VP Risk ID, Emerging Risks & Events

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Identifying of Emerging Risks and Events is a critical foundational element of BMOs Risk Management Framework notably to ensure sufficient capital adequacy is maintained during periods of stress. The Risk Identification (Risk ID) team manages critical foundational elements including identification assessment and monitoring of material & emerging risks. The Risk ID program is in the process of executing an optimized target state roadmap which has transformed it to be fully integrated and in harmony with first and second Lines of Defence business as usual (BAU) processes and reporting to deliver a strongly supported material & emerging risk inventory that systematically informs stress test scenario designs. As the Vice President of Emerging Risks & Scenarios you will support our existing and target state emerging risks identification assessment reporting and monitoring process which includes but is not limited to the following:

• Develop and implement a target state emerging risks identification assessment and monitoring process and reporting that is comprehensive efficient structured and is rooted in comprehensive sourcing what-if scenarios and full integration with risk inventory/material risks to deliver dynamic insightful and actionable emerging risk reporting including early warning indicators.

• BAU management of monthly emerging risks process by:

  • being a key point of contact and trusted partner for stakeholders that ensures a highly transparent efficient and structured process/playbook is being executed and

  • delivering quality controlled insightful and actionable reporting to management committees and the Board.

• Develop and implement a robust central system/tool to document update store and report on emerging risk external sources emerging risks inventory and early warning indicators.
  

Qualifications:

• 7 years of relevant Emerging Risks & Events experience at large financial institutions (preferably Global Systemically Important Banks (GSIBs) or Domestic Systemically Important Banks (DSIBs).

• In depth / Expert knowledge of economics risk management modeling/forecasting and/or stress testing.

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

• In-depth / Expert communication and relationship management skills.

• In-depth / Expert ability to manage multiple priorities with effective planning and organizing skills.

• In-depth / Expert verbal & written communication skills.

• In-depth / Expert analytical and problem-solving skills.

• In-depth / Expert influence skills.

• In-depth / Expert collaboration & team skills; with a focus on cross-group collaboration

• In-depth / Expert ability to manage ambiguity.

• Develop and implement a highly efficient consistent and insightful process to map existing and proposed emerging risks to material risks to understand risk inventory coverage and understanding of new and/or evolving emerging risks.

• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.

• Implements changes in response to shifting trends.

• 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.

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.

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 e-mail 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.