Senior Manager, Audit and Regulatory Interactions (Hybrid)
Senior Manager, Audit and Regulatory Interactions (Hybrid)
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Application Deadline:
Address:
33 Dundas Street WestJob Family Group:
The Audit & Regulatory Interactions Team (ARI) acts as a central point of contact for Technology & Operations (T&O) audit and regulatory interactions by partnering with key line of business points to provide direction and guidance related to internal and external audits and examinations ensuring awareness and mitigation of potential areas of risk. The ARI Team also provides T&O insights and guidance on trends and themes of regulatory importance.
MANDATE
This role is heavily focused on management of T&O regulatory exams and audits. The Senior Manager will collaborate with all three lines of defense across T&O (Enterprise/Canada U.S. and International jurisdictions) to provide support and guidance on exams and audits. This will involve leading pre-readiness/debrief sessions performing deep dive reviews and providing ongoing constructive feedback/challenge regarding materials documents to be submitted to regulators to ensure accurate consistent and high quality materials are delivered for final exam and audit submissions. Other tasks associated with this role include managing audit and exam calendars providing centralized executive and governance level insights reporting participating in knowledge sharing exercises and aligning interaction activities with testing and readiness assessments.
ACCOUNTABILITIES
- Assists the Audit & Regulatory Interactions (ARI) team and the broader corporate risk functions in executing against a defined interaction model related to T&O audits exams remediation and retest activities.
- Oversees and reviews pre-exam activities such as the coordination of documentation completion of information asks and coordination of exam preparation meetings.
- Facilitates gathering of regulatory and audit deliverables.
- Leads internal efforts including recommendations and follow-ups to compile required documentation to support examiner and audit meetings.
- Provides Director ARI supporting the Financial Crimes Unit (FCU) and other key stakeholders with ongoing updates/status of exams and audits including any issues.
- Facilitates meetings with the remediation teams and assists in drafting management responses for regulatory and audit findings as necessary.
- Tracks and reports any examination remediation activities to facilitate regulatory updates.
- Reviews results of exams tracking any noted themes and trends that can be applied across T&O.
- Prepares and provides updates as required to applicable steering committees regulators Corporate Support Areas and risk management committees/forums.
- Continuously works to establish a culture of understanding the purpose behind regulatory and audit directed decisions and expectations.
- Continuously looks for process enhancements/streamlining opportunities both internally to ARI and across the the audit and exam lifecycle in support of our 1A partners.
- Serve as first level support to the rest of the ARI FCU team members.
- Assists on supplemental projects and activities as needed (e.g. creation of internal audit and exam playbooks and templates).
CROSS-FUNCTIONAL RELATIONSHIPS
This job requires the incumbent to interact either directly or indirectly with the following processes and/or groups:
- Regulators (Federal Reserve Board Office of the Superintendent of Financial Institutions Office of the Comptroller of the Currency etc.)
- Corporate Audit
- External Audit
- T&O Leadership
- T&O Governance Risk Compliance and Central Testing Teams and Leadership
- Enterprise Risk Management
- Enterprise Regulatory Office
- US T&O Governance
KNOWLEDGE AND SKILLS
Knowledge:
- Possesses a university degree/college diploma in related discipline(s) or equivalent work experience and/or 8-10 years experience in Regulatory Compliance and/or Risk Management.
- Experience leading or assisting with examinations.
- Experience assisting with regulatory remediation activities.
- Solid knowledge of BMO and the banking industrys risk types.
- Solid knowledge of the BMOs policies and procedures in relation to internal controls risk and compliance.
- Solid understanding of BMOs legal and managerial organizational structure and regulatory implications.
- Solid knowledge of Cyber Security / Technology capabilities and controls a plus.
- Proficient knowledge and experience with Microsoft Office including Outlook Word PowerPoint Excel Teams Co-Pilot Chat as well as maintenance of Spotfire reporting.
Skills:
- Advanced written and verbal communication skills.
- Advanced decision and risk analysis skills.
- Attention to detail and critical thinking skills.
- Solid relationship management and leadership skills.
- Ability to influence and create a sense of urgency as required.
- Highly developed meeting facilitation presentation and negotiation skills.
- Team player who is self-motivated and goal oriented.
- Ability to develop implement and manage change.
- Cyber/Technology audit risk compliance related certifications a plus
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 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.
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.
Required Experience:
Senior Manager
Employment Type
Full-Time
