BMO U.S. · 2 days ago
Managing Director - Head, Fraud & Physical Security Oversight
Chicago, IL
Full-time
Onsite
Lead/Staff
$230K/yr - $260K/yrBMO U.S. is a financial institution focused on creating lasting positive change for its customers and communities. They are seeking a Managing Director to oversee non-financial risks related to fraud and physical security, ensuring compliance with regulatory requirements and managing significant risk exposures across the enterprise.
Banking
Responsibilities
Identifies, assesses, remediates and reports of all non-financial risks related to their area of expertise and ensures these risks are managed within the Risk appetite of the Bank
Delivers expert advice, credible challenge, and effective oversight across to identify, assess, control, and manage these risks throughout the company
Provides strategic future forward vision of the required maturity of these risk domains leveraging more predictive analytics
Plays a critical role in ensuring the company’s risk-taking entities are aware of the risks inherent in their activities and decisions, the impact of their actions on the company at an enterprise level, and opportunities to reduce, mitigate, or avoid risks altogether
Provides oversight over 1st line activities establishing the risk frameworks required to mitigate Non-Financial Risk exposures, to comply with regulatory requirements, Corporate Policies, Corporate Standards and other published directives that support these policies and standards
Provides subject matter expertise, specialist support, and oversight for transactions and circumstances representing significant risk exposures to the Enterprise
Ensures alignment between their respective risk framework and the NFRMF for consistency and to support the aggregation of results; reviews, provides Effective Challenge and monitors their respective sub‑risks so that Non-Financial Risk Profile is consistent with business strategy
Ensures appropriate actions are underway to manage significant Non-Financial Risk exposures, providing Effective Challenge and oversight as appropriate
Implements and maintains an appropriate monitoring, surveillance and/or assessment function that provides reasonable assurance of compliance with their respective policies and frameworks
Monitors non-financial sub-risks to ensure exposures are within Enterprise Non-Financial Risk tolerances and recommends corrective actions to be taken by Operating Group / Corporate Services when outside the established tolerances
Reviews and recommends changes to processes or procedures, and oversees any significant business unit corrective actions, as necessary
Reports an independent Non-Financial Risk Profile for their Non-Financial sub-risk category, or as required by the NFRMF
Serves as a leader in the Operational NFR risk oversight team, establishing a solid understanding of internal and external NFR risks within their area of expertise that can impact the organization’s overall business and value chain
Plays a key role in assessing and enhancing the organization’s NFR sub-risk capability maturity and maintains and updates risk models, identifying and developing innovative risk assessment techniques, and incorporates data driven risk assessment that are end to end vs point in time
Provides independent expertise during capability maturity reviews, preparing independent assessments of maturity levels, and developing reports for senior management. Identifies and assesses alternative approaches to risk mitigation and advises the business and stakeholder leadership with respect to trade-offs
Speaks authoritatively with regulatory officials with respect to existing controls, the risk management framework overall, and emerging threats and challenges
As part of the second line of defense, collaborates closely with associates corporate areas, technology, Lines of Business, and other risk management offices to perform and support evaluations of the firm’s NFR sub-risk capability maturity levels and offers independent advice and recommendations regarding ways to further mature the firm’s risk management capabilities. Contributes to the identification and analysis of new or emerging NFR sub-risks to the enterprise, and aid in integrating capabilities maturity assessment activities with other risk management programs across the enterprise
As a member of an evolving organization, brings clarity of roles and accountabilities within the organization structure and refines team and portfolio
Manage the conduct of independent evaluations of the firm’s information security, cybersecurity, cloud and technology capabilities, and provide expertise and advice on accelerating maturity of the firm’s cyber capabilities
Identifies and develops quantitative assessment of vulnerabilities, risks and remediation strategies, providing insights to senior leaders and other stakeholders including regulatory agencies and the Board of Directors, as needed
Drives a risk management focus taking a customer / resilience lens that promotes banks digital strategy while maintaining soundness of the bank
Stays current on emerging NFR sub-risk threats and potential implications to the firm and mentors/coaches more junior members of the team
Collaborates effectively with colleagues, stakeholders, and leaders across multiple organizations to achieve objectives
Leads program-related activities and deliverables to ensure effective collaboration within the team and across stakeholder groups
Ensures initiatives are compliant with regulatory standards and corporate policies, as well as with understanding and quantifying potential impact on profitability and firm reputation of these projects
Understands, reviews and help manage and mitigate key NFR sub-risks that impact the operational and business functions of the organization
Collaborates with business partners and Enterprise functions to design target state and interim NFR risk management tool architecture
Drives the evolution and development of the NFR sub-risk function and “appetite” view and the risk reporting requirements
Leads the development and implementation of key risk indicators (KRI’s), key performance indicators (KPI’s) that are risk-sensitive and adapting as new threats emerge
Within the mandate of this role, 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
Complies with the Bank’s Risk Appetite framework and ensures risk-taking activities remain within agreed limits and comply with all regulatory requirements
Role models driving simplicity and productivity enhancements for optimization across groups driving continuous improvement on key measures
Activates our winning culture, aligned with Purpose. Ignites engagement by aligning our culture to our strategy and fueling exceptional execution
Fosters diversity, equity and inclusion and creates an inclusive environment for all employees by eliminating barriers to inclusion
Develops leaders, plans for succession, and fosters a high-performance culture
Drives top talent acquisition and retention, developing organizational capabilities to drive competitive advantage
Leads and mentors a team with diverse risk and business experience, skills and orientation
Leads, promotes and reinforces the Bank’s customer focus to support our vision
Personally, role models customer focus
Drives sustainable improvements in customer loyalty and business growth
Adheres and supports enterprise customer experience and brand standards
Qualification
Required
Certified Fraud Examiner (CFE) and Certified Anti-Money Laundering Specialist (CAMS) credentials
Must be highly skilled NFR sub-risk professional who has a wealth of experience and a demonstrated ability to provide value-added recommendations and deliver high-impact results
Proven ability to manage a team and work independently in a fast-paced environment and can begin contributing immediately
Benefits
Health insurance
Tuition reimbursement
Accident and life insurance
Retirement savings plans
Company
BMO U.S.
We’re a bank, but there’s more to it than that. We're a top ten bank in North America and have been serving our customers since 1817.
Founded in 1882
5001-10000 employees
H1B Sponsorship
BMO U.S. has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (1)
2024 (11)
2023 (41)
2022 (22)
2021 (14)
2020 (21)
Funding
Current Stage
Late StageLeadership Team
Mike Morton
Vice Chair U.S. Commercial Banking
Recent News
2025-10-16
2025-09-23
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