Manager, U.S. Resolution and Recovery Planning supports the process of
planning, development, quality control, executive sign-off and
submission of BFC resolution and recovery plan deliverables to relevant
regulatory bodies, in line with internal quality expectations and
industry best practices. In the context of an actual financial or
economic crisis, in concert with BMO's Financial Crisis Management
Office, provide financial and operational support to the key BFC
committees responsible for action, in line with expectations set out in
1. Business Delivery & Operational Effectiveness (Strategy)
Participate in discussions and reviews with business owners to support
the development, maintenance and enhancement of the resolution and
* Author and/or update presentations on and portions of the resolution and recovery plan.
Support the review and sign-offs of the resolution and recovery plan
documents by various stakeholders including business owners, senior
executives, Steering Committee, board, etc.
* Project-manage, provide
consulting advice, or develop analytic assessments to facilitate
regulatory review and Board approval of the plan.
2. Change & Innovation (Advisory)
Review and discuss resolution and recovery plan recommendations,
including those from information needs assessment, with process owners.
Develop recommendations for presentation to Steering Committee on
implementation priorities and execution approach.
* Support the
development and implementation of applicable policies, standards, and
operating procedures to support effective risk assessment, internal and
external communications and execution of the resolution and recovery
plan as required.
* Demonstrates strong project management and time
management skills to successfully manage the development and maintenance
of the resolution and recovery plan in conjunction with various
business owners and support teams.
3. Risk Management and Control (Governance and Analysis/Results)
Ensures comprehensive coverage of the resolution and recovery plan and
effective integration with the various contingency management processes
in BFC including the Liquidity, Funding and Capital Management
* Support the overall development and
implementation of a cross-functional framework to support on-going
management of the resolution and recovery plan
* Maintain awareness
of the market and business developments and proactively assess the
implication to the resolution and recovery plan. Make recommendations on
updates as appropriate.
* Provide consultative advice to and ensure
coordination with other contingency planning and stress testing
processes in the Bank.
4. Relationship Management and Communication
Communicate with the network of internal experts that the team
leverages for subject matter expertise and input (in particular, work
with the key partners (e.g., Treasury, Capital Management, Risk, Stress
Testing, Legal) to ensure the ongoing quality and integration of the
* Communicate with broader stakeholders as necessary on the
implications of recovery and resolution in a going concern and gone
concern context (e.g., with business leaders, technology partners, risk
* Design and develop materials for key internal leadership
forums including the US Steering Committee, US Risk Management
Committee, Risk Oversight Committee of the BFC Board and the BFC Board
* Support the building of a
transparent and sustainable process to deliver the ongoing contribution
of key stakeholders, and ensure the appropriate documentation of
information and key processes to ensure continuity of the program
through any leadership transition
* Support the integration of the
resolution and recovery plans with other risk and business decision
frameworks, embedding resolution and recovery planning into day-to-day
decision-making within the Bank
OneWire Inc. - 13 months ago
The Bank of Montreal or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded in 1817 in...