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Risk Advisor, Global Third Party Risk Management

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Bank of Montreal
Full Time position
Listed on 2026-01-02
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst
Job Description & How to Apply Below

Final date to receive applications:

10/31/2025

Address: 320 S Canal Street

Job Family Group:
Business Management

  • Supports multiple, varied business units with corresponding number of regulators.
  • Monitors and advises on management of risk requirements within the defined risk appetite.
  • Manages/supports large/complex risk programs/frameworks /projects/initiatives to ensure risks are appropriately mitigated and regulations adhered to.
  • Monitors industry and legislative developments and continuously updates programs to ensure they are competitive and effective.
  • Supports the position on regulatory compliance Issues by interpreting requirements (existing, new and emerging) and identifying, analysing and addressing resultant gaps and issues, including those raised through the review of change initiatives. Understands the identified risk exposures and supports the development of action plans required to mitigate identified risks.
  • Acts as a subject matter expert in the evaluation, development and implementation of an internal control system.
  • Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
  • Builds effective relationships with internal/external stakeholders.
  • Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
  • 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.
  • Monitoring to ensure that 1st line jobs are following defined processes and procedures.
  • Develops, documents and maintains business/group procedures updating and obtaining approvals as regulations or the operating environment changes and communicates changes to the business/group & relevant stakeholder groups.
  • Designs measurable sustainment strategies including assessing and recommending mitigations for industry/ segment-specific risks and prioritizing opportunities presented by internal and external stakeholders.
  • Tracks exception/exemption requests and corresponding approvals.
  • Facilitates training to ensure business unit employees fully understand requirements.
  • Provides quality control for investigations, self-reports, examinations and independent reviews conducted by internal and external stakeholders, including regulators, providing verbal and written responses to requests for positions, action plans, information and/or documentation.
  • May act as the designated Primary Business Unit Compliance Officer (BUCO) and/or Anti-Money Laundering Reporting Officer for the operating group and is accountable to meet all program requirements (e.g., Operating Group Compliance Program, AML Program Framework).
  • Builds awareness, knowledge, and skills and, as necessary, provides communication, practical tools and ongoing support including making presentations, to promote a culture of risk identification and management.
  • Supports the management of 1st LOD program for the business/group in compliance with appropriate principles, standards & direction from the second line of defense groups. Includes developing and promoting program and ensuring the execution of all program components.
  • Works with assigned business/group leaders to implement 1st LOD programs and frameworks, developing and maintaining an in-depth understanding of the applicable regulatory and internal risk management requirements. Interprets and provides advice on the application of the requirements for the business/group.
  • Develops and maintains an understanding of the business/group strategies and objectives, products and services, internal and external stakeholders and business processes as well as the underlying infrastructure to identify and manage implications and risk exposures for the business/group.
  • Identifies, investigates, analyzes, documents & mitigates program risks, taking into account jurisdictional issues, and raises any issues or concerns to senior leaders and other stakeholders.
  • Analyzes the impact and effectiveness of the program through periodic reviews.
  • Recommends adjustments to the overall program, policy or…
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