Manager, Risk Governance

BMO U.S.; Chicago (IL); On-site; USD 74,000 - 138,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident insurance

Retirement savings

Job summary

BMO Financial Group is seeking a Manager, Risk Governance within the Risk Governance Office (RGO) of ERM/ERPM to develop, implement, and oversee risk governance frameworks, standards, and practices across the enterprise and CUSO. You will provide governance oversight, advisory support, and reporting, driving consistent application and regulatory compliance across lines of defense.

The role emphasizes governance expertise, stakeholder collaboration, data-driven insights, and proactive remediation

Qualifications

• Typically 5-7 years of experience in risk management, governance, compliance, audit, internal controls, regulatory management, or related disciplines.
• Experience developing, implementing, maintaining, or overseeing governance frameworks, policies, controls, or oversight programs.
• Strong understanding of governance, risk management, regulatory expectations, and internal control principles.
• Strong analytical, problem-solving, communication, stakeholder management, and influence skills.
• Demonstrated ability to manage multiple priorities, work independently, and exercise sound judgment in a complex environment.

Responsibilities

• Develops, maintains, and enhances risk governance frameworks, standards, methodologies, procedures, and supporting guidance.
• Leads implementation of governance requirements and promotes consistent application across business groups, corporate functions, jurisdictions, and material entities.
• Acts as a trusted advisor on risk governance requirements and provides advice, guidance, and effective challenge regarding the implementation of governance frameworks, policies, standards, and practices.
• Conducts analysis and assessments to identify governance issues, emerging trends, risks, and opportunities for improvement, and recommends appropriate actions.
• Leads monitoring, measurement, and reporting activities related to governance effectiveness, implementation progress, and adherence to governance requirements.
• Develops and maintains governance reporting, metrics, dashboards, and management information to support stakeholder and management decision-making.
• Researches emerging regulatory requirements, industry trends, and leading practices and recommends enhancements to governance frameworks and practices.
• Supports regulatory examinations, audits, reviews, and governance-related remediation activities.
• Assesses the impact of new or changing regulatory requirements and contributes to the development and implementation of governance enhancements.
• Leads or participates in governance, regulatory, and strategic initiatives, including stakeholder engagement, communication, implementation, and change management activities.
• Develops governance tools, templates, communications, training, and supporting documentation to promote awareness and consistent application of governance requirements.
• Builds effective relationships across the three lines of defence and collaborates with stakeholders to drive alignment, transparency, and effective governance outcomes.
• Analyzes data and information to provide insights, recommendations, and support informed decision-making.

Skills

Governance

Regulatory expectations

Analytics

Stakeholder management

Communication

Job description

This role is part of the Risk Governance Office (RGO) within Enterprise Risk Management (ERM), which is part of Enterprise Risk & Portfolio Management (ERPM), BMO's second line of defence. The Risk Governance Office is responsible for developing, maintaining, and overseeing the frameworks, standards, methodologies, and practices that support effective risk governance, clear accountability, and consistent execution of the Risk Management Framework (RMF) across the enterprise and Combined U.S. Operations (CUSO).

The Manager, Risk Governance develops, implements, and maintains risk governance frameworks, standards, processes, and practices that support effective oversight, transparency, accountability, and regulatory compliance. The role provides governance oversight, advisory support, monitoring, reporting, and challenge to help ensure governance requirements are implemented, managed, and monitored consistently across the organization.

Key Accountabilities

• Develops, maintains, and enhances risk governance frameworks, standards, methodologies, procedures, and supporting guidance.
• Leads implementation of governance requirements and promotes consistent application across business groups, corporate functions, jurisdictions, and material entities.
• Acts as a trusted advisor on risk governance requirements and provides advice, guidance, and effective challenge regarding the implementation of governance frameworks, policies, standards, and practices.
• Conducts analysis and assessments to identify governance issues, emerging trends, risks, and opportunities for improvement, and recommends appropriate actions.
• Leads monitoring, measurement, and reporting activities related to governance effectiveness, implementation progress, and adherence to governance requirements.
• Develops and maintains governance reporting, metrics, dashboards, and management information to support stakeholder and management decision-making.
• Researches emerging regulatory requirements, industry trends, and leading practices and recommends enhancements to governance frameworks and practices.
• Supports regulatory examinations, audits, reviews, and governance-related remediation activities.
• Assesses the impact of new or changing regulatory requirements and contributes to the development and implementation of governance enhancements.
• Leads or participates in governance, regulatory, and strategic initiatives, including stakeholder engagement, communication, implementation, and change management activities.
• Develops governance tools, templates, communications, training, and supporting documentation to promote awareness and consistent application of governance requirements.
• Builds effective relationships across the three lines of defence and collaborates with stakeholders to drive alignment, transparency, and effective governance outcomes.
• Analyzes data and information to provide insights, recommendations, and support informed decision-making.

Qualifications

• Typically 5-7 years of experience in risk management, governance, compliance, audit, internal controls, regulatory management, or related disciplines.
• Experience developing, implementing, maintaining, or overseeing governance frameworks, policies, standards, controls, or oversight programs.
• Strong understanding of governance, risk management, regulatory expectations, and internal control principles.
• Strong analytical, problem-solving, communication, stakeholder management, and influence skills.
• Demonstrated ability to manage multiple priorities, work independently, and exercise sound judgment in a complex environment.

Salary

$74,000.00 - $138,000.00

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/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [e-mail] and let us know the nature of your request and your contact information.