Risk Advisor, Global Third Party Risk Management - Toronto - BMO Financial

Description

Application Deadline:

03/12/2026

Address:

250 Yonge Street

Job Family Group:

Business Management

The Global Third Party Risk Management (GTPRM) team is responsible for proactively identifying, assessing, monitoring, and mitigating risks associated with third‑party relationships across the enterprise. Operating as a first line of defense, the team challenges and supports supplier managers within each Line of Business (LOB) to ensure effective third‑party risk governance.

As a key member of the GTPRM team, the Risk Advisor provides expert guidance on third‑party engagements, evaluates risk, and ensures alignment with enterprise frameworks, regulatory requirements, and operational risk expectations.

Core Responsibilities

Business Delivery & Operational Excellence

• Review, assess, and monitor third‑party engagements throughout the Third Party Lifecycle.
• Provide risk‑based advisory services to optimize third‑party performance and ensure efficient, consistent management aligned with criticality and risk level.
• Maintain current knowledge of the TPRM Directive, regulatory requirements, and emerging trends.
• Deliver independent oversight on third‑party governance and challenge LOBs to ensure appropriate mitigation of identified risks.
• Lead or represent GTPRM on key projects to enhance third‑party risk management capabilities.
• Identify and support change‑management and continuous‑improvement initiatives related to TPRM processes and infrastructure.
• Maintain deep understanding of evolving risk areas—such as cybersecurity, business continuity, and privacy—and their impact on third‑party assessments.

Governance & Risk Management

• Provide oversight to minimize risk exposure through ongoing monitoring, reporting, and ensuring compliance with audit and regulatory expectations.
• Support business partners in preparing for internal/external audits and regulatory reviews by facilitating planning, consolidation, documentation, and interpretation of required materials.
• Act as the primary GTPRM contact and Subject Matter Expert (SME) for an assigned portfolio, offering guidance on TPRM methodology, framework, policies, and regulatory requirements.

Relationship Management

• Build and maintain strong, influential relationships with LOB partners to support their third‑party portfolio management.
• Develop and leverage relationships with internal and external partners to enhance risk management effectiveness.
• Maintain a deep understanding of LOB strategies and business changes to proactively identify third‑party risks and recommend appropriate controls.

Qualifications

• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience
• Knowledge of third party governance and management, operational risk, financial services regulations, audit and/or compliance
• Outstanding relationship management skills
• Excellent interpersonal skills: communication, presentation and time management
• Ability to remain composed under pressure of competing deadlines, priorities, accountabilities and constraints

Strong collaboration and team skills

Salary:

$69, $129,

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: 

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.