Associate, AI Governance

100 King Street West Toronto Ontario,M5X 1A1

BMO Capital Markets is a leading, full-service North American-based financial services provider, with over 2,700 professionals in 30 locations around the world, including 20 offices in North America, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$1.0 trillion total assets and approximately 54,000 employees as of January 31, 2025.

About the Role

We are seeking an experienced AI Governance professional to join our Data Cognition Team at BMO Capital Markets. This role is at the forefront of shaping and enforcing Responsible AI practices within a highly regulated financial environment. You will lead initiatives to ensure compliance with evolving AI regulations, manage governance frameworks, and oversee risk mitigation strategies across the AI lifecycle. Success in this role requires a blend of technical expertise, regulatory knowledge, and strong communication skills to influence decision-making at all levels.

Our Team

The Data Cognition Team (DCT) at BMO Capital Markets delivers a scalable, customizable, and sustainable suite of AI-enabled products for multiple business units. We leverage advanced data and analytics technologies to solve complex business challenges and drive strategic transformation across Investment Banking, Global Markets, and other divisions.

Key Responsibilities

Develop and maintain AI governance frameworks aligned with organizational and regulatory requirements.
Implement AI risk directives and monitor adherence across all AI initiatives.
Respond promptly to regulatory inquiries and maintain audit-ready documentation.
Manage AI libraries and catalog third-party AI solutions.
Conduct quarterly controls reporting and prepare governance updates for senior leadership.
Facilitate governance forums and stakeholder meetings to align on Responsible AI practices.
Oversee AI intake processes, ensuring proper evaluation and documentation of new AI use cases.
Identify, assess, and escalate AI-related risks and compliance issues.
Support Governance, Risk, Compliance, and Ethics activities integrated with AI governance processes.

Qualifications

Background in AI, Policy, or related field with a focus on AI governance and regulatory compliance.
Minimum 3 years of experience in AI governance, Responsible AI, or risk management.
Financial services or highly regulated industry experience preferred.
Expertise in AI governance frameworks (e.g., NIST AI RMF, ISO/IEC 23053, EU AI Act).
Hands-on experience with AI model lifecycle management, including validation, monitoring, and retirement.
Knowledge of emerging AI regulations and ability to translate requirements into operational practices.
Strong communication skills for presenting to executives, boards, and regulatory bodies.
Ability to influence cross-functional stakeholders and drive adoption of governance policies.

Nice to Have

Familiarity with AI explainability techniques, model interpretability tools, and algorithmic transparency methods.
Experience with AI audit methodologies and third-party vendor assessments.
Knowledge of generative AI and large language models, including governance challenges.
Certifications in AI ethics, risk management, or compliance frameworks.

What We Offer

Join our team at BMO Capital Markets and help shape the future of Responsible AI in Investment Banking and Global Markets. We offer opportunities for professional growth, access to cutting-edge technologies, and the chance to make a meaningful impact on ethical AI deployment. Apply today with your resume, highlighting your experience in AI governance, risk management, and regulatory compliance.

Base Salary: $90,000- $120,000 CAD

(subject to negotiation and subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

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.