Under the direction of the Associate Director, Integrated Control Testing (ICT) - Independent Controls, the incumbent will perform the following key ICT processes: 1.Independent testing of financial, SOX, regulatory & operational controls of Global Product Operation (GPO) business units; including Management Control Assessment (MCA) engagements. Through this process, the incumbent will provide assurance on the effectiveness of design and internal controls and translate the results into issue management reporting.
2.Business Unit remediation validation assessments for GPO Business Units to independently validate that Corporate Audit identified control deficiencies have been remediated and are ready for re-testing by Corporate Audit
Additional responsibilities include:
Assist Business Units in applying appropriate standards and/or guidelines that support the daily internal control governance for mid and back office Product Operations;
Assist business units with the development of action plans (s) to close gaps identified during Control reviews; including CAD (Internal Audit) identified major deficiencies;
Be knowledgeable about the business; including policies and standards that impact GPO Units.
The incumbent will also support the A/Director to resolve critical issues related to above processes.
Change Management and Control Testing:
Assess risks and key controls in consultation with Business Unit Management;
Accountable for monitoring, tracking and reporting on control issues;
Assist ICT Management and Business Units in completing and maintain up-to-date Management Control Assessments and SOX templates;
Resolve day-to-day issues specific to area(s) of expertise;
Continuously seek productivity and cost-reduction initiatives;
Monitor and control work flow and change priorities based on high-peak times and fluctuating volumes to ensure deadlines are met;
Ensure escalation processes are applied and critical issues are reported to the next level if not being resolved in a timely manner;
Maintain relationship with internal business partners for the purposes of enhancing business effectiveness;
Assist and guide GPO units in applying appropriate standards and/or guidelines to support governance & oversight functions;
Act in an advisory capacity, as a subject matter expert (SME), to peers and seniors on the implications of proposed business decisions related to area(s) of expertise
Supporting Business Units during process changes and projects, as they relate to the assigned function
Business Liaison :
Manage relationships with business unit management and SMEs through the Management Control Assessment engagements including engaging in opening and closing meetings between Independent Controls and Assessable Business Units;
Update Associate Director - ICT, Independent Controls on identified issues;
Administer a periodic and regular QA process to monitor business unit compliance to policies & standards.
Undergraduate degree or equivalent 4-6 years related work experience in mid and back office areas; including applicable accounting methodologies and financial reporting risk;
Good knowledge of risk metrics analysis and reporting, operational and financial risk and controls and governance and oversight frameworks;
Good knowledge and understanding of Wealth Management and/or Global Middle Office activities that are centralized within regulated financial institutions; including knowledge of key products and services, processes and controls, risk and regulatory requirements within the Wealth Management Operation and/or Global Middle Office Operation unit
Solid knowledge of Bank departmental systems and applications would be considered an asset;
Good knowledge of process and/or project management would be considered an asset;
Strong knowledge of Microsoft Office products (i.e. Excel, Word, Access, PowerPoint, Visio) and SharePoint.
Knowledge of BMO Policies/standards and best practices is considered an asset;
University degree/college diploma, or working towards completion, would be an asset.
Advanced problem solving and analytical skills;
Good operational risk management skills;
Strong prioritization skills;
Advanced interpersonal and relationship management skills;
Advanced presentation and communication skills;
Ability to manage multiple priorities;
Strong negotiation and conflict resolution skills;
Demonstrated ability to work in an evolving environment;
Ability to learn quickly / develop the necessary skills;
We're here to help
At BMO we have a shared purpose; we put the customer at the centre of everything we do - helping people is in our DNA. For 200 years we have thought about the future-the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we're changing the way people think about a bank.
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://bmocareers.com .
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.
Internal Number: 6319279
About Bank of Montreal
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