Director TPS Risk Advisory

Business Overview

Treasury & Payment Solutions (TPS) is a strategic business within BMO's North American Integrated Solutions (NAIS) platform, delivering payment, treasury management, commercial card, merchant acquiring, liquidity, and cash management capabilities to commercial, corporate, institutional, and government clients across North America. As a critical enabler of client growth and the movement of money, TPS supports organizations through innovative payment solutions, operational excellence, and prudent risk management.

The TPS Governance & Controls team serves as the first line of defense risk and governance function for TPS and is responsible for ensuring that risk management practices keep pace with business growth, product innovation, regulatory expectations, and evolving operational risks. The team partners closely with business leaders, product teams, operations, compliance, legal, technology, and second line risk functions to identify, assess, monitor, and mitigate risk while enabling strategic business objectives.

The Director, TPS Risk Advisory plays a key leadership role within TPS Governance & Controls, providing strategic risk oversight and trusted advisory support across a diverse portfolio of payment, treasury, and commercial banking products and services. The role is responsible for partnering with business executives and key stakeholders to assess new initiatives, product changes, emerging risks, regulatory developments, and operational challenges to ensure risks are appropriately identified, understood, and managed.

The successful candidate will lead a team of risk professionals responsible for providing governance and risk advisory coverage across TPS initiatives, programs, products, and client-facing activities. This includes oversight of risk assessments, issue management, audit and regulatory engagement support, control design and effectiveness reviews, change initiatives, third-party risk considerations, and the implementation of risk mitigation strategies.

As a member of the TPS Governance & Controls leadership team, this role contributes to the broader mandate of protecting the organization, strengthening the control environment, supporting sustainable business growth, and ensuring the ongoing safety, soundness, and resilience of BMO's Treasury & Payment Solutions business.

• 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 strategic partner to ensure the program elements becomes an integrated component of the overall business/group strategies.
• Develops an expert understanding of business/group challenges.
• Develops longer term program strategies assessing both internal needs & industry trends to deliver best-in-class programs for BMO.
• Supports multiple, varied business units with significant complexity & business transaction risk.
• Acts as a subject matter expert on relevant regulations and policies.
• Acts as a subject matter expert in the evaluation, development and implementation of an internal control system.
• Prepares and briefs senior leaders on regulatory matters across multiple businesses/groups.
• 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.
• Represents the business/group on Governance/Risk Working Groups/Forums and provides regular updates.
• May establish/manage a 1st LOD control group to oversee business/group adherence to the applicable risk managements requirements. May include evaluating the effectiveness of the controls, reporting on risk assessments and reviews, ensuring the business/group management addresses any identified risks and control deficiencies and the provision of advice and guidance to management concerning the design, and…