Lead - Compliance, Audit & Risk (ARC)

Address:

Supports a state-of-the-art, sustainable, defensible operating environment anchored to key risk-governance and regulatory expectations; grow ARC’s culture of proactive, practical risk management; and insulate and defend ARC against the impacts of external scrutiny through a multi-disciplined approach to capturing and sharing knowledge, understanding and mitigating risk, and navigating audits and exams. Supports the business/group leader in the effective implementation, maintenance and administration of first line of defense (1st LOD) programs, including overseeing business operations within the jurisdiction to ensure adherence and efficiency. Contributes to a strong risk management culture through collaboration with other first line employees, and second & third line functions to ensure operational risks are identified, mitigated, monitored and reported on an ongoing basis.

• Makes recommendations to senior leaders on risk-management across ARC and advise leaders on emerging risks to evolve leadership thinking and promote proactive, risk-conscious decision-making
• Capitalize on strategic, proactive partnerships across ARC / Enterprise to drive practical best-in-class risk-management practices
• Engrain foundational Knowledge-Management practices across the business to support a scalable, sustainable operating environment and support proactive regulatory readiness
• Support a sustainable, defensible operating environment by leading the control & evidence backbone for ARC, partnering across ARC and 1B/2LOD partners to develop strong controls and maintain the control library, supporting artifacts, and exam‑ready repositories
• Partnering across ARC to establish and drive sustainable evidence-management practices that support stronger departmental operating effectiveness and proactivity in ARC’s risk-management ecosystem
• Coordinating with Audit & Test management to integrate evidence repositories with engagement-management tooling
• Identifying and communicating control-adoption/development expectations and partnering with control owners to develop strong controls
• Maintaining the ARC Process Risk Controls library and driving PRC-related programs to be executed with a specific cadence.
• Lead ARC’s risk and compliance programs including supporting data & analytics risk framework development, enterprise standard & policy development, KRI development and reporting, and ongoing alignment with policy and regulatory changes.
• Partnering across ARC and the Enterprise to strengthen risk-management and compliance activities, KRI development and reporting, process/procedure documentation, risk assessments, etc.
• Scanning the environment for Data and Analytics regulatory changes and advising on impacts to D&A programs.
• Promoting, and supporting issue self-identification, and leading end-to-end administration of self-identified and compliance issues
• Lead ARC’s integrated audit, testing, and regulatory execution program, orchestrating engagement readiness, and coordinating with Control & Evidence Management to integrate engagement-management tooling with available evidence archives.
• Advising teams and senior leaders on appropriate engagement and issue responses, including action-plan development
• Driving enhancements to ARC’s audit library and engagement-management tooling to support streamlined engagements, consistent responses, and capture lessons learned
• Leading advisory and end-to-end administration of engagement-identified issues
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Bachelor Degree in a relevant discipline and relevant certification in the Risk /Compliance domain
• 7-10 years of relevant experience in Risk & Compliance roles, within a large enterprise and heavily regulated industry
• Experience executing 1LOD risk management responsibilities
• Experience across Risk, Audit Compliance driven by all three lines of defense
• Experience in Audit and Testing, Issue remediation, Monitoring and Reporting, policy changes
• Recent focus on 1B and 2 LOD (review and challenge policy changes), drive execution of key risk and compliance programs (risk assessments, business continuity, operational resilience, stress test, SOX attestations)
• Experience developing controls and standard operating procedures, validating supporting control evidence
• Exposure to Operational Non-Financial Risk, Model Risk Management, T&O Risk
• Excellent knowledge of the Regulatory landscape specific to Financial Industry

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 https://jobs.bmo.com/ca/en.

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.