If you’re looking for your next dream job, consider this one in BMO’s ERPM Risk group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture. #ERPMDreamJobs
As a Senior Advisor, you will provide governance and oversight on OSFI’s Basel Capital Adequacy Reporting (BCAR) end-to-end process. You will be responsible for negotiating and documenting the end-to-end process expectations and accountabilities for BCAR stakeholders, monitoring and reporting on BCAR issues and unadjusted errors to the quarterly BCAR Pre-Release Meeting with the CFO & CRO and other forums, and facilitating dialogue, transparency and accountability among BCAR stakeholders through executive forums.
Drives clarity in accountability by negotiating and assigning 1st and 2nd line responsibilities.
Executes governance oversight by initiating and facilitating productive forums, where stakeholders can discuss, debate, and decide on key concerns related to BCAR governance.
Refreshes and maintains the BCAR attestation framework in the context of regulatory and internal changes.
Reports and escalates issues and unadjusted errors to senior management through the monthly Operating Group CFO/CRO results review and signoff meetings, Risk & Finance Enterprise Capital Forum, and other relevant meetings
Effectively challenges risk assessments undertaken by 1st line to ensure compliance with OSFI’s Capital Adequacy Requirements (CAR).
Negotiates with stakeholders to reach resolution on complex, contentious regulatory capital issues.
May network with industry contacts to gain insights and best practices on BCAR Governance Oversight Program.
Identifies potential risk situations/ impacts and make recommendations or escalates as per decision rights frameworks and guidelines.
Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
Applies expertise and creative and independent thinking to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Implements changes in response to shifting trends.
Broader work or accountabilities may be assigned as needed.
Qualifications:
Typically 7+ years of risk management experience in the financial industry and post-secondary degree.
One or more of the following preferred: MBA Finance, CA, CFA, FRM.
In-depth knowledge of regulatory capital requirements, OSFI’s CAR guidelines and Implementation Notes and BCAR requirements or Basel Committee on Banking Supervision’s Minimum Capital Requirements.
Knowledge of products, services and activities and their regulatory capital and BCAR implications.
Understanding of systems and technology issues related to BCAR.
Expert communication and relationship management skills.
Ability to manage multiple priorities with effective planning and organizing skills.
Verbal & written communication skills - Expert.
Analytical and problem-solving skills - Expert.
Influence skills - In-depth.
Collaboration & team skills; with a focus on cross-group collaboration - Expert.
Able to manage ambiguity.
Data driven decision making – In-depth.
Compensation and Benefits:
$110,000.00 - $157,050.00
The base salary represents BMO Financial Group’s hiring range for this position. Actual salaries will vary and will be based on various factors, such as location, skills, experience, and qualification for the role. Salaries for part-time roles will be pro-rated based on number of hours regularly worked.
Base salary is one component of BMO Financial Group’s total compensation package for employees, which may include performance-based incentives, commissions or 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: www.bmousbenefits.com .
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://jobs.bmo.com/us/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. 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.