Risk Reporting Standards and Operations - Job Opportunity at BMO Financial Group

Toronto, Canada
Full-time
Senior
Posted: March 17, 2025
On-site
CAD 68,000-126,000 per year

Benefits

Comprehensive health insurance with market-competitive coverage
Tuition reimbursement program supporting professional development
Life and accident insurance protection
Retirement savings plans with employer contributions
Performance-based incentives and discretionary bonuses

Key Responsibilities

Lead enterprise-wide risk reporting strategy and execution across multiple risk disciplines
Design and implement risk reporting standards and governance frameworks
Develop executive and board-level risk management reporting solutions
Coordinate cross-functional stakeholder relationships including regulatory bodies
Drive process optimization and performance metrics for reporting efficiency
Manage risk data quality and analytical model development

Requirements

Education

Post-secondary degree in related field

Experience

5-7 years of relevant experience

Required Skills

Risk management metrics and KPIs/KRIs expertise Deep knowledge of regulatory requirements Advanced reporting & analytics capabilities Risk systems technology proficiency Strong verbal & written communication Collaboration and team leadership Advanced analytical and problem-solving ability Data-driven decision making Influence and stakeholder management
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Sauge AI Market Intelligence

Industry Trends

Financial institutions are increasingly focusing on integrated risk management frameworks due to evolving regulatory requirements and market complexity Advanced analytics and AI integration in risk reporting is becoming a key differentiator Growing emphasis on real-time risk monitoring and reporting capabilities Heightened focus on climate risk and ESG reporting integration

Salary Evaluation

The offered salary range aligns with market standards for senior risk roles in major Canadian financial institutions, with total compensation potentially reaching CAD 150,000+ including bonuses

Role Significance

Typically leads or collaborates with a team of 5-8 risk analysts while coordinating with multiple stakeholder groups
Senior specialist position with enterprise-wide impact and direct influence on executive decision-making

Key Projects

Enterprise risk reporting framework implementation Regulatory compliance reporting automation Risk analytics dashboard development Cross-functional process optimization initiatives

Success Factors

Strong understanding of regulatory landscape and ability to anticipate changes Excellence in stakeholder management across multiple organizational levels Advanced analytical capabilities combined with business acumen Ability to translate complex risk concepts into actionable insights

Market Demand

High demand position due to increasing regulatory requirements and the critical nature of risk management in financial institutions

Important Skills

Critical Skills

Risk analytics and modeling expertise - Essential for developing and maintaining risk assessment frameworks Stakeholder management - Critical for coordinating with multiple business units and regulatory bodies Technical proficiency - Required for managing complex risk reporting systems

Beneficial Skills

Project management certification Advanced data visualization skills Knowledge of emerging risk management technologies Experience with regulatory communications

Unique Aspects

Role combines technical risk expertise with strategic business partnership
Direct involvement in board-level reporting and decision-making
Opportunity to influence enterprise-wide risk management practices
Strong focus on innovation in risk reporting methodologies

Career Growth

2-3 years in role typically required before advancement, with potential fast-track opportunities based on performance

Potential Next Roles

Head of Risk Reporting Director of Enterprise Risk Management Senior Risk Analytics Manager Risk Governance Lead

Company Overview

BMO Financial Group

BMO Financial Group is one of Canada's "Big Five" banks with a strong international presence and over 200 years of history

Among top 10 largest banks in North America by assets, known for strong risk management practices
Headquarters in Toronto with significant operations across Canada and international markets
Professional environment with strong emphasis on risk management, compliance, and professional development
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