BMO

Address:

About the Role

We are seeking a detail‑oriented and analytically strong Non‑Model Risk Reviewer to support the independent review, challenge, and governance of non-model tools used across the organization. These tools include quantitative calculators, automated spreadsheets, decision rules, pricing tools, scenario generators, and other processes that inform business decisions but do not meet the definition of a formal model under enterprise Model Risk policies.

This role ensures these tools are fit for purpose, accurate, well‑controlled, and compliant with internal standards.

Key Responsibilities

1. Independent Review & Validation

• Conduct independent assessment of non-model tools, including calculators, spreadsheets, rules-based engines, decision aids, and vendor utilities.
• Evaluate conceptual soundness, design logic, assumptions, and inputs/outputs.
• Perform replication testing, benchmarking, and sensitivity analysis where appropriate.
• Assess the adequacy of documentation, governance, change controls, and user access.

2. Risk Assessment & Classification

• Determine risk tiering (e.g., high, medium, low) of non-model tools in accordance with enterprise standards.
• Identify inherent risks (operational, data, implementation, usage).
• Assess compensating controls and make recommendations for risk mitigation.

3. Governance & Policy Compliance

• Ensure compliance with the enterprise Non‑Model Risk Framework, Model Risk Policy, and Operational Risk Standards.
• Provide effective challenge to tool owners, developers, and business partners.
• Maintain accurate inventory records and lifecycle management documentation.

4. Reporting & Communication

• Prepare clear and concise review reports, issue logs, and remediation recommendations.
• Communicate findings to developers, business owners, risk committees, and senior management.
• Track remediation progress and perform closure verification.

Qualifications

Required

• Bachelor’s degree in Finance, Mathematics, Engineering, Computer Science, Economics, or related field.
• Strong analytical ability and attention to detail.
• Experience reviewing spreadsheets, calculators, or rules-based tools.
• Familiarity with operational risk or model risk governance principles.
• Strong communication and documentation skills.

Preferred

• 2+ years’ experience in Risk Management, MRM, Audit, or a quantitative/business analytics function.
• Knowledge of tool validation, model validation, or internal audit methodologies.
• Proficiency in Excel/VBA, Python, SQL, or other analytical tools.
• Understanding of data quality, controls, and system implementation testing.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.

• 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.
• Provides strategic input into business decisions as a trusted advisor.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies.
• May network with industry contacts to gain competitive insights and best practices.
• Interprets new regulations and assesses impacts to the program / portfolio validation 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 validation and monitoring framework; recommends changes as required.
• Conducts independent analysis and assessment to resolve strategic issues.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Represents the model validation program / 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 programs 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.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Leads the research and development for validation of new types of models.
• Leads and integrates the monitoring, measurement & reporting of the status of the model validation program / portfolio to internal & external stakeholders.
• Provides input into the planning and implementation of ongoing operational programs in support of the model vetting framework and portfolio.
• Leads in the design, implementation and management of core business/group processes.
• Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
• Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.
• Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.
• Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
• Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.
• 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.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• Broader work or accountabilities may be assigned as needed.

  Qualifications:

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth / expert knowledge and understanding of model validation, model risk management practices.
• In-depth / expert knowledge of regulatory requirements.
• In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• Seasoned professional with a combination of education, experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

Knowledge:

• 5+ years of experience in AML, fraud or marketing campaign model validation, model development or a related position; or equivalent experience in credit risk models
• Outstanding knowledge and relevant training in data mining, machine learning, and various statistical analysis techniques, with demonstrated experience pertaining to machine learning/statistical modeling.
• Experience in supervising or coaching junior team member(s) 
• In-depth knowledge of industry best practices and understanding of AML regulatory requirements and the evolvement of in the regulations in AML, fraud and lending practices across jurisdictions.
• Good Knowledge of the bank’s different lines of business and various products offered.

• Skills:

• Analytical, detail-oriented, well-organized, highly self-motivated with good interpersonal skills
• Good ability of conflict-solving and to collaboratively work with first line model owner and developers.
• Proficiency in statistical and database modeling tools, particularly Python, SAS, R, SQL, Access/VBA, etc.   
• Effective time management skills and multi-tasking skills to effectively deliver concurrent projects with completing timelines.
• Ability to supervise and lead junior team members to complete complex projects.
• Strong written and verbal communication skills; skilled at explaining complex concepts ad processes in simple language

• Education and Accreditations:

• An advanced degree (Maters, PhD) in a quantitative discipline, ideally in mathematics, statistics, computer science or engineering

Main Responsibilities include but not limited to:

Model validation (60%)

• Support the Director of Behavioral Analytics Model Validation in the development and execution of overall validation work plan
• Independently validate and/or guide junior analyst(s) to validate new and existing AML, Fraud and other customer behavioral analytics models with a concentration on models used for BMO Canada, US and international lines of business. 
• Ensure the assigned validation projects are completed within required timeline and in compliance with the model risk management framework requirement.
• Provide effective challenge and communicate identified model risk to the first line model owners and developers to ensure the risk are well understood and mitigation actions are taken; escalating where necessary to senior management.
• Provide consultancy to the senior management and first line model owner and developer regarding the technical model issues of the AML and fraud models.
• Report writing and model inventory data attributes maintenance.
• Keep abreast of latest development in financial crime and AI/ML modeling techniques.

Managerial Leadership (25%)

• Host regulator update meeting on assigned projects to both MV senior management and the first line model owners and developers.
• Provide day-to-day supervision and training to the junior analyst, and review work completed by the reporting analyst before the draft report and recommendation are submitted to MV Director for approval
• Support the MV director to identify and implement improvement to work, process and systems to ensure operational effectiveness. 
• Support various ad-hoc reporting requests from senior management, internal audit and regulators
• Manage HR administration requests of the junior analyst

Governance (15%)

• Assist the MV Director to ensure all models covered by the team meet the requirement of the Enterprise Model Risk Management Framework, e.g., all AML and fraud models used by the bank are validated and approved and issues identified are mitigated properly.  
• Support the MV Director to ensure all validation review work is conducted in accordance to defined model validation process, and in compliance with all bank and regulatory requirements. 

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Role Summary

The Control Tester and Advisor – Data & AI Governance is responsible for executing and leading control testing activities and providing risk and control advisory support related to Data Governance and AI Governance.

This role assesses design effectiveness and operating effectiveness of controls, performs end-to-end process walkthroughs, analyzes governance artifacts, and identifies, documents, and communicates control issues. In addition, the role partners with business, technology, and risk teams to provide advisory support on risk identification, control design, process improvements, and risk assessment activities related to data and AI governance.

The role requires strong testing judgment, the ability to develop and execute test steps, and the ability to provide practical, risk-based advice while maintaining independence and objectivity.

Key Responsibilities

Control Testing & Assessment

• Execute design effectiveness (DE) and operating effectiveness (OE) testing of controls related to Data Governance and AI Governance, including data quality, data management, AI lifecycle governance, and ethical AI controls.
• Develop and document test steps and test scripts aligned to approved testing methodologies and risk frameworks.
• Perform reperformance testing, sampling, and evidence validation to assess control execution.
• Apply professional judgment to determine control effectiveness, identify control gaps, and assess residual risk.

Advisory, Risk & Control Support

• Provide risk, control, and process advisory support to business and technology partners related to Data and AI governance.
• Advise on control design, control enhancements, and process improvements to address identified risks or emerging governance expectations.
• Support and provide input into risk assessments, including identification of inherent risks, evaluation of mitigating controls, and assessment of control coverage.
• Assist stakeholders in understanding risk and control expectations, governance standards, and testing outcomes.
• Offer guidance on data and AI governance best practices, including alignment to internal policies, standards, and risk frameworks.
• Support proactive risk management efforts by identifying potential control weaknesses or governance gaps outside of formal testing cycles.

Process Understanding & Walkthroughs

• Lead and conduct walkthroughs with control owners and stakeholders to understand end-to-end processes related to in-scope control activities.
• Document process flows, control descriptions, and key risks based on walkthroughs and artifact reviews.
• Develop and maintain a working understanding of how data and AI controls operate within business and technology processes, enabling both testing and advisory activities.

Artifact Review & Analysis

• Analyze and assess business and governance artifacts, including:
  • Data governance policies, standards, and procedures
  • Data lineage, metadata, and data quality documentation
  • AI governance artifacts (e.g., model lifecycle documentation, approvals, monitoring evidence)
• Evaluate whether artifacts sufficiently demonstrate control design, operating effectiveness, and risk mitigation.
• Provide advisory feedback to stakeholders where artifacts or documentation do not fully support risk and control expectations.

Issue Identification, Risk Insight & Communication

• Identify, document, and clearly articulate control deficiencies, design gaps, and operating issues, including root cause analysis.
• Draft clear, risk-based issue descriptions and contribute to discussions on risk severity and impact.
• Provide actionable, practical recommendations that balance risk mitigation with business and operational considerations.
• Communicate testing results, risk insights, and advisory recommendations to stakeholders in a clear and professional manner.

Stakeholder, Business & Risk Partner Engagement

• Act as a primary testing and advisory contact for business partners, technology teams, and risk partners for assigned areas.
• Partner with stakeholders to clarify control intent, evidence expectations, risk ownership, and remediation approaches.
• Support ongoing governance forums, working groups, or risk discussions related to Data and AI governance.
• Contribute to continuous improvement of Data & AI governance testing and advisory practices.

Documentation & Quality

• Create and maintain high-quality testing and advisory documentation, including workpapers, test scripts, walkthrough notes, risk assessments, and conclusions.
• Ensure work meets quality standards, methodology requirements, and service level expectations while maintaining appropriate independence.

Qualifications

Required

• 3–5 years of relevant experience in control testing, risk management, audit, governance, or advisory functions.
• Demonstrated experience performing control design and operating effectiveness testing.
• Experience supporting or contributing to risk assessments and control evaluations.
• Strong analytical skills with the ability to interpret complex governance, risk, and technical artifacts.
• Strong written and verbal communication skills, including issue write-ups and advisory discussions.

• Required: CISA, CRISC or CGRC. Preferred: CDMP or AIGP

Preferred

• Experience in Data Governance, AI Governance, Model Risk Management, or Technology Risk.
• Familiarity with data management concepts, AI/ML model lifecycles, and governance frameworks.
• Experience balancing independent testing responsibilities with advisory and consultative support.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Job Family Group:

Role Summary

The Control Tester and Advisor – Data & AI Governance is responsible for executing and leading control testing activities and providing risk and control advisory support related to Data Governance and AI Governance.

This role assesses design effectiveness and operating effectiveness of controls, performs end-to-end process walkthroughs, analyzes governance artifacts, and identifies, documents, and communicates control issues. In addition, the role partners with business, technology, and risk teams to provide advisory support on risk identification, control design, process improvements, and risk assessment activities related to data and AI governance.

