Manager, Business Processes - Control and Compliance

Application Deadline :

07 / 30 / 2024

Address : 250 Yonge Street

250 Yonge Street

Job Family Group :

Audit, Risk & Compliance

The Manager, Business Processes, Control and Compliance will be responsible to oversee Market Risk compliance program as a 2b function.

As part of the Market Risk Governance team in the second line of defense, the Manager will maintain the Market Risk PRC, manage the regulatory inventory, critically assess the unit's internal controls and coordinate the BCP plan.

The individual will require to collaborate with various stakeholders within 1st and 2nd line of defense.

Specific accountabilities for the role include :

• Working closely with Market Risk functions and acts as a trusted advisor with internal / external stakeholders.
• Executes M&T, communicates outcomes, prepares test results report and recommends action plans (if any issue is identified).
• Reviews processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls.
• Assists in the development and maintenance of the M&T plan and regulatory inventory
• Update BCP plan, communicates the plan and coordinates testing
• Assists in the development and maintenance of the Market Risk PRC (documents the internal control governance system, processes and framework to describe compliance requirements, activities, processes, roles & responsibilities, etc...)
• Assist with internal / external regulatory audits and / or examinations (as needed)
• Prepare decks for various Forum and / or Committee
• 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 quarterly reports (CRO attestation, SOX attestation)
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative / regulatory directives and guidance.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Provides quality assurance, advice and guidance to the 2a Market Risk function on governance related topics, including effective challenge.
• Broader work or accountabilities may be assigned as needed.

Qualifications :

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Experience in risk management, audit, compliance and / or governance is preferred.
• Professional designations such as CPA, preferred
• Knowledge of Market Risk and Front-Office
• In-depth knowledge & experience with risk policy frameworks and control testing
• Verbal & written communication skills - In-depth / Expert
• Collaboration & team skills - In-depth / Expert
• Analytical and problem solving skills - In-depth / Expert
• Influence skills - In-depth / Expert
• Ability to manage ambiguity
• Data driven decision making - In-depth / Expert

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.