Senior AI Risk Officer

Job description

Application Deadline: 09/11/2026 Address: 100 King Street West Job Family Group: Audit, Risk & Compliance The Senior Manager, AI Risk (Audit & Regulatory Affairs Lead), operating within the second line of defense (Operational Non-Financial Risk), is responsible for overseeing AI risk management activities for assigned business portfolios while serving as the primary lead for AI-related regulatory engagement, assurance activities, audit coordination, and emerging regulatory intelligence. The role provides ongoing second-line oversight and effective challenge over AI use cases within assigned portfolios, while also acting as the central coordination point for Internal Audit, regulators, independent reviews, and external assurance activities. The incumbent will monitor the evolving AI regulatory landscape, assess implications for BMO's AI governance framework, and provide strategic guidance to ensure continued alignment with supervisory expectations and industry best practices. By establishing dedicated ownership of regulatory and assurance activities, this role reduces execution risk associated with regulatory examinations, audit engagements, and evolving regulatory requirements while enabling the broader AI Risk Oversight Group to maintain effective risk governance and portfolio oversight responsibilities. Key Accountabilities Oversee and provide effective challenge on AI risks for an assigned portfolio of business groups and AI use cases, consistent with second-line responsibilities. Establish ongoing monitoring activities for assigned portfolios and identify emerging AI risks, control weaknesses, and governance concerns. Serve as the primary liaison for Internal Audit, regulators, independent review functions, and external assessors on AI risk matters. Coordinate AI Risk participation in regulatory examinations, thematic reviews, horizontal reviews, independent assessments, and audit engagements. Lead the development of regulatory briefing materials, examination responses, supervisory requests, and executive communications related to AI risk management. Conduct ongoing regulatory scanning and horizon monitoring of global AI regulations, regulatory guidance, enforcement actions, and industry developments. Assess the potential impact of emerging regulatory requirements on BMO's AI Risk Framework, directives, standards, governance practices, and control environment. Provide thought leadership and recommendations regarding regulatory trends, supervisory expectations, and industry best practices related to responsible AI. Identify themes and learnings arising from audit observations, regulatory feedback, industry events, and peer practices and incorporate them into framework enhancements. Represent the AI Risk Oversight Group at internal and external governance forums related to AI regulation, policy, assurance, and industry developments. Lead the planning, coordination, governance, and reporting of complex cross-functional AI risk initiatives, regulatory examinations, audit engagements, and assurance activities. Establish and maintain integrated workplans, dependency management, risk tracking, milestone reporting, and executive governance routines to support delivery of regulatory and assurance commitments. Drive accountability across business, technology, risk, compliance, legal, and audit stakeholders to ensure timely execution of agreed actions and deliverables. Escalate risks, issues, delays, and interdependencies to senior leadership and governance forums as appropriate. Success Measures Successful coordination and management of AI-related audit, regulatory, and assurance activities with positive stakeholder feedback from Internal Audit, regulators, and senior management. Timely completion of regulatory requests, examination deliverables, audit responses, and governance reporting commitments. Enhanced regulatory readiness through proactive regulatory scanning, horizon monitoring, and timely assessment of emerging AI regulatory developments. Improved executive visibility into AI regulatory, assurance, and risk matters through clear, actionable reporting and governance materials. Effective identification, escalation, and management of risks, dependencies, and cross-functional issues impacting regulatory or assurance activities. Demonstrated influence in driving alignment across business, technology, risk, compliance, legal, and audit stakeholders. Successful integration of regulatory developments, audit observations, and industry best practices into AI risk frameworks, standards, and governance processes. Strong execution of assigned AI risk portfolio oversight responsibilities, including effective challenge, ongoing monitoring, and risk reporting. Delivery of complex cross-functional programs, workplans, and governance initiatives on schedule with appropriate executive oversight and stakeholder engagement. Increased organizational awareness of evolving AI regulatory expectations and their implications for AI governance, risk management, and control frameworks. Qualifications Typically 8+ years of relevant experience and post-secondary degree in a related field of study or an equivalent combination of education and experience. Graduate degree in Risk Management, Business Administration, Computer Science, Data Science, Public Policy, Law, or a related field preferred. Demonstrated experience in AI risk management, technology risk, model risk, regulatory compliance, audit, operational risk, or related disciplines within a large financial institution or regulated environment. Strong understanding of Artificial Intelligence, Generative AI, machine learning technologies, associated risks, and governance frameworks. Demonstrated experience working directly with Internal Audit, regulators, external assessors, or assurance functions. In-depth knowledge of emerging global AI regulations, supervisory expectations, and industry standards related to responsible AI, model governance, operational resi