The role requires strong testing judgment, the ability to develop and execute test steps, and the ability to provide practical, risk-based advice while maintaining independence and objectivity.

Key Responsibilities

Control Testing & Assessment

• Execute design effectiveness (DE) and operating effectiveness (OE) testing of controls related to Data Governance and AI Governance, including data quality, data management, AI lifecycle governance, and ethical AI controls.
• Develop and document test steps and test scripts aligned to approved testing methodologies and risk frameworks.
• Perform reperformance testing, sampling, and evidence validation to assess control execution.
• Apply professional judgment to determine control effectiveness, identify control gaps, and assess residual risk.

Advisory, Risk & Control Support

• Provide risk, control, and process advisory support to business and technology partners related to Data and AI governance.
• Advise on control design, control enhancements, and process improvements to address identified risks or emerging governance expectations.
• Support and provide input into risk assessments, including identification of inherent risks, evaluation of mitigating controls, and assessment of control coverage.
• Assist stakeholders in understanding risk and control expectations, governance standards, and testing outcomes.
• Offer guidance on data and AI governance best practices, including alignment to internal policies, standards, and risk frameworks.
• Support proactive risk management efforts by identifying potential control weaknesses or governance gaps outside of formal testing cycles.

Process Understanding & Walkthroughs

• Lead and conduct walkthroughs with control owners and stakeholders to understand end-to-end processes related to in-scope control activities.
• Document process flows, control descriptions, and key risks based on walkthroughs and artifact reviews.
• Develop and maintain a working understanding of how data and AI controls operate within business and technology processes, enabling both testing and advisory activities.

Artifact Review & Analysis

• Analyze and assess business and governance artifacts, including:
  • Data governance policies, standards, and procedures
  • Data lineage, metadata, and data quality documentation
  • AI governance artifacts (e.g., model lifecycle documentation, approvals, monitoring evidence)
• Evaluate whether artifacts sufficiently demonstrate control design, operating effectiveness, and risk mitigation.
• Provide advisory feedback to stakeholders where artifacts or documentation do not fully support risk and control expectations.

Issue Identification, Risk Insight & Communication

• Identify, document, and clearly articulate control deficiencies, design gaps, and operating issues, including root cause analysis.
• Draft clear, risk-based issue descriptions and contribute to discussions on risk severity and impact.
• Provide actionable, practical recommendations that balance risk mitigation with business and operational considerations.
• Communicate testing results, risk insights, and advisory recommendations to stakeholders in a clear and professional manner.

Stakeholder, Business & Risk Partner Engagement

• Act as a primary testing and advisory contact for business partners, technology teams, and risk partners for assigned areas.
• Partner with stakeholders to clarify control intent, evidence expectations, risk ownership, and remediation approaches.
• Support ongoing governance forums, working groups, or risk discussions related to Data and AI governance.
• Contribute to continuous improvement of Data & AI governance testing and advisory practices.

Documentation & Quality

• Create and maintain high-quality testing and advisory documentation, including workpapers, test scripts, walkthrough notes, risk assessments, and conclusions.
• Ensure work meets quality standards, methodology requirements, and service level expectations while maintaining appropriate independence.

Qualifications

Required

• 3–5 years of relevant experience in control testing, risk management, audit, governance, or advisory functions.
• Demonstrated experience performing control design and operating effectiveness testing.
• Experience supporting or contributing to risk assessments and control evaluations.
• Strong analytical skills with the ability to interpret complex governance, risk, and technical artifacts.
• Strong written and verbal communication skills, including issue write-ups and advisory discussions.

• Required: CISA, CRISC or CGRC. Preferred: CDMP or AIGP

Preferred

• Experience in Data Governance, AI Governance, Model Risk Management, or Technology Risk.
• Familiarity with data management concepts, AI/ML model lifecycles, and governance frameworks.
• Experience balancing independent testing responsibilities with advisory and consultative support.

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.

Address:

Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.

• 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.
• Provides strategic input into business decisions as a trusted advisor.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies.
• May network with industry contacts to gain competitive insights and best practices.
• Interprets new regulations and assesses impacts to the program / portfolio validation 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 validation and monitoring framework; recommends changes as required.
• Conducts independent analysis and assessment to resolve strategic issues.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Represents the model validation program / 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 programs 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.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Leads the research and development for validation of new types of models.
• Leads and integrates the monitoring, measurement & reporting of the status of the model validation program / portfolio to internal & external stakeholders.
• Provides input into the planning and implementation of ongoing operational programs in support of the model vetting framework and portfolio.
• Leads in the design, implementation and management of core business/group processes.
• Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
• Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.
• Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.
• Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
• Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.
• 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.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• Broader work or accountabilities may be assigned as needed.

  Qualifications:

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth / expert knowledge and understanding of model validation, model risk management practices.
• In-depth / expert knowledge of regulatory requirements.
• In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• Seasoned professional with a combination of education, experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Role Summary

The Control Tester – Data & AI Governance is responsible for executing and leading control testing activities related to Data Governance and AI Governance. This role focuses on assessing design effectiveness and operating effectiveness of controls, understanding end‑to‑end processes through walkthroughs, analyzing governance artifacts, and identifying, documenting, and communicating control issues.

The role requires strong testing judgment, the ability to develop and execute test steps, and effective communication with business partners, risk partners, and control owners.

Key Responsibilities

Control Testing & Assessment

• Execute design effectiveness (DE) and operating effectiveness (OE) testing of controls related to Data Governance and AI Governance, including data quality, data management, AI lifecycle governance, and ethical AI controls.
• Develop and document test steps and test scripts aligned to approved testing methodologies and risk frameworks.
• Perform reperformance testing, sampling, and evidence validation to assess control execution
• Apply professional judgment to determine control effectiveness and identify control gaps.

Process Understanding & Walkthroughs

• Lead and conduct walkthroughs with control owners and stakeholders to understand end‑to‑end processes related to in-scope control activities
• Document process overviews, analyze control descriptions and key risks based on walkthroughs and artifact review.
• Maintain a working understanding of how data and AI controls operate within business and technology processes.

Artifact Review & Analysis

• Analyze and assess business and governance artifacts, including:
  • Data governance policies, standards, and procedures
  • Data lineage and data quality documentation
  • AI governance artifacts (e.g., model governance documentation, lifecycle controls, approval evidence)
• Evaluate whether artifacts sufficiently demonstrate control design and operation.

Issue Identification & Communication

• Identify, document, and clearly articulate control deficiencies, design gaps, and operating issues, including root cause analysis.
• Draft clear, risk‑based issue descriptions and support issue validation discussions with business and risk partners.
• Communicate testing results, issues, and recommendations to stakeholders in a clear and professional manner.

Stakeholder & Risk Partner Engagement

• Act as a primary testing contact for business partners, technology teams, and risk partners for assigned controls.
• Support ongoing dialogue to clarify control intent, evidence expectations, and remediation actions.
• Contribute to continuous improvement of Data & AI governance testing practices.

Documentation & Quality

• Create and maintain high‑quality testing documentation, including workpapers, test scripts, walkthrough notes, and testing conclusions.
• Ensure testing work meets quality standards, methodology requirements, and service level expectations.

Qualifications

Required

• 3–5 years of relevant experience in control testing, risk management, audit, or governance functions.
• Demonstrated experience performing control design and operating effectiveness testing.
• Ability to understand and document business and technology processes through walkthroughs.
• Strong analytical skills with the ability to interpret complex governance and technical artifacts.
• Strong written and verbal communication skills, including issue writeups and stakeholder discussions.

Preferred

• Experience in Data Governance, AI Governance, Model Risk Management, or Technology Risk.
• Familiarity with data management concepts, AI/ML model lifecycles, and governance frameworks.
• Experience engaging directly with business and risk partners in a testing or oversight capacity.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Model Validation (75%)

• Support senior managers in the development and execution of overall work plan
• Manage assigned validation/review projects and ensure a timely delivery of the validation report with high quality.
• Support senior managers in the on-going monitoring of AML and Fraud models to identify early warning of model performance deterioration and ensure proper mitigation/action plan in place in such situations;
• Perform research and analysis of applicable methodologies; benchmark model owners’ approaches; and present and recommend appropriate alternative for model developers;
• Produce validation reports, with clarify of issues and actionable items, including recommendations, to help the lines of business enhance the validated model
• Ensure model inventory is accurate and up-to-date, reflecting the model attributes as evidenced in relevant documentations.
• Provide regular updates on the assigned vetting/review, including a regular review of models/methodologies implemented and ensure that high model risk issues are raised and addressed at appropriate management level
• Keep abreast with advances in credit risk analytics developments and applications by vendors, consultants, regulatory agencies and competitors. Recommend/develop enhancements appropriate for the Bank

Relationship Management (5%)

• Partner with the lines of business, corporate functions, and ERPM to enhance understanding of model risks relating to Corporate Risk models and ensure transparency of models used in their respective areas
• Build and manage relationships with the line of business/risk managers/executives in the joint implementation of strategic changes in the business by assisting model development via parallel-to-development model risk consulting. Act as internal consultant to proactively help the lines of business manage its’ model risk
• Provide support to large-scale projects as required and subject matter advisory support to other work streams as appropriate
• Develop relationships with other financial institutions; provide ongoing peer benchmarking support

Managerial Leadership (5%)

• Support the Senior Manager to continuously provide training to (internal or external) junior resources on model risk and/or validation related matters.

Governance (5%)

• Communicate model risk issues to the lines of business to ensure identified model risks are well understood and appropriate model risk mitigation actions implemented, escalating where necessary to the Senior Manager.
• Assist the Senior Manager to ensure all models covered by the team meet the requirement of the Enterprise Model Risk Management Framework,
• Assist the Senior Manager to ensure all models covered by the team are vetted and approved or issued an exception based on quality assurance to protect the bank from unjustified, undue, and unidentified risks due to the use of the models
• Assist the Senior Manager and work with Model Governance to ensure all AML models conditions are monitored and communicated with model owners on a timely basis to ensure the conditions are fulfilled in time.

