Senior Manager, Wealth Management Governance & Risk Programs Wealth Management Governance & Controls

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The Senior Manager, Wealth Management Governance & Risk Programs is a first line of defence (1LOD) role accountable for leading and embedding the Risk Identification, Stress Testing and Financial Risk programs within Wealth Management.

The role owns the execution, quality, and business integration of Risk ID and Stress Testing activities, and is accountable for leading the Financial Risk program, ensuring outputs support decision making and inform Risk Appetite, strategy, capital considerations, and governance for Wealth Management. The role also ensures that financial and non‑financial risks are identified, assessed, mitigated, monitored, and reported as part of day‑to‑day operations and decision‑making, within BMO’s and Wealth Management’ approved Risk Appetite.

• Lead Wealth Management’s execution of the Risk Identification lifecycle, assessment, documentation and reporting
• Own Wealth’s material and emerging risk inventory in alignment with the enterprise Risk Taxonomy
• Facilitate structured Risk ID sessions with Wealth business leaders and SMEs
• Accountable for identifying and managing financial risk exposures (credit, market, liquidity impacts where applicable) in accordance with program requirements
• Own and coordinate Wealth Management’s first‑line contribution to enterprise, regulatory and business‑level stress testing
• Lead, coordinate and execute risk assessments supporting requests, requirements, initiatives, products, processes
• Support issue and event management and oversight from identification through remediation
• Ensure controls are designed, implemented, and operating effectively in the business

• Advise senior business leaders on relevant risks, impacts, and mitigation options
• Prepare and present on Wealth Risk ID, Stress Testing and Financial Risk to support governance forums and reporting
• Interpret applicable requirements and translate into practical business controls and processes.
• Design, implement, and maintain an effective 1LOD risk program
• Act as the primary interface with partners within the business, 2LOD and 3LOD stakeholder among others on relevant matters.

• 7-10+ years of experience in first‑line financial, operational, or business risk management within Wealth Management or Financial Services
• Strong understanding of Wealth products, client lifecycle risks, and regulatory expectations
• Strong understanding of Financial Risk, Risk Identification, Stress Testing and Risk Appetite
• Demonstrated experience owning business‑led risk remediation and change initiatives
• Proven ability to influence senior stakeholders and translate complexity into actionable outcomes.

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.