07/27/2026
Address:
100 King Street West
Audit, Risk & Compliance
Knowledge:
Main Responsibilities include but not limited to:
Model validation (60%)
- Support the Director of Behavioral Analytics Model Validation in the development and execution of overall validation work plan
- Independently validate and/or guide junior analyst(s) to validate new and existing AML, Fraud and other customer behavioral analytics models with a concentration on models used for BMO Canada, US and international lines of business.
- Ensure the assigned validation projects are completed within required timeline and in compliance with the model risk management framework requirement.
- Provide effective challenge and communicate identified model risk to the first line model owners and developers to ensure the risk are well understood and mitigation actions are taken; escalating where necessary to senior management.
- Provide consultancy to the senior management and first line model owner and developer regarding the technical model issues of the AML and fraud models.
- Report writing and model inventory data attributes maintenance.
- Keep abreast of latest development in financial crime and AI/ML modeling techniques.
Managerial Leadership (25%)
- Host regulator update meeting on assigned projects to both MV senior management and the first line model owners and developers.
- Provide day-to-day supervision and training to the junior analyst, and review work completed by the reporting analyst before the draft report and recommendation are submitted to MV Director for approval
- Support the MV director to identify and implement improvement to work, process and systems to ensure operational effectiveness.
- Support various ad-hoc reporting requests from senior management, internal audit and regulators
- Manage HR administration requests of the junior analyst
Governance (15%)
- Assist the MV Director to ensure all models covered by the team meet the requirement of the Enterprise Model Risk Management Framework, e.g., all AML and fraud models used by the bank are validated and approved and issues identified are mitigated properly.
- Support the MV Director to ensure all validation review work is conducted in accordance to defined model validation process, and in compliance with all bank and regulatory requirements.
Performs validation of models and assesses model risk to confirm model appropriateness and capability for a designated portfolio. Provides effective challenge during model development and communicates decisions regarding model use to the business to ensure transparency and understanding of models and model risks. Assesses model’s capabilities, stress points and limitations; assesses the associated model risk and the controls in place to mitigate identified risks.
$94,600.00 - $176,000.00
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
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 https://jobs.bmo.com/ca/en .
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.
