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The Analyst supports the oversight of the Market Risk compliance and governance program within the second line of defense. As part of the Market Risk Governance team, the Analyst assists in maintaining the Market Risk Process, Risk and Control (PRC) inventory, regulatory inventory, monitoring and testing program, and governance reporting. The role provides an opportunity to develop expertise in risk management, regulatory compliance, and internal controls while collaborating with stakeholders across the first and second lines of defense.

Specific accountabilities for the role include:

• Build effective working relationships with stakeholders across Market Risk and related functions to support governance, compliance, and control oversight activities.
• Execute control testing activities, document results, communicate outcomes, and support the development of remediation action plans where issues are identified.
• Assist in the review of processes and controls to identify opportunities to strengthen the control environment and mitigate risk.
• Support the development, execution, and maintenance of the Monitoring & Testing Plan.
• Maintain and update the regulatory inventory, including regulatory applicability assessments and regulatory-to-control mappings.
• Assist in the development and maintenance of the Market Risk Process, Risk and Control (PRC) inventory, including processes, risks, controls, roles and responsibilities, and governance requirements.
• Support the preparation of materials, presentations, and reporting for governance forums and senior management.
• Assist with internal and external audits, regulatory examinations, and related information requests.
• Support quarterly attestation activities and follow-up activities as required.
• Analyze governance, risk, and control information to identify trends, issues, and areas requiring management attention.
• Develop and maintain knowledge of Market Risk activities, risk management practices, internal control frameworks, and applicable regulatory requirements.
• Identify issues and control gaps, perform analysis, and escalate matters appropriately to management.
• Work independently on assigned activities while seeking guidance on more complex or ambiguous matters.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically 1-2 years of relevant experience in risk management, compliance, governance, audit, finance, or a related field, and a post-secondary degree in a related discipline, or an equivalent combination of education and experience.
• Experience in risk management, audit, compliance, governance, or internal controls is an asset.
• Knowledge of risk management, internal controls, governance, or regulatory compliance concepts.
• Experience performing control testing, monitoring activities, or risk assessments is preferred.
• Strong analytical, problem-solving, and organizational skills with attention to detail.
• Strong verbal and written communication skills.
• Strong collaboration and relationship management skills.
• Ability to manage multiple priorities and meet deadlines in a dynamic environment.
• Proficiency in Microsoft Excel, PowerPoint, and other Microsoft Office applications.

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.