Associate, Operational Risk & Resilience

01/22/2025

Address:

100 King Street West

Business Management

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

We are hiring two Associate positions for the following Operational Risk & Resilience teams.

1. Investment & Corporate Banking (I&CB)

2. Capital Markets Office of the Chief Operating Officer (OCOO)

The Associate, Operational Risk & Resilience is part of the Capital Markets Operational Risk and Resilience (CM ORR) unit within the CM Risk and Regulatory Service (RRS) group. The candidates will report into the VP, Operational Risk & Resilience for I&CB and VP, Operational Risk & Resilience for OCOO respectively to drive the Operational Risk & Resilience mandate.

The CM ORR team, as part of the first line of defense, provide internal control support to help business mitigate Non-Financial Risk (i.e., Operational Risk, Business Continuity Management). The Associate will interact directly with Business Stakeholders including senior executives, to methodically resolve risk management challenges across a continuum that ranges from simple day-to-day risk issues to highly complex business or regulatory issues. As part of the Capital Markets Office of the Chief Operating Officer, 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.

Key Roles & Responsibilities

Operational Risk - Execute the Operational Risk framework and program requirements to mitigate risk of loss resulting from inadequate internal process, people, and system controls.

Process Risk & Control Library: Support the trigger update of business unit’s PRC Library to ensure accuracy and completeness.

Operational Risk Assessment: Support the annual Product/Service, Process Risk Assessment (PSPRA) for business units.

Key Risk Indicators (KRI): Support the development or expansion the business inventory of KRIs by working with stakeholder in various risk areas to enhance risk governance.

Targeted Process and Control Review (TPCR): Support process improvement to prevent Operational Risk Event (ORE) and Loss by identifying vulnerabilities, enhancing key controls, and creating efficiency opportunities via TPCR.

Operational Risk Event (ORE) & Issue Management: Log any ORE/Issue in GRCE in a timely and effective manner

Projects and initiatives: Support and execute on any short/long-term Operational Risk projects and initiatives (i.e., Regulatory/Audit Remediation) that that impacts business units, as required.

Business Continuity Management - Implement the Business Continuity program to maintain business continuity documentation and facilitate business continuity testing.

Business Continuity Documentation: Responsible for Business Impact Assessment (BIA), Business Continuity Plan (BCP), and Risk Assessment (RA), documentation updates across all business units

Quality Assurance: Partner effectively with enterprise Resilience and Integration (R&I) to aid in Quality Assurance (QA) Review process completion.

Business Continuity Testing: Participate and facilitate Disaster Recovery (D/R), third party/vendor/industry testing, Alternate Work Area, and BCP Walkthrough.

Projects and initiatives: Support and execute on any short/long-term BCM projects and initiatives (i.e., Regulatory/Audit Remediation) that impacts business units, as required.

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.

Education/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.

• 5+ years of Banking/Financial Institution/ Management Consulting experience with relevant Business Risk exposure, including, but not limited, to Operational Risk, Business Continuity, Regulatory Compliance, Cyber Security, Third Party Risk, Technology Resiliency, Legal, AML, etc.

• Demonstrated technical understanding of Capital Markets products, services, and systems.

• Knowledge of the various risks and controls associated with Capital Markets’ business activities.

• Good understanding of the regulatory landscape and industry practices with respect to Operational Risk, Business Continuity Management, and Operational Resilience

• Experienced in and effective at responding to and dealing with significant problems and crises.

• Advanced Office Suite proficiency, such as, Excel, PowerPoint, Word, Power BI and Visio, etc.

$54,500.00 - $101,500.00

Salaried

The above represents BMO Financial Group’s 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 Group’s expected target for the first year in this position.

BMO Financial Group’s 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: https://jobs.bmo.com/global/en/Total-Rewards

We’re here to help

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. We’ll 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, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s 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.