Director, Analytics and AI Risk Management Data Risk

Address:

The Director, Analytics and AI Risk Management will be responsible for the implementation and maintenance of BMO’s Analytics Risk and Artificial Intelligence (AI) Risk frameworks. As part of the Data, Analytics, and AI Risk team in the second line of defense, the Director will oversee the identification, assessment, management, monitoring, and reporting of Analytics and AI risk for BMO. The role will act as a key partner in defining an appropriate set of risk-based requirements to oversee evolving technology and innovation and its application.

Specific accountabilities for the role include:

• Advancing Analytics and AI risk management capabilities in the second line of defense to oversee the responsible deployment of new technologies.
• Lead and maintain the 2nd line of defense Analytics Risk Directive and AI Risk Directive ensuring alignment among key stakeholders and with Operational Non-Financial Risk programs.
• Working closely with other 2nd line of defense functions to ensure clear accountabilities for Analytics and AI risk management compared to other frameworks (e.g. model risk management, technology risk).
• Develops centralized expertise within the second line of defense to perform review and challenge of individual use cases for AI deployment at BMO. Serve on various forums and working groups to assess risks of new AI solutions including generative AI.
• Coordinates reviews and inputs from multiple second line of defense partners in assessing risks posed by new AI and generative AI use cases and solutions.
• Networks with industry contacts to gather competitive insights and best practices.
• Monitors and interprets new regulations and assesses impacts to the framework. Establish action plans to meet evolving regulatory expectations as they arise.
• Independently assesses the analytics and AI risk profile (e.g. exposures, material initiatives, systems issues or weaknesses in the control structure).
• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
• Monitors the effectiveness of first line of defense adherence to risk frameworks and highlights issues and recommends changes as required.
• Represents the analytics and AI risk program during internal and external review including from internal audit and regulatory agencies.
• Assesses and adapts existing operational programs; develops new capabilities to ensure ongoing success.
• Oversees assessment of analytics and AI risk pertaining to new business initiatives and third party engagements to identify potential risks and make recommendations or escalate as per guidelines.
• Provides advice and guidance to the first line of defense on implementation of the analytics and AI risk framework, including effective challenge.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically 9+ years of relevant experience as a Technology Leader (Senior Manager or Director) and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Graduate degree in a quantitative field, Computer Science, Business Administration or related field of study preferred.
• Expert knowledge of the impact of analytics and AI on risk management practices and evolving practices in the field.
• Expert knowledge of evolving regulatory requirements impacting analytics and AI.
• 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.

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: https://jobs.bmo.com/global/en/Total-Rewards

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/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.