Managing Director - Head, Fraud & Physical Security Oversight

Operational Non-Financial Risk Leader

Identifies, assesses, remediates and reports of all non-financial risks related to their area of expertise and ensures these risks are managed within the Risk appetite of the Bank. Delivers expert advice, credible challenge, and effective oversight across to identify, assess, control, and manage these risks throughout the company. Provides strategic future forward vision of the required maturity of these risk domains leveraging more predictive analytics. Plays a critical role in ensuring the company's risk-taking entities are aware of the risks inherent in their activities and decisions, the impact of their actions on the company at an enterprise level, and opportunities to reduce, mitigate, or avoid risks altogether. As an Operational NFR leader, works closely with colleagues across ERPM and with other businesses and functions across the enterprise

Provides oversight over 1st line activities establishing the risk frameworks required to mitigate Non-Financial Risk exposures, to comply with regulatory requirements, Corporate Policies, Corporate Standards and other published directives that support these policies and standards

Provides subject matter expertise, specialist support, and oversight for transactions and circumstances representing significant risk exposures to the Enterprise

Ensures alignment between their respective risk framework and the NFRMF for consistency and to support the aggregation of results; reviews, provides Effective Challenge and monitors their respective sub-risks so that Non-Financial Risk Profile is consistent with business strategy

Ensures appropriate actions are underway to manage significant Non-Financial Risk exposures, providing Effective Challenge and oversight as appropriate.

Implements and maintains an appropriate monitoring, surveillance and / or assessment function that provides reasonable assurance of compliance with their respective policies and frameworks

Monitors non-financial sub-risks to ensure exposures are within Enterprise Non-Financial Risk tolerances and recommends corrective actions to be taken by Operating Group / Corporate Services when outside the established tolerances

Reviews and recommends changes to processes or procedures, and oversees any significant business unit corrective actions, as necessary

Reports an independent Non-Financial Risk Profile for their Non-Financial sub-risk category, or as required by the NFRMF

Serves as a leader in the Operational NFR risk oversight team, establishing a solid understanding of internal and external NFR risks within their area of expertise that can impact the organization's overall business and value chain.

Plays a key role in assessing and enhancing the organization's NFR sub-risk capability maturity and maintains and updates risk models, identifying and developing innovative risk assessment techniques, and incorporates data driven risk assessment that are end to end vs point in time.

Provides independent expertise during capability maturity reviews, preparing independent assessments of maturity levels, and developing reports for senior management. Identifies and assesses alternative approaches to risk mitigation and advises the business and stakeholder leadership with respect to trade-offs.

Speaks authoritatively with regulatory officials with respect to existing controls, the risk management framework overall, and emerging threats and challenges

As part of the second line of defense, collaborates closely with associates corporate areas, technology, Lines of Business, and other risk management offices to perform and support evaluations of the firm's NFR sub-risk capability maturity levels and offers independent advice and recommendations regarding ways to further mature the firm's risk management capabilities. Contributes to the identification and analysis of new or emerging NFR sub-risks to the enterprise, and aid in integrating capabilities maturity assessment activities with other risk management programs across the enterprise.

As a member of an evolving organization, brings clarity of roles and accountabilities within the organization structure and refines team and portfolio

Manage the conduct of independent evaluations of the firm's information security, cybersecurity, cloud and technology capabilities, and provide expertise and advice on accelerating maturity of the firm's cyber capabilities

Identifies and develops quantitative assessment of vulnerabilities, risks and remediation strategies, providing insights to senior leaders and other stakeholders including regulatory agencies and the Board of Directors, as needed

Drives a risk management focus taking a customer / resilience lens that promotes banks digital strategy while maintaining soundness of the bank

Stays current on emerging NFR sub-risk threats and potential implications to the firm and mentors / coaches more junior members of the team.

Collaborates effectively with colleagues, stakeholders, and leaders across multiple organizations to achieve objectives

Leads program-related activities and deliverables to ensure effective collaboration within the team and across stakeholder groups

Ensures initiatives are compliant with regulatory standards and corporate policies, as well as with understanding and quantifying potential impact on profitability and firm reputation of these projects.

Understands, reviews and help manage and mitigate key NFR sub-risks that impact the operational and business functions of the organization

Collaborates with business partners and Enterprise functions to design target state and interim NFR risk management tool architecture.

Drives the evolution and development of the NFR sub-risk function and "appetite" view and the risk reporting requirements.

Leads the development and implementation of key risk indicators (KRI's), key performance indicators (KPI's) that are risk-sensitive and adapting as new threats emerge.

Within the mandate of this role, promotes and supports the Bank's risk culture including ensuring employees understand their accountabilities for risk-taking activities, promoting an environment of open communication and effective challenge, and establishing the "tone from the top" through leading by example.

Complies with the Bank's Risk Appetite framework and ensures risk-taking activities remain within agreed limits and comply with all regulatory requirements.

Role models driving simplicity and productivity enhancements for optimization across groups driving continuous improvement on key measures.

Activates our winning culture, aligned with Purpose. Ignites engagement by aligning our culture to our strategy and fueling exceptional execution.

Fosters diversity, equity and inclusion and creates an inclusive environment for all employees by eliminating barriers to inclusion.

Develops leaders, plans for succession, and fosters a high-performance culture.

Drives top talent acquisition and retention, developing organizational capabilities to drive competitive advantage.

Leads and mentors a team with diverse risk and business experience, skills and orientation.

Leads, promotes and reinforces the Bank's customer focus to support our vision.

Personally, role models customer focus.

Drives sustainable improvements in customer loyalty and business growth.

Adheres and supports enterprise customer experience and brand standards.

Core responsibilities include :

Oversight - The Fraud RSA provides independent oversight of the 1st Line Enterprise Fraud Management & Physical Security, including evaluating the adequacy of fraud controls, reviewing adherence to directives, and challenging the effectiveness of fraud / physical security risk mitigation strategies

Monitoring and Reporting : Independently monitors internal and external fraud & physical security risks and reports to senior management and stakeholders.

Regulatory Alignment : Ensures compliance with jurisdictional laws and supports regulatory reporting through collaboration with Compliance and Legal.

Benchmarking and Best Practices : Engages in industry forums to compare practices and recommend enhancements to 1st line key stakeholders / business units.

Qualifications :

Certified Fraud Examiner (CFE) and Certified Anti-Money Laundering Specialist (CAMS) credentials

Must be highly skilled NFR sub-risk professional who has a wealth of experience and a demonstrated ability to provide value-added recommendations and deliver high-impact results.

Proven ability to manage a team and work independently in a fast-paced environment and can begin contributing immediately

Salary : $230,000.00 to $260,000.00

Pay Type : Salaried

The above represents BMO Financial Group's pay range and type.