The Operational Risk Manager will serve as a key member of the 2nd Line of Defense providing oversight, monitoring and reporting on operational risks for the firm’s Capital Markets businesses, with specific responsibility for overseeing operational risk forElectronic Trading (eTrading)activities. This oversight accountability includes the governance framework & practices leveraged across BMO to manage operational risks. Provides policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance as well as effective monitoring, timely reporting and identification of action plans.In addition, other Global Markets products, this role provides independent risk oversight across algorithmic trading, electronic market‑making, low‑latency trading, connectivity, and related technology and control frameworks. The ideal candidate combines deep capital markets product knowledge with a strong understanding of electronic execution platforms, trading controls, and the regulatory environment.Key CompetenciesStrong critical thinking and problem‑solving capabilities.Ability to balance technical understanding with risk management judgment.High integrity and commitment to robust control standards.Review trading incidents, system outages, and near‑misses; provide independent analysis and require remediation where necessary.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 trusted advisor to senior leaders for making business decisions and implementing strategic initiatives.Develops an expert understanding of business/group challenges.Networks with industry contacts to gather competitive insights and best practices.Recommends measures to improve organizational effectiveness.May consult to or serve on various committees and task forces.Interprets new regulations and assesses impacts to the governance framework.Influences and negotiates to achieve business objectives.Identifies emerging issues and trends to inform decision‑making.Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.Measures the effectiveness of risk governance system and framework; recommends changes as required.Conducts independent analysis and assessment to resolve strategic issues.Leads the development and maintenance of the governance system and framework.Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.Represents the model validation programme/portfolio for internal/external regulatory audits and/or examinations.Ensures alignment between stakeholders.Designs and produces regular and ad‑hoc reports, and dashboards.Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.Defines business requirements for analytics & reporting to ensure data insights inform business decision making.Leads change management programmes of varying scope and type, including readiness assessments, planning, stakeholder management, execution,



evaluation and sustainment of initiatives.Leads the development of the communication strategy focusing on positively influencing or changing behaviour.Assesses and adapts existing operational programmes; develops new capabilities to ensure ongoing success.Leads the execution of operational programmes; assesses and adapts as needed to ensure quality of execution.Manages the review and sign‑off process for relevant regulatory reporting.Leads and integrates the monitoring, measurement & reporting on the status of the operational risk governance programme to internal & external stakeholders.Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.May provide specialised support for other internal and external regulatory requirements.Provides input into the planning and implementation of ongoing operational programmes in support of the operational risk framework.Leads/participates in the design, implementation and management of core business/group processes.Administers and maintains operational risk programme activities in adherence to all policies, procedures and established processes.Identifies potential risk situations/impacts, and makes recommendations or escalates to the manager, as per guidelines.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 e.G. business stakeholders and Corporate Support Areas (CSAs) in providing ‘second line of defence’ operational risk‑management support.Analyzes data and information to provide insights and recommendations; includes identificationof risk impacts for new processes and workflows related to initiatives.Monitors and tracks performance; addresses any issues.Coordinates and monitors the review and sign‑off of attestations and reporting.Maintains tools and templates for operational risk programmes (e.G. Risk Control Self‑Assessment (RCSA), Sarbanes‑Oxley (SOX) or regulatory compliance), as required.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.Key AccountabilitiesIndependent Risk Oversight & Challenge – accountable for the development, oversight, and maintenance of the E‑Trading Operational Risk Enterprise Standard, ensuring alignment with regulatory expectations, and providing 2LOD oversight of front‑office electronic trading activities across Equities, Fixed Income, FX and/or Commodities. Also challenges first‑line risk assessments, control effectiveness and governance processes.Algorithmic trading design and deploymentPre‑trade and post‑trade controlsKill‑switches, throttles, drop‑copy feedsMarket access controls (SEC Rule 15c3‑5, MiFID II article 17, etc.)Risk Identification, Assessment & Monitoring – lead thematic risk assessments covering electronic execution, latency‑sensitive strategies, venue connectivity, model‑driven trading and infrastructure resilience. Evaluate risks associated with:Algo parameter governanceMarket data integrity and latencySmart order routing behaviourHigh‑volume messagingThird‑party vendor systems and APIsControls,



Issue Management & Regulatory Interaction – evaluate and challenge first‑line Process, Risks & Controls (PRC), controls monitoring and testing, and oversee remediation of electronic‑trading‑related issues, ensuring timely and sustainable resolution.Develop and enhance 2LOD monitoring tools and dashboards for electronic trading activity, analysing key risk indicators (KRIs) such as messaging rates, reject rates, latency metrics, algo performance anomalies, control trigger activity and adherence to limits, escalation thresholds, and automated control performance.QualificationsTypically 10+ years of relevant experience and post‑secondary degree in a related field of study or an equivalent combination of education and experience.Expert knowledge of operational risk management practices.Expert knowledge of the designated business / product portfolio.Expert knowledge of regulatory requirements.Expert knowledge of quantitative techniques and economic capital methodologies.Expert knowledge & experience with risk policy frameworks; quality control /testing frameworks.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.Required Qualifications10+ years of experience in operational risk, electronic trading, trading technology, or a related control function within a financial institution.Strong understanding of:Algorithmic trading workflowsMarket structure and microstructureFIX protocols and order lifecycleLow‑latency trading infrastructureFamiliarity with relevant regulatory requirements (e.G., SEC 15c3‑5, MiFID II, Reg SCI, CFTC requirements).Ability to analyse technical documentation such as trading system architectures, control maps and algo specifications.Excellent communication skills and ability to challenge senior front‑office stakeholders.Preferred QualificationsExperience in a 2LOD or 3LOD risk or audit function.Exposure to:Equities, FICC, or multi‑asset electronic tradingMarket access gatewaysSmart order routers and execution algorithmsUnderstanding of cloud‑based trading environments and cyber/technology risk considerations.Salary$121,600.00 – $211,800.00Pay TypeSalariedAbout UsAt 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 current 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 athttps://jobs.Bmo.Com/ca/enBMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.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.#J-18808-Ljbffr

📌 Director - Global Markets Operational Risk - $121,600 - $211,800 A Year (Toronto)
🏢 BMO
📍 Toronto