Senior Manager Risk Appetite

Address:

Job Family Group:

Are you an analytical thinker with a passion for Risk Management and Risk Appetite and Metric Program design Join our team as a Senior Manager in Enterprise Risk Appetite and play a crucial role in ensuring our Companys risk appetite is well articulated measured monitored escalated and reported. This role is a key contributor to the design development and of the Risk Appetite program for the Company.

Key Responsibilities:
Risk Appetite and Risk Metric Program Building:

• Design Risk Appetite requirements for the Company across Risk Appetite program elements including Risk Appetite Setting Metric Measurement Metric Monitoring & Breach Management Action Planning and Reporting.

• Clearly document requirements in policies standards and procedures as necessary.

• Define accountabilities and responsibilities for Risk Appetite activities including governance oversight and challenge.

• Understand and integrate Risk Appetite with other risk programs including Strategic Planning Capital Planning Risk Identification etc.

• Define processes for how Risk Appetite is integrated between various organizational levels (e.g. Enterprise and Line of Business).

• Distinguish between Risk Appetite Metrics Key Risk Indicators and other metric types.

• Develop tools templates guidance and other infrastructure to facilitate consistent and thorough of the Risk Appetite program by stakeholders.

• Serve as key contact / Subject Matter Expert with all Risk Appetite stakeholders within 1st 2nd and 3rd line of defense ensuring seamless delivery of change management communication and training on enhanced Risk Appetite program across three lines of defense.

Metric Identification Design and Development:

• Ensure the bank has a comprehensive set of metrics covering all organizational risks including credit & counterparty credit market liquidity & funding operational compliance environmental and social (including climate) strategic and reputational.

• Properly define calibrate and set thresholds for risk metrics using quantitative and qualitative methods

• Be able to work with SMEs to leverage their expertise to develop meaningful risk metrics.

Oversight and Challenge:

• Ensure Enterprise Risk Appetite and Risk Metric Policies Standards and Procedures are adhered to.

• Ensure consistent of the program across risk types lines of business enterprise functions legal entities and subsidiaries.

Risk Appetite Program Implementation and (assist as necessary):

• Coordinate and facilitate the annual refresh process of reviewing and updating Risk Appetite (Qualitative Statements and Quantitative metrics) across the Company.

• Communicate the Enterprise Risk Appetite to Business Group Heads and CROs.

• Prepare and facilitate quarterly Senior Management Committees and Boards reporting of risk profile against Risk Appetite.

• Escalate breaches and action plans to Senior Management Committees and Boards commensurate with the severity of the breach.

• Maintaining a central repository/inventory to house relevant Risk Appetite information including reporting metric measures procedures etc.

What Were Looking For:
Experience: Proven experience in Risk Appetite and or Metrics Program building Metrics Identification and Development and risk management.

Expertise in Risk Management: Strong understanding of Risk Management and Risk Governance at large complex financial institutions including the Risk Management Lifecycle and key risks including credit market operational regulatory/compliance etc.

Quantitative Skills: Ability to work with and interpret large data sets; experience in quantitative analysis pertaining to credit risk market risk liquidity risk and or nonfinancial risks; understanding of Data Management and Risk Data Aggregation and Risk Reporting requirements.

Communication and Relationship Management: Excellent skills to present complex findings and manage relationships to influence widespread change.

Independence: Ability to work independently and lead activities.

Intellectual curiosity: natural drive and ability to become a subject matter expert on relevant topics develop skills and improve performance independent of formal or informal training or onthejob experience.

mindset: ability and attitude to be able to execute tasks and produce high quality work products within defined timelines.

Critical thinking and ability to synthesize: ability to independently analyze complex information from a variety of sources in great detail in order to drive novel ideas that drive the program forward

Attention to detail: ability thoroughly analyze work products to ensure exceptionally high quality taking into consideration all relevant inputs.

If youre looking for your next dream job consider this one in BMOs Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprisewide risks working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs

The role:

• 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.

• Regularly connects work to BMOs purpose sets inspirational goals defines clear expected outcomes and ensures clear accountability for follow through.

• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.

• Attracts retains and enables the career development of top talent.

• Improves team performance recognizes and rewards performance coaches employees supports their development and manages poor performance.

• Provides strategic input into business decisions as a trusted advisor.

• Makes recommendations to senior leaders on strategy and new initiatives based on an indepth understanding of the business/group.

• Acts as a subject matter expert on relevant regulations and policies.

• May network with industry contacts to gain competitive insights and best practices.

• Recommends business priorities advises on resource requirements and develops roadmap for strategic .

• Leads the of initiatives/programs; assesses and adapts as needed to ensure quality of .

• Acts as the prime subject matter expert for internal/external stakeholders.

• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.

• Leads change management programs of varying scope and type including readiness assessments planning stakeholder management evaluation and sustainment of initiatives.

• Directs the planning & implementation of operational programs for an assigned risk portfolio / strategy and executes within required service level agreements and standards.

• Leads and integrates the monitoring measurement & reporting on the status of the risk governance program to internal & external stakeholders.

• Leads the management of governance meetings and maintenance of governing body mandates oversight and approval guidelines

• Administers and maintains risk program activities in adherence to all policies procedures and established processes for risks taken within the Risk Appetite of the Bank.

• Identifies potential risk situations/ impacts and make recommendations or escalates as per decision rights frameworks and guidelines.

• Assists with the interpretation of new or changing regulations and assessing impacts to the risk programs and governance frameworks; recommends and implements solutions based on analysis of issues and implications for the business.

• Develops and maintains indepth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.

• Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.

• Initiates and facilitates productive forums where stakeholders can discuss debate and decide on key risk concerns.

• Builds effective relationships with internal/external stakeholders e.g. business stakeholders and Corporate Support Areas (CSAs) in providing second line of defense information and risk management support.

• Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.

• Maintains tools and templates for risk programs and standards as required (e.g. Risk Control Self Assessment (RCSA) SarbanesOxley (SOX); business continuity planning standards and policies etc.

• Monitors and tracks performance; addresses any issues.

• Operates at a group/enterprisewide 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 nonroutine.

• Implements changes in response to shifting trends.

• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically 7 years of relevant experience and postsecondary degree in related field of study or an equivalent combination of education and experience.

• In depth / Expert knowledge of risk management audit compliance governance practices.

• Indepth / Expert knowledge of business and regulatory environment and understanding of risk issues / trends and best practices.

• Knowledge of banking products including credit and noncredit experience economics and financial markets.

• Indepth / Expert communication and relationship management skills.

• Ability to manage multiple priorities with effective planning and organizing skills.

• Seasoned professional with a combination of education experience and industry knowledge.

• Verbal & written communication skills Indepth / Expert.

• Analytical and problem solving skills Indepth / Expert.

• Influence skills Indepth / Expert.

• Collaboration & team skills; with a focus on crossgroup collaboration Indepth / Expert.

• Able to manage ambiguity.

• Data driven decision making Indepth / Expert.

Salary:

Pay Type:

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 parttime roles will be prorated 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 performancebased 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 indepth training and coaching to manager support and networkbuilding opportunities well help you gain valuable experience and broaden your skillset.

To find out more visit us at is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race religion color national origin sex (including pregnancy childbirth or related medical conditions) sexual orientation gender identity gender expression transgender status sexual stereotypes age status as a protected veteran status as an individual with a disability or any other legally protected characteristics. We also consider applicants with criminal histories consistent with applicable federal state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an email to and let us know the nature of your request and your contact information.

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.