Director, T&O Operational Risk Officer - Capital Markets & Commercial Banking

About BMO We’re a bank, but there’s more to it than that. ​ When you join BMO, it opens a world of opportunities. This is a team that's committed to helping you succeed – personally and professionally. Because at BMO, when you grow, we grow. ​ You know your worth and so do we. That’s why we offer the right mix of learning programs, on-the-job experiences, and opportunities to build personal and professional connections – so you can build a meaningful career and thrive as a part of a winning culture.  ​ Sound like your kind of place? Then we should be co-workers.

BMO

Personal BankingCommercial BankingWealth ManagementCapital Marketsand Asset Management

B

bmo.com

10,001+ employees

Financial Services

Toronto, ON

Public Company

572k LinkedIn followers

Raised $9.1B

• 11/12/2026
• Address
• 320 S Canal Street
• Job Family Group
• Audit, Risk & Compliance
• Director, T&O Operational Risk Officer - Capital Markets & Commercial Banking, will establish and lead a new business unit-centered operational risk oversight capability.
• This role is responsible for developing and executing end-to-end operational risk reviews across Capital Markets and Commercial Banking, integrating insights from operational, technology, cyber, data, AI, fraud, physical security, and resilience risk domains to create a holistic view of business unit risk.
• The Director will lead a team of risk professionals and partner closely with business leaders, technology leaders, Business OROs, and Risk Specialty Area (RSA) teams to identify key risk drivers, systemic issues, emerging risks, and opportunities to strengthen the control environment.
• The role serves as a trusted advisor to senior leadership, enhancing executive reporting through actionable risk insights, meaningful risk narratives, and a clear understanding of residual risk exposure.
• Establishment of a new business unit-centered operational risk oversight capability.
• Delivery of integrated operational risk reviews that provide a holistic view of risks, controls, dependencies, and operational outcomes.
• Development of comprehensive business unit risk profiles.
• Identification of thematic concerns, systemic issues, and emerging risks.
• Enhanced executive reporting that clearly articulates residual risk, key risk drivers, business impacts, and remediation priorities.
• Improved management understanding of cumulative operational risk exposure and opportunities for risk reduction.
• Establish and lead the business unit operational risk oversight model.
• Lead end-to-end Integrated Operational Risk Reviews across critical business units and business processes.
• Assess process design, technology dependencies, control effectiveness, operational outcomes, and residual risk.
• Develop business unit risk profiles and assess cumulative risk exposure.
• Integrate insights across operational, technology, cyber, data, AI, fraud, physical security, and resilience risk domains.
• Identify key risk drivers, emerging risks, thematic concerns, and systemic issues.
• Deliver actionable risk insights and recommendations to management.
• Analyze significant incidents, loss events, issues, audit findings, and control assessments.
• Assess the impact of negative outcomes on the business unit risk profile.
• Identify recurring themes, root causes, and systemic concerns.
• Develop proactive recommendations to reduce risk and improve operational resilience.
• Enhance executive reporting through clear risk narratives and business-focused insights.
• Translate complex operational and technology risks into meaningful business impacts.
• Present risk themes, emerging risks, and review outcomes to senior management and governance forums.
• Partner with Business OROs, RSA teams, technology leaders, and business stakeholders to drive risk-informed decision-making.
• Lead and develop a geographically distributed team, including direct oversight of team members supporting operational risk activities across North America, Europe, and Asia, while ensuring consistent methodologies, execution standards, and stakeholder engagement.
• Establish consistent review methodologies, reporting standards, and effective challenge practices.
• Build organizational capability in integrated risk reviews, thematic analysis, and systemic risk identification.

• Bachelor’s degree in Business, Finance, Risk Management, Information Technology, Engineering, Computer Science, or a related discipline.
• 10+ years of experience in Operational Risk, Technology Risk, Enterprise Risk, Internal Audit, Risk Consulting, or related disciplines within a large financial institution.
• Professional certifications such as CRISC, FRM, PRM, CISA, CIA, or equivalent risk, audit, cybersecurity, technology, or governance certifications.
• Strong understanding of Capital Markets, Commercial Banking, and supporting banking operations.
• Significant experience conducting end-to-end risk assessments, operational risk reviews, thematic reviews, or enterprise-wide risk assessments.
• Experience assessing business processes, technology environments, control frameworks, and operational risks.
• Broad understanding of technology, cyber, data, AI, fraud, operational resilience, and related risk domains.
• Demonstrated ability to identify thematic concerns, systemic risks, interdependencies, and cumulative risk exposure.
• Proven people leadership and stakeholder management experience.
• Strong policy, standards, and methodology development experience.
• Exceptional communication, presentation, and executive storytelling skills.

• $130,000.00 - $270,000.00
• 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: https://jobs.bmo.com/global/en/Total-Rewards