Operational (5%)

• Assist the Senior Manager to ensure regular review process is followed, model conditions are monitored and fulfillment of conditions are assess on a timely basis
• Support the Senior Manager for the optimal operation of the team, including identifying and implementing improvements to work, processes, and systems to ensure operational effectiveness and compliance with all bank and external regulatory, corporate policy, and governance requirements

Assist the Senior Manager and Director of the AML & Fraud Model Validation (MV) team with enterprise-wide management of model risk so that the bank is not subject to unjustified (in a risk vs. return framework), undue, and unidentified risks due to the use of models and promoting the transparency and understanding of models and model risks used across the Bank in AML & Fraud areas. The mandate of this position is summarized as follows:

•  Effectively identify risks associated with models; timely, accurately and independently assess models used in the areas of responsibility; and tactfully provide the recommendations to model owners and users to mitigate the risks
•  Assist the Senior Manager to develop/continuously enhance model validation methodology; and conduct validation
•  Ensure that the models (development, documentation, usage, etc.) in AML, Fraud, Marketing and AI/ML areas are compliant with the Bank’s Enterprise Model Risk Framework, and are compliant with OSFI/FRB/OCC’s requirement
•  Provide advisory support to large-scale projects as required and other work streams as appropriate and requested to ensure that bank’s models are in line with industry best practice
•  Support the Senior Manager in the development and execution of overall work plan

Knowledge:

• Hands-on experience and advanced knowledge in AML or Fraud models (transaction monitoring, Watchlist Screening, Customer Risk Rating, credit card fraud, mar) etc.
• Good knowledge and relevant training in data mining, machine learning, and statistical analysis techniques, with minimal 3 years of demonstrated experience pertaining to AML/Fraud or machine learning, statistical modeling.
• In-depth knowledge of financial industry best practices
• Good knowledge of regulatory requirements on AML models; experience in regulatory matters as an asset
• Minimum: Master’s Degree, PhD. preferred in a quantitative field e.g., Mathematics, Computer Science, Statistics and Engineering.
• AML Designation such as CAMS, ACAMS preferred

Skills:

• Detail-oriented, analytical, well organized, highly self-motivated and good interpersonal skills
• Effective time management in order to efficiently deliver concurrent projects with competing priorities
• Good ability of conflict-solving; and ability to collaboratively work with model owner/sponsor counterparts
• Effective presentation and communication skills; Ability to convey complex concepts and outcomes to non-subject matter experts.
• Proficiency in computing development skills, particularly statistical and database modeling tools (Python, SAS, R, SQL, Matlab, Access/VBA etc.). Ability to adapt to various programming languages and environments. Advanced SAS proficiency is required

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Seeking a skilled and experienced professional to join our Model Risk Management Team as a Senior Analyst, Model Risk, Credit Risk. As a senior analyst in our second line of defense risk management, governance, and control function, you will play a pivotal role in the validation of credit risk models, such as Allowance (IFRS 9 /CECL/loss forecasting) models, Stress Testing (CCAR/EWST), operational risk, climate risk models and other initiatives. Other activities related to the model lifecycle such as model performance monitoring, annual reviews, assessment of overlay quantification are also part of the validation responsibilities. Experience in other credit risk families, such as credit adjudication and account management models, is also relevant. This is an individual contributor role.

Key Role Responsibilities:

• Model Risk Review and Effective Challenge: You perform the validation of models, other estimation approaches and critical tool calculators and assess the model risk to confirm model appropriateness and capability for a designated portfolio. You are responsible for providing effective challenge to the credit risk models during model development and communicating decisions regarding model use to the business to ensure transparency and understanding of models and model risks. You assess the models’ capabilities, stress points and limitations; you assess the associated model risk and the controls in place to mitigate identified risks.
• Stakeholder Engagement: Effective communication is crucial in this role. You will manage relationships with model developers, owners, and users, influencing and advising on model risk-related matters. Your ability to explain complex technical concepts in everyday language will set you apart.
• Change Management: BMO is at the forefront of innovation in model risk management. You will be part of the team that drives change by embracing new technology platforms, tools, and operating models.
• Regulatory Expertise: Acts as a subject matter expert on relevant regulations and policies. May network with industry contacts to gain competitive insights and best practices. Interprets new regulations and assesses impacts to the program / portfolio validation framework.
• Risk Understanding: You will need to connect the dots between technical issues and business considerations.

What we are looking for:

• A MSc or PhD in quantitative fields such as statistics, applied mathematics, financial mathematics, data science, actuarial sciences, electrical engineering, or related fields.
• Experience in model validation and/or development within a financial institution, particularly in the credit risk area, is a plus.
• Certifications: While qualifications like CFA are helpful, they are not mandatory.
• Experience in credit risk models, including Stress Testing & loss forecasting, AIRB and Adjudication/Account Management is a plus.
• Proficiency in a programming language such as Python, R, and SAS (Python is preferred).
• Proficiency in working with relational databases – SQL or Oracle.
• Working with Big data tools and Cloud platforms (AWS/Azure) is a plus.
• A can-do attitude and a research, deep-dive mindset.

Our team values flexibility, collaboration and in-person engagement. This position is located in Toronto and offers flexibility with a hybrid work arrangement where the successful candidate will spend at least 3 days per week on-site and the other days remote.

Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.

• Shares technical knowledge of models and validation strategies with team members and stakeholders.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Troubleshoots model validation issues with team members and stakeholders.
• Leads or assists with the maintenance, monitoring, measurement & reporting on the status of the model validation portfolio / program to various internal & external stakeholder audiences.
• Supports the development and promotion of a business/group program for model validation.
• Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
• Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.
• Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.
• Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
• Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.
• 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.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.

  Qualifications:

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Knowledge and understanding of the model life cycle, model risk management practices.
• In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• Technical proficiency gained through education and/or business experience.
• 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.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Mandate

Assist the Senior Manager and Director of the AML & Fraud Model Validation (MV) team with enterprise-wide management of model risk so that the bank is not subject to unjustified (in a risk vs. return framework), undue, and unidentified risks due to the use of models and promoting the transparency and understanding of models and model risks used across the Bank in AML & Fraud areas. The mandate of this position is summarized as follows:

• Effectively identify risks associated with models; timely, accurately and independently assess models used in the areas of responsibility; and tactfully provide the recommendations to model owners and users to mitigate the risks
• Assist the Senior Manager to develop/continuously enhance model validation methodology; and conduct validation
• Ensure that the models (development, documentation, usage, etc.) in AML & Fraud areas are compliant with the Bank’s Enterprise Model Risk Framework, and are compliant with OSFI/FRB/OCC’s requirement
• Provide advisory support to large-scale projects as required and other work streams as appropriate and requested to ensure that bank’s models are in line with industry best practice
• Support the Senior Manager in the development and execution of overall work plan

Knowledge and Skills 

Knowledge:

• Hands-on experience and advanced knowledge in AML or Fraud models (transaction monitoring, Watchlist Screening, Customer Risk Rating, credit card fraud, mar) etc.
• Good knowledge and relevant training in data mining, machine learning, and statistical analysis techniques, with minimal 3 years of demonstrated experience pertaining to AML/Fraud or machine learning/statistical modeling.
• In-depth knowledge of industry best practices;
• Good knowledge of regulatory requirements on AML models; experience in regulatory matters as an asset
• Minimum: Master’s Degree, PhD. preferred in a quantitative field e.g., Mathematics, Computer Science, Statistics and Engineering.
• AML Designation such as CAMS, ACAMS preferred

Skills:

• Detail-oriented, analytical, well organized, highly self-motivated and good interpersonal skills

• Effective time management in order to efficiently deliver concurrent projects with competing priorities
• Good ability of conflict-solving; and ability to collaboratively work with model owner/sponsor counterparts
• Effective presentation and communication skills; Ability to convey complex concepts and outcomes to non-subject matter experts.
• Proficiency in computing development skills, particularly statistical and database modeling tools (Python, SAS, R, SQL, Matlab, Access/VBA etc.). Ability to adapt to various programming languages and environments. Advanced SAS proficiency is required

Job Descriptions

Model Validation (75%)

• Support senior managers in the development and execution of overall work plan
• Manage assigned validation/review projects and ensure a timely delivery of the validation report with high quality.
• Support senior managers in the on-going monitoring of AML and Fraud models to identify early warning of model performance deterioration and ensure proper mitigation/action plan in place in such situations;
• Perform research and analysis of applicable methodologies; benchmark model owners’ approaches; and present and recommend appropriate alternative for model developers;
• Produce validation reports, with clarify of issues and actionable items, including recommendations, to help the lines of business enhance the validated model
• Ensure model inventory is accurate and up-to-date, reflecting the model attributes as evidenced in relevant documentations.
• Provide regular updates on the assigned vetting/review, including a regular review of models/methodologies implemented and ensure that high model risk issues are raised and addressed at appropriate management level
• Keep abreast with advances in credit risk analytics developments and applications by vendors, consultants, regulatory agencies and competitors. Recommend/develop enhancements appropriate for the Bank

Relationship Management (5%)

• Partner with the lines of business, corporate functions, and ERPM to enhance understanding of model risks relating to Corporate Risk models and ensure transparency of models used in their respective areas
• Build and manage relationships with the line of business/risk managers/executives in the joint implementation of strategic changes in the business by assisting model development via parallel-to-development model risk consulting. Act as internal consultant to proactively help the lines of business manage its’ model risk
• Provide support to large-scale projects as required and subject matter advisory support to other work streams as appropriate
• Develop relationships with other financial institutions; provide ongoing peer benchmarking support

Managerial Leadership (5%)

• Support the Senior Manager to continuously provide training to (internal or external) junior resources on model risk and/or validation related matters.

Governance (5%)

• Communicate model risk issues to the lines of business to ensure identified model risks are well understood and appropriate model risk mitigation actions implemented, escalating where necessary to the Senior Manager.
• Assist the Senior Manager to ensure all models covered by the team meet the requirement of the Enterprise Model Risk Management Framework,
• Assist the Senior Manager to ensure all models covered by the team are vetted and approved or issued an exception based on quality assurance to protect the bank from unjustified, undue, and unidentified risks due to the use of the models
• Assist the Senior Manager and work with Model Governance to ensure all AML models conditions are monitored and communicated with model owners on a timely basis to ensure the conditions are fulfilled in time.

Operational (5%)

• Assist the Senior Manager to ensure regular review process is followed, model conditions are monitored and fulfillment of conditions are assess on a timely basis
• Support the Senior Manager for the optimal operation of the team, including identifying and implementing improvements to work, processes, and systems to ensure operational effectiveness and compliance with all bank and external regulatory, corporate policy, and governance requirements

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.

• Acts as a trusted advisor to assigned business/group.
• Leads the research and development for validation of new types of models.
• Independently manage the complete validation project lifecycle for a suite of valuation models for various asset classes.
• Prior experience with valuation models for commodities and FX preferred.
• Define project scope, develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
• Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.
• Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.
• Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
• Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.
• 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.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
• 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.

  Qualifications:

• Typically 5+ years of experience in Capital Markets model validation, quantitative risk or model development within a global financial institution.
• Master or PhD in a quantitative field (Finance, Mathematics, Physics, Engineering and etc.).
• In-depth knowledge and understanding of model validation, model risk management practices.
• In-depth knowledge of regulatory requirements.
• In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.in Finance/Economics areas.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• 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.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Performs validation of Market Risk and CCR models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.

