Manager, Enterprise-third-party Risk Management

This opportunity will allow you to work on excitinginitiativeswithin operational non-financial riskwithvisibilityto leaders within our organization. Working within a dynamic teamfocused on Third-Party Risk Management, and with 1st and 2nd line subject matter experts (SMEs), you will be responsible for supportingthe development and maintenance of2ndline Third-Partyrisk relatedreporting,the creation, maintenanceandmonitoring ofriskmetrics,andotheroversight activitiesacross theThird-Party Risk Management portfolio.

Mandate:

As part of the 2ndline of defense, this role supports the following primary accountabilities of the Enterprise Third-Party Risk Management Team:

• Provide input into business decisions as a trusted advisor.

• Make recommendation to leaders on strategy and new initiatives, seeking understanding of business/group to support recommendations.

• Support maintenance and oversight of the Third-Party Risk Management Framework and other related requirements used across the enterprise to ensure Third-Party Risks are appropriatelyidentified, assessed, managed,monitored, and reported.

• Support maintenance of regulatory oversight over Third-Party risk.

Responsibilities:

• Foster a culture aligned to BMO purpose, values and strategy and role model BMO values and behaviours in all that they do.

• Ensure alignment between values and behaviour that foster diversity and inclusion.

• Regularly connect work to BMO’s purpose, set inspirational goals, define clear expected outcome, and ensure clear accountability for follow through.

• Develop andmaintainin-depth knowledge ofthird-partyrisk management andapplicablelegislative/ regulatoryrequirementsand guidance.

• Performs and/or effectively challenges across various programsincluding third-partyissues&events, 1stLine monitoring & testing activities, and 1stLine reporting metrics.

• Manage 2nd Lineindependentmonitoring program which includes reporting against various metrics across the third-party lifecycle.

• Conducttargeted reviews with accompanying analysis for any metrics outside of tolerance and/or with worsening trends.

• Support with the completion quarterly and annual risk reporting scorecards withaccuratedata driven insightsfor internal/external stakeholders.

• Analyze data and informationon a continuous basisto provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.

• Identifiespotential risk situations/impacts andmake recommendations or escalates to theteam.

• Developsand maintainsTPRMvisualizations/dashboards toimprovevisibility of informationand support data driven decision making.

• Support with the review of new/updated metrics (KRMs, KRIs and risk drivers) and associated thresholds.

• Manage the collection of TPRM Committee materials and minutes, and sharedmailbox.

• Coordinate andmonitorthe review and sign-off of reporting, whererequired.

• Participate in initiatives and recommend opportunities for improved efficiency,effectivenessand/or riskmitigation.

• Supports team with any ad hoc requests, internal and external examination requests, andprojects.

• Maintain documentation of all 2ndLine TPRM processes and proceduresincludingtoolsand templates for operational riskprograms,asrequired.

• Build effective relationships with internal/external stakeholders.

• Coordinate the management of databases; ensures alignment and integration of data in adherence with data governance standards.

• Provide specialized consulting, analytical and technical support.

• Exercise judgment toidentify, diagnose, and solve problems within given rules.

• Work independently and regularly handles non-routine situations.

• Broader work or accountabilities may be assigned as needed.

• May provide specialized support for other internal and external regulatory requirements.

Qualifications:

• Between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Deep knowledge and experience with segmenting, analyzing, and reporting risk related data.

• Strong analytical skills to gather relevant information, compare andidentifytrends, develop conclusions with well-supported recommendations.

• Experience with compiling and validating materials for updates atsenior levelforums and/or committees

• Expertinreport automation and efficiency through visualization tools (ie: Microsoft PowerBI)

• Familiar withoperational risk management practicesand methodologies

• Familiar with financial products and services

• Deep knowledge and technicalproficiencygained through extensive education and business experience.

• Strongcommunicationskills, both verbal and written.

• Ability to build and foster stakeholder relationships.

• Excellent analytical andproblem-solvingskills, with any eye for detail.

• Strongproficiencywith PowerBI, Python, PowerPoint, Excel,and SharePoint.

• Familiar with Governance, Risk, and Control (GRC) toolssuch as RSA Archer

• Ability for work on multiple tasks accurately