Senior Operational Risk Testing Officer

BMO; Toronto; On-site; CAD 70,000 - 150,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Life insurance

Retirement plans

Job summary

BMO Financial Group in Canada is seeking a seasoned professional to design and execute testing strategies that evaluate the bank's control environment. You will perform independent testing across Business Units, determine sampling, identify gaps, and work with owners to remediate control weaknesses.

This role requires strong regulatory risk knowledge, data analytics in Excel, and the ability to build relationships with internal and external stakeholders, including regulators.

Qualifications

• In-depth knowledge of Operational Risk Management in financial institutions.
• Ability to run data analytics in Excel and extrapolate meaningful analysis.
• Strong independent testing skills and relationship building with stakeholders.

Responsibilities

• Design and develop testing strategies to assess control effectiveness.
• Execute independent testing across the organization by risk and area.
• Identify issues and develop management action plans for remediation.
• Ensure consistent control frameworks across the enterprise.
• Provide specialized consulting and analytical support to business groups.

Skills

Data analytics

Independent testing

Regulatory risk knowledge

Stakeholder management

Communication

Education

Post-secondary degree in related field

Master's degree preferred

Industry Certification preferred

Tools

Excel

PowerPoint

Word

Job description

Application Deadline: 11/06/2026 Address: 100 King Street West Job Family Group: Audit, Risk & Compliance

Key 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.

Additional Responsibilities

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.

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. In-depth knowledge and experience in Operational Risk Management in a Financial Institution. Industry Certification preferred Ability to run data analytics in Excel and extrapolate meaningful analysis. Strong independent testing skills. Strong relationship building skills to work with key stakeholders at all levels of the organization. In-depth knowledge of the organization’s control frameworks. Knowledge of testing methodologies. Ability to work independently under tight time constraints with minimal need for oversight and peer review to ensure adherence to the control framework. Ability to simultaneously manage multiple high priority projects. Must be able to quickly grasp complex strategies. Mastery of the Microsoft Suite of products including, Power Point, Word, and Excel Strong communication, critical thinking, relationship management and project management skills. Verbal and written communication skills - In-depth Collaboration and team skills - In-depth Analytical and problem-solving skills - In-depth Influence skills - In-depth Data driven decision making - In-depth.

Salary

• Salary: $70,000.00 - $150,000.00
• 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 a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good.

Who we are

We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.

Our Commitment

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.