Senior Manager Operational Risk Programs

4 weeks ago

Chicago, Illinois, United States BMO Financial Group Full time
Job Title: Senior Manager Operational Risk Programs

BMO Financial Group is seeking a Senior Manager to join their team in the Operational Risk Management department. The successful candidate will be responsible for leading one or more of the ONFR core programs, including Issues Management, Loss Event Management, ONFR KRIs, and ONFR Risk Appetite.

Key Responsibilities:

  • Provide strategic leadership to strengthen the ONFR core programs and serve as a subject matter expert to stakeholders.
  • Oversight, monitoring, and reporting on operational risks for a designated portfolio.
  • Develop and monitor the operational management framework, including governance frameworks and practices.
  • Provide policies, standards, methodologies, and controls to increase transparency, accuracy, and consistency across groups.
  • Work with stakeholders to implement the methodology, metrics, and program standards for the assigned portfolio.
  • Provide strategic input into business decisions as a trusted advisor.
  • Make recommendations to senior leaders on strategy and new initiatives.
  • Act as a subject matter expert on relevant regulations and policies.
  • Network with industry contacts to gain competitive insights and best practices.
  • Interpret new regulations and assess impacts to the governance framework.
  • Develop reports on the status of the governance program or framework components.
  • Influence and negotiate to achieve business objectives.
  • Identify emerging issues and trends to inform decision-making.
  • Recommend business priorities, advise on resource requirements, and develop a roadmap for strategic execution.
  • Manage resources and lead the execution of strategic initiatives.
  • Measure the effectiveness of the risk governance system and framework.
  • Conduct independent analysis and assessment to resolve strategic issues.
  • Lead the development and maintenance of the governance system and framework.
  • Act as the prime subject matter expert for internal and external stakeholders.
  • Represent the model validation program/portfolio for internal and external regulatory audits and examinations.
  • Ensure alignment between stakeholders.
  • Design and produce regular and ad-hoc reports and dashboards.
  • Develop and manage comprehensive information management systems.
  • Define business requirements for analytics and reporting.
  • Lead change management programs of varying scope and type.
  • Lead the development of the communication strategy.
  • Lead the execution of operational programs.
  • Manage the review and sign-off process for relevant regulatory reporting.
  • Lead and integrate the monitoring, measurement, and reporting on the status of the operational risk governance program.
  • Lead the management of governance meetings and maintenance of governing body mandates.
  • May provide specialized support for other internal and external regulatory requirements.
  • Provide input into the planning and implementation of ongoing operational programs.
  • Lead/participate in the design, implementation, and management of core business/group processes.
  • Administer and maintain operational risk program activities.
  • Identify potential risk situations/impacts and make recommendations or escalate to the manager.
  • Develop and maintain in-depth knowledge of business and related risk management requirements.
  • Build effective relationships with internal and external stakeholders.
  • Analyze data and information to provide insights and recommendations.
  • Monitor and track performance.
  • Coordinate and monitor the review and sign-off of attestations and reporting.
  • Maintain tools and templates for operational risk programs.
  • Operate at a group/enterprise-wide level and serve as a specialist resource to senior leaders and stakeholders.
  • Apply expertise and think creatively to address unique or ambiguous situations.
  • Implement changes in response to shifting trends.

Qualifications:

  • Typically 7+ years of relevant experience and post-secondary degree in a related field of study or an equivalent combination of education and experience.
  • In-depth/expert knowledge of operational risk management practices.
  • In-depth/expert knowledge of the designated business/product portfolio.
  • In-depth/expert knowledge of regulatory requirements.
  • In-depth/expert knowledge of quantitative techniques and economic capital methodologies.
  • In-depth/expert knowledge and experience with risk policy frameworks; quality control/testing frameworks.
  • Seasoned professional with a combination of education, experience, and industry knowledge.
  • Verbal and written communication skills - in-depth/expert.
  • Analytical and problem-solving skills - in-depth/expert.
  • Influence skills - in-depth/expert.
  • Collaboration and team skills; with a focus on cross-group collaboration - in-depth/expert.
  • Able to manage ambiguity.
  • Data-driven decision making - in-depth/expert.

