VP, Risk Portfolio Control

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.

The Vice‑President, Risk Portfolio Control sits within Capital Markets and is responsible for the production, analysis, and communication of risk metrics, dashboards, and management reporting. The role supports business management in monitoring adherence to the Risk Appetite Statement, identifying emerging risks, and driving timely management actions.

This position acts as a key interface between the business, 2nd Line Risk, and governance forums, ensuring risk information is accurate, timely, decision‑useful, and aligned to regulatory and internal expectations.

Key Responsibilities

Risk Reporting & Metrics

• Develop, maintain and articulate the Capital Markets risk profile.
• Synthesize inputs across risk appetite metrics, KRIs, incidents, issues, control assessments, and emerging risks into a coherent risk view.
• Ensure the risk profile reflects both current‑state exposure and forward‑looking risks.
• Perform trend analysis and provide clear narrative and insights, not just data.
• Monitor and report on risk appetite metrics, KRIs, and early‑warning indicators.
• Ensure consistency of metrics with approved risk appetite statements and limits.

Narrative & Management Insight

• Develop clear, executive‑level narrative explaining:
  • Why risks exist.
  • What is driving changes.
  • What management is doing about them.
  • Translate complex data into decision‑useful insights for senior management and committees.

Governance & Escalation

• Prepare risk profile materials for management committees and governance forums.
• Support senior management in articulating the 1LoD view of risk during committee discussions.
• Respond to challenge from 2nd Line Risk by providing evidence‑based rationale.
• Support risk escalation processes, including identification of breaches and emerging risks.
• Track issues, action plans, and remediation progress tied to reported risks.
• Ensure escalation thresholds and timelines are adhered to.

Stakeholder Management

• Partner with business leaders to understand risk drivers and data inputs.
• Coordinate with 2nd Line Risk and Compliance to ensure alignment and effective challenge.
• Respond to ad‑hoc requests from senior management related to risk reporting.

Data Quality & Controls

• Maintain strong data governance and control discipline over risk reporting inputs.
• Identify and remediate data quality issues.
• Support audits, reviews, and regulatory inquiries related to risk reporting.

Emerging Risk & Change Management

• Identify and assess emerging risks, including impacts from:
• Business changes.
• New products or initiatives.
• Regulatory developments.
• Ensure emerging risks are appropriately reflected in reporting and escalation.

Continuous Improvement

• Enhance dashboards and reporting to improve clarity, usability, and forward‑looking insight.
• Contribute to the evolution of risk metrics, thresholds, and reporting standards.
• Leverage automation and visualization tools where appropriate.

Qualifications & Experience

• Undergraduate degree in Business Administration, Risk Management, Economics, Finance, or related background.
• Minimum 5+ years of experience in banking or financial services, including exposure to 1st line internal control, in‑business risk management, governance, or 2nd line risk roles.
• Expertise in one or more risk and control areas, including but not limited to:
  • Non‑Financial Risk.
  • Market Risk.
  • Credit Risk.
• Demonstrated understanding of Capital Markets Front Office products, services, and end‑to‑end business processes.
• Excellent communication, collaboration, and relationship management skills across technical and non‑technical stakeholders.
• Knowledge of risk management, audit, compliance, and governance practices.
• Knowledge of business and regulatory environment and related risk trends.
• Strong planning, prioritization, and organizational skills.
• Analytical and problem‑solving skills.

Compensation

Salary range: $100,000 to $125,000 CAD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements).

Benefits include health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.