BMO · 3 weeks ago
Director - Business Banking Compliance and Operational Risk Enablement
Chicago, IL, USA
Full-time
Onsite
Senior Level, Lead/Staff
$137K/yr - $238K/yr
9+ years expBMO is a leading financial institution dedicated to creating positive change in business and life. The Director of Business Banking Compliance and Operational Risk Enablement is responsible for implementing and overseeing compliance and operational risk programs, ensuring adherence to regulations while fostering a strong risk management culture across the organization.
BankingCrowdfundingFinanceFinancial Services
Responsibilities
Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do
Ensures alignment between values and behaviour 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 strategic partner to ensure the program elements becomes an integrated component of the overall business/group strategies
Develops an expert understanding of business/group challenges
Develops longer term program strategies assessing both internal needs & industry trends to deliver best-in-class programs for BMO
Supports multiple, varied business units with significant complexity & business transaction risk
Acts as a subject matter expert on relevant regulations and policies
Acts as a subject matter expert in the evaluation, development and implementation of an internal control system
Prepares and briefs senior leaders on regulatory matters across multiple businesses/groups
Monitors and advises on management of risk requirements within the defined risk appetite
Manages/supports large/complex risk programs/frameworks /projects/initiatives to ensure risks are appropriately mitigated and regulations adhered to
Monitors industry and legislative developments and continuously updates programs to ensure they are competitive and effective
Supports the position on regulatory compliance issues by interpreting requirements (existing, new and emerging) and identifying, analysing and addressing resultant gaps and issues, including those raised through the review of change initiatives
Understands the identified risk exposures and supports the development of action plans required to mitigate identified risks
Represents the business/group on Governance/Risk Working Groups/Forums and provides regular updates
May establish/manage a 1st LOD control group to oversee business/group adherence to the applicable risk managements requirements. May include evaluating the effectiveness of the controls, reporting on risk assessments and reviews, ensuring the business/group management addresses any identified risks and control deficiencies and the provision of advice and guidance to management concerning the design, and operation of the business/group controls
May consult to or serve on various committees and task forces
Directs strategic programs that impact BMO and provides integrated management of subsidiary projects and internal or external stakeholders
Provides overall program level change leadership to ensure program vision and objectives are achieved and effectively integrated across BMO
Builds effective relationships with internal/external stakeholders
Ensures alignment between stakeholders
Acts as the prime contact for internal/external stakeholder relationships, which may include regulators
Monitors and tracks performance, and addresses any issues
Breaks down strategic problems, and analyses data and information to provide insights and recommendations
Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives
Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution
Monitoring to ensure that 1st line jobs are following defined processes and procedures
Develops, documents and maintains business/group procedures updating and obtaining approvals as regulations or the operating environment changes and communicates changes to the business/group & relevant stakeholder groups
Designs measurable sustainment strategies including assessing and recommending mitigations for industry/ segment-specific risks and prioritizing opportunities presented by internal and external stakeholders
Tracks exception/exemption requests and corresponding approvals
Facilitates training to ensure business unit employees fully understand requirements
Provides quality control for investigations, self-reports, examinations and independent reviews conducted by internal and external stakeholders, including regulators, providing verbal and written responses to requests for positions, action plans, information and/or documentation
May act as the designated Primary Business Unit Compliance Officer (BUCO) and/or Anti-Money Laundering Reporting Officer for the operating group and is accountable to meet all program requirements (e.g., Operating Group Compliance Program, AML Program Framework)
Builds awareness, knowledge, and skills and, as necessary, provides communication, practical tools and ongoing support including making presentations, to promote a culture of risk identification and management
Supports the management of 1st LOD program for the business/group in compliance with appropriate principles, standards & direction from the second line of defense groups. Includes developing and promoting program and ensuring the execution of all program components
Works with assigned business/group leaders to implement 1st LOD programs and frameworks, developing and maintaining an in-depth understanding of the applicable regulatory and internal risk management requirements. Interprets and provides advice on the application of the requirements for the business/group
Develops and maintains an understanding of the business/group strategies and objectives, products and services, internal and external stakeholders and business processes as well as the underlying infrastructure to identify and manage implications and risk exposures for the business/group
Identifies, investigates, analyzes, documents & mitigates program risks, taking into account jurisdictional issues, and raises any issues or concerns to senior leaders and other stakeholders
Analyzes the impact and effectiveness of the program through periodic reviews
Recommends adjustments to the overall program, policy or processes within the business/group in accordance with the Risk Appetite Statement, Governance and Corporate Policy
Supports the business/group through internal/external audits or regulatory examinations and assists in development of action plans to resolve any identified issues
Provides support to the development and delivery of training and awareness programs within the business/group to increase awareness of and compliance to risk management requirements
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
Qualification
Required
Typically 9+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience
Program management skills - 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
Benefits
Health insurance
Tuition reimbursement
Accident and life insurance
Retirement savings plans
Company
BMO
We’re a bank, but there’s more to it than that. When you join BMO, it opens a world of opportunities.
10001+ employees
H1B Sponsorship
BMO 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 (7)
2024 (2)
2023 (6)
2022 (4)
2021 (2)
2020 (2)
Funding
Current Stage
Public CompanyTotal Funding
$7.54B2025-10-23Post Ipo Debt· $142.91M
2025-02-26Post Ipo Debt· $871.76M
2024-07-09Post Ipo Debt· $750M
Leadership Team
David Casper
U.S. Chief Executive Officer
Azam Dawood
Head Of Sourcing
Recent News
MarketScreener
2026-01-06
2025-12-24
2025-12-18
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