Romy Bowers

Ms. Romy Bowers was appointed Director, Office of Risk Management, International Monetary Fund in January 2024. She is responsible for leading the development and implementation of the Fund's Enterprise Risk Management Framework.

Ms. Bowers was appointed Director, Office of Risk Management, International Monetary Fund in January 2024. She is responsible for leading the development and implementation of the Fund's Enterprise Risk Management Framework. Ms. Bowers, a Canadian national, brings to the Fund more than 20 years of experience in both the public and private sectors. For the past three years, she has been President and Chief Executive Officer of Canada's Mortgage and Housing Corporation (CMHC)-a public agency managing over US$250 billion in assets-where her talent and skills in risk management were essential in safeguarding the agency's balance sheet and in delivering Canada's National Housing Strategy. Ms. Bowers has held a number of other key positions at CMHC over a span of nine years, beginning in 2015 as the agency's Chief Risk Officer tasked with leading transformational change. She helped modernize CMHC's risk management function, improve its risk management practices, and strengthen its risk culture.

Prior to the CMHC, Ms. Bowers had an impressive private sector career. She served as Managing Director and Head of US Operational Risk Management at the Bank of Montreal (BMO) Financial Group, the eight largest financial institution in North America. She held other senior positions in finance and risk management during her 15 years at BMO. Among her many managerial successes, she was instrumental in developing and implementing strategic initiatives that enhanced BMO's enterprise risk management, stress testing, organizational resilience, and operational risk management capabilities.

Ms. Bowers has an MBA in Finance from the University of Toronto, and a Master's in Arts from McGill University in Canada. She has completed the Advanced Management Program at the Harvard Business School in Boston, Massachusetts.

Last Updated: June 30, 2026