VP, Risk Portfolio Control

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BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

VP, Risk Portfolio Control sits within Capital Markets and is responsible for the production, analysis, and communication of risk metrics, dashboards, and management reporting. The role supports business management in monitoring adherence to the Risk Appetite Statement, identifying emerging risks, and driving timely management actions.

This role acts as a key interface between the business, 2nd Line Risk, and governance forums, ensuring risk information is accurate, timely, decision‑useful, and aligned to regulatory and internal expectations.

Key Responsibilities

Risk Reporting & Metrics

• Develop, maintain and articulate the Capital Markets risk profile
• Synthesize inputs across risk appetite metrics, KRIs, incidents, issues, control assessments, and emerging risks into a coherent risk view
• Ensure the risk profile reflects both current‑state exposure and forward‑looking risks
• Perform trend analysis and provide clear narrative and insights, not just data
• Monitor and report on risk appetite metrics, KRIs, and early‑warning indicators
• Ensure consistency of metrics with approved risk appetite statements and limits

Narrative & Management Insight

• Develop clear, executive‑level narrative explaining:
  • Why risks exist
  • What is driving changes
  • What management is doing about them

• Translate complex data into decision‑useful insights for senior management and committees

Governance & Escalation

• Prepare risk profile materials for management committees and governance forums

• Support senior management in articulating the 1LoD view of risk during committee discussions
• Respond to challenge from 2nd Line Risk by providing evidence‑based rationale
• Support risk escalation processes, including identification of breaches and emerging risks
• Prepare materials for management committees (e.g., RMC, business management forums)
• Track issues, action plans, and remediation progress tied to reported risks
• Ensure escalation thresholds and timelines are adhered to

Stakeholder Management

• Partner with business leaders to understand risk drivers and data inputs
• Coordinate with 2nd Line Risk and Compliance to ensure alignment and effective challenge
• Respond to ad‑hoc requests from senior management related to risk reporting

Data Quality & Controls

• Maintain strong data governance and control discipline over risk reporting inputs
• Identify and remediate data quality issues
• Support audits, reviews, and regulatory inquiries related to risk reporting

Emerging Risk & Change Management

• Identify and assess emerging risks, including impacts from:
  • Business changes
  • New products or initiatives
  • Regulatory developments
• Ensure emerging risks are appropriately reflected in reporting and escalation

Continuous Improvement

• Enhance dashboards and reporting to improve clarity, usability, and forward‑looking insight
• Contribute to the evolution of risk metrics, thresholds, and reporting standards
• Leverage automation and visualization tools where appropriate

Qualifications & Experience

• Undergraduate degree in Business Administration, Risk Management, Economics, Finance and/or relevant background.
• Minimum 5+ years of experience in banking or financial services, including exposure to 1st line internal control, in-business risk management, governance, and/or 2nd line risk subject matter roles
• Expertise in one or more risk and control areas, including but not limited to:
  • Non-Financial Risk
  • Market Risk
  • Credit Risk
• Demonstrated understanding of Capital Markets Front Office products, services, and end-to-end business processes
• Excellent communication, collaboration, and relationship management skills across technical and non-technical stakeholders
• Knowledge of risk management, audit, compliance, and governance practices.
• Knowledge of business and regulatory environment and related risk trends.
• Strong planning, prioritization, and organizational skills.
• Analytical and problem‑solving skills

The salary range for this role is $125,000 up to $190,000 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

Salary:

Pay Type:

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact.  We strive to help you make an impact from day one – for yourself and our customers.  We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.