• Acts as a trusted advisor to Market Risk or CCR model risks.
• Influences and negotiates to achieve business objectives.
• 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.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
• Represents the model validation program / portfolio for internal/external regulatory audits and/or examinations.
• Ensures alignment between stakeholders.
• 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 the research and development for validation of new types of models.
• Leads and integrates the monitoring, measurement & reporting of the status of the model validation program / portfolio to internal & external stakeholders.
• Provides input into the planning and implementation of ongoing operational programs in support of the model vetting framework and portfolio.
• Leads/participates in the design, implementation and management of core business/group processes.
• Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
• Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.
• Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.
• Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
• Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.
• 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.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
• 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.

  Qualifications:

• Typically requires 3–5 years of relevant experience with Market Risk or CCR models, along with a Master’s or PhD degree in a related field of study,.
• In-depth knowledge and understanding of model validation, model risk management practices.
• In-depth knowledge of regulatory requirements.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• 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.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Job Family Group:

BMO is seeking an experienced professional to join the Model Risk Management Team as Manager, Credit Risk Model Validation. This role is part of the second-line governance and control function, with a primary focus on validating credit risk models such as AIRB Capital models, adjudication, and account management models.

The position is primarily an individual contributor role, with opportunities for leadership. You will be responsible for performing model validation activities across different stages of the model life cycle, providing effective challenge to model developers, and communicating model risk findings to stakeholders.

This role is ideal for a professional with a strong quantitative background who thrives in a collaborative environment and is committed to advancing model risk governance.

Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.

• 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 assigned business/group.
• Influences and negotiates to achieve business objectives.
• 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.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
• Represents the model validation program / portfolio for internal/external regulatory audits and/or examinations.
• Ensures alignment between stakeholders.
• 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 the research and development for validation of new types of models.
• Leads and integrates the monitoring, measurement & reporting of the status of the model validation program / portfolio to internal & external stakeholders.
• Provides input into the planning and implementation of ongoing operational programs in support of the model vetting framework and portfolio.
• Leads/participates in the design, implementation and management of core business/group processes.
• Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
• Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.
• Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.
• Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
• Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.
• 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.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
• 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.

  Qualifications:

• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Proficiency in Python and SAS is required; experience with other statistical software such as R is considered beneficial.
• In-depth knowledge and understanding of model validation, model risk management practices.
• In-depth knowledge of regulatory requirements.
• In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.in Finance/Economics areas (i.e., MBA).
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• 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.

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.

Address:

Job Family Group:

Role Summary

The Control Tester – Data & AI Governance is responsible for executing and leading control testing activities related to Data Governance and AI Governance. This role focuses on assessing design effectiveness and operating effectiveness of controls, understanding end‑to‑end processes through walkthroughs, analyzing governance artifacts, and identifying, documenting, and communicating control issues.

The role requires strong testing judgment, the ability to develop and execute test steps, and effective communication with business partners, risk partners, and control owners.

Key Responsibilities

Control Testing & Assessment

• Execute design effectiveness (DE) and operating effectiveness (OE) testing of controls related to Data Governance and AI Governance, including data quality, data management, AI lifecycle governance, and ethical AI controls.
• Develop and document test steps and test scripts aligned to approved testing methodologies and risk frameworks.
• Perform reperformance testing, sampling, and evidence validation to assess control execution
• Apply professional judgment to determine control effectiveness and identify control gaps.

Process Understanding & Walkthroughs

• Lead and conduct walkthroughs with control owners and stakeholders to understand end‑to‑end processes related to in-scope control activities
• Document process overviews, analyze control descriptions and key risks based on walkthroughs and artifact review.
• Maintain a working understanding of how data and AI controls operate within business and technology processes.

Artifact Review & Analysis

• Analyze and assess business and governance artifacts, including:
  • Data governance policies, standards, and procedures
  • Data lineage and data quality documentation
  • AI governance artifacts (e.g., model governance documentation, lifecycle controls, approval evidence)
• Evaluate whether artifacts sufficiently demonstrate control design and operation.

Issue Identification & Communication

• Identify, document, and clearly articulate control deficiencies, design gaps, and operating issues, including root cause analysis.
• Draft clear, risk‑based issue descriptions and support issue validation discussions with business and risk partners.
• Communicate testing results, issues, and recommendations to stakeholders in a clear and professional manner.

Stakeholder & Risk Partner Engagement

• Act as a primary testing contact for business partners, technology teams, and risk partners for assigned controls.
• Support ongoing dialogue to clarify control intent, evidence expectations, and remediation actions.
• Contribute to continuous improvement of Data & AI governance testing practices.

Documentation & Quality

• Create and maintain high‑quality testing documentation, including workpapers, test scripts, walkthrough notes, and testing conclusions.
• Ensure testing work meets quality standards, methodology requirements, and service level expectations.

Qualifications

Required

• 3–5 years of relevant experience in control testing, risk management, audit, or governance functions.
• Demonstrated experience performing control design and operating effectiveness testing.
• Ability to understand and document business and technology processes through walkthroughs.
• Strong analytical skills with the ability to interpret complex governance and technical artifacts.
• Strong written and verbal communication skills, including issue writeups and stakeholder discussions.

Preferred

• Experience in Data Governance, AI Governance, Model Risk Management, or Technology Risk.
• Familiarity with data management concepts, AI/ML model lifecycles, and governance frameworks.
• Experience engaging directly with business and risk partners in a testing or oversight capacity.

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.

Address:

About the Team

BMO’s Applied AI team is responsible for building high‑performing, safe, and reliable AI systems that power real banking experiences. The Evaluations group within Applied AI develops the methods, datasets, and tooling that measure quality, safety, and performance across the full AI lifecycle. Working closely with product, engineering, and research partners, the team ensures evaluation signals are deeply embedded into training loops, deployment workflows, and continuous monitoring processes. This group operates at the intersection of data science, machine learning, and responsible AI, enabling scalable, repeatable, and trustworthy evaluation of advanced AI systems.

About the Role

The AI Evaluation Scientist is an individual contributor role focused on delivering the data science stream of AI evaluations. This includes designing, implementing, and productionizing evaluation methods, metrics, and datasets that directly influence modeling decisions, product quality, and the safety posture of AI systems across the bank. You will work hands‑on with complex models—particularly LLMs and deep learning systems—developing rigorous empirical analyses that surface model weaknesses, performance trends, and risk signals.

In this role, you will translate evaluation standards into robust, maintainable evaluation code and workflows. You will collaborate with engineers to integrate evaluation signals into CI/CD and training pipelines, and work with product and research partners to ensure evaluation insights meaningfully shape model improvements. This position is highly technical, experimental, and delivery‑oriented, with a strong emphasis on applied data science, reproducible experimentation, and responsible AI practices.

Key Responsibilities

• Design and implement advanced evaluation methods for LLMs and ML systems, including robustness, reliability, fairness, explainability, calibration, and safety‑and-performance-focused metrics.
• Build and maintain high‑quality evaluation datasets, golden sets, challenge sets, and red‑teaming corpora tailored to real banking workflows.
• Develop reusable evaluation harnesses and pipelines that support multi‑agent workflows, tool use, and retrieval‑augmented generation scenarios.
• Conduct empirical analyses, including statistical tests, error analysis, and ablation studies, to identify model weaknesses and guide model and product improvements.
• Integrate evaluation metrics and signals into model training loops, deployment gating checks, and continuous monitoring processes.
• Prototype and validate novel evaluation algorithms inspired by current research in LLM safety, interpretability, and reliability, and convert prototypes into maintainable components.
• Produce clear, actionable evaluation reports that translate technical findings into insights for engineering, modeling, product, and business stakeholders.
• Collaborate with engineering, research, and product teams to align evaluation requirements and deliver production‑ready evaluation capabilities.
• Ensure reproducibility and reliability of evaluation results through dataset versioning, configuration control, testing practices, and documentation.

Qualifications

• 7+ years of experience in data science, machine learning, or AI development, with at least 3 years focused on evaluation, safety, reliability, or model performance analysis.
• Master’s or PhD in Computer Science, Data Science, Statistics, Engineering, or a related quantitative field, or equivalent practical experience.
• Strong proficiency in Python and SQL, with experience using PyTorch or TensorFlow, scikit‑learn, and modern data science libraries.
• Demonstrated experience building evaluation pipelines for LLMs or ML systems, including metric implementation, dataset creation, and CI/CD integration.
• Solid understanding of statistical testing, calibration, sampling design, and error analysis.
• Experience with evaluation of RAG systems, tool‑use workflows, long‑context scenarios, adversarial/jailbreak attacks, toxicity/bias detection, or privacy/PII leakage tests.
• Familiarity with MLOps/LLMOps practices, including experiment tracking, artifact management, and cloud‑based ML infrastructure.
• Strong communication skills with the ability to translate complex evaluation findings for both technical and non‑technical audiences.
• Experience with interpretability or fairness techniques (e.g., SHAP, counterfactuals, model probing) is an asset.
• Contributions to research or open‑source projects in evaluation, safety, reliability, or interpretability are an asset.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.

• 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.
• Provides strategic input into business decisions as a trusted advisor.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies.
• May network with industry contacts to gain competitive insights and best practices.
• Interprets new regulations and assesses impacts to the program / portfolio validation 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 validation and monitoring framework; recommends changes as required.
• Conducts independent analysis and assessment to resolve strategic issues.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Represents the model validation program / 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 programs 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.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Leads the research and development for validation of new types of models.
• Leads and integrates the monitoring, measurement & reporting of the status of the model validation program / portfolio to internal & external stakeholders.
• Provides input into the planning and implementation of ongoing operational programs in support of the model vetting framework and portfolio.
• Leads in the design, implementation and management of core business/group processes.
• Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
• Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.
• Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.
• Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
• Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.
• 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.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• Broader work or accountabilities may be assigned as needed.

  Qualifications:

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth / expert knowledge and understanding of model validation, model risk management practices.
• In-depth / expert knowledge in valuation of derivative/financial products, particularly in commodity, and foreign exchange asset classes
• In-depth / expert knowledge of regulatory requirements.
• In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• Seasoned professional with a combination of education, experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Job Family Group:

In-depth / expert knowledge in derivative/financial products, particularly in interest rate/fixed income including MBS, commodity, and foreign exchange asset classes

Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.

• 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.
• Provides strategic input into business decisions as a trusted advisor.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies.
• May network with industry contacts to gain competitive insights and best practices.
• Interprets new regulations and assesses impacts to the program / portfolio validation 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 validation and monitoring framework; recommends changes as required.
• Conducts independent analysis and assessment to resolve strategic issues.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Represents the model validation program / 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 programs 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.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Leads the research and development for validation of new types of models.
• Leads and integrates the monitoring, measurement & reporting of the status of the model validation program / portfolio to internal & external stakeholders.
• Provides input into the planning and implementation of ongoing operational programs in support of the model vetting framework and portfolio.
• Leads in the design, implementation and management of core business/group processes.
• Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
• Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.
• Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.
• Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
• Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.
• 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.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• Broader work or accountabilities may be assigned as needed.

