Director, Wealth Data Governance

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Role Mandate

The Director Wealth Data Governance is accountable for leading the Wealth Management Data Governance function and defining and executing a strategy aligned to Wealth CDAO priorities and the Enterprise Risk Framework. Accountable for the overall Wealth data risk posture and governance maturity the role operates within a federated Data Owner operating model thus requiring an understanding of data stewardship vs accountability across the Wealth lines of business. The Director ensures a risk-based proportionate approach to data governance data usage and data risk management especially when applied to analytics output and positions data as a strategic asset through robust governance data quality and risk practices that support business objectives regulatory compliance and customer outcomes.

Key Accountabilities

Strategy & Business Alignment

• Define and execute the Wealth Data Governance strategy aligned with Enterprise objectives and regulatory expectations
• Align governance priorities to Wealth CDAO strategy and business goals
• Lead the evolution of governance scope to incorporate emerging data risk domains (e.g. analytics data usage data management for AI )

Risk & Control Management

• Own and oversee data risk management practices in alignment with the Enterprise Risk Framework and ONFRMF requirements
• Establish and maintain a robust control environment governing data risk and appropriate data usage taking a risk-based and proportionate approach

Deliver aggregated data risk reporting to support senior management and risk committee oversight

Governance Framework & Operating Model

• Establish and maintain Wealth-specific data governance frameworks standards and processes
• Ensure alignment with Enterprise data policies and consistent adoption across Wealth businesses (Private Wealth Canada Insurance InvestorLine Asset Management Burgundy Data Foundation)
• Drive integration of governance practices into business processes and decision-making

Data Quality & Assurance

• Define and oversee data quality management and control practices to ensure data is fit for purpose across critical use cases
• Establish control frameworks that provide assurance over data accuracy integrity and lineage
• Ensure data supports accurate financial and regulatory reporting sound decision-making and positive customer outcomes

Stakeholder Management & Influence

• Partner with senior business and functional leaders to embed data management practices across Wealth
• Act as a trusted advisor on data governance risk and regulatory matters
• Drive alignment across federated data owners and stakeholders

People Leadership

• Build and lead a high-performing accountable team
• Foster a culture of continuous improvement innovation (including using AI) and strong risk discipline
• Develop team capabilities (technical and soft skills) to support evolving governance and data risk requirements

Success Measures

• Improved data risk posture and control effectiveness
• Strong audit and regulatory outcomes with timely remediation
• Measurable improvement in data quality (accuracy completeness timeliness)
• Increased and sustanined adoption and maturity of data governance practices across Wealth
• Delivery of consistent actionable data risk reporting to senior leadership
• High-performing team with strong engagement capability growth and stakeholder satisfaction

Qualifications

Experience

• 10 years experience in financial services data governance data management or risk management

• Demonstrated experience implementing enterprise data governance and data risk frameworks
• Post secondary education or equivalent experience.

Core Competencies (Director Level)

• Strategy & Business Acumen (Expert)
• Risk Management & Control Effectiveness (Expert)
• Data Governance & Data Management (Expert)
• Stakeholder Influence & Communication (Expert)
• People Leadership & Talent Development (In-depth)

Technical / Functional Expertise

• Data governance frameworks metadata management data lineage and data quality management
• Experience with data management tools (e.g. Informatica Alation Manta) and a comfort with the application of AI to data management
• Strong data-driven decision-making capability

• lities may be assigned as needed.
• Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role in line with our Risk Culture and within our approved Risk Appetite making sound and risk informed decisions that align to business strategy protect assets and adhere to applicable policy documents (Frameworks Policies Standards Procedures and Supporting documents) laws and regulations.

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.

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