Wholesale Markets and Banking ONFR Analyst (New or Recent Graduate Opportunity) Immediate Start Date

Understand core components of operational non‑financial risk, either through experience supporting a risk function or through how it manifests. Understands Commercial or Capital Markets business and functions products and how they make money, particularly trade life cycle or operational trade/transaction/loan support. Responsibilities Provides oversight, monitoring and reporting on operational risks for Capital Markets and Commercial Banking. Develops and monitors the operational management framework that includes the governance framework & practices leveraged across BMO to manage operational risks. Provides policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance as well as effective monitoring, timely reporting and identification of action plans. Acts as a trusted advisor to assigned business/group. Guides/assists in the identification and classification of issues; recommends action plans. Influences and negotiates to achieve business objectives. Recommends and implements solutions based on analysis of issues and implications for the business. Assists in the development of strategic plans. Identifies emerging issues and trends to inform decision‑making. Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements. Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks. Helps determine business priorities and best sequence for execution of business/group strategy. Conducts independent analysis and assessment to resolve strategic issues. Leads the development and maintenance of the governance system and framework. Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders. Represents the model validation program / portfolio for internal/external regulatory audits and/or examinations. Ensures alignment between stakeholders. Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards. Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives. Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels. Leads and integrates the monitoring, measurement & reporting on the status of the operational risk governance program to internal & external stakeholders. Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines. May provide specialized support for other internal and external regulatory requirements. Provides input into the planning and implementation of ongoing operational programs in support of the operational risk framework. Leads/participates in the design, implementation and management of core business/group processes. Administers and maintains operational risk program activities in adherence to all policies, procedures and established processes. Identifies potential risk situations/impacts, and makes recommendations or escalates to the manager, as per guidelines. Develops and maintains in‑depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance. Builds effective relationships with internal/external stakeholders e.g. business stakeholders and Corporate Support Areas (CSAs) in providing “second line of defense” operational risk management support. Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives. Monitors and tracks performance; addresses any issues. Coordinates and monitors the review and sign‑off of attestations and reporting. Maintains tools and templates for operational risk programs (e.g., Risk Control Self Assessment (RCSA), Sarbanes‑Oxley (SOX) or regulatory compliance), as required. Focus is primarily on business/group within BMO; may have broader, enterprise‑wide focus. Provides specialized consulting, analytical and technical support. Exercises judgment to identify, diagnose, and solve problems within given rules. Works independently and regularly handles non‑routine situations. Broader work or accountabilities may be assigned as needed. Qualifications Relevant experience and post‑secondary degree in related field of study or an equivalent combination of education and experience. In‑depth knowledge of operational risk management practices. In‑depth knowledge of the designated business / product portfolio. In‑depth knowledge of regulatory requirements. In‑depth knowledge of quantitative techniques and economic capital methodologies. In‑depth knowledge & experience with risk policy frameworks; quality control / testing frameworks. Deep knowledge and technical proficiency gained through extensive education and business experience. Verbal & written communication skills – in‑depth. Collaboration & team skills – in‑depth. Analytical and problem solving skills – in‑depth. Influence skills – in‑depth. Data‑driven decision making – in‑depth. Salary $74,000.00 – $138,000.00 Pay Type Salaried Benefits 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, visit: EEO Statement 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. #J-18808-Ljbffr BMO U.S.