• Qualifications:

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth / expert knowledge and understanding of model validation, model risk management practices.
• In-depth / expert knowledge in valuation of derivative/financial products, particularly in commodity, and foreign exchange asset classes
• In-depth / expert knowledge of regulatory requirements.
• In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• Seasoned professional with a combination of education, experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

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.

Address:

Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.

• Acts as a trusted advisor to assigned business/group.
• Leads the research and development for validation of new types of models.
• Independently manage the complete validation project lifecycle for a suite of valuation models for various asset classes (equities, FX, commodities, interest rates, etc.).
• Define project scope, develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
• Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.
• Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.
• Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
• Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.
• 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.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
• 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.

  Qualifications:

• Typically 5+ years of experience in Capital Markets model validation, quantitative risk or model development within a global financial institution.
• Master or PhD in a quantitative field (Finance, Mathematics, Physics, Engineering and etc.).
• In-depth knowledge and understanding of model validation, model risk management practices.
• In-depth knowledge of regulatory requirements.
• In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.in Finance/Economics areas.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• 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.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Model Validation (75%)

• Support senior managers in the development and execution of overall work plan
• Manage assigned validation/review projects and ensure a timely delivery of the validation report with high quality.
• Support senior managers in the on-going monitoring of AML and Fraud models to identify early warning of model performance deterioration and ensure proper mitigation/action plan in place in such situations;
• Perform research and analysis of applicable methodologies; benchmark model owners’ approaches; and present and recommend appropriate alternative for model developers;
• Produce validation reports, with clarify of issues and actionable items, including recommendations, to help the lines of business enhance the validated model
• Ensure model inventory is accurate and up-to-date, reflecting the model attributes as evidenced in relevant documentations.
• Provide regular updates on the assigned vetting/review, including a regular review of models/methodologies implemented and ensure that high model risk issues are raised and addressed at appropriate management level
• Keep abreast with advances in credit risk analytics developments and applications by vendors, consultants, regulatory agencies and competitors. Recommend/develop enhancements appropriate for the Bank

Relationship Management (5%)

• Partner with the lines of business, corporate functions, and ERPM to enhance understanding of model risks relating to Corporate Risk models and ensure transparency of models used in their respective areas
• Build and manage relationships with the line of business/risk managers/executives in the joint implementation of strategic changes in the business by assisting model development via parallel-to-development model risk consulting. Act as internal consultant to proactively help the lines of business manage its’ model risk
• Provide support to large-scale projects as required and subject matter advisory support to other work streams as appropriate
• Develop relationships with other financial institutions; provide ongoing peer benchmarking support

Managerial Leadership (5%)

• Support the Senior Manager to continuously provide training to (internal or external) junior resources on model risk and/or validation related matters.

Governance (5%)

• Communicate model risk issues to the lines of business to ensure identified model risks are well understood and appropriate model risk mitigation actions implemented, escalating where necessary to the Senior Manager.
• Assist the Senior Manager to ensure all models covered by the team meet the requirement of the Enterprise Model Risk Management Framework,
• Assist the Senior Manager to ensure all models covered by the team are vetted and approved or issued an exception based on quality assurance to protect the bank from unjustified, undue, and unidentified risks due to the use of the models
• Assist the Senior Manager and work with Model Governance to ensure all AML models conditions are monitored and communicated with model owners on a timely basis to ensure the conditions are fulfilled in time.

Operational (5%)

• Assist the Senior Manager to ensure regular review process is followed, model conditions are monitored and fulfillment of conditions are assess on a timely basis
• Support the Senior Manager for the optimal operation of the team, including identifying and implementing improvements to work, processes, and systems to ensure operational effectiveness and compliance with all bank and external regulatory, corporate policy, and governance requirements

Assist the Senior Manager and Director of the AML & Fraud Model Validation (MV) team with enterprise-wide management of model risk so that the bank is not subject to unjustified (in a risk vs. return framework), undue, and unidentified risks due to the use of models and promoting the transparency and understanding of models and model risks used across the Bank in AML & Fraud areas. The mandate of this position is summarized as follows:

•  Effectively identify risks associated with models; timely, accurately and independently assess models used in the areas of responsibility; and tactfully provide the recommendations to model owners and users to mitigate the risks
•  Assist the Senior Manager to develop/continuously enhance model validation methodology; and conduct validation
•  Ensure that the models (development, documentation, usage, etc.) in AML, Fraud, Marketing and AI/ML areas are compliant with the Bank’s Enterprise Model Risk Framework, and are compliant with OSFI/FRB/OCC’s requirement
•  Provide advisory support to large-scale projects as required and other work streams as appropriate and requested to ensure that bank’s models are in line with industry best practice
•  Support the Senior Manager in the development and execution of overall work plan

Knowledge:

• Hands-on experience and advanced knowledge in AML or Fraud models (transaction monitoring, Watchlist Screening, Customer Risk Rating, credit card fraud, mar) etc.
• Good knowledge and relevant training in data mining, machine learning, and statistical analysis techniques, with minimal 3 years of demonstrated experience pertaining to AML/Fraud or machine learning, statistical modeling.
• In-depth knowledge of financial industry best practices
• Good knowledge of regulatory requirements on AML models; experience in regulatory matters as an asset
• Minimum: Master’s Degree, PhD. preferred in a quantitative field e.g., Mathematics, Computer Science, Statistics and Engineering.
• AML Designation such as CAMS, ACAMS preferred

Skills:

• Detail-oriented, analytical, well organized, highly self-motivated and good interpersonal skills
• Effective time management in order to efficiently deliver concurrent projects with competing priorities
• Good ability of conflict-solving; and ability to collaboratively work with model owner/sponsor counterparts
• Effective presentation and communication skills; Ability to convey complex concepts and outcomes to non-subject matter experts.
• Proficiency in computing development skills, particularly statistical and database modeling tools (Python, SAS, R, SQL, Matlab, Access/VBA etc.). Ability to adapt to various programming languages and environments. Advanced SAS proficiency is required

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

This is a hybrid role

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Job Family Group:

Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.

• 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.
• Provides strategic input into business decisions as a trusted advisor.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies.
• May network with industry contacts to gain competitive insights and best practices.
• Interprets new regulations and assesses impacts to the program / portfolio validation 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 validation and monitoring framework; recommends changes as required.
• Conducts independent analysis and assessment to resolve strategic issues.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Represents the model validation program / 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 programs 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.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Leads the research and development for validation of new types of models.
• Leads and integrates the monitoring, measurement & reporting of the status of the model validation program / portfolio to internal & external stakeholders.
• Provides input into the planning and implementation of ongoing operational programs in support of the model vetting framework and portfolio.
• Leads in the design, implementation and management of core business/group processes.
• Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
• Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.
• Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.
• Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
• Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.
• 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.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• Broader work or accountabilities may be assigned as needed.

  Qualifications:

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth / expert knowledge and understanding of model validation, model risk management practices.
• In-depth / expert knowledge of regulatory requirements.
• In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• Seasoned professional with a combination of education, experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

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.

Address:

The Model Risk Reporting and Analytics role is responsible for designing, producing, and enhancing enterprise-level reporting and analytical insights that support effective oversight of model risk across the organization. This role partners closely with Model Validation, Model Owners, Regulatory Compliance, and senior leadership to provide clear, accurate, and actionable reporting on model inventories, risk metrics, validation performance, issues, and emerging trends.

Key Responsibilities

• Develop, enhance, and maintain Model Risk Management (MRM) reports, dashboards, and KPI/KRI suites for senior management, governance committees, and regulatory bodies.

• Perform analytics on model risk data to identify patterns, emerging risks, gaps, and opportunities for process improvement.

• Lead the design and automation of reporting pipelines using tools such as Python, SQL, Tableau/Power BI, and model risk platforms.

• Partner with stakeholders to ensure data accuracy, completeness, and consistency across model inventory, validation results, performance monitoring, and issue management datasets.

• Support regulatory exams and internal audits by preparing reporting packages and clearly articulating model risk insights, methodologies, and governance processes.

• Contribute to the enhancement of the enterprise model risk taxonomy, metrics definitions, and data governance standards.

• Provide analytic support to Model Risk leadership, including deep dives, ad‑hoc analyses, scenario analysis, and thematic reviews.

• Develop documentation, process maps, and reporting standards to ensure transparency, repeatability, and auditability of reporting.

• Support strategic initiatives such as system migrations, automation, model risk system enhancements, and regulatory-driven changes.

• Collaborate with cross-functional teams to ensure alignment with Model Risk policies, regulatory expectations (SR 11‑7, OSFI E‑23), and internal risk appetite.

Key Qualifications

• Bachelor’s or Master’s degree in Finance, Data Science, Statistics, Economics, Engineering, or related discipline.

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Strong analytical ability with experience manipulating large datasets and performing structured quantitative analysis.

• Proficiency with analytical tools (Python, SQL, R), visualization platforms (Tableau, Power BI), and enterprise data environments.

• Knowledge of model risk regulatory guidance (e.g., SR 11‑7, OSFI E‑23) and understanding of model development/validation concepts.

• Excellent communication skills, with the ability to translate technical information into senior‑level insights.

• Strong attention to detail, data quality, and ability to manage multiple priorities in a fast‑paced environment.

• In-depth/expert knowledge of risk management metrics, KPIs and KRIs.

• In-depth/expert knowledge of risk management theory, processes and portfolio management reporting techniques.

• In-depth/expert knowledge of reporting & analytics concepts and applications.

• Experience with model lifecycle platforms or GRC tools is an asset.

Key Competencies

• Data storytelling and visualization

• Problem solving and critical thinking

• Stakeholder management and collaboration

• Process improvement and automation mindset

• Governance and controls orientation

• Ability to work independently and drive initiatives from concept to delivery

Location:

This position is located in Toronto and offers a hybrid work model with 3 days in the office

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk & Portfolio Management Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture.  #ERPMDreamJobs

The accountabilities for this role include:

• 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.

• Provides strategic input into business decisions as a trusted advisor.

• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

• Acts as a subject matter expert on relevant regulations and policies.

• May network with industry contacts to gain competitive insights and best practices.

• Interprets new regulations and assesses impacts to the risk reporting strategy/program 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 reporting program/strategy; recommends changes as required.

• Conducts independent analysis and assessment to resolve strategic issues.

• Leads the development and maintenance of the risk reporting framework.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Represents the risk reporting function during 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.

• 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.

• May provide specialized support for other internal and external regulatory requirements.

• Provides input into the planning and implementation of ongoing operational programs in support risk reporting management framework.

• Leads/participates in the design, implementation and management of core business/group processes.

• Designs, develops, and implements reporting solutions to meet management and regulatory reporting requirements.

