Insurance Risk Manager Jobs in Illinois (NOW HIRING)

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In-depth knowledge of Global Third-Party Risk Management processes, lifecycle, and third-party risk to support effective and proactive compliance with regulatory obligations in alignment with the Bank’s Risk Management Framework and approved Risk Appetite.

• Management of risk stakeholder program execution and interaction with Third Party Risk Specialists/Supplier Managers to manage and pursue completion of past due programs with escalation, as applicable.
• Responsible for providing training and education to the Global Third-Party Risk Management team consisting of changes in the risk tool, team procedures, and regulatory changes, as applicable.
• Develop and maintain documentation for the Global Third-Party Risk Management Team including but not limited to operating environment changes or regulations including obtaining approvals
• Assist with audit and exam preparation and follow-up
• Investigation of second line of defense effective challenge inquiries
• Manages/supports large/complex risk programs/frameworks /projects/initiatives to ensure risks are appropriately mitigated and regulations adhered to
• Supports the execution of strategic initiatives in collaboration with internal stakeholders.
• Build awareness, knowledge, and skills and, as necessary, provides communication, practical tools and ongoing support including creating presentations, to promote a culture of risk identification and management
• Contributes to a strong risk culture through collaboration with 1LOD, and engagement with Second Line of Defense (2LOD), Corporate Audit (3LOD), to ensure risks related to products, services, and processes are identified, assessed, measured and managed within the approved risk appetite, and reported on an ongoing basis.

Qualifications:

• Between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience. 
• In-depth knowledge of Third-Party Risk Management practices and methodologies 

• Experience with segmenting, analyzing, and reporting risk related data. 

• Strong analytical skills to gather relevant information, compare and identify trends, develop conclusions with well-supported recommendations. 

• Experience with compiling and validating materials for updates at senior level forums and/or committees 

• Familiar with financial products and services 

• Strong communication skills, both verbal and written. 

• Ability to build and foster stakeholder relationships. 

• Excellent analytical and problem-solving skills, with an eye for detail. 

• Strong proficiency with PowerBI, PowerPoint, Excel, and SharePoint. 

• Ability to multitask and work independently

Salary:

Pay Type:

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 http://jobs.bmo.com/us/en

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.

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.