BMO Financial Group Audit Director, Enterprise IT Infrastructure in Chicago, Illinois
Conducts audit engagements to critically assess the Bank’s internal control processes within the technology infrastructure, network, computer operations, and IT development activities. The Director is responsible for reviewing and approving the scope of each audit, including the planning and timing of the audit, its execution quality and audit reports. Audit reports must provide clear, concise, and value-added commentary on issues to reduce the technology risk to the Bank and assist management in fulfilling their strategic objectives.
The Director will manage a team of auditors and guide their career progression, training and development while promoting a collaborative positive work environment. The Director is also responsible for validating the IT audit universe, risk assessing each auditable entity to determine their frequency of coverage, identifying emerging technology/tools and possess a comprehensive understanding of the regulatory environment where we operate. The Director should be comfortable in assessing the operating effectiveness of IT general controls over the Bank’s various operating environments (e.g., Unix/Linux, Windows, Mainframe, iSeries).
Audit work provides assurance to the Board of Directors and senior management on the quality of internal control systems and reduces the risk of loss and reputational damage to the Company. The audit team provides an independent assessment on the quality and effectiveness of internal controls, risk management, and related governance processes to support senior management and the Board to protect BMO and its reputation. The following key attributes are critical to the success of this role:
Fosters a culture aligned to BMO’s purpose, values, and strategy.
Ensures alignment between the Bank’s values and behaviour to foster diversity and inclusion.
Collaborate with stakeholders across functional and operating groups to create an industry leading control environment.
Attracts, retains, and enables the career development of top talent.
Improves team performance, recognizes and rewards performance, coaches’ and mentors employees, supports their development, and manages poor performance.
Acts as trusted advisor to management of business/group on risk, governance and internal controls.
Meets regularly with business/technology stakeholders to identify changing strategies, tactics, and initiatives to assess the impact to the risk environment.
Networks with industry peers to gather competitive insights and best practices.
May advise or serve on various committees and task forces.
Advises the Chief Auditor of T&O on resource requirements and develops roadmap for strategic execution.
Interface with external stakeholder relationships (e.g., KPMG or regulators).
Monitors and tracks staff performance and resolves any issues.
Collaborates across BMO to develop communications strategies and ensure consistency of messaging, to positively influence or change behaviour.
Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Ensures that all audits for which the role is responsible are conducted effectively and efficiently to the high standards set out by the Corporate Audit, outcomes of which are confirmed through the Audit's Quality Assurance Program and/or regulatory examination results.
Ensures Corporate Audit KPIs are met.
Motivates continued high performance by enhancing and executing Corporate Audit People Strategy including skill transformation and career development.
Enhances Competency Self-Assessment and Individual Development Plan view of skills and knowledge.
Recommends modifications to division training to address real time and evolving needs identified through self assessments, QA reviews, emerging trends, and regulatory expectations.
Recommends changes as needed to team structure, succession planning, to enable effective completion of overall Corporate Audit mandate.
Executes audits in full recognition of the risks of the group that encompass the inherent risks, control risks and internal/external environment and regulatory risks. This may encompass individual audits and broader capstone audits of Enterprise level functions/processes.
Conducts advisory engagements and other engagements as required.
Determines impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services.
Identifies and evaluates the impact of new and emerging technology and technology risk on the organization’s processes and control environment.
Utilizes data analytics in advisory engagements to improve quality and efficiencies.
Develops an awareness of business strategies, policies and standards providing meaningful insights based upon knowledge and research which will continue to improve the Enterprise management and control processes.
Maintains the independence of the audit practice and its personnel.
Develops insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance, risk and control processes based on audit work performed. Deliverables must be objective, clear, concise and timely.
Identifies control deficiencies and provides a fair and balanced assessment of their magnitude.
Maintains working knowledge of the industry, regulatory, broad economic environment, and internal environment, as to the development of new strategies and plans, opportunities and risk, to obtain an understanding of the control environment.
Ensures that all audit procedures executed are conducted in accordance with Corporate Audit Methodology as confirmed by its Quality Assurance program and/or regulatory examination results.
Applies sound judgement in the execution of the assigned work and ensures open lines of communication.
Develops and maintains good working relations with key stakeholders.
Actively monitors change management initiatives and identifies potential risks.
Actively participates and supports Corporate Audit change initiatives.
Maintains and enhances professional audit qualifications in line with industry standards.
Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO.
Influences how teams/groups work together.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.
Communicates abstract concepts in simple terms.
Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives.
Anticipates trends and responds by implementing appropriate changes.
Broader work or accountabilities may be assigned as needed.
Typically, 12+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Professional designations or business designation such as CIA, CISA, CPA, CISSP, CRISC.
Seasoned expert with extensive industry knowledge.
Technical leader viewed as a thought leader for innovation.
Verbal & written communication skills
Analytical and problem-solving skills
Collaboration & team skills; with a focus on cross-group collaboration
Able to manage ambiguity
Data driven decision making
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://jobs.bmoharris.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.
Note to Recruiters: BMO Harris Bank does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO Harris Bank, directly or indirectly, will be considered BMO Harris Bank property. BMO Harris Bank 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.