics, dashboards, KRIs, and management reporting.
• Support Business Continuity, BCM, Risk Assessments, and QA Review processes.
• Prepare executive-level materials and risk summaries for senior management and regulators.
• Interact with GM stakeholders, including senior executives, to resolve risk management challenges.

Skills

Organizational skills

Stakeholder management

Effective communication

Proactive learning

AI-enabled productivity tools

Education

Undergraduate degree in Business/Finance/Economics

Graduate degree or professional designations a plus

Tools

Excel

Power BI

Visio

PowerPoint

Job description

Additional Job Description

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

Additional Job Description

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets.
The Associate, Global Markets Business Control is part of the Capital Markets Operational Risk and Resilience (CM ORR) unit within the CM Risk and Regulatory Service (RRS) group. The candidate will report into the Director, Operational Risk & Resilience, Global Markets to drive the Operational Risk & Resilience mandate.
The CM ORR team, as part of the first line of defense, provide internal control support to help Global Markets mitigate Non-Financial Risk (i.e., Operational Risk, Business Continuity Management). The Associate will interact directly with Global Markets stakeholders, including senior executives, to methodically resolve risk management challenges across a continuum that ranges from simple day-to-day risk issues to highly complex business or regulatory issues. As part of the Capital Markets Office of the Chief Operating Officer, the CM ORR unit operates at a quick pace with exceptional quality and high expectations as such the role requires the same pace coupled with high-quality execution of deliverables.

Key Roles & Responsibilities

Operational Risk (40%)

• Execute the Operational Risk framework and program requirements for GM to mitigate risk of loss resulting from inadequate internal process, people, and system controls.
• Support the trigger update of GM PRC Library to ensure accuracy and completeness.
• Support the annual Product/Service, Process Risk Assessment (PSPRA) for GM business units.
• Develop and maintain risk analytics, dashboards, KRIs, and management reporting to provide actionable insights into emerging risks, control weaknesses, operational losses, and resilience exposures.
• Support process improvements to reduce operational risk and losses by identifying vulnerabilities, strengthening controls, and driving efficiency opportunities. Partner with Global Markets businesses, Corporate Support Areas, and control functions to assess risks, evaluate control effectiveness, and support practical mitigation strategies.
• Log any GM ORE/Issue in GRCE in a timely and effective manner.
• Support and execute on any short/long-term Operational Risk projects and initiatives (i.e., Regulatory/Audit Remediation) that that impacts GM, as required.
• Prepare executive-level materials, risk summaries, management reporting, and presentation content to support discussions with senior management, regulators, auditors, and governance committees.

Business Continuity Management (60%)

• Implement the Business Continuity program for GM to maintain business continuity documentation and facilitate business continuity testing.
• Responsible for Business Impact Assessment (BIA), Business Continuity Plan (BCP), and Risk Assessment (RA), documentation updates across all GM business units.
• Partner effectively with enterprise Resilience and Integration (R&I) to aid in Quality Assurance (QA) Review process completion.
• Participate and facilitate Disaster Recovery (D/R), third party/vendor/industry testing, Alternate Work Area, and BCP Walkthrough.
• Support and execute on any short/long-term BCM projects and initiatives (i.e., Regulatory/Audit Remediation) that impacts GM, as required.

Operational Resilience

• Support the identification and assessment of critical business services, dependencies, vulnerabilities, and resilience capabilities to strengthen Global Markets' ability to withstand and recover from disruptions.

The ideal candidate will have the following attributes

Skills

• Excellent organizational skills with ability to create/execute a detailed plan for short- and long-term work.
• Build positive stakeholder relationships within Capital Markets and across Corporate Support Areas to garner support, advice and partnership that enables execution of the role.
• Communicate effectively (verbal and written) at all levels of the organization, including the most senior executives, including drafting communications and running calls and meeting. Ability to represent Capital Markets at senior industry discussions, with regulators and internal & external auditors.
• Proactive in work and responsibility. Ongoing self-study about Capital Markets, emerging regulatory and industry issues, BMO business priorities, and best practices. Ability to adapt and quickly develop in-depth understanding of new/different initiatives, requirements, or roles.
• Demonstrated ability to leverage AI-enabled productivity tools, data analytics, and automation solutions to improve efficiency, strengthen control environments, and support decision-making.

Personal Attributes

• Confident, team player.
• Problem solver, decision maker, proposes solutions.
• Motivated, self-directed.
• Strong verbal, written and interpersonal communication.
• Calm under pressure, ability to execute while manage competing priorities.
• Humble, ability to laugh at self.
• Anticipate needs and requests.

Education/Experience

• Undergraduate degree in Business Administration, Risk Management, Economics, Finance and/or relevant background.
• Graduate degree or professional designations in related discipline would be an asset.
• 5+ years of Banking/Financial Institution/ Management Consulting experience with relevant Business Risk exposure, including, but not limited, to Operational Risk, Business Continuity, Regulatory Compliance, Cyber Security, Third Party Risk, Technology Resiliency, Legal, AML, etc.
• Demonstrated technical understanding of Capital Markets products, services, and systems.
• Knowledge of the various risks and controls associated with Global Markets trading business activities.
• Good understanding of the regulatory landscape and industry practices with respect to Operational Risk, Business Continuity Management, and Operational Resilience.
• Experienced in and effective at responding to and dealing with significant problems and crises.
• Advanced Office Suite proficiency, such as, Co-Pilot, Excel, PowerPoint, Word, Power BI and Visio, etc.

Salary

The salary range for this role is $100,000 up to $105,000 CAD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

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/ca/en 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. To request accommodation, please contact your recruiter.

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.