Director / Managing Director, Business Control Assurance

NCSL International; New York (NY); On-site; USD 200,000 - 300,000; Full time

Job summary

BMO Capital Markets is seeking a Director/Managing Director, Business Control Assurance to lead the independent first-line control assurance function within Governance and Controls of the Capital Markets Office. The role shapes the assurance agenda, tests control design and operating effectiveness, and engages with senior executives across capital markets.

You will set strategy, define scope, and govern methodology, ensuring testing independence and timely remediation.

Responsibilities

• Set the Capital Markets first-line assurance strategy and target operating model across business units, regulatory, technology and data controls.
• Define the scope and coverage of the function, including non-financial risk controls and testing criteria.
• Establish safeguards that separate assurance execution from control ownership and remediation delivery.
• Approve Capital Markets procedures, quality standards and escalation guidance within enterprise requirements.
• Lead relationships with Accountable Executives, first-line control owners, second-line risk, Internal Audit and regulators.

Job description

Address: 151 W 42nd Street

Job Family Group: Business Management

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. #bmocapitalmarkets

The Director / Managing Director, Business Control Assurance leads the independent first-line control assurance function for BMO Capital Markets and is part of Governance and Controls within the Capital Markets Office of the Chief Operating Officer (OCOO). Reporting to the MD & Head, Capital Markets Governance and Controls, the role is accountable for the strategy, operating model, annual plan, methodology, talent and performance of control assurance across Capital Markets businesses, functions, legal entities, jurisdictions and non-financial risk categories. The final title will reflect the successful candidate's experience, scope and leadership profile.

The role sets the assurance agenda and provides the senior first-line view on whether material controls are designed and operating effectively. The role determines where assurance is required, protects testing independence, resolves significant methodology and rating matters, and converts results into enterprise-level insight and intervention. The role leads relationships with Accountable Executives, Business Control leaders, first-line Enterprise Control Functions, second-line risk, Internal Audit and regulators on control assurance matters, with the depth and level of direct executive engagement calibrated to the appointed level. Business leaders and control owners retain ownership of risk, controls, remediation and risk acceptance; second line retains independent oversight and Effective Challenge; Internal Audit retains third-line assurance.

Key Roles & Responsibilities

• Assurance Strategy, Mandate and Independence - Set the Capital Markets first-line assurance strategy and target operating model, aligned to enterprise requirements and the Capital Markets risk profile.
  • Mandate and coverage: Define the scope of the function across operational, regulatory, technology, data, third-party, resilience and other non-financial risk controls, including the criteria for central testing, reliance, specialist testing and exclusions.
  • Independence: Establish and enforce safeguards separating assurance execution and conclusions from control ownership, business risk decisions and remediation delivery.
  • Methodology: Approve Capital Markets procedures, quality standards, interpretation guidance, escalation thresholds and exceptions within enterprise requirements.
  • Assurance model: