BMO Financial Group Senior Manager, Risk Management in Chicago, Illinois
111 W Monroe - 115 S LaSalle
Job Family Group:
This role joins the Exams, Audits & Monitoring team and will focus on leading the development of an enhanced monitoring program for US Personal & Business Banking as well as assisting the team in leading other risk projects and exam/audit activity as needed.
The role includes the assessment and continued enhancement of first line monitoring activities in support of various risk focus areas, including operational risk and compliance risk. This role builds upon risk simplification work to leverage enhanced end to end risk assessments to drive appropriate control activities, including evaluating ongoing monitoring of those controls and the interplay with testing activities. The role will lead the evaluation of current monitoring activities throughout US P&BB to ensure they are embedded in the day to day management of the businesses and leveraging business as usual management reporting and control activities. This role will help ensure there is a direct correlation between risk assessment activities and how it drives monitoring activities, as well as ensuring there is no or minimal duplication with first and second line activities. The role will also support the manager who ensures testing is optimized and aligned with teams that perform control testing and quality testing on behalf of US P&BB. This role will partner closely with management, key staff, and risk professionals in retail lending, indirect lending, retail payments, deposits and business banking.
The individual will lead the development of a strategy to assess current monitoring activities, determine the intersection with testing, and propose a more efficient and effective risk-based approach to monitoring. This is a dynamic function that will require flexibility, building strong partnerships, designing and developing management reporting, and being a driver of change.
The individual will also get involved in other first line risk activities and projects, such as product and service delivery, assisting/leading exams/audits, and other critical risk projects.
Specific duties include:
Developing and executing a program to evaluate current monitoring activities, the intersection with testing activities, partnering with risk and business teams, and driving toward a more efficient and effective monitoring program.
Evaluating the most cost-effective options for conducting monitoring activities.
Assisting in evaluating the product and service delivery model to support overall risk management and risk monitoring.
Developing and maintaining management reporting.
Assisting the exam and audit team in leading exams/audits or individual requests as needed.
Working with the sales practices and employee transaction monitoring team to understand their monitoring in relation to the overall monitoring program.
Other risk and compliance projects as needed.
Knowledge and Skills:
Bachelor’s Degree required, advanced degree and applicable certifications beneficial
3-5 years in risk, compliance, or operational risk preferred.
Prior consulting experience a plus
Excellent people, communication and collaboration skills
Project management skills beneficial
Excellent organizational skills to handle many competing priorities simultaneously
Staying current on developing regulatory requirements impacting the monitoring programs
Expertise in MS Office, including, excel and power point
Excellent analytical skills required
This position will require the ability to work extended hours as required to meet deadlines and accommodate some business travel as necessary.
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.
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.