Senior Manager, Risk Governance

Bank of Montreal; Chicago (IL); On-site; USD 102,000 - 190,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

Bank of Montreal (BMO) seeks a Senior Manager, Risk Governance to design, implement, and oversee risk governance frameworks that support regulatory compliance and effective risk oversight across the enterprise and CUSO.

You will lead governance standards, provide strategic guidance to stakeholders, build reporting dashboards, and drive initiatives across three lines of defense, shaping risk practices in a large financial institution.

Qualifications

• 7–10 years of experience in risk management, governance, compliance, or related disciplines.
• Strong understanding of governance, risk management, regulatory expectations, and internal control principles within a large financial institution.
• Proven ability to lead cross-functional initiatives and influence senior stakeholders.

Responsibilities

• Lead design, development, and ongoing enhancement of risk governance frameworks, standards, and methodologies.
• Support regulatory examinations, audits, and remediation activities as a governance subject matter expert.
• Develop governance reporting, metrics, dashboards, and management information for executive decision-making.
• Influence across the three lines of defense to drive alignment and effective governance outcomes.

Skills

Governance frameworks

Risk management

Regulatory compliance

Stakeholder influence

Reporting dashboards

Education

Bachelor's degree in a related field

Job description

Application Deadline: 09/14/2026 Address: 338 S. Canal St Job Family Group: Audit, Risk & Compliance

Risk Governance Office (RGO) within Enterprise Risk Management (ERM), which is part of Enterprise Risk & Portfolio Management (ERPM), BMO's second line of defense. 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 Senior Manager, Risk Governance leads the design, implementation, oversight, and continuous enhancement of risk governance frameworks, standards, and practices that support effective oversight, transparency, accountability, and regulatory compliance.

Key Accountabilities

• Leads the design, development, implementation, and ongoing enhancement of risk governance frameworks, standards, methodologies, and supporting guidance.
• Establishes and maintains governance practices that support effective execution of the Risk Management Framework and alignment with regulatory expectations, industry practices, and business strategy.
• Provides strategic advice, governance expertise, and effective challenge to stakeholders on the application and implementation of governance frameworks, policies, standards, and requirements.
• Leads assessments of governance effectiveness and identifies opportunities to strengthen governance practices, oversight activities, operating models, and control environments.
• Oversees the development of governance reporting, metrics, dashboards, and management information, providing insights and recommendations to support executive decision-making.
• Identifies emerging governance, regulatory, and industry trends and translates them into actionable recommendations to enhance governance frameworks and practices.
• Leads complex governance, regulatory, and strategic initiatives, including framework enhancements, implementation activities, stakeholder engagement, communications, and change management.
• Supports regulatory examinations, audits, reviews, and remediation activities, acting as a key governance subject matter expert.
• Develops governance tools, methodologies, and supporting resources that promote consistency, transparency, and effective governance execution.
• Influences senior stakeholders across business groups, corporate functions, and jurisdictions to drive alignment and effective governance outcomes.
• Builds strong partnerships across the three lines of defense and provides leadership on governance-related matters impacting the enterprise.
• Analyzes complex information and exercises sound judgement to identify issues, risks, and opportunities, developing practical and sustainable solutions.

Qualifications

• Typically 7-10 years of experience in risk management, governance, compliance, audit, internal controls, regulatory management, or related disciplines.
• Significant experience developing, implementing, or overseeing governance frameworks, policies, standards, controls, or enterprise oversight programs.
• Strong understanding of governance, risk management, regulatory expectations, and internal control principles within a large financial institution.
• Demonstrated ability to lead complex, cross-functional initiatives and influence senior stakeholders.
• Strong strategic thinking, analytical, problem-solving, communication, and relationship management skills.
• Ability to operate independently and exercise judgement on complex governance, regulatory, and business matters.

Salary: $102,000.00 - $190,000.00 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 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. To find out more visit us at http://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.

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.