VP, Business Control Assurance

Final date to receive applications:

Address:

151 W 42nd Street

Job Family Group:

Business Management

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world.

VP, Business Control Assurance is part of Governance and Controls within the Capital Markets Office of the Chief Operating Officer (OCOO). Reporting to the MD, Control Assurance
, the role supports a consistent, risk-based first-line assurance program across BMO Capital Markets businesses, functions, legal entities and non-financial risk categories.

The VP leads assigned assurance portfolios and the day-to-day planning, execution and quality review of control testing, with primary responsibility for Design Effectiveness and Operating Effectiveness assessments. Operating within the strategy, methodology, risk appetite and annual plan established by the MD, the role develops test approaches, supervises testers and assigned resources, challenges evidence and conclusions, and escalates material findings, capacity constraints and methodology questions.

The VP works closely with Business Control teams, control owners, Operations, Technology, first-line Enterprise Control Functions, Regulatory Business Control, second-line risk and Internal Audit while preserving the independence and objectivity of first-line testing.

• Assigned Portfolio Planning and Execution - Translate the MD-approved Capital Markets assurance strategy and annual plan into executable testing portfolios, using risk, control inventory, prior testing, issues, events, audit results, business change and regulatory priorities to focus coverage on material exposures.
  • Risk-based coverage: Define scope, sequencing, frequency and testing approach across businesses, processes, legal entities and risk categories; identify overlaps and gaps across first-, second- and third-line assurance activity.
  • Test design: Develop proportionate test strategies, scripts, sampling approaches and evidence requirements that address the control objective and underlying risk.
  • Stakeholder alignment: Engage Business Control teams and subject matter experts during planning and test design without compromising independent execution or conclusions.
  • Ownership and accountability: Document and operationalize clear roles across Business Control teams, Governance and Controls, control owners, first-line Enterprise Control Functions and other assurance providers for assigned portfolios; identify overlaps, gaps or conflicting expectations and elevate matters requiring enterprise or senior management resolution to the MD.
  • Resource delivery: Deploy assigned employees and contractors based on risk, product knowledge, technical capability and capacity; manage day-to-day delivery and raise structural capacity or capability gaps to the MD.
• Testing Execution, Quality and Findings - Lead the end-to-end testing lifecycle from initiation through Effective Challenge, reporting and remediation follow-up.
  • Execution: Perform or oversee Design Effectiveness and Operating Effectiveness testing; document scope, populations, samples, evidence, exceptions, ratings and rationale in accordance with enterprise and Capital Markets requirements.
  • Quality review: Review work for completeness, consistency and supportability; challenge weak evidence, unsupported conclusions and methodology deviations pre submission.
  • Findings and remediation: Communicate deficiencies promptly, support root-cause and issue assessment, agree practical actions with accountable owners, and track remediation and re-testing to closure without assuming business ownership.
  • Book of record: Ensure testing plans, results, approvals, evidence and required records are complete, accurate, timely and audit-ready in GRCE.
  • Effective Challenge: Coordinate with second-line risk stakeholders, respond to challenge, resolve factual or methodological questions and elevate unresolved matters through the appropriate governance path.
• Governance, Reporting and Continuous Improvement - Translate assurance results into decision-ready insight and strengthen the effectiveness and efficiency of the program.
  • Management reporting: Report plan delivery, test outcomes, overdue activity, recurring deficiencies, risk concentrations and remediation status to the MD, Control Assurance and relevant governance forums.
  • Thematic insight: Analyze results across businesses…