Manager, Risk Governance

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

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

Bank of Montreal (Chicago) is seeking a senior risk governance professional within the Risk Governance Office to develop and oversee governance frameworks across the enterprise. You will advise on RMF alignment, monitor governance metrics, and coordinate with multiple lines of defense to drive effective governance outcomes.

The role requires 5–7 years in risk, governance, or compliance, with strong analytical and communication skills, able to influence across jurisdictions and functional areas.

Qualifications

• Typically 5-7 years of experience in risk management, governance, compliance, audit, internal controls, 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

Risk governance

Governance frameworks

Regulatory knowledge

Stakeholder management

Analytical thinking

Communication skills

Job description

Application Deadline: 09/01/2026 Address: 338 S. Canal St Job Family Group: Audit, Risk & Compliance

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).

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

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 http://jobs.bmo.com/us/en

Equal Employment Opportunity

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.

Who we are

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.