1LOD Risk Governance Specialist

Bank of Montreal; Chicago (IL); On-site; USD 74,000 - 138,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident insurance

Retirement savings plans

Life insurance

Job summary

Bank of Montreal's Wealth Management division seeks a Risk Governance Specialist to embed the Enterprise Risk Management Framework across 1LOD operations, ensuring risk-aware decision making.

You will collaborate with risk partners and business units to translate regulatory requirements into practical processes, produce data-driven reports, and support ongoing risk program improvements. The role emphasizes collaboration, governance, and maintaining up-to-date knowledge of regulatory changes.

Qualifications

• Minimum 5 years of risk management experience, preferably supporting 1st Line of Defense functions within a regulated financial institution.
• Experience working with or within a bank supervised by the Federal Reserve Board; Category 3 bank is strongly preferred.
• Deep understanding of risk management principles, regulatory frameworks and financial services operations.
• Advanced proficiency in Microsoft Suite products; advanced reporting capabilities including executive and senior management dashboards.
• Proven ability to analyze complex data and translate findings into actionable insights.
• Strong communication and interpersonal skills with the ability to work across multiple teams and stakeholders.
• Highly organized with excellent attention to detail and the ability to manage multiple priorities.
• Ability to communicate complex risk concepts clearly (written/verbal).
• Agility in managing ambiguous or evolving priorities.
• Experience supporting risk integration or transformation initiatives.

Responsibilities

• Assist in designing and operationalizing processes to embed enterprise risk requirements under the Enterprise Risk Management Framework into 1LOD Wealth Management operations.
• Conduct impact assessments of new regulatory/enterprise mandates on existing processes, identifying gaps and adjustment needs.
• Support the operationalization and embedding of new risk governance processes (e.g. Policy, Escalation, and Governance Committees/Forums Management) within business teams.
• Help maintain 1LOD program components in compliance with enterprise standards.
• Assist in drafting and updating risk policies and guidelines for Wealth Management.
• Monitor adherence to enterprise risk standards, policies, and regulatory requirements as it relates to the Enterprise Risk Management Framework
• Support the Lead in interpreting new regulations/enterprise requirements and assessing impacts on 1LOD processes.
• Collaborate with business units to interpret and apply risk management requirements to daily operations in alignment with the enhanced Enterprise Risk Management Framework.
• Provide data-driven insights to inform risk framework adjustments.
• Support cross-functional working groups to represent Wealth Management’s risk governance posture.
• Build effective relationships with internal stakeholders to enable risk-aware decision-making.
• Investigate, document, and elevate program risks and issues to the Lead.
• Prepare data-driven reports, dashboards, and briefings on risk governance related items for management and governance forums.
• Maintain accurate records of risk processes, decisions, and compliance evidence.
• Aid in developing training materials to promote a risk-aware culture and compliance.
• Manage SharePoint repositories for risk documentation and ensure timely updates.
• Support audits/exams by providing required documentation and evidence.
• Track project timelines, deliverables, and dependencies to meet deadlines.
• Support change management initiatives for new risk processes.
• Maintain up-to-date knowledge of relevant regulatory changes and best practices in risk management

Skills

Risk management

1LOD

Regulatory frameworks

Data analysis

Excel

Dashboards

Communication

Cross-functional

Attention to detail

Independence

Tools

SharePoint

Job description

Bank of Montreal's Wealth Management division seeks a Risk Governance Specialist to embed the Enterprise Risk Management Framework across 1LOD operations, ensuring risk-aware decision making.

You will collaborate with risk partners and business units to translate regulatory requirements into practical processes, produce data-driven reports, and support ongoing risk program improvements. The role emphasizes collaboration, governance, and maintaining up-to-date knowledge of regulatory changes.