Manager, Legal Risk
Posted 13 hours ago
Job Description
Application Deadline:
03/26/2026
Address:
100 King Street West
Job Family Group:
Audit, Risk & Compliance
The BMO Legal Business Unit is seeking a highly organized Risk [Administration] Manager to help manage, document, and strengthen its risk and control environment. This role supports how the Legal team identifies risks, maintains controls, tracks remediation, and prepares governance risk reporting for senior Legal leaders.
The Risk Administration Manager will also provide administrative support to the Legal risk specialty area - BMO's lawyers are the independent oversight team responsible for reviewing and challenging how legal risk is assessed and managed. This oversight function provides legal risk effective challenge across roughly 280 business units enterprise-wide. Legal Business Unit relies on this manager role to coordinate and monitor that effective challenge process.
This role is ideal for someone who enjoys structured governance work, working with senior Legal leaders, and translating enterprise risk expectations into clear, actionable steps. A background in Legal Risk from a financial institution is preferred.
What You Will Do
Risk & Control Management
$75,900.00 - $141,900.00
Pay Type:
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
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 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.
03/26/2026
Address:
100 King Street West
Job Family Group:
Audit, Risk & Compliance
The BMO Legal Business Unit is seeking a highly organized Risk [Administration] Manager to help manage, document, and strengthen its risk and control environment. This role supports how the Legal team identifies risks, maintains controls, tracks remediation, and prepares governance risk reporting for senior Legal leaders.
The Risk Administration Manager will also provide administrative support to the Legal risk specialty area - BMO's lawyers are the independent oversight team responsible for reviewing and challenging how legal risk is assessed and managed. This oversight function provides legal risk effective challenge across roughly 280 business units enterprise-wide. Legal Business Unit relies on this manager role to coordinate and monitor that effective challenge process.
This role is ideal for someone who enjoys structured governance work, working with senior Legal leaders, and translating enterprise risk expectations into clear, actionable steps. A background in Legal Risk from a financial institution is preferred.
What You Will Do
Risk & Control Management
- Maintain and update the Legal Business Unit's inventory of risks, controls, and internal processes within the enterprise governance system
- Monitor new enterprise-wide risk and control requirements and identify which apply to the Legal Business Unit
- Design new risk controls and recommend practical updates to existing controls based on control testing results. Coordinate review with internal stakeholders
- Draft updates for Legal owned process documents, guides and job aids
- Support the update and stakeholder review of the Legal Risk Directive
- Serve as the primary point of coordination with the legal risk specialty area that provides effective challenge to Business Unit's assessment of Legal Risk in their processes
- Manage effective-challenge workflows, including responding to inquiries, clarifying the definition of legal risk, and addressing or escalating disagreements to resolution
- Provide clear explanations to senior leaders about the rationale behind challenge points and how they impact Legal's risk profile
- Ensure that alignment of legal risk ratings, control descriptions, and documentation meet oversight expectations and support the Legal Risk Directive.
- Record issues identified by legal teams, internal audit, or risk partners.
- Working with legal stakeholders, draft action plans, monitor remediation progress, coordinate validation, and follow through to closure
- Support improvements to internal controls when remediation requires redesign or process changes
- Partner with enterprise testing teams to support scheduled reviews of Legal Business Unit controls
- Review and challenge test scripts and results where appropriate
- Conduct quarterly quality checks of selected Legal Business Unit processes and prepare clear documentation of results
- Lead the annual risk assessment process for the Legal Business Unit.
- Update risk ratings, coordinate internal challenge and review steps, and summarize the results
- Prepare the year-end summary for Legal leadership that outlines Legal's overall risk assessment, key changes, and any untested or ineffective controls.
- Develop and manage the quarterly reporting calendar for the Legal Business Unit
- Prepare consolidated quarterly summaries that highlight testing outcomes, risk assessment updates, and outstanding issues
- Send communications to stakeholders to keep risk activities on track and ensure deadlines are met
- Risk related policy review
- Provide practical guidance to lawyers on completing risk-related tasks, understanding system workflows, and interpreting reports
- Maintain stakeholder contact lists for risk-related responsibilities
- Create or update training materials that explain legal risk responsibilities in clear, approachable terms
- Attend internal Risk team working and training sessions.
- 5-7 years of experience in risk management, compliance, audit, or legal operations, ideally from a consulting firm
- Strong understanding of risk frameworks, control development, control testing practices, and issue management
- Excellent communication skills, with the ability to explain risk concepts to non-technical audiences
- Strong organization and documentation skills with comfort managing quarterly and annual cycles
- Experience summarizing complex governance information for senior leadership
$75,900.00 - $141,900.00
Pay Type:
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
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 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.
About BMO
Industry
Banking & FinanceCompany Size
10,000+ employees
Application closing date is 2026-05-10
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