VP, Operational Risk & Resilience, Control Testing Manager

SML Inox; Toronto; On-site; CAD 105,000 - 130,000; Full time

Job summary

A leading financial services provider seeks a VP, Operational Risk & Resilience, Control Testing Manager in Toronto. This role involves leading the implementation of the Monitoring and Testing Framework, managing resources, and ensuring effective communication with stakeholders. Ideal candidates will have extensive experience in banking, risk management, and auditing, along with strong organizational and communication skills.

Qualifications

• 7+ years in Banking/Financial Institution/Management Consulting with relevant Audit and Risk exposure.
• 3+ years Audit experience leading control assessments and regulatory compliance audits.
• Demonstrated experience implementing an internal controls framework.

Responsibilities

• Lead implementation of the CM Monitoring and Testing Framework.
• Manage control testing contractors and track assigned testing.
• Deliver timely reporting of metrics and manage stakeholder communication.

Skills

Organizational skills

Stakeholder relationship building

Effective communication

Proactive work ethic

Calm under pressure

Education

Undergraduate degree in Business Administration, Risk Management, Economics, Finance

Graduate degree or professional designations in related discipline

Tools

Office Suite (Excel, PowerPoint, Word, Power BI, Visio)

Job description

02 / 27 / 2025

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world.

The VP, Operational Risk & Resilience, Control Testing Manager is part of the Office of the Chief Operating Officer (OCCO) Operational Risk and Resilience (ORR) team within the Capital Markets Operational Risk and Resilience (CM ORR) group. As part of the Capital Markets Office of the Chief Operating Officer (CM OCOO), the CM ORR unit operates at a quick pace with exceptional quality and high expectations as such the role requires the same pace coupled with high quality execution of deliverables.

The VP is expected to provide expertise, support, and resource to drive the new CM Monitoring and Testing (M&T) Framework with a focus on implementation of the control testing risk plans, allocation of resources, management and tracking of assigned testing, and reporting of progress. The role requires the VP to interact directly with stakeholders both internal and external to the ORR team including senior executives to methodically resolve simple and complex challenges. This role will require the management of control testing contractors and the continual allocation of their work. The candidate will report into the Director, Operational Risk & Resilience, Capital Markets to drive the CM Monitoring and Testing mandate.

CM Monitoring and Testing Framework - Take an active lead role in the implementation of the CM M&T Framework. The objective is to manage the team to deliver timely results. The M&T Framework will mitigate key risks resulting from inadequate internal process, people, and system controls.

Control Testing : Lead the effort to assign and implement the testing of key controls across all of the CM Process, Risk, and Control (PRC) libraries and log all testing related issues in GRCE in a timely manner.

Control Tracking : Compile the status / results of the control testing team and communicate obstacles impeding progress.

Management Reporting : Deliver timely reporting of metrics including but not limited to completion and status across each risk plan and holistically.

People Management : Ensure resources are adequately utilized; troubleshoot issues regarding their ability to conduct timely testing; utilize an agile approach allowing resources to pivot as needed based on skills and capacity.

Communication : Communicate effectively and often as transparency will help drive progress and solutions to anticipated roadblocks.

Operational Risk - A secondary function will be to support the Operational Risk framework and program requirements for OCOO to mitigate risk of loss resulting from inadequate internal process, people, and system controls.

Process Risk & Control Library : Support the trigger update of OCOO PRC Libraries to ensure accuracy and completeness.

Operational Risk Assessment : Support the annual Product / Service, Process Risk Assessment (PSPRA) for OCOO.

Targeted Process and Control Review (TPCR) : Support process improvement to prevent Operational Risk Events (ORE) or issues by identifying vulnerabilities, enhancing key controls, and creating efficiency opportunities via TPCR.

Operational Risk Issue Management : Log any OCOO Issues in GRCE in a timely and effective manner.

Projects and initiatives : Support any short / long-term Operational Risk projects and initiatives (i.e., Regulatory / Audit Remediation) that impacts OCOO, as required.

The ideal candidate will have the following attributes :

Skills :

Excellent organizational skills with ability to create / execute a detailed plan for short- and long-term work.

Build positive stakeholder relationships within Capital Markets and across Corporate Support Areas to garner support, advice and partnership that enables execution of the role.

Communicate effectively (verbal and written) at all levels of the organization, including the most senior executives, including drafting communications and running calls and meetings. Ability to represent Capital Markets at senior industry discussions, with regulators and internal & external auditors.

Proactive in work and responsibility. Ongoing self-study about Capital Markets, emerging regulatory and industry issues, BMO business priorities, and best practices. Ability to adapt and quickly develop in-depth understanding of new / different initiatives, requirements, or roles.

Personal Attributes :

Confident, team player.

Motivated, self-directed.

Strong verbal, written and interpersonal communication.

Calm under pressure, ability to execute while manage competing priorities.

Humble, ability to laugh at self.

Anticipate needs and requests.

Education / Experience :

Undergraduate degree in Business Administration, Risk Management, Economics, Finance and / or relevant background.

Graduate degree or professional designations in related discipline would be an asset.

7+ years of Banking / Financial Institution / Management Consulting experience with relevant Audit, Control, and Business Risk exposure, including, but not limited, to Operational Risk, Credit Risk, Business Continuity, Regulatory Compliance, Cyber Security, Third Party Risk, Technology Resiliency, Legal, AML, etc.

Demonstrated experience implementing an internal controls framework including the documentation of control descriptions, test steps, attributes, scope, testing methodology, and early identification of control gaps.

Managed the testing lifecycle for key controls within a financial services environment from planning and execution to reporting, including the presentation of findings and recommendations to management.

3+ years Audit experience demonstrating an ability to lead and execute control assessments and conduct regulatory compliance audits (SOC, ITGC, GAAS, etc.).

Developed test strategies and plans to ensure quality, effectiveness, and alignment with objectives.

Knowledge of the various risks and controls associated within the Capital Markets business lines and their related business activities.

Good understanding of the regulatory landscape and industry practices with respect to Operational Risk, Business Continuity Management, and Operational Resilience.

Experienced in and effective at responding to significant problems and crises in a timely manner.

Advanced Office Suite proficiency, such as, Excel, PowerPoint, Word, Power BI and Visio, etc.

Salary :

Please note base salary for this role would be in the range of $105,000 - $130,000 CAD

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