Senior Manager, Enterprise Third-Party Risk Management

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This Senior Manager role within the Enterprise Third-Party Risk Management (TPRM) team provides a unique opportunity to shape the design and evolution of the enterprise TPRM Framework, while delivering strong 2nd Line Operational Risk oversight across the third-party lifecycle. You will collaborate with senior leaders, subject matter experts, and cross-functional partners to strengthen our risk management ecosystem and ensure adherence to regulatory expectations.

As part of the TPRM team, you will actively contribute to:

- Designing, enhancing, and maintaining the enterprise-wide TPRM Framework, including policies, standards, assessment methodologies, and lifecycle requirements.

- Ensuring alignment of TPRM practices with regulatory expectations.

- Providing 2nd Line Operational Risk oversight and effective challenge over Line-of-Business third-party risk-taking activities.

- Ensuring adherence to the Enterprise Operational Risk Management Framework.

- Support the development and implementation of the Third-Party Risk Management Framework, Standards, and supporting guidance used across the enterprise.

- Strengthen TPRM methodologies for identification, assessment, monitoring, and reporting of third-party risks.

- Provide insight into emerging regulatory requirements, industry practices, and evolving risk trends.

- Collaborate with Technology, Cyber, Data and AI Risk Management SMEs, Operational Risk Officers, and others to ensure comprehensive integration of Third-Party Risk

- Deliver 2nd Line oversight and effective challenge on Line-of-Business third-party activities, ensuring risks are appropriately identified, assessed, managed, monitored, and reported.

- Review and challenge high-risk engagement assessments, due diligence, control effectiveness, monitoring outcomes, and issue remediation.

- Evaluate adequacy of KRIs, dashboards, and reporting used to monitor third-party risk exposures.

- Provide subject matter expertise during operational risk events involving third parties.

- Support development of enterprise reporting for Third-Party Risk, including dashboards, committee reporting, and trend analysis.

- Analyze internal and external data sources to identify risk themes, patterns, and insights.

- Contribute to enhancements in automation, data quality, and business intelligence capabilities.

- Support regulatory exams and supervisory engagements involving Third-Party Risk.

- Interpret regulatory changes and support the communication of expectations to impacted stakeholders.

- Aid in preparation of responses, documentation, and remediation actions associated with findings.

- Build strong relationships with 1st and 2nd Line business partners involved in Third-Party and Operational Risk activities.

- Partner with Procurement, Technology, Cybersecurity, Data and AI, and Operational Risk teams to align oversight practices.

- Promote a culture of transparency, challenge, and continuous improvement.

- Undergraduate degree required; graduate degree or professional certification (e.g., CRVPM, CRISC, CISM, ORM) preferred.

- 7-10+ years of combined experience in Operational Risk Management, Third-Party Risk, Vendor Risk, or related risk disciplines.

- Strong experience in 2nd Line oversight and effective challenge.

- Deep understanding of Third-Party Risk lifecycle processes and associated regulatory expectations.

- Exposure to cyber or technology risk oversight is a strong advantage.

- Strong analytical, reporting, and communication abilities.

- Ability to manage multiple priorities, influence stakeholders, and drive meaningful improvement.

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

About Us

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.