BMO · 4 hours ago
Risk Manager- Legal & Regulatory Compliance
Chicago, IL, USA
Full-time
Hybrid
Mid, Senior Level
$74K/yr - $138K/yr
5+ years expBMO is a leading financial institution committed to creating lasting, positive change for customers and communities. The Risk Manager will support a regulatory remediation program within Legal & Regulatory Compliance, focusing on policy assessments and compliance execution while coordinating with stakeholders.
BankingCrowdfundingFinanceFinancial Services
Responsibilities
Influences and negotiates to achieve business objectives
Guides/assists in the identification and classification of issues; recommends action plans
Recommends and implements solutions based on analysis of issues and implications for the business
Assists in the development of strategic plans
Identifies emerging issues and trends to inform decision-making
Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements
Helps determine business priorities and best sequence for execution of business/group strategy
Conducts independent analysis and assessment to resolve strategic issues
Leads the development and maintenance of the internal controls governance system and framework
Ensures alignment between stakeholders
Represents the internal control governance program/structure during internal/external regulatory audits and/or examinations
Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards
Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives
Leads or participates in defining the communication plan designed to positively influence or change behavior; develops tailored messaging; and identifies appropriate distribution channels
Leads and integrates the monitoring, measurement & reporting on the status of the internal controls governance framework/program to internal & external stakeholders
Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines
May provide specialized support for other internal and external regulatory requirements
Provides input into the planning and implementation of ongoing operational programs in support of the model validation/risk framework
Leads/participates in the design, implementation and management of core business/group processes
Develops governance and control-related solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs
Provides advice and guidance to assigned business/group on the implementation of the control framework, including effective challenge
Performs testing on design of controls as required e.g. observation, inspection, replication, recalculation to ensure risks are identified and controls are effective
Reviews processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls
Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken as necessary
Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures; management of review/updates to policies, etc
Consults with stakeholders to improve consistency and transparency of control measurement/metrics and reporting
Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks
Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/regulatory directives and guidance
Builds effective relationships with internal/external stakeholders
Ensures alignment between stakeholders
Analyzes data and information to provide insights and recommendations
Documents the internal control governance system, processes and framework to describe compliance requirements, activities, processes, roles & responsibilities
Develops tools, checklists and communications to address gaps, issues and new requirements
Monitors and tracks performance; addresses any issues
Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus
Provides specialized consulting, analytical and technical support
Exercises judgment to identify, diagnose, and solve problems within given rules
Works independently and regularly handles non-routine situations
Broader work or accountabilities may be assigned as needed
Qualification
Required
Typically between 5 - 7 years of risk management or audit experience and post-secondary degree in related field of study or an equivalent combination of education and experience
In-depth knowledge of banking and /or a regulatory environment
In-depth knowledge & experience with risk policy frameworks; quality control/testing frameworks. e.g. SOX 404, COBIT and COSO frameworks
Verbal & written communication skills - In-depth
Collaboration & team skills - In-depth
Analytical and problem solving skills - In-depth
Influence skills - In-depth
Data driven decision making - In-depth
Preferred
Experience in risk management, audit, compliance, governance and/or project management is preferred
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
2026-01-20
MarketScreener
2026-01-06
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