Senior Manager - Global Markets Operational Risk

Date limite pour présenter sa candidature :

Adresse :

Groupe de famille d'emploi :

Key Competencies

• Strong critical thinking and problem-solving capabilities.
• Ability to balance technical understanding with risk management judgment.
• Comfort navigating complex stakeholder environments.
• High integrity and commitment to robust control standards.

• Review trading incidents, system outages, and near-misses; provide independent analysis and require remediation where necessary.

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
• Ensures alignment between values and behaviour that fosters diversity and inclusion.
• Regularly connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
• Attracts, retains, and enables the career development of top talent.
• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
• 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 governance 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 governance system and framework; recommends changes as required.
• Conducts independent analysis and assessment to resolve strategic issues.
• Leads the development and maintenance of the governance system and framework.
• Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.
• Represents the model validation program / portfolio for 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.
• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads the development of the communication strategy focusing on positively influencing or changing behaviour.
• 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.
• Manages the review and sign-off process for relevant regulatory reporting.
• Leads and integrates the monitoring, measurement & reporting on the status of the operational risk governance program to internal & external stakeholders.
• Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
• May provide specialized support for other internal and external regulatory requirements.
• Provides input into the planning and implementation of ongoing operational programs in support of the operational risk framework.
• Leads/participates in the design, implementation and management of core business/group processes.
• Administers and maintains operational risk program activities in adherence to all policies, procedures and established processes.
• Identifies potential risk situations/ impacts, and make recommendations or escalates to the manager, as per guidelines.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
• Builds effective relationships with internal/external stakeholders e.g. business stakeholders and Corporate Support Areas (CSAs) in providing ‘second line of defense’ operational risk management support.
• Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of attestations and reporting.
• Maintains tools and templates for operational risk programs (e.g., Risk Control Self Assessment (RCSA), Sarbanes-Oxley (SOX) or regulatory compliance), as required.
• 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 10+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Expert knowledge operational risk management practices.
• Expert knowledge of the designated business / product portfolio.
• Expert knowledge of regulatory requirements.
• Expert knowledge of quantitative techniques and economic capital methodologies.
• Expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• 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 Operational Risk Manager will serve as a key member of the 2nd Line of Defense providing oversight, monitoring and reporting on operational risks for the firm’s Capital Markets businesses, with specific responsibility for overseeing operational risk for Electronic Trading (eTrading) activities. This oversight accountability includes the governance framework & practices leveraged across BMO to manage operational risks. Provides policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance as well as effective monitoring, timely reporting and identification of action plans.

In addition, other Global Markets products, this role provides independent risk oversight across algorithmic trading, electronic market-making, low-latency trading, connectivity, and related technology and control frameworks. The ideal candidate combines deep capital markets product knowledge with a strong understanding of electronic execution platforms, trading controls, and the regulatory environment.

Key Accountabilities:

1. Independent Risk Oversight & Challenge - This role will be accountable for the development, oversight, and maintenance of the E-Trading Operational Risk Enterprise Standard, ensuring alignment with regulatory expectations and industry best practices. in addition to the insuring adherence to the operational management framework that includes the governance framework & practices leveraged across BMO to manage operational risks. And will provide effective 2LOD oversight of front-office electronic trading activities across Equities, Fixed Income, FX, and/or Commodities. In addition to challenging first-line risk assessments, control effectiveness, and governance processes related to:

• Algorithmic trading design and deployment
• Pre-trade and post-trade controls
• Kill-switches, throttles, drop-copy feeds
• Market access controls (SEC Rule 15c3‑5, MiFID II article 17, etc.)

2. Risk Identification, Assessment & Monitoring - Lead thematic risk assessments covering electronic execution, latency-sensitive strategies, venue connectivity, model-driven trading, and infrastructure resilience. Conduct 2LOD review of new electronic trading products, venues, platforms, and algorithms. And evaluate risks associated with:

• Algo parameter governance
• Market data integrity and latency
• Smart order routing behavior
• High-volume messaging
• Third-party vendor systems and APIs

Develop and enhance 2LOD monitoring tools and dashboards for electronic trading activity, analyzing key risk indicators (KRIs) related to: Messaging rates; Reject rates; Latency metrics; Algo performance anomalies; Control trigger activity; and adherence to limits, escalation thresholds, and automated control performance.

