Snr. Mngr. Internal Controls - Toronto, Canada - BMO Financial Group

BMO Financial Group

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

250 Yonge Street Toronto Ontario,M5B 2M8

Develops and maintains an effective internal control framework across Procurement E2E lifecycle processes, that define the ways and methods governance is implemented, managed, and monitored in the designated business/group portfolio.

The governance framework includes policies, guidelines and provides programs, practices and measures to promote transparency, accuracy, consistency across groups. Applies specialized knowledge of risk management, regulatory compliance and internal controls related to business processes and information.

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.
Provides strategic input into business decisions as a trusted advisor.
Makes recommendations to senior leaders on strategy and new initiatives, based on an indepth understanding of the business/group.
May network with industry contacts to gain competitive insights and best practices.
Interprets new regulations and assesses impacts to the internal controls governance framework/program.
Develops reports on the status of the governance program or framework components to various internal & external stakeholder audiences.
Influences and negotiates to achieve business objectives.
Identifies emerging issues and trends to inform decisionmaking.
Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
Measures the effectiveness of risk governance system and framework; recommends changes as required.
Conducts independent analysis and assessment to resolve strategic issues.
Leads the development and maintenance of the internal controls governance system and framework.
Designs and produces regular and adhoc reports, and dashboards.
Develops and manages comprehensive information management systems; designs and/or leads initiatives to improve processes, analysis and reporting.
Leads the development of the communication strategy focusing on positively influencing or changing behaviour.
Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
Manages the review and signoff process for relevant regulatory reporting.
Leads and integrates the monitoring, measurement & reporting on the status of the internal controls governance framework/program to internal & external stakeholders.
Leads the management of governance meetings and maintenance of governing body mandates, oversight and approval guidelines.
May provide specialized support for other internal and external regulatory requirements.
Provides input into the planning and implementation of ongoing operational programs in support of the model validation/risk framework.
Leads in the design, implementation and management of core business/group processes.
Develops governance and controlrelated solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
Provides advice and guidance to assigned business/group on the implementation of the control framework, including effective challenge.
Performs testing on design and operational effectiveness of controls as required e.g. observation, inspection, replication, recalculation to ensure risks are identified and controls are effective.
Reviews processes and identifies opportunities for risk mitigation through proposing new controls or revising existing controls.
Identifies where corrective actions are required and escalates per guidelines and test remediation activities to ensure corrective action is taken as necessary.
Coordinates and participates in the execution of oversight/governance activities including reporting; assessment of education & training needs, development/delivery of training; development and execution of regulatory administration processes & procedures; management of review/updates to policies, etc.
Consults with stakeholders to improve consistency and transparency of control measurement/metrics and reporting.
Assists with the interpretati