• Provides advice and guidance to assigned business/group on implementation of analytical and reporting solutions.

• Executes work to deliver timely, accurate, and efficient service for scheduled reporting production processes.

• Supports the maintenance, monitoring, and measurement of key risk indicators to internal & external stakeholders.

• Analyses data and information to provide risk-related insights and recommendations for the assigned portfolio e.g. capital at risk modeling, risk/return assessments, etc.

• Supports the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate e.g. regulatory reporting.

• Works with various data owners to discover and select available data sources from internal sources and external vendors (e.g. lending system, payment system, external credit rating system) to fulfill analytical needs.

• Ensures strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards.

• Analyzes data and highlights significant information including variances, trends, opportunities and exposures; escalates as required.

• Provides information and supports the process for internal and external audits.

• Gathers and formats data into regular and ad-hoc reports, and dashboards.

• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.

• Builds effective relationships with internal/external stakeholders.

• Supports the maintenance of operational procedures and processes related to analytical and reporting processes.

• Supports the development of tools and delivery of training focused on awareness and understanding of key data elements used in risk reporting.

• Participates in the design, implementation and management of core business processes to ensure the accuracy of risk data used in reporting.

• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.

• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.

• Implements changes in response to shifting trends.

• Broader work or accountabilities may be assigned as needed.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Job Family Group:

The Senior Manager, Model Governance plays a critical leadership role in strengthening and executing the firm’s Enterprise Model Risk Management Framework. This role leads the design, implementation, and continuous improvement of governance processes, controls, training programs, and change‑management activities to drive effective model risk management practices across the enterprise.

Key Responsibilities

Governance Processes & Controls

• Lead the development, enhancement, and enforcement of enterprise model governance policies, standards, and procedures aligned with regulatory expectations.

• Oversee and improve end‑to‑end governance processes including model intake, approval, tiering, periodic reviews, ongoing monitoring, and decommissioning.

• Ensure consistent application of governance controls across the model lifecycle, including documentation, change management, and issue remediation.

• Establish quality assurance processes to ensure compliance with governance requirements across Model Development, Validation, and Business Owners.

• Drive continuous improvement of model governance workflows, tooling, templates, and control effectiveness.

Training & Program Enablement

• Develop, deliver, and maintain enterprise-wide training programs to enhance model risk awareness and competency across all three lines of defence.

• Create and socialize guidance materials, playbooks, and knowledge resources to support consistent execution of governance requirements.

• Serve as a subject‑matter expert on model governance expectations for stakeholders across risk, data, technology, and business lines.

Change Management & Stakeholder Engagement

• Lead change‑management initiatives related to model governance process updates, system enhancements, regulatory changes, and policy revisions.

• Partner with Model Development, Validation, Technology, and Business teams to ensure smooth adoption of governance changes.

• Engage cross‑functional stakeholders to drive alignment on governance requirements and embed model risk principles into business practices.

• Provide clear, concise communication on program updates, policy changes, and governance expectations to senior management and business partners.

Regulatory & Audit Support

• Support regulatory examinations and internal/external audits by supplying high‑quality evidence, documentation, and subject‑matter insights.

• Ensure management action plans related to audit findings or regulatory observations are appropriately addressed, tracked, and closed.

Key Qualifications

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Knowledge of model risk regulatory guidance (e.g., SR 11‑7, OSFI E‑23) and understanding of model development/validation concepts.

• Experience designing and enforcing governance controls, processes, or oversight programs.

• Exceptional communication skills with the ability to convey governance requirements to both technical and non‑technical audiences.

• Demonstrated ability to lead change and influence stakeholders across large, complex organizations.

• Strong organizational and analytical skills, with attention to detail and ability to manage competing priorities.

Location:

- This position offers a hybrid work model with 3 days in the office.

Additional role accountabilities include:

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.

• 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.

• Provides strategic input into business decisions as a trusted advisor.

• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

• Acts as a subject matter expert on relevant regulations and policies.

• May network with industry contacts to gain competitive insights and best practices.

• Interprets new regulations and assesses impacts to the governance framework.

• Influences and negotiates to achieve business objectives.

• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.

• Conducts independent analysis and assessment to resolve strategic issues.

• Leads the development and maintenance of the governance system and framework.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Leads the development of the communication strategy focusing on positively influencing or changing behaviour.

• 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.

• 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.

• Independently administers and evaluates model life cycle activities for adherence to all policies, procedures and established processes; documents and reports results of evaluations on an individual and summary basis.

• Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken.

• Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.

• Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education and training needs, development/delivery of training; development and execution of regulatory administration processes and procedures.

• Supports the development and maintenance of the governance system and framework (e.g. supporting policies, standards, operating procedures, lifecycle management, education and training assessment, development and delivery, coordination of attestation programs, reporting, etc.).

• 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.

• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.

• Implements changes in response to shifting trends.

• Broader work or accountabilities may be assigned as needed.

​Additional qualifications include:

• In-depth / expert knowledge and understanding of the model life cycle, model risk management practices.

• In-depth / expert knowledge of regulatory requirements.

• In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.

• Influence skills - In-depth / expert.

• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / expert.

• Data driven decision making - In-depth / expert.

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.

Address:

The Model Risk Reporting and Analytics role is responsible for designing, producing, and enhancing enterprise-level reporting and analytical insights that support effective oversight of model risk across the organization. This role partners closely with Model Validation, Model Owners, Regulatory Compliance, and senior leadership to provide clear, accurate, and actionable reporting on model inventories, risk metrics, validation performance, issues, and emerging trends.

Key Responsibilities

• Develop, enhance, and maintain Model Risk Management (MRM) reports, dashboards, and KPI/KRI suites for senior management, governance committees, and regulatory bodies.

• Perform analytics on model risk data to identify patterns, emerging risks, gaps, and opportunities for process improvement.

• Lead the design and automation of reporting pipelines using tools such as Python, SQL, Tableau/Power BI, and model risk platforms.

• Partner with stakeholders to ensure data accuracy, completeness, and consistency across model inventory, validation results, performance monitoring, and issue management datasets.

• Support regulatory exams and internal audits by preparing reporting packages and clearly articulating model risk insights, methodologies, and governance processes.

• Contribute to the enhancement of the enterprise model risk taxonomy, metrics definitions, and data governance standards.

• Provide analytic support to Model Risk leadership, including deep dives, ad‑hoc analyses, scenario analysis, and thematic reviews.

• Develop documentation, process maps, and reporting standards to ensure transparency, repeatability, and auditability of reporting.

• Support strategic initiatives such as system migrations, automation, model risk system enhancements, and regulatory-driven changes.

• Collaborate with cross-functional teams to ensure alignment with Model Risk policies, regulatory expectations (SR 11‑7, OSFI E‑23), and internal risk appetite.

Key Qualifications

• Bachelor’s or Master’s degree in Finance, Data Science, Statistics, Economics, Engineering, or related discipline.

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Strong analytical ability with experience manipulating large datasets and performing structured quantitative analysis.

• Proficiency with analytical tools (Python, SQL, R), visualization platforms (Tableau, Power BI), and enterprise data environments.

• Knowledge of model risk regulatory guidance (e.g., SR 11‑7, OSFI E‑23) and understanding of model development/validation concepts.

• Excellent communication skills, with the ability to translate technical information into senior‑level insights.

• Strong attention to detail, data quality, and ability to manage multiple priorities in a fast‑paced environment.

• In-depth/expert knowledge of risk management metrics, KPIs and KRIs.

• In-depth/expert knowledge of risk management theory, processes and portfolio management reporting techniques.

• In-depth/expert knowledge of reporting & analytics concepts and applications.

• Experience with model lifecycle platforms or GRC tools is an asset.

Key Competencies

• Data storytelling and visualization

• Problem solving and critical thinking

• Stakeholder management and collaboration

• Process improvement and automation mindset

• Governance and controls orientation

• Ability to work independently and drive initiatives from concept to delivery

Location:

This position is located in Toronto and offers a hybrid work model with 3 days in the office

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk & Portfolio Management Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture.  #ERPMDreamJobs

The accountabilities for this role include:

• 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.

• Provides strategic input into business decisions as a trusted advisor.

• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

• Acts as a subject matter expert on relevant regulations and policies.

• May network with industry contacts to gain competitive insights and best practices.

• Interprets new regulations and assesses impacts to the risk reporting strategy/program 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 reporting program/strategy; recommends changes as required.

• Conducts independent analysis and assessment to resolve strategic issues.

• Leads the development and maintenance of the risk reporting framework.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Represents the risk reporting function during 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.

• 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.

• May provide specialized support for other internal and external regulatory requirements.

• Provides input into the planning and implementation of ongoing operational programs in support risk reporting management framework.

• Leads/participates in the design, implementation and management of core business/group processes.

• Designs, develops, and implements reporting solutions to meet management and regulatory reporting requirements.

• Provides advice and guidance to assigned business/group on implementation of analytical and reporting solutions.

• Executes work to deliver timely, accurate, and efficient service for scheduled reporting production processes.

• Supports the maintenance, monitoring, and measurement of key risk indicators to internal & external stakeholders.

• Analyses data and information to provide risk-related insights and recommendations for the assigned portfolio e.g. capital at risk modeling, risk/return assessments, etc.

• Supports the interpretation of internal and external policies and regulatory requirements relevant to the analytics and reporting mandate e.g. regulatory reporting.

• Works with various data owners to discover and select available data sources from internal sources and external vendors (e.g. lending system, payment system, external credit rating system) to fulfill analytical needs.

• Ensures strong governance and effective controls across risk reporting activities and information in accordance with enterprise standards.

• Analyzes data and highlights significant information including variances, trends, opportunities and exposures; escalates as required.

• Provides information and supports the process for internal and external audits.

• Gathers and formats data into regular and ad-hoc reports, and dashboards.

• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.

• Builds effective relationships with internal/external stakeholders.

• Supports the maintenance of operational procedures and processes related to analytical and reporting processes.

• Supports the development of tools and delivery of training focused on awareness and understanding of key data elements used in risk reporting.

• Participates in the design, implementation and management of core business processes to ensure the accuracy of risk data used in reporting.

• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.

• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.

• Implements changes in response to shifting trends.

• Broader work or accountabilities may be assigned as needed.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Job Family Group:

The Senior Manager, Model Governance plays a critical leadership role in strengthening and executing the firm’s Enterprise Model Risk Management Framework. This role leads the design, implementation, and continuous improvement of governance processes, controls, training programs, and change‑management activities to drive effective model risk management practices across the enterprise.

Key Responsibilities

Governance Processes & Controls

• Lead the development, enhancement, and enforcement of enterprise model governance policies, standards, and procedures aligned with regulatory expectations.

• Oversee and improve end‑to‑end governance processes including model intake, approval, tiering, periodic reviews, ongoing monitoring, and decommissioning.