3. Controls, Issue Management & Regulatory Interaction - Evaluate and challenge first-line Process, Risks and Controls (PRC), Controls Monitoring and Testing, and oversee remediation of electronic-trading-related issues, ensuring timely and sustainable resolution. Provide support for any regulatory inquiries related to algorithmic trading systems, system stability, and control effectiveness.

Required Qualifications

• 10+ years of experience in operational risk, electronic trading, trading technology, or a related control function within a financial institution.
• Strong understanding of:
  • Algorithmic trading workflows
  • Market structure and microstructure
  • FIX protocols and order lifecycle
  • Low-latency trading infrastructure
• Familiarity with relevant regulatory requirements (e.g., SEC 15c3-5, MiFID II, Reg SCI, CFTC requirements).
• Ability to analyze technical documentation such as trading system architectures, control maps, and algo specifications.
• Excellent communication skills and ability to challenge senior front-office stakeholders.

Preferred Qualifications

• Experience in a 2LOD or 3LOD risk or audit function.
• Exposure to:
  • Equities, FICC, or multi-asset electronic trading
  • Market access gateways
  • Smart order routers and execution algorithms
• Understanding of cloud-based trading environments and cyber/technology risk considerations.

Salaire :

Type de rémunération :

Ce qui précède représente la fourchette et le type de rémunération de BMO Groupe financier.

Les salaires varieront en fonction de facteurs comme l’emplacement, les compétences, l’expérience, les études et les qualifications pour le poste et pourront inclure une structure de commissions. Les salaires pour les postes à temps partiel seront calculés au prorata du nombre d’heures travaillées régulièrement. Pour les rôles à commission, le salaire susmentionné représente la cible de BMO Groupe financier pour la première année au poste.

La rémunération totale offerte par BMO variera selon le type de rémunération associé au poste et peut comprendre des primes de rendement, des primes discrétionnaires ainsi que d’autres avantages et récompenses. BMO offre également une assurance santé, le remboursement des frais de scolarité, une assurance accident et une assurance vie, ainsi que des régimes d’épargne-retraite. Pour en savoir plus sur nos avantages sociaux, consultez le site : https://jobs.bmo.com/ca/fr/R%C3%A9mun%C3%A9ration-globale

À propos de nous

À BMO, nous sommes animés par une raison d’être commune : Avoir le cran de faire une différence dans la vie, comme en affaires. Cette raison d’être nous invite à entraîner des changements positifs et durables pour nos clients, nos collectivités et nos gens. En travaillant ensemble, en innovant et en repoussant les limites, nous transformons des vies et des entreprises et favorisons la croissance économique partout dans le monde.

En tant que membre de l'équipe de BMO, vous êtes valorisé, respecté et entendu, et vous avez plus de moyens pour progresser et obtenir des résultats. Nous nous efforçons de vous aider à obtenir des résultats dès le premier jour, pour vous-même et nos clients. Nous vous offrirons les outils et les ressources dont vous avez besoin pour franchir de nouvelles étapes, car vous aidez nos clients à franchir les leurs. Au moyen de formation et de coaching approfondis ainsi que de soutien de la direction et d'occasions de réseautage, nous vous aiderons à acquérir une expérience enrichissante et à élargir votre groupe de compétences.

Pour en savoir plus, visitez-nous à l'adresse https://jobs.bmo.com/ca/fr.

BMO s'engage à offrir un milieu de travail inclusif, équitable et accessible. Nous apprenons de nos différences et tirons notre force des gens et de leurs différents points de vue. Des mesures d’adaptation sont disponibles sur demande pour les candidats qui participent à tous les aspects du processus de sélection. Pour demander des mesures d’adaptation, veuillez communiquer avec votre recruteur.

Remarque aux recruteurs : BMO n’accepte pas les curriculum vitæ non sollicités provenant de toute source autre que le candidat directement. Tout curriculum vitæ non sollicité envoyé à BMO, directement ou indirectement, sera considéré comme la propriété de BMO. BMO ne paiera aucuns frais pour les placements découlant de la réception d’un curriculum vitæ non sollicité. Une agence de recrutement doit d’abord détenir une entente de service écrite valide et dûment signée avant d’envoyer des curriculum vitæ.