Director, Financial Crimes Model Risk Management

Join a mission-driven team at the forefront of financial crime prevention. As a leader in our Model Risk Management team, you’ll play a pivotal role in safeguarding the organization from cyber, fraud, and emerging risks. This is more than a job—it’s a chance to make an impact by ensuring the integrity and effectiveness of the models that protect our financial ecosystem.

Why You’ll Love This Role

Work with advanced technologies like Generative AI, large language models, and machine learning to assess and improve models that detect fraud and cyber threats.

Lead a high-performing team of experts, shaping the future of model risk governance in a rapidly evolving threat landscape.

Join a tight-knit, supportive team that values knowledge‑sharing, mentorship, and collective success.

Insights directly inform business decisions and regulatory compliance, giving you a seat at the table where it matters most.

Gain deep exposure to financial crimes, cyber risk, and AI/ML model validation—a rare and valuable combination in today’s market.

Team Culture

Highly collaborative and supportive—team members actively share knowledge and help each other grow.

Innovative and forward-thinking—always exploring new technologies and methodologies.

Mission‑focused—driven by a shared purpose to protect the organization and its customers.

Hybrid & Work Location Hybrid role. Two days in office are required. This may change due to changing needs of Tech and Ops Return to Work office strategy.

Skills and Experience

7+ years of people leadership (managerial) experience with leading large teams of direct reports.

10+ years of experience and expert knowledge of model validation, model risk management practices.

Expert knowledge in managed model development.

10+ years of experience with risk policy frameworks, quality control/testing frameworks, and regulatory requirements.

7+ years with Artificial Intelligence.

10+ years in each of the following: Python, SAS, SQL, PySpark.

10+ years in Cloud.

Expertise with advanced analytics.

Expertise with quantitative analysis (Statistics).

Expertise with data modeling.

Solid knowledge of anti‑fraud in Banking and Cards and/or cyber domains.

Nice to Have Skills

Generative AI.

Large language models.

Natural language modeling.

Core Responsibilities

Perform validation of models and assess model risk to confirm model appropriateness and capability for a designated portfolio.

Evaluate model development and communicate decisions regarding model use to the business to ensure transparency and understanding.

Assess the model’s capabilities, stress points and limitations; evaluate associated model risk and controls in place to mitigate identified risks.

Provide technical advice and guidance to the assigned business/group on implementation of the model vetting framework and resolution of model risk issues.

Develop and maintain in-depth knowledge of business and related risk management requirements and legislative/regulatory directives and guidance.

Identify deficiencies, conditions for model use, recommend changes, and escalates as required; quantify model risks, document outcomes and communicate with stakeholders.

Lead and integrate the monitoring, measurement & reporting of the status of the model development program/portfolio to internal & external stakeholders.

Additional Information & Qualifications

Typically 9+ years of relevant experience and post‑secondary degree in a related field of study or an equivalent combination of education and experience.

Expert knowledge and understanding of model validation, model risk management practices.

Expert knowledge of regulatory requirements.

Expert knowledge & experience with risk policy frameworks; quality control/testing frameworks.

Seasoned industry knowledge.

Technical leader viewed as a thought leader for innovation.

Strong verbal & written communication skills.

Analytical and problem‑solving skills.

Influence skills.

Collaboration & team skills with focus on cross‑group collaboration.

Able to manage ambiguity.

Data‑driven decision making.

Salary $121,600.00 - $211,800.00 – Salaried.

Seniority Level Not Applicable

Employment Type Full‑time

Job Function General Business, Management, and Business Development

About Us At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. We transform lives and businesses, and drive economic growth worldwide.

We are committed to an inclusive, equitable, and accessible workplace. Accommodations are available on request.

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