01/29/2026
Address:
100 King Street West
Audit, Risk & Compliance
- Measures the effectiveness of risk governance system and framework; recommends changes as required.
- Leads the development and maintenance of the internal controls governance system and framework.
- Ability to breakdown processes in detail and detect gaps or control weaknesses
- Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
- Conducts independent analysis and assessment to resolve strategic issues.
- Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures; management of review/updates to policies, etc.
- Leads and integrates the monitoring, measurement & reporting on the status of the internal controls governance framework/program to internal & external stakeholders.
- Documents the internal control governance system, processes and framework to describe compliance requirements, activities, processes, roles & responsibilities.
- Interprets new regulations and assesses impacts to the internal controls governance framework/program.
- Influences and negotiates to achieve business objectives.
- Identifies emerging issues and trends to inform decision-making.
- 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 model validation/risk framework.
- Leads in the design, implementation and management of core business/group processes.
- Reviews processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls.
- Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary.
- Consults with stakeholders to improve consistency and transparency of control measurement/metrics and reporting.
- Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.
- 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.
- Ensures alignment between stakeholders.
- Analyzes data and information to provide insights and recommendations.
- Develops tools, checklists and communications to address gaps, issues and new requirements.
- Broader work or accountabilities may be assigned as needed.
As Senior Manager - Commercial Controls & Governance, you will be a driving force in developing the Commercial Bank’s Operational Risk Management Framework to support continued revenue growth and expansion. You will engage with leaders of all segments of the Commercial Bank and leverage your understanding of business processes to implement standardized best practices across the group. You will be responsible for conducting analysis of key business activities, understanding the desired outputs and identifying potential risks or process gaps. The role will provide significant visibility to Commercial Bank senior management, risk oversight executives and the opportunity to work on strategic enterprise-wide projects.
Key Elements of the Role:
- Develops governance and control-related solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
- Provides advice and guidance to assigned business/group on the implementation of the control framework
- Clearly articulates operational risk findings to business stakeholders and maintains presence to effectively work with line of business teams in remediation of identified control deficiencies
- Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
- Provides strategic input into business decisions as a trusted advisor.
Qualifications:
- Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
- Prior experience in a Commercial line of business function (relationship management, portfolio management, underwriting, loan operations, etc.) with detailed knowledge of operational workflows, dependencies and systems is required
- In-depth knowledge of business and regulatory environment.
- Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
- Able to manage ambiguity.
- Analytical and problem solving skills - In-depth / Expert.
- Verbal & written communication skills - In-depth / Expert.
- Influence skills - In-depth / Expert.
$94,600.00 - $176,000.00
Salaried
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.