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BMO Financial Group Senior Advisor Fraud Risk in Berekely Heights, New Jersey

Address:

200 Connell Drive

Job Family Group:

Audit, Risk & Compliance

Oversees, monitors, and reports on information and technology risks for a designated portfolio. Develops and monitors the risk management and governance framework and practices leveraged across BMO to manage information and technology risks. Develops and monitors adherence to policies, standards, methodologies, and controls that increase transparency, accuracy, and consistency across groups. Works with stakeholders to implement the methodology, metrics, and program standards for the assigned portfolio to ensure compliance, effective monitoring, timely reporting, and identify action plans.

Advisory:

  • Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs

  • Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.

  • Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.

  • Independently assesses the financial crime risk profile e.g. exposures, material initiatives and systems issues or weaknesses in the control structure for the assigned portfolio.

  • Acts as a trusted advisor to assigned business/group.

  • Guides/assists in the identification and classification of issues; recommends action plans.

  • Influences and negotiates to achieve business objectives.

  • Recommends and implements solutions based on analysis of issues and implications for the business.

  • Assists in the development of strategic plans.

  • Identifies emerging issues and trends to inform decision-making.

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

  • Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.

  • Provides strategic input into business decisions as a trusted advisor

  • Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth 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.

  • Interprets new regulations and assesses impacts to the governance framework.

  • Develops reports on the status of the governance program or framework components to various internal & external stakeholder audiences.

Strategy /Strategic Initiatives:

  • Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.

  • Helps determine business priorities and best sequence for execution of business/group strategy.

  • Conducts independent analysis and assessment to resolve strategic issues.

  • Leads the development and maintenance of the governance system and framework.

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

  • Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.

  • Measures the effectiveness of risk governance system and framework; recommends changes as required.

Relationship Management:

  • Ensures alignment between stakeholders.

  • Represents the risk program / governance structure during internal / external regulatory audits and/or examinations

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

Data / Analytics:

  • Breaks down strategic problems, and analyses data and information to provide insights and recommendations.

  • Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards

  • Designs and produces regular and ad-hoc reports, and dashboards.

  • Develops and manages comprehensive information management systems; designs

Communication / Change Management:

  • Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.

  • Assesses education & training needs, development/delivery of training;

  • Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.

  • Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

  • Leads the development of the communication strategy focusing on positively influencing or changing behaviour.

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

Operational Management:

  • Assists with the maintenance, monitoring, measurement & reporting on the status of the financial crime risk governance program and key risk indicators to internal & external stakeholders.

  • Supports the management of governance meetings (e.g. committee, management, board meetings, etc.) as required; facilitates development and approval of agendas, gathering and distribution of documentation related to agendas, and creation of meeting minutes/output

  • Leads or assists in the execution of oversight / governance activities.

  • Leads or assists with the maintenance, monitoring, measurement & reporting on the status of the financial crime risk governance program to various internal & external stakeholder audiences.

  • Supports the management of governance meetings (e.g. committee, management, board meetings, etc.) as required; facilitates development and approval of agendas, gathering and distribution of documentation related to agendas, and creation of meeting minutes/output.

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

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

  • May provide specialized support for other internal and external regulatory requirements.

  • Provides input into the planning and implementation of ongoing operational programs in support of the financial crime risk framework.

  • Leads/participates in the design, implementation and management of core business/group processes

  • Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution

  • Manages the review and sign-off process for relevant regulatory reporting

Qualifications:

  • Typically, 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

  • One or more of the followings preferred: MBA, CA, CMA, CGA, CFA

  • In-depth / expert knowledge of economic, social and political forces, and influence on financial institutions.

  • In-depth / expert knowledge of regulatory requirements.

  • In-depth / expert knowledge & experience with risk policy frameworks.

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

  • 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.

  • Able to manage ambiguity.

  • Data driven decision making – In depth / Expert.

We’re here to help

At BMO Harris Bank 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 Harris Bank 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://bmoharriscareers.com

BMO Harris Bank 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. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

BMO Financial GroupServing customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.

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