VP Risk ID, Emerging Risks & Scenarios

VP Of Risk ID Focused On Emerging Risks & Scenarios

Locations : Chicago, IL, USA, Virtual, NC, USA, New York, NY, USA

Job Family Group : Audit, Risk & Compliance

Application Deadline : 08 / 29 / 2025

Address : 320 S Canal Street

The Risk ID, Emerging Risks & Scenarios team manages critical foundational elements of BMO's Risk Management Framework and Enterprise Risk Management. The team is in the early stages of executing an optimized target state roadmap that will transform it to be fully integrated and in harmony with 1st and 2nd LoD BAU processes and reporting to deliver a strongly supported material and emerging risk inventory. Material and emerging risks will be integrated with risk appetite, strategic planning and stress testing to deliver efficient, consistent and valuable risk reporting to management committees and the Board to guide the overall operations of BMO.

Responsibilities

As a VP of Risk ID focused on Emerging Risks & Scenarios, you will have the privilege of being a key member of a highly dedicated team leading this extraordinarily valuable transformation and managing the resulting optimized business-as-usual ("BAU") target state by delivering structured, disciplined, diligent, and thoughtful leadership and support across many enhancements / efforts, including, but not limited to, the following :

• Develop and implement a target state Emerging Risks & Scenarios identification, assessment and monitoring process and reporting that is comprehensive, efficient, structured and is rooted in comprehensive sourcing, what-if scenarios and full integration with risk inventory / material risks to deliver dynamic, insightful and actionable emerging risk reporting including early warning indicators.
• BAU management of Emerging Risks & Scenarios to satisfy the heavy demands on a monthly and quarterly basis including by 1) being a key point of contact and trusted partner for stakeholders that ensures a highly transparent, efficient and structured process / playbook is being executed and 2) delivering quality controlled, insightful and actionable reporting to management committees and the Board.
• Develop and implement a robust central system / tool to document, update, store and report on emerging risk external sources, emerging risks inventory and early warning indicators
• Develop and implement a highly efficient, consistent and insightful process to map existing and proposed emerging risks to material risks to understand risk inventory coverage and understanding of new and / or evolving emerging risks.
• Develop highly insightful early warning indicator (EWI) dashboards to monitor market, business and emerging risk conditions on a daily, monthly and / or quarterly basis.
• Develop and implement target state integration of Artificial Intelligence / Machine Learning into Emerging Risks & Scenarios to improve risk assessments, early warning indicators and scenarios.
• Develop and implement target state integration of emerging risks with Stress Testing, Risk Appetite and Strategic Planning to deliver efficient, holistic and insightful risk reporting to management and the Board.
• Support the Stress Test Scenario design process including selecting emerging risks to inform stress scenarios.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• 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.

Qualifications

Salary : $102,000.00 - $190,000.00

Pay Type : 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.

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.

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.