This role reports to the MD Operational Resilience Risk Management and is accountable to lead the newly established Second Line of Defense oversight function for Operational Resilience, providing independent governance, challenge, and strategic integration across key risk domains (BCM, 3rd Party, Data, IT, Cyber, etc). The incumbent will be responsible for establishment and execution of a formal 2LOD oversight function for Operational Resilience, ensuring independent challenge and validation of First Line activities across the Bank as it pertains to Operational Resilience (eg. Operational Resilience Critical Business Products & Services inventory and related Impact Tolerance, PSPRA, Issues, Losses, KRI / KRMs, New Product evaluation, 3rd Party onboarding and ongoing oversight). Additionally, reviewing and approving resilience frameworks and risk appetite statements, overseeing scenario testing and control validation, and driving cross-functional alignment with enterprise risk frameworks. This role plays a critical part in ensuring regulatory compliance across all jurisdictions and embedding resilience into the bank’s operational risk posture.
Strategic Oversight & Governance:
Support MD / Lead the establishment and execution of a formal 2LOD oversight function for Operational Resilience, ensuring independent challenge and validation of First Line activities across the Bank as it pertains to Operational Resilience (eg. Operational Resilience Critical Business Products & Services inventory and related Impact Tolerance, PSPRA, Issues, Losses, KRI / KRMs, New Product evaluation, 3rd Party onboarding and ongoing oversight).
Provide expert review and approval of the Operational Resilience Framework and the Operational Non-Financial Risk Appetite Statement, ensuring alignment with OSFI E-21 and other regulatory guidelines.
Cross-Domain Integration:
Drive integration of Operational Resilience oversight across interconnected risk domains (e.g., BCM, TPRM, IT, Data, Crisis Management), ensuring cohesive governance and risk management practices.
Collaborate with Enterprise Risk Management to embed resilience into broader risk frameworks, including Risk Identification, Appetite, and Scenario Testing
Risk Assessment & Control Validation:
Provide Oversight / Credible Challenge for targeted process and control reviews (TPCRs) and Product/Service, Process Risk Assessments (PSPRAs) to identify resilience vulnerabilities and ensure control effectiveness.
Champion the development and monitoring of Key Risk Indicators or Key Risk Metrics specific to Operational Resilience.
Regulatory Alignment & Reporting:
Ensure line of sight and/or adherence to all regulatory requirements as they pertain to Operational Resilience (eg. OSFI E-21, B-10, and B-13) guidelines wherever BMO operates through robust oversight, documentation, and traceability of resilience-related decisions and actions.
Lead the development of executive-level reporting and escalation protocols for resilience-related risks, issues, and events.
Stakeholder Engagement & Advisory:
Act as a trusted advisor to senior leadership, providing strategic input on resilience initiatives and emerging risks.
Facilitate training and awareness programs to promote a resilience-focused culture across the organization.
Continuous Improvement & Assurance:
Commission independent reviews of the Operational Resilience oversight function to ensure objectivity and effectiveness.
Promote continuous improvement in scenario testing sophistication and resilience maturity across the enterprise.
Qualifications:
Typically 9+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Expert knowledge operational risk management practices.
Expert knowledge of the designated business / product portfolio.
Expert knowledge of regulatory requirements.
Expert knowledge of quantitative techniques and economic capital methodologies.
Expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
Seasoned expert with extensive industry knowledge.
Technical leader viewed as a thought leader for innovation.
Verbal & written communication skills - Expert.
Analytical and problem solving skills - Expert.
Influence skills - Expert.
Collaboration & team skills; with a focus on cross-group collaboration - Expert.
Able to manage ambiguity.
Data driven decision making - Expert.
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.
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We’re proud to be the official bank of the Canadian Defence Community – and that goes beyond supporting your financial well-being. We value the skills you’ve earned in the military, and we’re here to help as you move into the next stage of your professional life.
BMO is a top ten North American bank that provides personal and commercial banking, global markets and investment banking services to 13 million customers and clients. Founded in 1817, we’re driven by our Purpose: Boldly Grow the Good in business and life. BMO has established itself as a destination for top talent, with an employee experience that’s built on personalized career development opportunities, a performance-driven winning culture, competitive rewards and benefits, and a deepcommitment to the health and well-being of our people.
If you’re ambitious, curious, creative, and eager to make an impact, you should consider BMO as a place to build your career.
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