Manager, Data Risk

Application Deadline :

07 / 30 / 2024

Address : 100 King Street West

100 King Street West

Job Family Group :

Audit, Risk & Compliance

Please note this role is Individual Contributor level.

The Manager, Data Risk, as part of the second line of defense in Operational Non-Financial Risk, will be responsible supporting the Data, Analytics, and AI Risk team in the oversight of Data Risk, and ensuring that strategic advancements in data management are consistent with internal risk management frameworks and meet bank standards.

The role will support the Data Risk Management team in executing its mandate to oversee the first line of defense.

Specifically, the role will support :

• Execute procedures and testing protocols to identify incremental data risk in new products or supplier engagements. Escalate material risks or issues to management for action.
• Support the ongoing execution of the Chief Data and Analytics Officer (CDAO) Forum on a monthly basis including preparation of agenda, materials, and monitoring follow-ups.
• Participate in the ongoing improvement and maintenance of the 2nd line of defense Data Risk Directive ensuring alignment among key stakeholders and with Operational Non-Financial Risk programs.
• Provide input into quarterly senior management reporting on data risks and execute internal procedures to ensure accuracy and completeness of reporting.
• Establish ongoing monitoring of data risk related issues across the Bank and active tracking of issues with transparent reporting to management.
• Conduct independent testing of the first line of defense as outlined in internal procedures to identify areas of concern or issues in alignment with the Data Risk Directive.
• Contribute to ongoing execution of maturity assessments on an ongoing basis leveraging oversight work done within the second line of defense.
• Adjust internal procedures and protocols to align with evolving regulatory expectations and changes to frameworks.
• Support management in preparation for internal and external review on Data Risk including from internal audit and regulatory agencies.
• Broader work or accountabilities may be assigned as needed.

Qualifications :

• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Degree in Information Technology, Computer Science, Business Administration, or related field of study preferred.
• Working knowledge of industry standard maturity assessment programs (e.g. DCAM) is a plus.
• In-depth knowledge of information and technology risk management practices.
• In-depth knowledge of regulatory requirements.
• In-depth knowledge and experience with risk policy frameworks; quality control / testing frameworks.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

Salary :

$74,800.00 - $138,600.00

Pay Type : Salaried

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

We're here to help

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.