Senior Operational Risk Testing Lead

BMO; Toronto; On-site; CAD 76,000 - 142,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group is seeking an experienced testing professional to support the Centralized Testing Team. The role focuses on developing testing plans, scripts, and execution across transversal and business units to assess control effectiveness and regulatory adherence.

The incumbent will report findings, recommend remediation actions, and collaborate with stakeholders to strengthen the bank's governance frameworks while maintaining high standards of quality and independence.

Qualifications

• Typically minimum of 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience. Masters preferred.

Responsibilities

• Design and develop testing strategies and methodologies to assess the effectiveness of the Bank's control environment.
• Execute independent testing across the organization from both a Transversal and Business Unit perspective.
• Determine testing samples by performing in-depth risk-based analysis of the Domains.
• Identify issues and develop recommendations to address any gaps during the test execution. Work with issue owners to develop Management Action Plans and work with the identified owners to remediate such gaps through closure.
• Ensure implementation of consistent control frameworks across the enterprise.
• Assess complex monitoring activities associated with the control frameworks. Ensure activities are performed accurately, thoroughly, and in accordance with dynamic regulatory, operational risk requirements, and/or industry best practices, and activities meet timeframe standards.
• Act as a Subject Matter Expert around the Bank's Control Frameworks.
• Build effective professional relationships with business group, internal/external stakeholders and trust with regulators.
• Works independently and regularly handles non-routine situations.
• Provides advice and guidance to assigned business/group on implementation of solutions aligned to regulatory risk appetite based on an understanding of business operations and stakeholder needs.
• Identifies and advises on emerging issues and trends to inform decision-making.
• Analyses and reports on compliance data, and related data to gain insights on regulatory risk.
• Conducts and/or effectively challenges risk assessments for business/group and assists to identify more effective compliance controls.
• Performs and/or effectively challenges monitoring and testing activities to ensure regulatory compliance controls are operating and aligned to regulatory requirements.
• Supports root cause analysis in response to material control failures in business/group.
• Identifies, assesses, effectively challenges and oversees the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation. Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution.
• Analyzes and reports compliance information to Compliance and business/group management.
• Develops and maintains a high level of expertise in all regulations, directives and guidance which apply to the group(s) supported.
• Provides input to business/group on emerging risks, regulatory developments and interpretation of regulations.
• Accesses, monitors and reports on sensitive Bank, customer, transactional and employee information to ensure compliance with regulatory requirements.
• Communicates the roles and importance of each of the three lines of defense, and proactively identifies regulatory risk.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Broader work or accountabilities may be assigned as needed.

Skills

Risk management

Testing skills

Stakeholder relations

Data analytics

Communication

Project management

Analytical thinking

Regulatory knowledge

Decision making

Leadership

Education

Post-secondary degree

Masters preferred

Industry Certification preferred

Tools

Excel

PowerPoint

Word

Microsoft Office

Job description

BMO Financial Group is seeking an experienced testing professional to support the Centralized Testing Team. The role focuses on developing testing plans, scripts, and execution across transversal and business units to assess control effectiveness and regulatory adherence.

The incumbent will report findings, recommend remediation actions, and collaborate with stakeholders to strengthen the bank's governance frameworks while maintaining high standards of quality and independence.