Manager, market risk regulatory risk and review

BMO Financial Group; Toronto; On-site; CAD 74,000 - 139,000; Full time

Job summary

BMO Financial Group is seeking a professional to oversee regulatory compliance and risk management tasks. Candidates should have 5-7 years of relevant experience and a strong background in governance frameworks. This position includes monitoring issues, preparing senior management reports, and collaboration with various stakeholders to ensure compliance with regulatory requirements. BMO offers a diverse work environment and comprehensive benefits.

Benefits

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Performance-based incentives

Discretionary bonuses

Qualifications

• Typically 5 - 7 years of relevant experience.
• Experience in risk management, audit, compliance, governance preferred.
• In-depth knowledge of issue management process and regulatory environment.

Responsibilities

• Responsible for monitoring and reporting of issues within the unit.
• Prepares and presents committee material for senior management.
• Manages the regulatory compliance process with various stakeholders.

Skills

Verbal communication

Written communication

Collaboration

Analytical skills

Problem solving

Influence skills

Data-driven decision making

Education

Post-secondary degree in related field

Job description

Application Deadline:

Address:

250 Yonge Street

Job Family Group:

Audit, Risk & Compliance

Develops and maintains an effective internal control framework that defines the ways and methods governance is implemented. 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 issue management.

• Responsible for monitoring and reporting of issues within the unit, including assisting with identification and classification of issues; providing effective challenge on action plans and closure of issues; updating the issue management system; coordinating with different stakeholders such as audit, ops risk and compliance on a regular basis
• Prepares and presents committee material for senior management
• Works with stakeholders outside of Market Risk to ensure issues metrics are presented appropriately at different forums
• Manages the regulatory compliance process by working with different stakeholders within and outside of Market Risk to identify controls and complete self-assessments against regulatory requirements
• Working in collaboration with senior leaders in and outside of Market Risk, articulating/interpreting regulatory requirements and being able to communicate to multiple stakeholders with depth and clarity
• Executes on thought leadership by researching existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
• Updates policies and procedures to ensure implementation of an effective issue management process and regulatory self-assessment process
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically between 5 - 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 is preferred.
• In-depth knowledge of issue management process and regulatory environment.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

Salary :

$74,800.00 - $138,600.00

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/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.