Manager, Enterprise-Third-Party Risk Management

Application Deadline:08/13/2026Address:320 S Canal StreetJob Family Group:Audit, Risk & ComplianceThis opportunity will allow you to work on exciting initiatives within operational non-financial risk with visibility to leaders within our organization. Working within a dynamic team focused on Third-Party Risk Management, and with 1st and 2nd line subject matter experts (SMEs), you will be responsible for supporting the development and maintenance of 2nd line Third-Party risk related reporting, the creation, maintenance and monitoring of risk metrics, and other oversight activities across the Third-Party Risk Management portfolio. Mandate: As part of the 2nd line of defense, this role supports the following primary accountabilities of the Enterprise Third-Party Risk Management Team: Provide input into business decisions as a trusted advisor. Make recommendation to leaders on strategy and new initiatives, seeking understanding of business/group to support recommendations. Support maintenance and oversight of the Third-Party Risk Management Framework and other related requirements used across the enterprise to ensure Third-Party Risks are appropriately identified, assessed, managed, monitored, and reported. Support maintenance of regulatory oversight over Third-Party risk. Responsibilities: Foster a culture aligned to BMO purpose, values and strategy and role model BMO values and behaviours in all that they do. Ensure alignment between values and behaviour that foster diversity and inclusion. Regularly connect work to BMO’s purpose, set inspirational goals, define clear expected outcome, and ensure clear accountability for follow through. Develop and maintain in-depth knowledge of third-party risk management and applicable legislative/ regulatory requirements and guidance. Performs and/or effectively challenges across various programs including third-party issues & events, 1st Line monitoring & testing activities, and 1st Line reporting metrics. Manage 2nd Line independent monitoring program which includes reporting against various metrics across the third-party lifecycle. Conduct targeted reviews with accompanying analysis for any metrics outside of tolerance and/or with worsening trends. Support with the completion quarterly and annual risk reporting scorecards with accurate data driven insights for internal/external stakeholders. Analyze data and information on a continuous basis to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives. Identifies potential risk situations/ impacts and make recommendations or escalates to the team. Develops and maintains TPRM visualizations/dashboards to improve visibility of information and support data driven decision making. Support with the review of new/updated metrics (KRMs, KRIs and risk drivers) and associated thresholds. Manage the collection of TPRM Committee materials and minutes, and shared mailbox. Coordinate and monitor the review and sign-off of reporting, where required. Participate in initiatives and recommend opportunities for improved efficiency, effectiveness and/or risk mitigation. Supports team with any ad hoc requests, internal and external examination requests, and projects. Maintain documentation of all 2nd Line TPRM processes and procedures including tools and templates for operational risk programs, as required. Build effective relationships with internal/external stakeholders. Coordinate the management of databases; ensures alignment and integration of data in adherence with data governance standards. Provide specialized consulting, analytical and technical support. Exercise judgment to identify, diagnose, and solve problems within given rules. Work independently and regularly handles non-routine situations. Broader work or accountabilities may be assigned as needed. May provide specialized support for other internal and external regulatory requirements. 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. Deep knowledge and 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 Expert in report automation and efficiency through visualization tools (ie: Microsoft PowerBI) Familiar with operational risk management practices and methodologies Familiar with financial products and services Deep knowledge and technical proficiency gained through extensive education and business experience. Strong communication skills, both verbal and written. Ability to build and foster stakeholder relationships. Excellent analytical and problem-solving skills, with any eye for detail. Strong proficiency with PowerBI, Python, PowerPoint, Excel, and SharePoint. Familiar with Governance, Risk, and Control (GRC) tools such as RSA Archer Ability for work on multiple tasks accuratelySalary:$74,000.00 - $138,000.00Pay Type: SalariedThe 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 UsAt 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.SummaryLocation: Chicago, IL, USAType: Full time