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Vice President, Operational Risk

Posted Yesterday

Job Description

Application Deadline:


100 King Street West

Job Family Group:

Business Management

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

Lead the execution of the RRS Operational Risk mandate through the following responsibilities:
  • Lead and ensure the high performance of the NA RRS team in the execution of its mandate Operational Risk Mandate:
    • Prevent operational loss and ensuring the CM business is executed in compliance with applicable regulations by
    • Understanding processes, ensuring effective controls are in place and using data to prevent loss
  • Develop, plan and ensure the execution of Operational Risk Objectives and Key Results aligned with RRS, CM and BMO
  • Understand sources of data generated and the data that is used including transaction, market, economic data, etc. and apply to solve problems
  • Build and maintain an understanding of end-to-end processes in support of operational excellence and resilience.
  • Plan and execute short and long-term work and ad hoc deliverables within given timelines and budget
  • Methodically solve problems across a continuum that ranges from simple day-to-day issues to highly complex business, technical or regulatory issues.
  • Use judgement to effectively resolve conflict and manage competing priorities
  • Actively participate in relevant Committees and forums to represent the RRS mandate
  • Build positive relationships within, GM, I&CB and across Corporate Support Areas in order to garner support, advice and partnership that enables execution of the role
  • Engage with regulators as needed and establish and use your industry network in planning and decision making in the NA.
  • Assist in creating a holistic view of CM's first line non-financial risk profile to enables the business to see a targeted view of their key non-financial risks.
  • Support the development of a process that allows the escalation of key risks to flow to the appropriate executives and committees
  • Bring together the Owners of the risk areas to address risks in a timely and effective manner.
  • Protect the firm from non-financial risks with robust risk governance.
  • Develop or expand the business' inventory of KRIs (key risk indicators) by working with stakeholders in various risk areas to identify and fill reporting metric gaps
  • Identify efficiency opportunities and process improvements by analyzing data; automate and streamline processes and controls in support of creating capacity for further innovation across the team
  • Ongoing self-study about Capital Markets, emerging regulatory and industry issues, BMO business priorities, and best practices
** Note: this role is within the Capital Markets business, in the Office of the Chief Operating Officer. The business operates at a quick pace with exceptional quality and high expectations; as such the role requires the same pace coupled with high quality execution of deliverables.

The role will have high exposure within the business and can lead to attractive future opportunities for a high performer.


The ideal candidate will have the following attributes:

  • Complete accountability for the execution of NA RRS Operational Risk mandate
  • Ability to represent Global Markets at internal committees, with regulators, with internal & external auditors and industry forums
  • Develop controls and safeguards to identify and manage risk, mitigate loss or damage
  • Excellent understanding of complexity of transactions and related risk (credit, market, operational, legal/compliance, etc.)
  • Ability to:
    • Develop tools and methods to increase transparency in the group's risk-taking activities
    • Interpret and answer business questions, using various tools and data (e.g. data analytics, trend analysis)
    • Recognize problems, propose solutions and execute on them; quick learner
    • Create/execute a detailed plan for short and long term work; multiple plans consecutively
    • Ensure that key insights are supported by accurate data and research
    • Investigate opportunities for increasing efficiency in their regular responsibilities and projects and their value add to the business, including cost/benefit
    • Adapt and quickly develop in-depth understanding of new/different initiatives, requirements, or roles
    • Produce high quality budgeting and financial work
    • Smoothly lead calls and meetings
    • Develop, lead, influence, and challenge direct reports
    • Manage resources effectively; think strategically about resource usage: financial and human
Personal Attributes
  • Service oriented, team player; Confident, leader
  • Problem solver, decision maker, proposes solutions
  • Motivated, self-directed; Anticipate needs and requests
  • Strong verbal, written and interpersonal communication
  • Calm under pressure, ability to execute while manage competing priorities
  • Humble, ability to laugh at self
  • Undergraduate degree, graduate degree preferred
  • 5+ years related work experience
  • Advanced understanding of Capital Markets and/or complex financial institutions processes and business activities.
  • Familiar with Physical Commodities trading, especially risk associated with physical metals or energy trading.
  • Knowledge of best practices in leadership, people management, and career development
  • Knowledge of regulatory requirements in Financial Svcs, including AML, Supervision, Op Risk
  • Consistently focuses on learning more, and keeping up with regulatory changes/advancements
  • Exceptional knowledge of how operational risk can be used to create business value
  • Understanding of interconnected across BMO
Compensation and Benefits:

$68,000.00 - $126,000.00

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:

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.

About BMO

THERE’S NEVER BEEN A BETTER TIME TO BE PART OF BMO. We’ve set our sights on being the bank that defines great customer experience. Our customers’ needs are changing and so are we. Everyone who works here has a role to play in making a difference for our customers. Every day. It’s an amazing feeling when you know you’re making a customer’s life better, and you can do it at BMO – whether you’re imagining a new product, designing a customer experience, streamlining an application, launching a marketing campaign or just being there in a very human way with the right answer.


Banking & Finance

Company Size

10,000+ employees

Application closing date is 2024-08-22

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