Senior Manager, Operational Non-Financial Risk Methodology and Framework

Application Deadline :

12 / 30 / 2024

Address : 100 King Street West

Job Family Group :

Audit, Risk & Compliance

The Operational Non-Financial Risk (ONFR) Methodology team, within the second line of defense, is responsible for the development and maintenance of the ONFR policy framework documents (such as policies, standards, handbooks, guidelines, etc.). Through policy development and implementation, the incumbent will define in the methodology how the non-financial risk framework is executed and the associated risks are managed, monitored, and reported across the enterprise.

The position will lead the end-to-end policy development / update lifecycle from drafting, to socializing for stakeholder feedback, to publication, to training, to serving as a subject matter expert on select policy framework documents and implemented programs. The position will also review and partner on broader ONFR documentation updates.

• Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
• Acts as a subject matter expert on relevant policy framework documents.
• Collaborates effectively with colleagues within the second line (including Legal and Regulatory Compliance) and with the first line of defense.
• May network with industry contacts to gain competitive insights and best practices.
• Interprets new regulations and assesses impacts to the internal controls governance framework / program.
• Influences and negotiates to achieve business and risk management objectives.
• Provides strategic input into business decisions as a trusted advisor.
• Identifies emerging issues and trends to inform decision-making.
• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
• Measures the effectiveness of risk methodology and framework; recommends changes as appropriate.
• Conducts independent analysis and assessment to resolve strategic issues.
• Leads the development and maintenance of the internal controls governance system and framework.
• Acts as the prime subject matter expert for internal / external stakeholders.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Leads the development of the communication strategy focusing on positively influencing or changing behaviour.
• Supports change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Leads and integrates the monitoring, measurement & reporting on the status of the internal controls governance framework / program to internal & external stakeholders.
• Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
• May provide specialized support for other internal and external regulatory requirements.
• Leads in the design, implementation and management of core business / group processes.
• Develops governance and control-related solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance on the implementation of the ONFR methodology and framework, including effective challenge.
• Reviews processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls.
• Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary.
• Coordinates and participates in the execution of oversight / governance activities including reporting; assessment of education & training needs, development / delivery of training; development and execution of regulatory administration processes & procedures; management of review / updates to policies, etc.
• Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative / regulatory directives and guidance.
• Builds effective relationships with internal / external stakeholders.
• Ensures alignment between stakeholders.
• Analyzes data and information to provide insights and recommendations.
• Documents the internal control governance system, processes and framework to describe compliance requirements, activities, processes, roles & responsibilities.
• Develops tools, checklists and communications to address gaps, issues and new requirements.
• Monitors and tracks performance; addresses any issues.
• Operates at an enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• Broader work or accountabilities may be assigned as needed.
• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
• Ensures alignment between values and behaviour that fosters diversity and inclusion.

Qualifications :

Salary :

92,400.00 - $171,600.00

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 :

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.

To find out more visit us at .

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters : BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.