VP, Non-Financial Risk & Control, Capital Markets

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BMO Capital Markets is a leading full-service financial services provider. We offer corporate and investment banking treasury management as well as research and advisory services to clients around the world. #bmocapitalmarkets

TheVP Non-Financial Risk & Control Capital Marketsis part of theCapital Markets Operational Risk & Resilience (CM ORR) team. As part of the Capital Markets Office of the Chief Operating Officer (CM OCOO) 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. The candidate will report into the Director Operational Risk & Resilience Capital Markets.

The VP is expected to provide expertise support and resource to drive Non-Financial Risk management. The role is responsible for overseeing non-financial risk exposures specifically within theCapital Markets Front Office applying a portfolio-based approach to identify themes concentrations and emerging threats across products functions and regions. The candidate will be assigned to a portfolio of multiple and interlinked non-financial risk stripes tailored according to their expertise experience and interest. They will work closely with 1st line business risk coverage team the1st Line Centre of Excellence (CoE) and the2nd Line of Defenseto embed a resilient and well-controlled operating environment across global Capital Markets Front Office operations. The candidate will report into the Director Operational Risk & Resilience Capital Markets.

Key Role/Responsibilities:

Portfolio-Level Risk Advisory
The candidate will be assigned to a portfolio of multiple and interlinked non-financial risk stripes tailored according to their expertise experience and interest. They will provide expert risk advisory and oversight of the Capital Markets Front Office non-financial risk profile across businesses functions and geographies identifying and assessing risk concentrations emerging issues and thematic risks. Acting as a trusted advisor they will engage with business stakeholders to promote effective risk management and mitigation strategies.

Risk Reporting & Insight
Develop and deliver clear concise and insightful 1st line risk insight and analysis to senior management and governance forums. Provide strategic risk insights that go beyond the data by answering the so whathighlighting implications emerging trends and recommended actions to support informed proactive decision-making and effective risk oversight.

Stakeholder CoE & Second Line Engagement
Build and maintain strong relationships with Front Office business stakeholders the 1st Line Centre of Excellence (CoE) and the 2nd Line Risk functions to ensure alignment of Capital Markets Front Office risk practices with enterprise risk and resilience frameworks. Serve as a key liaison to facilitate effective communication risk escalation and coordinated risk management activities.

Control Environment Strengthening
Support the design implementation and ongoing effectiveness of key controls related to non-financial risks. Collaborate with business partners to identify control gaps drive timely remediation of issues and implement sustainable enhancements. Promote a culture of continuous improvement by recommending best practices embedding risk awareness and ensuring controls remain aligned with evolving business activities and regulatory expectations.

Risk Initiative /Projects

Execute on any short/long-term projects and initiatives (i.e. Regulatory/Audit Remediation) related to the portfolio.

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.

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.

Qualifications & 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.
• Minimum 7 years of experience in banking or financial services including exposure to 1st line internal control in-business risk management governance and/or 2nd line risk subject matter roles
• Deep expertise in one or more non-financial risk and control areas including but not limited to:
  • Transaction Processing
  • Operational Resilience & Business Continuity
  • Information & Cyber Security
  • Third-Party Risk
  • Fraud Risk
  • Physical Security Risk
  • Accounting/Financial Management
  • Regulatory Compliance & Reputational Risk
• Demonstrated advance technical understanding of Capital Markets Front Office products services and end-to-end business processes
• Proven experience advising and influencing within First Line of Defense functions with a track record of embedding risk ownership in Front Office business teams
• Excellent communication collaboration and relationship management skills across technical and non-technical stakeholders

Base Salary:

CAD $95000 - 120000

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.