  • Senior Manager

    3 weeks ago

    Chicago, Illinois, United States BMO Financial Group Full time

    This role offers a unique opportunity to work on high-profile projects within operational risk management, with direct visibility to top leaders within BMO Financial Group.As a key member of the Operational Non-Financial Risk (ONFR) practice, you will be responsible for supporting and overseeing Third-Party Risk Management practices at BMO, acting as the...

  • Operational Risk Management Methodology Senior Manager

    4 weeks ago

    Chicago, Illinois, United States CIBC Full time

    About the RoleWe are seeking an experienced Operational Risk Management Methodology Senior Manager to join our US Operational Risk Management Department. This role will focus on maturing our programs through the development of training as well as enhancing tools and resources that support our operational risk management initiatives.Key...

  • Senior Risk Management Specialist

    3 weeks ago

    Chicago, Illinois, United States Metropolitan Water Reclamation District of Greater Chicago Full time

    Job SummaryThe Metropolitan Water Reclamation District of Greater Chicago is seeking a highly skilled Senior Risk Analyst to join our team. As a key member of our risk management department, you will play a critical role in developing and implementing risk management programs and processes that ensure the district's financial stability and operational...

  • Senior Risk Manager

    4 weeks ago

    Chicago, Illinois, United States BMO Financial Group Full time

    Job Title: Senior Risk ManagerBMO Financial Group is seeking a highly skilled Senior Risk Manager to join our team. As a key member of our Operational Risk Management team, you will be responsible for managing and mitigating risks associated with third-party relationships.Key Responsibilities:Develop and implement effective risk management strategies to...

  • Senior Risk Management Specialist

    4 weeks ago

    Chicago, Illinois, United States Northern Trust Full time

    Northern Trust is a leading financial institution with a rich history of innovation and excellence. We are seeking a Senior Risk Management Specialist to join our Wealth Management team.This role will focus on risk assurance and advisory services, providing expert guidance on material changes such as new products, systems, and business initiatives.As a key...

  • Senior Risk Management Consultant

    4 weeks ago

    Chicago, Illinois, United States Canadian Imperial Bank of Commerce Full time

    Job Title: Senior Risk Management ConsultantWe are seeking a highly skilled and experienced Senior Risk Management Consultant to join our team at the Canadian Imperial Bank of Commerce. As a key member of our Third Party Risk Management team, you will play a critical role in identifying, assessing, and mitigating risks associated with third-party...

  • Senior Risk Consultant

    3 weeks ago

    Chicago, Illinois, United States Northern Trust Full time

    Northern Trust, a leading global financial institution, is seeking a skilled Senior Risk Consultant to join its Risk & Control Self-Assessment team.The ideal candidate will have a strong background in Enterprise Risk Management and Operational Risk Management, with the ability to analyze complex risk environments and develop effective risk mitigation...

  • Operational Risk Management Process and Controls Senior Manager

    3 weeks ago

    Chicago, Illinois, United States CIBC Full time

    About the RoleWe are seeking a highly skilled Operational Risk Management Process and Controls Senior Manager to join our team at CIBC. As a key member of our risk management team, you will be responsible for reviewing, analyzing, and reporting process, risk, and control data to help the bank make informed decisions about where to focus risk management...

  • Senior Risk Management Specialist

    4 weeks ago

    Chicago, Illinois, United States Metropolitan Water Reclamation District of Greater Chicago Full time

    Job SummaryThe Metropolitan Water Reclamation District of Greater Chicago seeks a highly skilled Risk Management Specialist to join our team. In this role, you will assist the Risk Manager in developing and implementing risk management programs and processes, communicating these programs to operating units, and conducting departmental data analysis.Key...

  • Senior Risk Manager

    4 weeks ago

    Chicago, Illinois, United States BMO Financial Group Full time

    Job SummaryWe are seeking a highly skilled Senior Risk Manager to join our team at BMO Financial Group. As a key member of our Operational Risk Management team, you will be responsible for overseeing and managing Third-Party Risk across the organization.Key Responsibilities:Develop and implement effective Third-Party Risk Management strategies and...

