About the Role
This Senior Manager role within the Enterprise Third-Party Risk Management (TPRM) team provides a unique opportunity to shape the design and evolution of the enterprise TPRM Framework, while delivering strong 2nd Line Operational Risk oversight across the third-party lifecycle. You will collaborate with senior leaders, subject matter experts, and cross-functional partners to strengthen our risk management ecosystem and ensure adherence to regulatory expectations.
Mandate
As part of the TPRM team, you will actively contribute to:
Designing, enhancing, and maintaining the enterprise-wide TPRM Framework, including policies, standards, assessment methodologies, and lifecycle requirements.
Ensuring alignment of TPRM practices with regulatory expectations.
Providing 2nd Line Operational Risk oversight and effective challenge over Line-of-Business third-party risk-taking activities.
Ensuring adherence to the Enterprise Operational Risk Management Framework.
Responsibilities
Design and Enhancement of TPRM Framework
Support the development and implementation of the Third-Party Risk Management Framework, Standards, and supporting guidance used across the enterprise.
Strengthen TPRM methodologies for identification, assessment, monitoring, and reporting of third-party risks.
Provide insight into emerging regulatory requirements, industry practices, and evolving risk trends.
Collaborate with Technology, Cyber, Data and AI Risk Management SMEs, Operational Risk Officers, and others to ensure comprehensive integration of Third-Party Risk
Operational Risk Oversight & Effective Challenge
Deliver 2nd Line oversight and effective challenge on Line-of-Business third-party activities, ensuring risks are appropriately identified, assessed, managed, monitored, and reported.
Review and challenge high-risk engagement assessments, due diligence, control effectiveness, monitoring outcomes, and issue remediation.
Evaluate adequacy of KRIs, dashboards, and reporting used to monitor third-party risk exposures.
Provide subject matter expertise during operational risk events involving third parties.
Data, Analytics & Reporting
Support development of enterprise reporting for Third-Party Risk, including dashboards, committee reporting, and trend analysis.
Analyze internal and external data sources to identify risk themes, patterns, and insights.
Contribute to enhancements in automation, data quality, and business intelligence capabilities.
Regulatory Engagement
Support regulatory exams and supervisory engagements involving Third-Party Risk.
Interpret regulatory changes and support the communication of expectations to impacted stakeholders.
Aid in preparation of responses, documentation, and remediation actions associated with findings.
Relationship Management
Build strong relationships with 1st and 2nd Line business partners involved in Third-Party and Operational Risk activities.
Partner with Procurement, Technology, Cybersecurity, Data and AI, and Operational Risk teams to align oversight practices.
Promote a culture of transparency, challenge, and continuous improvement.
Requirements
Qualifications
- Undergraduate degree required; graduate degree or professional certification (e.g., CRVPM, CRISC, CISM, ORM) preferred.
- 7–10+ years of combined experience in Operational Risk Management, Third-Party Risk, Vendor Risk, or related risk disciplines.
- Strong experience in 2nd Line oversight and effective challenge.
- Deep understanding of Third-Party Risk lifecycle processes and associated regulatory expectations.
- Exposure to cyber or technology risk oversight is a strong advantage.
- Strong analytical, reporting, and communication abilities.
- Ability to manage multiple priorities, influence stakeholders, and drive meaningful improvement.
About the Company
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. BMO provides personal and commercial banking, global markets and investment banking services to 13 million customers and clients. And with over 54,000 employees, we take caring for our people seriously.
When you join BMO, it opens a world of opportunities. This is a team that's committed to helping you succeed – personally and professionally. Because at BMO, when you grow, we grow.
You know your worth and so do we. That’s why we offer the right mix of learning programs, on-the-job experiences, and opportunities to build personal and professional connections – so you can build a meaningful career and thrive as a part of a winning culture.