Director, Portfolio Control Manager - Risk ID & Appetite

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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

Job Summary: The Director – Portfolio Control Manager - Risk ID & Appetite role will play a critical role in identifying, assessing, and managing potential risks in collaboration with Capital Markets business units. The role will work closely with senior leadership, the business units, and our 2nd line risk partners to establish and monitor Capital Market’s risk appetite, ensuring alignment with strategic objectives and regulatory requirements.

Key Responsibilities:

Risk Identification:

• Conduct regular materiality assessments of Capital Markets’ risks leveraging BMO’s risk taxonomy and risk identification process across all business units.
• Assist in identifying CM data sources for use in data-driven methodologies for quantifying financial, non-financial and transverse risks.
• Monitor for emerging risks and ensure they are accounted for in the risk identification inventory.

Risk Appetite Development and Management

• Ensure Capital Markets complies with BMO’s risk appetite framework.
• Ensure that CM’s risk appetite is integrated into business planning, strategy, and decision-making processes.
• Collaborate with senior leadership to define and communicate Capital Markets’ risk appetite and tolerance levels through quantitative measurements (i.e., KRMs).
• Monitor actual risk exposures with the established risk appetite and provide recommendations for adjustment when necessary.

Risk Reporting and Analysis:

• Work with Business Unit and Business Risk & Control functions to establish, monitor and refresh KRIs.
• Prepare risk profiles for senior management leveraging key risk metric (KRM) and key risk indictor (KRI) data in conjunction with qualitative insights.
• Ensure risk mitigations plans are in place and actioned when KRMs and KRIs exceed tolerance levels.
• Establish clear risk escalation protocols.

Collaboration and Stakeholder Engagement:

• Work closely with cross-functional teams to properly identify, assess, and manage our risks through enterprise programs such as Risk ID and Risk Appetite
• Engage with internal and external stakeholders including auditors, regulators, and industry experts to keep abreast of emerging risks and best practices.
• Participate in employee training sessions on risk management when required.

Continuous Improvement:

• Continuously improve the risk identification process and provide feedback into the 2nd line provided tools to ensure they provide valuable and relevant risk information to executives and business units and are effective in identifying risk in rapidly changing business environment.
• Stay current with industry standards, regulations, and best practices.

Qualifications:

• Proven experience in risk management, risk governance, business management, or a related field.
• Professional certifications such as Financial Risk Manager (FRM), Certified Risk Manager (CRM) or similar is an advantage.
• Proven experience with 2nd line programs such as risk ID and risk appetite
• Strong understanding of risk appetite frameworks, risk tolerance levels and governance practices
• Excellent analytical, problem-solving, and decision-making skills.
• Effective communication and presentation skills with the ability to engage and influence stakeholders at all levels of the organization.
• Ability to work independently and manage multiple priorities in a demanding environment.

Work Environment:

• This position typically operates in an office environment with a geographically dispersed team.
• Occasional travel to support activities.

Compensation:

The salary range for this role is $160,000 up to $190,000 USD (subject to negotiation and subject to the candidate meeting the specific skills, experience, education, and qualification requirements).

Salary:

Pay Type:

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

About 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.  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 http://jobs.bmo.com/us/en

BMO 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 BMOCareers.Support@bmo.com 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.