Senior Manager, Model & AI Governance

Bank of Montreal; Toronto; Hybrid; CAD 95,000 - 176,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

Bank of Montreal is seeking a Senior Manager, Model & AI Governance in Toronto to lead the development and operation of governance programs across the model lifecycle. You will partner with business, product, and technology teams to embed governance into delivery while ensuring compliance with enterprise policies and regulatory expectations.

The role requires deep expertise in model risk, AI governance, and risk management in regulated environments, with a proven track record of influencing

Qualifications

• 7+ years of experience in model risk management, AI governance, advanced analytics, or related risk disciplines.
• Strong understanding of machine learning, generative AI, and AI lifecycle management.
• Demonstrated experience operating governance programs in regulated environments.
• Proven ability to influence senior stakeholders and work across business, technology, and risk teams.
• Strong analytical, communication, and problem-solving skills.

Responsibilities

• Lead the Canadian P&BB first line Model and AI Governance programs across the full lifecycle.
• Establish, maintain, and continuously improve governance policies, standards, procedures, and controls.
• Ensure governance practices align with enterprise risk appetite, regulatory expectations, and business objectives.
• Oversee model and AI inventories, intake processes, risk classification, and validation engagement.
• Partner with Enterprise Risk, Model Risk Management, and Audit to support reviews and examinations.
• Provide advisory support on model risk, governance requirements, and Responsible AI practices.

Skills

Model risk management

AI governance

Advanced analytics

Stakeholder influence

Communication

Job description

Application Deadline:09/05/2026Address:33 Dundas Street WestJob Family Group:Data Analytics & ReportingThis is a hybrid role in TorontoThe Senior Manager, Model & AI Governance is a leadership role within the Data, AI Transformation & Analytics (D.A.T.A.) team, accountable for establishing, operating, and continuously strengthening the first line Model and AI Governance programs across Canadian Personal & Business Banking.This role provides strategic and hands-on leadership for model and AI governance, ensuring models and AI systems are managed as enterprise assets and comply with all applicable enterprise policies, regulatory expectations, and Responsible AI principles. The role partners closely with business, product, technology, and second-line risk teams to enable safe, transparent, and scalable use of models and AI.Key AccountabilitiesModel & AI Governance LeadershipOwn and operate the Canadian P&BB first line Model and AI Governance programs across the full lifecycle.Establish, maintain, and continuously improve governance policies, standards, procedures, and controls.Ensure governance practices are aligned with enterprise risk appetite, regulatory expectations, and business objectives.Lifecycle Oversight & ComplianceEnsure all models and AI use cases comply with enterprise and regulatory requirements from intake through decommissioning.Oversee model and AI inventories, intake processes, risk classification, and validation engagement.Ensure ongoing monitoring, issue management, and remediation are operating effectively.Risk, Audit & Regulatory ReadinessPartner with Enterprise Risk, Model Risk Management, and Audit teams to support reviews and examinations.Lead internal audits, self-assessments, and control testing related to model and AI governance.Ensure timely remediation of findings and continuous strengthening of the control environment.Business & Product PartnershipPartner with AI Product, Data Science, and Technology teams to embed governance into delivery processes.Provide expert advisory support on model and AI risk, governance requirements, and Responsible AI practices.Enable innovation by providing clear, practical governance guidance that supports responsible adoption.Reporting, Insights & EnablementMaintain management reporting and dashboards on model and AI risk, compliance, and governance maturity.Provide clear insights and updates to senior leaders and governance forums.Drive organizational understanding of model and AI governance responsibilities.Leadership & CultureProvide leadership and direction across governance team members and matrix partners.Role model BMO values and behaviours, including accountability, integrity, and inclusion.Foster a strong culture of risk ownership and Responsible AI across P&BB.Qualifications7+ years of experience in model risk management, AI governance, advanced analytics, or related risk disciplines.Strong understanding of machine learning, generative AI, and AI lifecycle management.Demonstrated experience operating governance programs in regulated environments.Proven ability to influence senior stakeholders and work across business, technology, and risk teams.Strong analytical, communication, and problem-solving skills.Salary :$94,600.00 - $176,000.00Pay Type:SalariedThe 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-RewardsAbout UsAt 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.