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

BMO US
BMO US
Verified Company
Chicago, United States

4 weeks ago

Mark Lane

Posted by:

Mark Lane

beBee recruiter
Description
320 S Canal Street Chicago Illinois,60606


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
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This is a hybrid role requiring 2 days a week in the office
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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
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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
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Drives consistency and quality in the execution of TPRM across the Enterprise,:

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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
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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
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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
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Supports the identification and recommendation of third party risk management improvement opportunities
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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
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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:

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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
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Develops leaders, plans for succession, and fosters a high-performance culture
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Leads, promotes, and reinforces the Bank's customer focus to support our vision
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Drives sustainable improvements in customer loyalty and business growth
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Adheres and supports enterprise customer experience and brand standards
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Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviors in all that they do
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Ensures alignment between values and behavior that fosters diversity and inclusion
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Regularly connects work to BMO's purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through
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Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders
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Attracts, retains, and enables the career development of top talent
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Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance
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Acts as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives
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Develops an expert understanding of business/group challenges
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Identifies emerging issues and trends to inform decision-making
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Networks with industry contacts to gather competitive insights and best practices
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Recommends measures to improve organizational effectiveness
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May consult to or serve on various committees and task forces
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Prepares quarterly management interpretation documents as required
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Provides specialized support to investigate and resolve complex issues as escalated by end-users or assigned by management
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Supports management and implementation of documentation / process controls / knowledge assets required for the program operations
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Reviews the third party management program/processes for effectiveness, considers industry trends and recommends enhancements
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Supports the development and promotion of a business/group third party management program solution
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Executes work to deliver timely, accurate, and efficient service for routine & non-routine transactions related to the program execution
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Builds effective relationships with internal/external stakeholders
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Ensures alignment between stakeholders
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