• Ensure consistent application of governance controls across the model lifecycle, including documentation, change management, and issue remediation.

• Establish quality assurance processes to ensure compliance with governance requirements across Model Development, Validation, and Business Owners.

• Drive continuous improvement of model governance workflows, tooling, templates, and control effectiveness.

Training & Program Enablement

• Develop, deliver, and maintain enterprise-wide training programs to enhance model risk awareness and competency across all three lines of defence.

• Create and socialize guidance materials, playbooks, and knowledge resources to support consistent execution of governance requirements.

• Serve as a subject‑matter expert on model governance expectations for stakeholders across risk, data, technology, and business lines.

Change Management & Stakeholder Engagement

• Lead change‑management initiatives related to model governance process updates, system enhancements, regulatory changes, and policy revisions.

• Partner with Model Development, Validation, Technology, and Business teams to ensure smooth adoption of governance changes.

• Engage cross‑functional stakeholders to drive alignment on governance requirements and embed model risk principles into business practices.

• Provide clear, concise communication on program updates, policy changes, and governance expectations to senior management and business partners.

Regulatory & Audit Support

• Support regulatory examinations and internal/external audits by supplying high‑quality evidence, documentation, and subject‑matter insights.

• Ensure management action plans related to audit findings or regulatory observations are appropriately addressed, tracked, and closed.

Key Qualifications

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Knowledge of model risk regulatory guidance (e.g., SR 11‑7, OSFI E‑23) and understanding of model development/validation concepts.

• Experience designing and enforcing governance controls, processes, or oversight programs.

• Exceptional communication skills with the ability to convey governance requirements to both technical and non‑technical audiences.

• Demonstrated ability to lead change and influence stakeholders across large, complex organizations.

• Strong organizational and analytical skills, with attention to detail and ability to manage competing priorities.

Location:

- This position offers a hybrid work model with 3 days in the office.

Additional role accountabilities include:

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.

• 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.

• Provides strategic input into business decisions as a trusted advisor.

• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

• Acts as a subject matter expert on relevant regulations and policies.

• May network with industry contacts to gain competitive insights and best practices.

• Interprets new regulations and assesses impacts to the governance framework.

• Influences and negotiates to achieve business objectives.

• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.

• Conducts independent analysis and assessment to resolve strategic issues.

• Leads the development and maintenance of the governance system and framework.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Leads the development of the communication strategy focusing on positively influencing or changing behaviour.

• 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.

• 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.

• Independently administers and evaluates model life cycle activities for adherence to all policies, procedures and established processes; documents and reports results of evaluations on an individual and summary basis.

• Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken.

• Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.

• Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education and training needs, development/delivery of training; development and execution of regulatory administration processes and procedures.

• Supports the development and maintenance of the governance system and framework (e.g. supporting policies, standards, operating procedures, lifecycle management, education and training assessment, development and delivery, coordination of attestation programs, reporting, etc.).

• 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.

• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.

• Implements changes in response to shifting trends.

• Broader work or accountabilities may be assigned as needed.

​Additional qualifications include:

• In-depth / expert knowledge and understanding of the model life cycle, model risk management practices.

• In-depth / expert knowledge of regulatory requirements.

• In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.

• Influence skills - In-depth / expert.

• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / expert.

• Data driven decision making - In-depth / expert.

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.

Address:

Seeking a skilled and experienced professional to join our Model Risk Management Team as a Senior Manager, Model Risk, Credit Risk. As a Senior Manager in our second-line governance and control, you will play a pivotal role in overseeing the validation of credit risk models, with particular emphasis on wholesale and retail Stress Testing (CCAR/EWST) models as well as Allowance (IFRS 9 /CECL) models. Other activities related to the model lifecycle such as model performance monitoring, annual reviews, assessment of overlay quantification are also part of the validation responsibilities. Experience in other credit risk families such as wholesale borrower risk rating models, credit adjudication and account management models, and retail AIRB is also relevant. This dynamic position is a leadership role, requiring the supervision of 5+ people. Occasionally, you may also need to act as an individual contributor.

Key Role Responsibilities:

• Model Risk Review and Effective Challenge: You perform the validation of models and assess the model risk to confirm model appropriateness and capability for a designated portfolio. You are responsible for providing effective challenge to the credit risk models during model development and communicating decisions regarding model use to the business to ensure transparency and understanding of models and model risks. You assess the models’ capabilities, stress points and limitations; you assess the associated model risk and the controls in place to mitigate identified risks.
• Stakeholder Engagement: Effective communication is crucial in this role. You will manage relationships with model developers, owners, and users, influencing and advising on model risk-related matters. Your ability to explain complex technical concepts in everyday language will set you apart.
• Project Management: 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.
• Change Management: BMO is at the forefront of innovation in model risk management. You will be part of the team that drives change by embracing new technology platforms, tools, and operating models. Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.
• Regulatory Expertise: Acts as a subject matter expert on relevant regulations and policies. May network with industry contacts to gain competitive insights and best practices. Interprets new regulations and assesses impacts to the program / portfolio validation framework.
• Risk Understanding: You will need to connect the dots between technical issues and business considerations.

What we are looking for:

• A MSc or PhD in quantitative fields such as statistics, applied mathematics, financial mathematics, data science, actuarial sciences, electrical engineering, or related fields.
• A minimum of 7 years of experience in model development and/or validation within a financial institution, particularly in the credit risk area.
• Certifications: While qualifications like CFA, FRM, PRM are helpful, they are not mandatory.
• Experience in credit risk models, including Stress Testing & loss forecasting, AIRB and Adjudication/Account Management.
• Proficiency in a programming language such as Python, R, and SAS (Python is preferred)
• Proficiency in working with relational databases – SQL or Oracle
• Working with Big data tools and Cloud platforms (AWS/Azure) is a plus.
• A can-do attitude and a research, deep-dive mindset

Our team values flexibility, collaboration and in-person engagement. This position is located in Toronto and offers flexibility with a hybrid work arrangement where the successful candidate will spend at least 3 days per week on-site and the other days remote.

Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.

• 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.
• Provides strategic input into business decisions as a trusted advisor.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies.
• May network with industry contacts to gain competitive insights and best practices.
• Interprets new regulations and assesses impacts to the program / portfolio validation 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 validation and monitoring framework; recommends changes as required.
• Conducts independent analysis and assessment to resolve strategic issues.
• Acts as the prime subject matter expert for internal/external stakeholders.
• Represents the model validation program / 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 programs 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.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Leads the research and development for validation of new types of models.
• Leads and integrates the monitoring, measurement & reporting of the status of the model validation program / portfolio to internal & external stakeholders.
• Provides input into the planning and implementation of ongoing operational programs in support of the model vetting framework and portfolio.
• Leads in the design, implementation and management of core business/group processes.
• Develops validation strategies and plans to ensure appropriate type and level of vetting of models is carried out.
• Independently validates / tests models and their associated assumptions, benchmarks, and supporting documentation against model vesting process, standards, guidelines and principles; assesses the data for model development as well as inputs to the model; compares validation results with model developer results for replicability.
• Identifies deficiencies, conditions for model use, recommends changes, and escalates as required; quantifies model risks, documents outcomes and communicates with stakeholders.
• Identifies where corrective actions are required and escalates per guidelines; monitors and ensures corrective action is taken.
• Provides technical advice and guidance to assigned business/group on implementation of the model vetting framework, and resolution of model risk issues.
• 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.
• Monitors and tracks performance; addresses any issues.
• Coordinates and monitors the review and sign-off of model validation reporting including model inventory and model inventory attestations.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implements changes in response to shifting trends.
• Broader work or accountabilities may be assigned as needed.

  Qualifications:

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth / expert knowledge and understanding of model validation, model risk management practices.
• In-depth / expert knowledge of regulatory requirements.
• In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• Seasoned professional with a combination of education, experience and industry knowledge.
• Verbal & written communication skills - In-depth / Expert.
• Analytical and problem solving skills - In-depth / Expert.
• Influence skills - In-depth / Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
• Able to manage ambiguity.
• Data driven decision making - In-depth / Expert.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

Hybrid role

About the Team

BMO’s Applied AI team sets the standard for safe, high-performing AI systems across the bank, building BMO’s leading-edge AI products and capabilities. Our work enables BMO’s strategic outcomes, bridging business needs with scalable and responsible AI. If you thrive on technical challenges and want to make a strategic impact, this role is for you.

About the Role

As an Engineering & Data Science Specialist in Applied AI Evaluations, you will design, implement, and optimize evaluation frameworks and pipelines that measure the quality, safety, and performance of advanced AI systems at BMO. You’ll work closely with the Product Owner and collaborate with engineering, research, and business teams to translate evaluation standards into robust, scalable solutions.

Your work will directly impact model development, deployment, and continuous improvement cycles—ensuring that evaluation signals are deeply integrated into experimental and production systems. You’ll contribute to the development of reusable tools, agents, and harnesses that support responsible AI practices and regulatory compliance.

Key Responsibilities

• Develop, implement, and maintain evaluation pipelines and harnesses for AI models, ensuring reliability, reproducibility, and scalability for banking applications.
• Collaborate with the Product Owner to translate evaluation standards and business requirements into technical solutions.
• Prototype and validate evaluation methods using real banking workflows, integrating feedback into model training and deployment.
• Integrate evaluation metrics and signals into research, training, and production systems to drive measurable improvements in model performance and customer outcomes.
• Partner with engineering, research, and product teams to shape model interaction paradigms and deployment strategies.
• Build reusable tools and systems that enable contributions from across BMO and raise the quality bar for AI solutions.
• Ensure all evaluation frameworks adhere to regulatory, compliance, and Responsible AI requirements.
• Document processes, share knowledge, and contribute to a culture of continuous learning and responsible innovation.

Qualifications

• 7+ years of experience in engineering or data science roles, preferably most recent 3 years in AI, machine learning, or data-driven product environments.
• Strong programming skills (e.g., Python, Java, or similar) and experience with ML/AI frameworks (e.g., PyTorch, TensorFlow).
• Experience building and maintaining evaluation pipelines for large language models (LLMs) and/or other AI systems, including multi-agent workflows, tool use, or long-context scenarios.
• Solid understanding of deep learning concepts, model training, and deployment practices.
• Familiarity with MLOps, CI/CD, and cloud-based AI infrastructure is a plus.
• Experience driving initiatives as a leader
• Strong analytical and problem-solving skills, with the ability to communicate technical concepts to both technical and non-technical audiences.
• Motivated by high-impact collaboration and able to thrive in fast-paced, ambiguous environments.
• Commitment to BMO’s values of inclusion, integrity, and responsible innovation.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

The Senior Manager, Model Governance plays a critical leadership role in strengthening and executing the firm’s Enterprise Model Risk Management Framework. This role leads the design, implementation, and continuous improvement of governance processes, controls, training programs, and change‑management activities to drive effective model risk management practices across the enterprise.

