Senior Manager, Model & AI Governance

BMO; Toronto; Hybrid; CAD 86,000 - 185,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group seeks a Senior Manager, Model & AI Governance in a hybrid Toronto role. Lead governance programs across the Canadian Personal & Business Banking, ensuring AI models are treated as enterprise assets and comply with policies and regulatory expectations.

You will partner with product, technology, risk, and audit teams to enable safe, transparent, and scalable use of models and AI, driving governance maturity and responsible adoption.

Qualifications

• Experience in model risk management and AI governance in regulated settings.
• Strong understanding of AI lifecycle management and governance controls.
• Ability to influence senior stakeholders across business, technology and risk teams.
• Excellent analytical, communication, and problem-solving skills.
• Proven track record delivering governance programs in complex environments.

Responsibilities

• Lead Canadian P&B first line Model and AI Governance programs end-to-end.
• Develop and continuously improve governance policies, standards, and controls.
• Ensure alignment with enterprise risk appetite and regulatory expectations.

Skills

Model risk management

AI governance

Advanced analytics

Regulated environments

Influence senior stakeholders

Communication skills

Job description

This is a hybrid role in Toronto

The 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 Accountabilities

Model & AI Governance Leadership

• Own 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 & Compliance

• Ensure 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 Readiness

• Partner 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 Partnership

• Partner 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 & Enablement

• Maintain 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 & Culture

• Provide 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.

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.

Salary

$85,500.00 - $185,000.00

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.

Pay Type

Salaried

Benefits

• 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.

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 find out more visit us at https://jobs.bmo.com/ca/en