Senior Manager, AI Assurance & Audit

Application Deadline: 07/30/2026 Address: 320 S Canal Street Job Family Group: Audit, Risk & Compliance Lead and execute audits focused on Artificial Intelligence (AI), including Generative AI, Large Language Models, and AI-enabled processes, by assessing the design and effectiveness of AI governance, Responsible AI frameworks, and risk management practices. Evaluate risks such as bias, fairness, explainability, transparency, privacy, model misuse, hallucinations, and regulatory compliance, and validate controls including human oversight, monitoring, testing, and inventory governance. Provide independent assurance on AI control environments and oversight processes, identify emerging AI risks and control gaps, and deliver clear, actionable insights to management and the Board to strengthen governance and mitigate operational, ethical, and reputational risks arising from AI adoption Provides strategic input into business decisions as a trusted advisor. Meets regularly with business /group stakeholders to identify, changing strategies, tactics, and initiatives across the business group/corporate area and critically evaluate and direct changes to the nature, extent and timing of the audit and related procedures. Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals. Helps determine business priorities and best sequence for execution of business/group strategy. Develops the business case by identifying needs, analysing potential options and assessing expected return on investment. Acts as the prime subject matter expert for business/group/stakeholders including colleagues across Corporate Audit. Ensures alignment between stakeholders. Provides proactive leadership and direction to team members as may be required. Provides feedback supporting or completing performance assessments. Defines business requirements for analytics & reporting to ensure data insights inform business decision making. Provides “big picture” insights based upon knowledge and research enhancing the Division’s value proposition with senior leadership and business groups. Develops specific and where appropriate broad communications which identify revenue and cost management opportunities for business units/groups which will assist in achieving their business goals including profitability. Collaborates across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behaviour. Develops an annual audit plan which is well aligned to client strategies and tactics and encompasses appropriate areas of focus based upon the business and operating risks of the unit. Where appropriate, hires and onboards new team members. Continues to develop a highly engaged team with specialised expertise. Ensures work of subordinates is well executed in accordance with the Audit's standards and that their judgments are sound, well documented and repeatable. Manages regular performance and performance assessment of all staff for which they are responsible. Recognizes the appropriate value of timing of rewards. Executes audits in full recognition of the risks of the group that encompass the inherent risks, control risks and internal/external environment and regulatory risks. This may encompass individual audits and broader capstone audits of Enterprise level functions/processes. Conducts advisory engagements and other engagements as required. Determines impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services. Identifies and evaluates the impact of new and emerging technology and technology risk on the organization’s processes and control environment. Utilizes data analytics in advisory engagements to improve quality and efficiencies. Develops an awareness of business strategies, policies and standards providing meaningful insights based upon knowledge and research which will continue to improve the Enterprise management and control processes. Maintains the independence of the audit practice and its personnel. Develops insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance, risk and control processes based on audit work performed. Deliverables must be objective, clear, concise and timely. Identifies control deficiencies and provides a fair and balanced assessment of their magnitude. Maintains working knowledge of the industry, regulatory, broad economic environment, and internal environment, as to the development of new strategies and plans, opportunities and risk, to obtain an understanding of the control environment. Ensures that all audit procedures executed are conducted in accordance to Corporate Audit Methodology as confirmed by it’s Quality Assurance program and/or regulatory examination results. Applies sound judgement in the execution of the assigned work and ensures open lines of communication. Develops and maintains good working relations with key stakeholders. Actively monitors change management initiatives and identifies potential risks. Actively participates and supports Corporate Audit change initiatives. Maintains and enhances professional audit qualifications in line with industry standards. Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders. Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine. Implements changes in response to shifting trends. Broader work or accountabilities may be assigned as needed. Qualifications: Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience. Verbal & written communication skills - In-depth / Expert. Analytical and problem solving skills - In-depth / Expert. Influence skills - In-depth / Expert. Able to manage ambiguity. Data driven decision making - In-depth / Expert. Professional designations such as: CIA, CISA, CPA or CRISC Additional AI-related certifications are strongly preferred, including: ISACA Advanced in AI Audit (AAIA) ISACA Artificial Intelligence Fundamentals GARP Artificial Intelligence Risk & Governance (AIRG) Artificial Intelligence Governance Professional (AIGP) Seasoned professional with a combination of education and experience. Experience in financial services is strongly preferred with exposure to cross-border regulatory environments (Canada and U.S.). Strong understanding of: Generative AI Large Language Models (LLMs) AI Agents Retrieval-Augmented Generation (RAG) Responsible AI principles AI governance operating models AI oversight frameworks AI lifecycle management Human oversight controls AI monitoring and assurance practices Experience conducting audits, assessments, reviews, or assurance activities related to: Generative AI Responsible AI AI governance AI risk management AI-enabled business processes Practical understanding of AI risks including: Bias and fairness Explainability and transparency Hallucinations Privacy and confidentiality Intellectual property risk AI misuse and abuse Regulatory compliance Human accountability and oversight *Hybrid 3 days in office required (Chicago, Milwaukee, California) *Job posting reflects the Chicago salary range Salary: $102,000.00 - $190,000.00 Pay Type: Salaried 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: 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 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 View email address on click.appcast.io 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. BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good. Who we are We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.