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Director, Enterprise Risk Reporting Relationship Management

BMO Financial Group

This is a Contract position in Toronto, ON posted October 27, 2020.

Address:

100 King Street West

Job Family Group:

Data Analytics & Reporting

Mandate

  • Overall management of all aspects of risk reporting, analysis and disclosure, including monthly, quarterly and annual presentations and reports to senior risk committees (Risk Management Committee, Risk Review Committee), Performance Monitor with the CEO, the Board, the Audit Committee, enterprise regulators, rating agencies and the investor community.
  • Responsibility for the development, implementation and ongoing management of the governance processes in risk reporting.
  • Manage the design, standardization, quality assurance and validation processes for risk reporting.
  • Ensure preparedness of Chief Risk Officer (CRO) for Board, senior executive, regulatory, rating agency and analyst meetings.
  • Oversee the management of the Board and senior executive risk committee meetings. 

Supports the execution of accurate and efficient reporting solutions for risk, regulatory and management information to internal and external stakeholders including regulatory bodies. Supports an efficient and effective risk management function which uses common information sources and practices, reduces ongoing costs, increases service level performance and minimizes risk.

  • Manages people and leads a team capable of delivering the desired business results.
  • Acts as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives
  • Develops an expert understanding of business/group challenges.
  • Networks with industry contacts to gather competitive insights and best practices.
  • Recommends measures to improve organizational effectiveness.
  • May consult to or serve on various committees and task forces.
  • Interprets new regulations and assesses impacts to the risk reporting strategy/program framework.
  • Influences and negotiates to achieve business objectives.
  • Identifies emerging issues and trends to inform decision-making.
  • Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
  • Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
  • Measures the effectiveness of risk reporting program/strategy; recommends changes as required.
  • Conducts independent analysis and assessment to resolve strategic issues.
  • Leads the development and maintenance of the risk reporting framework.
  • Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.
  • Represents the risk reporting function during internal/external regulatory audits and/or examinations
  • Ensures alignment between stakeholders.
  • Designs and produces regular and ad-hoc reports, and dashboards.
  • Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
  • Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
  • Assesses and adapts existing operational programs; develops new capabilities to ensure ongoing success.
  • Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
  • May provide specialized support for other internal and external regulatory requirements.
  • Provides input into the planning and implementation of ongoing operational programs in support risk reporting management framework.
  • Leads/participates in the design, implementation and management of core business/group processes.
  • Designs, develops, and implements reporting solutions to meet management and regulatory reporting requirements.
  • Provides advice and guidance to assigned business/group on implementation of analytical and reporting solutions.
  • Executes work to deliver timely, accurate, and efficient service for scheduled reporting production processes.
  • Supports the maintenance, monitoring, and measurement of key risk indicators to internal & external stakeholders.
  • Analyses data and information to provide risk-related insights and recommendations for the assigned portfolio e.g. capital at risk modeling, risk/return assessments, etc.
  • Supports the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate e.g. regulatory reporting.
  • Works with various data owners to discover and select available data sources from internal sources and external vendors (e.g. lending system, payment system, external credit rating system) to fulfill analytical needs.
  • Ensures strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards.
  • Analyzes data and highlights significant information including variances, trends, opportunities and exposures; escalates as required.
  • Provides information and supports the process for internal and external audits.
  • Gathers and formats data into regular and ad-hoc reports, and dashboards.
  • Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
  • Builds effective relationships with internal/external stakeholders.
  • Supports the maintenance of operational procedures and processes related to analytical and reporting processes.
  • Supports the development of tools and delivery of training focused on awareness and understanding of key data elements used in risk reporting.
  • Participates in the design, implementation and management of core business processes to ensure the accuracy of risk data used in reporting.
  • Organizes work information to ensure accuracy and completeness.
  • Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO.
  • Influences how teams/groups work together.
  • Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.
  • Communicates abstract concepts in simple terms.
  • Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives.
  • Anticipates trends and responds by implementing appropriate changes.
  • Broader work or accountabilities may be assigned as needed.

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 of risk management metrics, KPIs and KRIs.
  • Expert knowledge of industry trends and regulatory requirements for risk reporting.
  • Expert product knowledge for the designated business/portfolio.
  • Expert knowledge of risk management theory, processes and portfolio management reporting techniques.
  • Expert knowledge of reporting & analytics concepts and applications.
  • Expert knowledge of risk systems technology.
  • 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.

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 https://bmocareers.com.

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.