Associate, Global Markets Business Control

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The Associate Global Markets Business Control is part of the Capital Markets Operational Risk and Resilience (CM ORR) unit within the CM Risk and Regulatory Service (RRS) group. The candidate will report into the Director Operational Risk & Resilience Global Markets to drive the Operational Risk & Resilience mandate.

The CM ORR team as part of the first line of defense provide internal control support to help Global Markets mitigate Non-Financial Risk (i.e. Operational Risk Business Continuity Management) . The Associate will interact directly with Global Markets stakeholders including senior executives to methodically resolve risk management challenges across a continuum that ranges from simple day-to-day risk issues to highly complex business or regulatory issues. As part of the Capital Markets Office of the Chief Operating Officer the CM ORR unit operates at a quick pace with exceptional quality and high expectations as such the role requires the same pace coupled with high-quality execution of deliverables.

Key Roles & Responsibilities

Operational Risk (40%) - Execute the Operational Risk framework and program requirements for GM to mitigate risk of loss resulting from inadequate internal process people and system controls.

Process Risk & Control Library: Support the trigger update of GM PRC Library to ensure accuracy and completeness.

Operational Risk Assessment: Support the annual Product/Service Process Risk Assessment (PSPRA) for GM business units.

Risk Analytics & Reporting: Develop and maintain risk analytics dashboards KRIs and management reporting to provide actionable insights into emerging risks control weaknesses operational losses and resilience exposures.

Targeted Process and Control Review (TPCR): Support process improvements to reduce operational risk and losses by identifying vulnerabilities strengthening controls and driving efficiency opportunities. Partner with Global Markets businesses Corporate Support Areas and control functions to assess risks evaluate control effectiveness and support practical mitigation strategies.

Operational Risk Event (ORE) & Issue Management: Log any GM ORE/Issue in GRCE in a timely and effective manner.

Projects and initiatives: Support and execute on any short/long-term Operational Risk projects and initiatives (i.e. Regulatory/Audit Remediation) that that impacts GM as required.

Stakeholder Engagement & Executive Support: Prepare executive-level materials risk summaries management reporting and presentation content to support discussions with senior management regulators auditors and governance committees.

Business Continuity Management (60%) - Implement the Business Continuity program for GM to maintain business continuity documentation and facilitate business continuity testing.

Business Continuity Documentation: Responsible for Business Impact Assessment (BIA) Business Continuity Plan (BCP) and Risk Assessment (RA) documentation updates across all GM business units.

Quality Assurance: Partner effectively with enterprise Resilience and Integration (R&I) to aid in Quality Assurance (QA) Review process completion.

Business Continuity Testing: Participate and facilitate Disaster Recovery (D/R) third party/vendor/industry testing Alternate Work Area and BCP Walkthrough.

Projects and initiatives: Support and execute on any short/long-term BCM projects and initiatives (i.e. Regulatory/Audit Remediation) that impacts GM as required.

Operational Resilience: Support the identification and assessment of critical business services dependencies vulnerabilities and resilience capabilities to strengthen Global Markets ability to withstand and recover from disruptions.

The ideal candidate will have the following attributes:

Skills:

• Excellent organizational skills with ability to create/execute a detailed plan for short- and long-term work.
• Build positive stakeholder relationships within Capital Markets and across Corporate Support Areas to garner support advice and partnership that enables execution of the role.
• Communicate effectively (verbal and written) at all levels of the organization including the most senior executives including drafting communications and running calls and meeting. Ability to represent Capital Markets at senior industry discussions with regulators and internal & external auditors.
• Proactive in work and responsibility. Ongoing self-study about Capital Markets emerging regulatory and industry issues BMO business priorities and best practices. Ability to adapt and quickly develop in-depth understanding of new/different initiatives requirements or roles.
• Demonstrated ability to leverage AI-enabled productivity tools data analytics and automation solutions to improve efficiency strengthen control environments and support decision-making.

Personal Attributes:

• Confident team player.
• Problem solver decision maker proposes solutions.
• Motivated self-directed.
• Strong verbal written and interpersonal communication.
• Calm under pressure ability to execute while manage competing priorities.
• Humble ability to laugh at self.
• Anticipate needs and requests.

Education/Experience:

• Undergraduate degree in Business Administration Risk Management Economics Finance and/or relevant background.
• Graduate degree or professional designations in related discipline would be an asset.
• 5 years of Banking/Financial Institution/ Management Consulting experience with relevant Business Risk exposure including but not limited to Operational Risk Business Continuity Regulatory Compliance Cyber Security Third Party Risk Technology Resiliency Legal AML etc.
• Demonstrated technical understanding of Capital Markets products services and systems.
• Knowledge of the various risks and controls associated with Global Markets trading business activities.
• Good understanding of the regulatory landscape and industry practices with respect to Operational Risk Business Continuity Management and Operational Resilience
• Experienced in and effective at responding to and dealing with significant problems and crises.
• Advanced Office Suite proficiency such as Co-Pilot Excel PowerPoint Word Power BI and Visio etc.

The salary range for this role is $100000 up to $105000 CAD (subject to the candidate meeting the specific skills experience education and qualification requirements)

The above represents BMO Financial Groups 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 Groups expected target for the first year in this position.

BMO Financial Groups 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: 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. Well 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 well help you gain valuable experience and broaden your skillset.

To find out more visit us at is committed to an inclusive equitable and accessible workplace. By learning from each others 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.