Director, Global Third Party Risk Management - Chicago, United States - BMO Harris

Description

Application Deadline:
05/25/2024

Address:
320 S Canal Street

Job Family Group:
Procurement

Provides the strategic direction, leadership, and oversight of a team of risk advisors/assessors in the oversight of all third-party risk assessments within the Third Party Risk Management program.

• This is a hybrid role requiring 2 days a week in the office
• Ensures the Risk Advisors and Assessors are providing effective challenge to the Operating Groups and supporting the RSAs regarding their management of operational risk as well as bringing insights and suggestions to the community.
• Identifies and assists with the improvements in the execution of TPRM and work with Enterprise Third-Party Risk Management (ETPRM) and the RSAs to implement the most effective and efficient oversight program for the Enterprise possible, leveraging industry best practices to the extent applicable.
• Drives consistency and quality in the execution of TPRM across the Enterprise,
• Develops relationships with Operating Group and RSA leaders to ensure clarity of roles and responsibilities, to identify potential improvements in the program and, when necessary, to provide effective challenge.
• Establishes and enhances issue escalation processes and to ensure compliance with the processes.
• Visibly promotes strong third-party risk management and subsequent operational risk management culture and awareness.
• Ensures understanding by the business, providing guidance where necessary, on the Bank's Operational Risk Management Framework and linkages to the TPRM Operating Directive to ensure the business meets their accountabilities as the first line of defense.
• Supports the identification and recommendation of third party risk management improvement opportunities.
• Acts as a leader in identifying opportunities to improve the effectiveness and efficiency of third-party risk oversight and its direct impact to Operational Risk Management in the organization.
• Works with RSAs and Operating Groups to build and maintain relationships across third-party risk landscape and collaborate with other industry contacts (internal and external for the purpose of enhancing business effectiveness
• Promotes and supports the Bank's risk culture including ensuring employees understand their accountabilities for risk-taking activities, promoting an environment of open communication and effective challenge, and establishing the "tone from the top" through leading by example.
• Develops leaders, plans for succession, and fosters a high-performance culture.
• Leads, promotes, and reinforces the Bank's customer focus to support our vision.
• Drives sustainable improvements in customer loyalty and business growth.
• Adheres and supports enterprise customer experience and brand standards.
• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviors in all that they do.
• Ensures alignment between values and behavior that fosters diversity and inclusion.
• Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
• Attracts, retains, and enables the career development of top talent.
• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
• Acts as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives.
• Develops an expert understanding of business/group challenges.
• Acts as a subject matter expert on relevant regulations and policies.
• Identifies emerging issues and trends to inform decision-making.
• Networks with industry contacts to gather competitive insights and best practices.
• Recommends measures to improve organizational effectiveness.
• May consult to or serve on various committees and task forces.
• Prepares quarterly management interpretation documents as required.
• Provides specialized support to investigate and resolve complex issues as escalated by end-users or assigned by management.
• Supports management and implementation of documentation / process controls / knowledge assets required for the program operations.
• Reviews the third party management program/processes for effectiveness, considers industry trends and recommends enhancements.
• Supports the development and promotion of a business/group third party management program solution.
• Executes work to deliver timely, accurate, and efficient service for routine & non-routine transactions related to the program execution.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Breaks down strategic problems, and analyses data and information to provide program insights and recommendations.
• Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO.
• Influences how teams/groups work together.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.
• Communicates abstract concepts in simple terms.
• Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives.
• Anticipates trends and responds by implementing appropriate changes.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically, 9+ years of relevant experience and/or certification in related field of study or an equivalent combination of education and experience.
• Knowledge and experience in managing third party programs - Expert.
• Seasoned expert with extensive industry knowledge.
• Technical leader viewed as a thought leader for innovation.
• Verbal & written communication skills - Expert.
• Analytical and problem solving skills - Expert.
• Influence skills - Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - Expert.
• Able to manage ambiguity.
• Data driven decision making - Expert.

Compensation and Benefits:
$128, $238,000.00

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:

We're here to help
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 committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. BMO is an equal opportunity/affirmative action employer.

All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.

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.

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