Audit and Regulatory Interactions, Senior Manager

BMO Financial; Toronto; On-site; CAD 86,000 - 160,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Senior Manager for Audit and Regulatory Interactions. This role involves managing regulatory examinations and varying audit processes, ensuring compliance across divisions. The ideal candidate has substantial experience in Regulatory Compliance or Risk Management, excellent communication skills, and knowledge of banking regulations. A competitive salary package is offered, including performance incentives and comprehensive benefits.

Benefits

Health insurance

Tuition reimbursement

Retirement plans

Qualifications

• 8-10 years in Regulatory Compliance/Risk Management.
• Experience with examinations and remediation activities.
• Knowledge of banking risk types, policies, and procedures.

Responsibilities

• Support the ARI team in executing audit and exam activities.
• Oversee pre-exam preparations and documentation coordination.
• Gather and facilitate regulatory and audit deliverables.

Skills

Excellent written and verbal communication

Strong decision-making and risk analysis

Relationship management and leadership capabilities

Influencing, facilitation, presentation, and negotiation skills

Self-motivated and goal-oriented

Education

University degree or college diploma in a related discipline

Tools

Microsoft Office

Spotfire reporting

Job description

Audit and Regulatory Interactions, Senior Manager

Apply locations Toronto, ON, CAN | Full time | Posted 10 Days Ago | Job Requisition ID: R250016160

Application Deadline: 08/14/2025

Address: 250 Yonge Street

Job Family Group: Business Management

The Audit & Regulatory Interactions Team (ARI) serves as the central contact point for Technology & Operations (T&O) audit and regulatory interactions, partnering with key business units to provide guidance on audits and examinations, and to mitigate potential risks. The team also offers insights on regulatory trends and themes.

Mandate: This role primarily manages T&O regulatory exams and audits. The Senior Manager collaborates with all three lines of defense across T&O (including Enterprise, Canada, U.S., and international jurisdictions) to support exam and audit processes. Responsibilities include leading pre-readiness and debrief sessions, conducting deep dive reviews, providing feedback on submission materials, managing audit calendars, delivering executive reports, and aligning activities with testing and readiness assessments.

Accountabilities:

1. Support the ARI team and broader risk functions in executing T&O audit and exam activities.
2. Oversee pre-exam preparations, including documentation coordination and meetings.
3. Gather and facilitate regulatory and audit deliverables.
4. Lead efforts to compile documentation for examiner and audit meetings.
5. Update stakeholders on exam and audit statuses, including issues.
6. Assist in drafting management responses to findings and track remediation activities.
7. Review exam results, identify themes, and apply insights across T&O.
8. Provide updates to committees, regulators, and risk forums as needed.
9. Promote understanding of regulatory and audit decisions and expectations.
10. Contribute to projects such as creating audit and exam playbooks.

Cross-Functional Relationships:

This role interacts with:

• Regulators (e.g., Federal Reserve, OSFI, OCC)
• Internal teams: Corporate Audit, External Audit, T&O Leadership, Governance, Risk, Compliance, Central Testing, Enterprise Risk Management, Regulatory Office, US T&O Governance

Knowledge and Skills:

Knowledge:

• University degree or college diploma in a related discipline or equivalent experience (8-10 years in Regulatory Compliance/Risk Management)
• Experience with examinations and remediation activities
• Knowledge of banking risk types, policies, procedures, legal and organizational structures
• Proficiency with Microsoft Office and Spotfire reporting

Skills:

• Excellent written and verbal communication
• Strong decision-making and risk analysis
• Relationship management and leadership capabilities
• Influencing, facilitation, presentation, and negotiation skills
• Self-motivated, goal-oriented, capable of managing change

Salary: $86,000 - $160,000

Pay Type: Salaried

Salary varies based on location, skills, experience, education, and qualifications. Compensation may include performance incentives, bonuses, and benefits such as health insurance, tuition reimbursement, and retirement plans. More details at BMO Total Rewards.

About Us:

At BMO, our purpose is to "Boldly Grow the Good" in business and life. We aim to create positive change for our customers, communities, and employees through innovation and collaboration. We support employee growth with training, coaching, and development opportunities.

Visit us at https://jobs.bmo.com/ca/en.

BMO is committed to diversity, equity, and accessibility. Accommodations are available upon request during the recruitment process.

Note to Recruiters: BMO does not accept unsolicited resumes. Only resumes from candidates or approved agencies with a valid contract will be considered.

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