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Senior Advisor, Environmental & Social Risk

Toronto, ON
Full Time
100 King Street West

Job Family Group:

Audit, Risk & Compliance

If you're looking for your next dream job, consider this one in BMO's ERPM Risk group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture.

Provides oversight, monitoring and reporting on the identification, assessment, monitoring and control of Environmental & Social (E&S) risk. Develops and maintains the E&S risk management framework that includes the governance framework and practices. Focus on data and solutions that support the E&S risk management framework. Maintains E&S policies, standards, methodologies and controls with a focus on the data needed to increase transparency, accuracy and consistency across groups. Executes decision rights within the governance framework and works with stakeholders to implement the E&S risk methodology, metrics and program standards to ensure compliance as well as effective monitoring, timely reporting and identification of action plans.
  • Administers and maintains E&S risk program activities in adherence to all policies, procedures and established processes for risks taken within the E&S Risk Appetite of the Bank.
  • Identifies potential E&S risk situations/ impacts and make recommendations or escalates as per decision rights frameworks and guidelines and identifies data requirements as appropriate.
  • Assists with the interpretation of new or changing regulations and assessing impacts to the E&S risk programs and governance frameworks, including data requirements; recommends and implements solutions based on analysis of issues and implications for the business.
  • Develops and maintains in-depth knowledge of business and related E&S risk management requirements and legislative/ regulatory directives and guidance.
  • Researchs existing or emerging requirements & related best practices and develops recommendations for changes/enhancements.
  • Initiates and facilitates productive forums, where stakeholders can discuss, debate, and decide on key risk concerns.
  • Builds effective relationships with internal/external stakeholders e.g. Operating Groups, Corporate Services, other 2nd line groups, in providing 'second line of defense' information and E&S risk management support.
  • Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.
  • Maintains tools and templates for E&S risk programs and standards as required
  • Monitors and tracks performance; addresses any issues.

Specific Accountabilities, in the context of E&S Risk:
  • Acts as a trusted advisor to assigned business/group.
  • 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, including a data strategy to support E&S risk management.
  • 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.
  • Supports development and execution of strategic initiatives and new products development process in collaboration with internal and external stakeholders.
  • Recommends business priorities, advises on resource requirements, including data needs, and develops roadmap for strategic execution.
  • Leads the execution of initiatives/programs; assesses and adapts as needed to ensure quality of execution.
  • Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.
  • Leads work to define business requirements for analytics & reporting to ensure data insights inform business decision making.
  • Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
  • Supports the maintenance, monitoring, measurement & reporting on the status of the E&S risk governance programs and key risk indicators to internal & external stakeholders.
  • Coordinates and monitors the review and sign-off of attestations and reporting.
  • Supports the management of governance meetings and content (e.g. committee, management, board meetings, etc.); facilitates development and approval of agendas, content, gathering and distribution of documentation related to agendas, and creation of meeting minutes/output.
  • Directs the planning & implementation of operational programs for an assigned risk portfolio / strategy and executes within required service level agreements and standards.

  • Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
  • In depth / Expert knowledge of risk management, audit, compliance, governance practices and the data required to support.
  • In-depth / Expert knowledge of business and regulatory environment and understanding of E&S risk issues / trends and best practices.
  • Knowledge of banking products, including credit and non-credit experience, economics and financial markets.
  • In-depth / Expert communication and relationship management skills.
  • Ability to manage multiple priorities with effective planning and organizing skills.
  • 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, including experience driving data strategies and requirements- In-depth / Expert.

We're here to help

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 .

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.