Job from partnerApplication Deadline:
Address:
100 King Street West
Job Family Group:
Audit, Risk & Compliance
About the Role
We are seeking a detail-oriented and analytically strong Non-Model Risk Reviewer to support the independent review, challenge, and governance of non-model tools used across the organization. These tools include quantitative calculators, automated spreadsheets, decision rules, pricing tools, scenario generators, and other processes that inform business decisions but do not meet the definition of a formal model under enterprise Model Risk policies.
This role ensures these tools are fit for purpose, accurate, well-controlled, and compliant with internal standards.
Key Responsibilities
1. Independent Review & Validation
- Conduct independent assessment of non-model tools, including calculators, spreadsheets, rules-based engines, decision aids, and vendor utilities.
- Evaluate conceptual soundness, design logic, assumptions, and inputs/outputs.
- Perform replication testing, benchmarking, and sensitivity analysis where appropriate.
- Assess the adequacy of documentation, governance, change controls, and user access.
2. Risk Assessment & Classification
- Determine risk tiering (e.g., high, medium, low) of non-model tools in accordance with enterprise standards.
- Identify inherent risks (operational, data, implementation, usage).
- Assess compensating controls and make recommendations for risk mitigation.
3. Governance & Policy Compliance
- Ensure compliance with the enterprise Non-Model Risk Framework, Model Risk Policy, and Operational Risk Standards.
- Provide effective challenge to tool owners, developers, and business partners.
- Maintain accurate inventory records and lifecycle management documentation.
4. Reporting & Communication
- Prepare clear and concise review reports, issue logs, and remediation recommendations.
- Communicate findings to developers, business owners, risk committees, and senior management.
- Track remediation progress and perform closure verification.
Required
- Bachelor's degree in Finance, Mathematics, Engineering, Computer Science, Economics, or related field.
- Strong analytical ability and attention to detail.
- Experience reviewing spreadsheets, calculators, or rules-based tools.
- Familiarity with operational risk or model risk governance principles.
- Strong communication and documentation skills.
Preferred
- 2+ years' experience in Risk Management, MRM, Audit, or a quantitative/business analytics function.
- Knowledge of tool validation, model validation, or internal audit methodologies.
- Proficiency in Excel/VBA, Python, SQL, or other analytical tools.
- Understanding of data quality, controls, and system implementation testing.
$61,600.00 - $113,900.00
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
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.