  • Operational Risk Management Process and Controls Senior Manager

    4 weeks ago

    Chicago, Illinois, United States CIBC Full time

    Job SummaryWe are seeking a highly skilled Operational Risk Management Process and Controls Senior Manager to join our team at CIBC. As a key member of our risk management team, you will be responsible for reviewing, analyzing, and reporting process, risk, and control data to help the bank make informed decisions about where to focus risk management...

  • Senior Risk Management Specialist

    6 days ago

    Chicago, Illinois, United States Northern Trust Corporation Full time

    About Northern Trust: We are a Fortune 500 company, a globally recognized, award-winning financial institution that has been in continuous operation since 1889.We are proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service,...

  • Senior Credit Risk Manager

    4 weeks ago

    Chicago, Illinois, United States BMO Financial Group Full time

    Job SummaryWe are seeking a highly skilled Senior Credit Risk Manager to join our team at BMO Financial Group. As a key member of our credit risk management team, you will be responsible for providing expert guidance and support to our credit risk operations and initiatives.Key ResponsibilitiesProvide independent, objective review and adjudication of credit...

  • Senior Director of Insurance Risk Management

    4 weeks ago

    Chicago, Illinois, United States Insurance Maine Full time

    Job SummaryThe Senior Director of Insurance Risk Management is responsible for overseeing all aspects of insurance risk management for our organization. This includes managing technical and operational insurance activities, ensuring compliance with regulatory requirements, and developing strategies to mitigate risk.Key ResponsibilitiesDevelop and implement...

  • Senior Risk Analyst

    4 weeks ago

    Chicago, Illinois, United States CIBC Full time

    Job Title: Senior Analyst/Consultant Third Party Risk ManagementWe're seeking a highly skilled and experienced Senior Analyst/Consultant to join our Third Party Risk Management team. As a key member of our team, you will play a critical role in supporting the identification, assessment, and mitigation of third-party risks.Key Responsibilities:Support the...

  • Senior Director, Risk Management Strategy, Office of Risk Management

    4 weeks ago

    Chicago, Illinois, United States AbbVie Full time

    Job SummaryAbbVie is seeking a highly skilled Senior Director, Risk Management Strategy to lead the development and implementation of a structured, iterative, end-to-end lifecycle risk management framework. This individual will serve as the subject matter expert on risk management strategy across therapeutic areas, advising and participating in various...

  • Senior Risk Management Consultant

    3 weeks ago

    Chicago, Illinois, United States CIBC Full time

    We're building a relationship-oriented bank for the modern world, and we need talented professionals who are dedicated to doing what's right for our clients. At CIBC, we empower our team members to make a meaningful impact and are truly valued for who they are and what they contribute.What you'll do:Support the Third Party Risk Management team in fulfilling...

  • Senior Risk Management Specialist

    4 weeks ago

    Chicago, Illinois, United States Selby Jennings Full time

    We are seeking a highly skilled Senior Risk Management Specialist to join our team at Selby Jennings. The ideal candidate will have 5+ years of experience in proprietary trading risk management, with a focus on options and futures.The successful candidate will work closely with our traders to analyze and optimize risk-adjusted returns on capital. Key...

  • Director of Operations and Risk Management

    4 weeks ago

    Chicago, Illinois, United States Interfaith America Full time

    About UsInterfaith America is a national nonprofit organization based in Chicago, dedicated to building a nation that achieves the promise of religious diversity for the common good. Our mission is to inspire, equip, and connect organizations and leaders to unlock the potential of America's religious diversity.Job SummaryWe are seeking a highly skilled...

  • Senior Risk Manager

    3 weeks ago

    Chicago, Illinois, United States Bank of Montreal Full time

    Job SummaryWe are seeking a highly skilled and experienced Risk Governance Expert to join our team at Bank of Montreal. In this role, you will be responsible for providing strategic input into business decisions as a trusted advisor, making recommendations to senior leaders on strategy and new initiatives, and developing, implementing, and maintaining the...