Operational Risk Jobs in Ontario (NOW HIRING)

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The Global Third Party Risk Management (GTPRM) team is responsible for proactively identifying, assessing, monitoring, and mitigating risks associated with thirdparty relationships across the enterprise. Operating as a first line of defense, the team challenges and supports supplier managers within each Line of Business (LOB) to ensure effective thirdparty risk governance.

As a key member of the GTPRM team, the Risk Assessor provides expert guidance on thirdparty risk reviews, evaluates risk, and ensures alignment with enterprise frameworks, regulatory requirements, and operational risk expectations.

Core Responsibilities

Business Delivery & Operational Excellence

• Review, assess, and monitor thirdparty engagements throughout the Third-Party Lifecycle.
• Provide riskbased advisory and assessment services to optimize thirdparty performance and ensure efficient, consistent management aligned with criticality and risk level.
• Maintain current knowledge of the TPRM Directive, regulatory requirements, and emerging trends.
• Deliver independent oversight on thirdparty governance and challenge LOBs to ensure appropriate mitigation of identified risks.
• Lead or represent GTPRM on key projects to enhance thirdparty risk management capabilities.
• Identify and support changemanagement and continuousimprovement initiatives related to TPRM processes and infrastructure.
• Maintain deep understanding of evolving risk areas-such as AML, business continuity, fraud, etc. - and their impact on thirdparty assessments.

Governance & Risk Management

• Provide oversight to minimize risk exposure through ongoing monitoring, reporting, and ensuring compliance with audit and regulatory expectations.
• Support business partners in preparing for internal/external audits and regulatory reviews by facilitating planning, consolidation, documentation, and interpretation of required materials.
• Act as the primary GTPRM contact and Subject Matter Expert (SME) for an assigned portfolio, offering guidance on TPRM methodology, framework, policies, and regulatory requirements.

Relationship Management

• Build and maintain strong, influential relationships with LOB partners to support their thirdparty portfolio management.
• Develop and leverage relationships with internal and external partners to enhance risk management effectiveness.
• Maintain a deep understanding of LOB strategies and business changes to proactively identify thirdparty risks and recommend appropriate controls.

Qualifications

• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience
• Strong knowledge of third party governance and management, operational risk, financial services regulations, audit and/or compliance
• Outstanding relationship management skills
• Excellent interpersonal skills: communication, presentation and time management
• Ability to remain composed under pressure of competing deadlines, priorities, accountabilities and constraints
• Strong collaboration and team skills
• Excellent attention to detail

Location and Hours

• Location: Toronto, Ontario
• Flexibility: Hybrid role that must be in office 3 days a week; work remotely other days of the week. Employee must be able to accommodate the Bank's in-office requirement, as it may change from time-to-time.
• Role operates within normal conditions; work outside of normal office hours may be required.

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.