Key Responsibilities

Governance Processes & Controls

• Lead the development, enhancement, and enforcement of enterprise model governance policies, standards, and procedures aligned with regulatory expectations.

• Oversee and improve end‑to‑end governance processes including model intake, approval, tiering, periodic reviews, ongoing monitoring, and decommissioning.

• Ensure consistent application of governance controls across the model lifecycle, including documentation, change management, and issue remediation.

• Establish quality assurance processes to ensure compliance with governance requirements across Model Development, Validation, and Business Owners.

• Drive continuous improvement of model governance workflows, tooling, templates, and control effectiveness.

Training & Program Enablement

• Develop, deliver, and maintain enterprise-wide training programs to enhance model risk awareness and competency across all three lines of defence.

• Create and socialize guidance materials, playbooks, and knowledge resources to support consistent execution of governance requirements.

• Serve as a subject‑matter expert on model governance expectations for stakeholders across risk, data, technology, and business lines.

Change Management & Stakeholder Engagement

• Lead change‑management initiatives related to model governance process updates, system enhancements, regulatory changes, and policy revisions.

• Partner with Model Development, Validation, Technology, and Business teams to ensure smooth adoption of governance changes.

• Engage cross‑functional stakeholders to drive alignment on governance requirements and embed model risk principles into business practices.

• Provide clear, concise communication on program updates, policy changes, and governance expectations to senior management and business partners.

Regulatory & Audit Support

• Support regulatory examinations and internal/external audits by supplying high‑quality evidence, documentation, and subject‑matter insights.

• Ensure management action plans related to audit findings or regulatory observations are appropriately addressed, tracked, and closed.

Key Qualifications

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Knowledge of model risk regulatory guidance (e.g., SR 11‑7, OSFI E‑23) and understanding of model development/validation concepts.

• Experience designing and enforcing governance controls, processes, or oversight programs.

• Exceptional communication skills with the ability to convey governance requirements to both technical and non‑technical audiences.

• Demonstrated ability to lead change and influence stakeholders across large, complex organizations.

• Strong organizational and analytical skills, with attention to detail and ability to manage competing priorities.

Location:

- This position is located in Toronto and offers a hybrid work model with 3 days in the office

Additional role accountabilities include:

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.

• 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.

• Provides strategic input into business decisions as a trusted advisor.

• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

• Acts as a subject matter expert on relevant regulations and policies.

• May network with industry contacts to gain competitive insights and best practices.

• Interprets new regulations and assesses impacts to the governance framework.

• Influences and negotiates to achieve business objectives.

• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.

• Conducts independent analysis and assessment to resolve strategic issues.

• Leads the development and maintenance of the governance system and framework.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Leads the development of the communication strategy focusing on positively influencing or changing behaviour.

• 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.

• 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.

• Independently administers and evaluates model life cycle activities for adherence to all policies, procedures and established processes; documents and reports results of evaluations on an individual and summary basis.

• Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken.

• Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.

• Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education and training needs, development/delivery of training; development and execution of regulatory administration processes and procedures.

• Supports the development and maintenance of the governance system and framework (e.g. supporting policies, standards, operating procedures, lifecycle management, education and training assessment, development and delivery, coordination of attestation programs, reporting, etc.).

• 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.

• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.

• Implements changes in response to shifting trends.

• Broader work or accountabilities may be assigned as needed.

​Additional qualifications include:

• In-depth / expert knowledge and understanding of the model life cycle, model risk management practices.

• In-depth / expert knowledge of regulatory requirements.

• In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.

• Influence skills - In-depth / expert.

• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / expert.

• Data driven decision making - In-depth / expert.

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 https://jobs.bmo.com/ca/en.

BMO 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.

Address:

The Senior Manager, Model Governance plays a critical leadership role in strengthening and executing the firm’s Enterprise Model Risk Management Framework. This role leads the design, implementation, and continuous improvement of governance processes, controls, training programs, and change‑management activities to drive effective model risk management practices across the enterprise.

Key Responsibilities

Governance Processes & Controls

• Lead the development, enhancement, and enforcement of enterprise model governance policies, standards, and procedures aligned with regulatory expectations.

• Oversee and improve end‑to‑end governance processes including model intake, approval, tiering, periodic reviews, ongoing monitoring, and decommissioning.

• Ensure consistent application of governance controls across the model lifecycle, including documentation, change management, and issue remediation.

• Establish quality assurance processes to ensure compliance with governance requirements across Model Development, Validation, and Business Owners.

• Drive continuous improvement of model governance workflows, tooling, templates, and control effectiveness.

Training & Program Enablement

• Develop, deliver, and maintain enterprise-wide training programs to enhance model risk awareness and competency across all three lines of defence.

• Create and socialize guidance materials, playbooks, and knowledge resources to support consistent execution of governance requirements.

• Serve as a subject‑matter expert on model governance expectations for stakeholders across risk, data, technology, and business lines.

Change Management & Stakeholder Engagement

• Lead change‑management initiatives related to model governance process updates, system enhancements, regulatory changes, and policy revisions.

• Partner with Model Development, Validation, Technology, and Business teams to ensure smooth adoption of governance changes.

• Engage cross‑functional stakeholders to drive alignment on governance requirements and embed model risk principles into business practices.

• Provide clear, concise communication on program updates, policy changes, and governance expectations to senior management and business partners.

Regulatory & Audit Support

• Support regulatory examinations and internal/external audits by supplying high‑quality evidence, documentation, and subject‑matter insights.

• Ensure management action plans related to audit findings or regulatory observations are appropriately addressed, tracked, and closed.

Key Qualifications

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Knowledge of model risk regulatory guidance (e.g., SR 11‑7, OSFI E‑23) and understanding of model development/validation concepts.

• Experience designing and enforcing governance controls, processes, or oversight programs.

• Exceptional communication skills with the ability to convey governance requirements to both technical and non‑technical audiences.

• Demonstrated ability to lead change and influence stakeholders across large, complex organizations.

• Strong organizational and analytical skills, with attention to detail and ability to manage competing priorities.

Location:

- This position is located in Toronto and offers a hybrid work model with 3 days in the office

Additional role accountabilities include:

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.

• 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.

• Provides strategic input into business decisions as a trusted advisor.

• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

• Acts as a subject matter expert on relevant regulations and policies.

• May network with industry contacts to gain competitive insights and best practices.

• Interprets new regulations and assesses impacts to the governance framework.

• Influences and negotiates to achieve business objectives.

• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.

• Conducts independent analysis and assessment to resolve strategic issues.

• Leads the development and maintenance of the governance system and framework.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Leads the development of the communication strategy focusing on positively influencing or changing behaviour.

• 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.

• 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.

• Independently administers and evaluates model life cycle activities for adherence to all policies, procedures and established processes; documents and reports results of evaluations on an individual and summary basis.

• Identifies where corrective actions are required and escalates per guidelines; ensures corrective action is taken.

• Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.

• Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education and training needs, development/delivery of training; development and execution of regulatory administration processes and procedures.

• Supports the development and maintenance of the governance system and framework (e.g. supporting policies, standards, operating procedures, lifecycle management, education and training assessment, development and delivery, coordination of attestation programs, reporting, etc.).

• 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.

• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.

• Implements changes in response to shifting trends.

• Broader work or accountabilities may be assigned as needed.

​Additional qualifications include:

• In-depth / expert knowledge and understanding of the model life cycle, model risk management practices.

• In-depth / expert knowledge of regulatory requirements.

• In-depth / expert knowledge & experience with risk policy frameworks; quality control / testing frameworks.

• Influence skills - In-depth / expert.

• Collaboration & team skills; with a focus on cross-group collaboration - In-depth / expert.

• Data driven decision making - In-depth / expert.

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 https://jobs.bmo.com/ca/en.

BMO 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.

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Role Summary

The Control Tester – Data & AI Governance is responsible for executing and leading control testing activities related to Data Governance and AI Governance. This role focuses on assessing design effectiveness and operating effectiveness of controls, understanding end‑to‑end processes through walkthroughs, analyzing governance artifacts, and identifying, documenting, and communicating control issues.

The role requires strong testing judgment, the ability to develop and execute test steps, and effective communication with business partners, risk partners, and control owners.

Key Responsibilities

Control Testing & Assessment

• Execute design effectiveness (DE) and operating effectiveness (OE) testing of controls related to Data Governance and AI Governance, including data quality, data management, AI lifecycle governance, and ethical AI controls.
• Develop and document test steps and test scripts aligned to approved testing methodologies and risk frameworks.
• Perform reperformance testing, sampling, and evidence validation to assess control execution
• Apply professional judgment to determine control effectiveness and identify control gaps.

Process Understanding & Walkthroughs

• Lead and conduct walkthroughs with control owners and stakeholders to understand end‑to‑end processes related to in-scope control activities
• Document process overviews, analyze control descriptions and key risks based on walkthroughs and artifact review.
• Maintain a working understanding of how data and AI controls operate within business and technology processes.

Artifact Review & Analysis

• Analyze and assess business and governance artifacts, including:
  • Data governance policies, standards, and procedures
  • Data lineage and data quality documentation
  • AI governance artifacts (e.g., model governance documentation, lifecycle controls, approval evidence)
• Evaluate whether artifacts sufficiently demonstrate control design and operation.

Issue Identification & Communication

• Identify, document, and clearly articulate control deficiencies, design gaps, and operating issues, including root cause analysis.
• Draft clear, risk‑based issue descriptions and support issue validation discussions with business and risk partners.
• Communicate testing results, issues, and recommendations to stakeholders in a clear and professional manner.

Stakeholder & Risk Partner Engagement

• Act as a primary testing contact for business partners, technology teams, and risk partners for assigned controls.
• Support ongoing dialogue to clarify control intent, evidence expectations, and remediation actions.
• Contribute to continuous improvement of Data & AI governance testing practices.

Documentation & Quality

• Create and maintain high‑quality testing documentation, including workpapers, test scripts, walkthrough notes, and testing conclusions.
• Ensure testing work meets quality standards, methodology requirements, and service level expectations.

Qualifications

Required

• 3–5 years of relevant experience in control testing, risk management, audit, or governance functions.
• Demonstrated experience performing control design and operating effectiveness testing.
• Ability to understand and document business and technology processes through walkthroughs.
• Strong analytical skills with the ability to interpret complex governance and technical artifacts.
• Strong written and verbal communication skills, including issue writeups and stakeholder discussions.

Preferred

• Experience in Data Governance, AI Governance, Model Risk Management, or Technology Risk.
• Familiarity with data management concepts, AI/ML model lifecycles, and governance frameworks.
• Experience engaging directly with business and risk partners in a testing or oversight capacity.

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 https://jobs.bmo.com/ca/en.

BMO 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.