Senior Manager, Global Third-Party Risk Management, ...

Application Deadline: 11/03/2024 Address: 320 S Canal Street Job Family Group: Procurement Global Third-Party Risk Management (GTPRM), a business unit of BMO's Procurement team and a first line of defense Center of Excellence (COE), owns and governs the Third-Party Risk Management Program (TPRM Program). As part of sound risk management, the TPRM Program identifies and assesses the risks associated with each Third-Party relationship and conducts risk management practices (Due Diligence, Contracting & Ongoing Monitoring), commensurate with the Bank's organization's size, complexity, and risk profile and with the nature of each Third-Party relationship. Job Description: GTPRM is seeking a professional in risk management with experience and strong skills in supporting corporate and risk governance frameworks and programs, regulatory exams and reviews, audits. The individual will be responsible for exam and audit response management, remediation activities and strategic contributions to strengthen the end to end Third Party Risk Management Program, contributing to a high-performance risk centric culture. Working with engaged 1st and 2nd line subject matter experts (SMEs), you will be responsible for supporting Third-Party Risk Management Program regulatory requirements, exams, and audits. This is an individual contributor position reporting to the GTPRM Director, Regulatory & Audit Interactions. Key responsibilities: Assist in the maintenance of Third-Party Risk (TPR) Program ensuring alignment to existing and emerging regulatory requirements and guidelines related to Third Party risk in all major BMO operating jurisdictions (Canada, US, UK, Asia). Support GTPRM and various lines of business units in participation of internal and/or external audit, exams, and reviews, including but not limited to coordinating/facilitating the compilation, consolidation, interpretation, submission of timely and accurate documentation. May serve as point of contact for GTPRM engaging with regulators or regulatory matters, examiners, and auditors. Coordinate timely and accurate responses and activities for ad hoc regulatory and audit matters. Contribute to remediation planning and management; may actively engage on remediation activities, ensuring accurate and timely delivery of action plans. Identify potential vulnerabilities and recommend mitigation strategies. Assist in providing regular updates to senior management on the status of the Third-Party risk management program and activities. Assist in the development of strong oversight and controls to ensure GTPRM remains in compliant with all regulatory, audit and 2nd line of defense requirements; may lead and/or support changes as required. Conduct impact assessment of key regulatory changes. Prepare regulatory, board, and committee presentations. Acts as a subject matter expert on relevant Third-Party related regulations and policies. Create and maintain TPRM documentation and procedures in the area of expertise. May conduct assessment and validation of new TPRM Program processes/process improvements. Identify potential risk situations/impacts and make recommendations or escalate to the senior manager. Liaise with internal and external groups building relationships; may network with industry contacts to gain competitive insights and best practices. Ensures alignment between values and behaviour that fosters diversity and inclusion. Breaks down strategic problems, and analyses data and information to provide program insights and recommendations. Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine. Broader work or accountabilities may be assigned as needed. Basic Qualifications: Bachelor's degree, or equivalent work experience 5+ years of experience in Risk Management, Financial Services, Process Improvement, or related field In lieu of a degree, 8+ years of experience in Risk Management, Financial Services, Process Improvement, or related field Preferred Skills/Experience 5-8 years industry-related experience (TRPM, Compliance, or Operational Risk Management); strong understanding of the Financial Services Industry (issues, trends, etc.) Strong experience in Third-Party Risk Management (TPRM) Strong knowledge of regulatory requirements and TPRM industry trends TPRM related industry certification Experience with TPRM systems/tools Excellent analytical, project and planning skills Excellent communications skills (written and verbal) Excellent interpersonal skills and ability to work well in a team environment collaborating across diverse groups (lines of business and business partners, including governance and oversight functions -1st and 2nd Line of Defense) Proficiency in MS Office suite Working Conditions The work covers all of BMO Financial Group and the TPRM Program is Enterprise wide The role is hybrid with expectations of being in the office per the requirements of the business unit and is subject to change. Salary : $100,000.00 - $185,500.00 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: 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. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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.

Created: 2024-11-05