BMO Financial Group Risk Manager in Chicago, Illinois
This role is responsible for the development, implementation, ongoing maintenance and enhancement of US P&C Personal & Business Banking’s foundational risk, including credit risk oversight, stress testing, and risk appetite practices. Inherent in this role is responsibility for the associated operating guidelines, processes and documentation and the change management processes.
The role has responsibility for ensuring that Personal & Business Banking level credit practices that span across business areas are consistently applied and regulatory requirements related to credit, stress testing and risk appetite are complete and demonstrate leading practice.
The role is accountable to the Director Strategy & Risk Management to assist in driving the US P&C governance program to ensure ongoing sustainment and operational execution to maintain a strong governance model for BMO US.
The role includes the project management and coordination required to ensure the effective integration of credit practices, stress testing and risk appetite into business decision making and strategic planning. The role provides works with stakeholders to identify, track, and monitor internal and regulatory remediation plans.
Has end to end accountability for the successful completion of the program/project. Directs and coordinates team members in creation of program/project deliverables. Works with HR and Communications stakeholders to drive change, talent, and communications planning.
Possesses an understanding of a least 1 LOB, and directs sub-project managers, business and technology resources, user groups, internal and external consultants, and contractors and vendors.
Rigorously manages project scope to ensure commitments are achieved within agreed on time, cost, and quality parameters, with an enterprise perspective.
Ensures end results are of the highest caliber with a clearly articulated scope and quantifiable business benefit, and oversees governance controls to ensure that projects/programs meet all the performance, quality and compliance standards and conforms to appropriate methodology.
Identifies and tracks project risk and develops mitigation plans to manage risk (i.e. risk related to technology, change management, procurement, business process management, requirements management).
Supports project management activities following BMO’s project management methodology and practices.
Reports administrative and financial metrics back to Business Sponsors and related stakeholders to ensure transparency and accountability.
Establishes effective project or program oversight and other governance bodies, and engages the appropriate stakeholders to support the direction of the project or program and enable superior customer experience.
Contributes to the development of the seed funding request by ensuring project scope and benefits are clearly articulated and risks are identified.
Works in close partnership with Finance and key stakeholders for monthly reporting requirements (i.e. Finance, compliance, Status, Issues Management).
Manages and/or validate financial forecasts and provide on-going reconciliation of resources and other related project expenses.
Develops an understanding of organizational complexity to interact and engage with the appropriate matrix areas for the construction and delivery of the solution.
Develops innovative approaches to create solutions to resolve problems and significant issues within the project’s mandate.
Identifies, develops, and/or promotes best practices and applies learnings from the more fluid parts of the business.
Develops and recommends productivity aids in all aspects of assignments to accelerate delivery.
Seeks to integrate digital methods for agile, rapid prototyping, and for customer involvement.
Supports the execution of key improvement initiatives using data-driven insights to deliver positive financial and customer outcomes.
Continuously improves program/project processes in order to ensure the best possible deliverable outcome to improve overall efficiency and improve the bank.
Closes project or program spending accounts upon project closure
Identifies opportunities to strengthen the capability at BMO, such as: sharing expertise to promote technical development, mentoring employees, building communities of practice and networks across technology.
Stays abreast of industry technical and business trends through participation in professional associations, practice communities & individual learning
Generally 4-7 years of work experience in IT or business environment and/or B.S./B.A. in computer science, engineering, information systems, math or business
Experience in managingat least two projects of significant complexity and low value ($250K-$1MM) with low to moderate risk
Advanced level of knowledge in domain
Core project management skills including multiple aspects of the PMBOK (i.e. Project Management Institute's PM Body Of Knowledge).
Knowledge and expertise in the use of project management methodologies and tools (e.g. Clarity, MS Project, SharePoint repositories, Systems Development Life Cycle (SDLC) if applicable).
Knowledge of waterfall and agile methodologies.
Sound business supported by previous technical experience.
Possesses relationship management and consulting skills.
Possesses solid presentation, written and verbal communication skills.
Possesses expert analytical and problem-solving skills, with ability to analyze a component or components of a process to optimize system functionality.
Possesses change management skills, including identifying people, processes, and technology implications to various end users / stakeholders and designing the change and implementation plan.
Able to identify and/or recommend opportunities create/contribute to tactical and strategic vision.
Able to deal with complex business or technical issues and make appropriate trade-offs/escalations as required, while maintaining an overall project or program perspective
Able to translate technology issues into business terminology and visa-versa
We’re here to help
At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.
As a member of the BMO Harris Bank 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://bmoharriscareers.com .
BMO Harris Bank 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. BMO Harris Bank is an Equal Opportunity Employer for all, inclusive of Minorities, Women, Veterans, and Persons with Disabilities.