Manager, Artificial Intelligence Risk

Application Deadline:

01/31/2025

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

The Manager, Artificial Intelligence (AI) Risk, as part of the second line of defense in Operational Non-Financial Risk, will be responsible supporting the Data, Analytics, and AI Risk team in the oversight of AI risk, and ensuring AI is developed to be compliant with internal risk management frameworks and meets bank standards for ethical use. The role, reporting to the Director, AI Risk will oversee a defined portfolio and support the intake of new AI use cases and triage. Specifically, the role will support:

• Assess the inherent risk of AI use cases, conduct verification and validation of the use cases.

• Monitor and report on Key Risk Indicators (KRI) and AI Risk metrics to support leadership in making informed decision.

• Ensure AI use cases are aligned with policies and frameworks.

• Collaborate with vendors and various risk areas to ensure appropriate risk controls are in place for third party AI tools.

• Develop and maintain process documentation, training materials and guides and AI inventory.

• Ability to collaborate with diverse stakeholders.

• Provide input into quarterly senior management reporting on AI risks.

• Support management in preparation for internal and external review on AI Risk including from internal audit and regulatory agencies.

• Broader work or accountabilities may be assigned as needed.

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.

• Prior experience in operational risk management (ORM) or compliance is preferred.

• Degree in a quantitative field, Business Administration, or related field of study preferred.

• Working knowledge of emerging technologies and cloud based tools for AI and Generative AI development.

• In-depth knowledge of evolving regulatory requirements related to AI.

• In-depth knowledge and experience with risk policy frameworks; quality control / testing frameworks.

• Deep knowledge and technical proficiency gained through extensive education and business experience.

Salary:

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.