Senior Compliance Manager, Trade Surveillance, Mutual Fund Dealer

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Position Summary

The Senior Compliance Manager Trade Surveillance leads a centralized Head Office Supervision team responsible for executing and overseeing the dealers Tier 2 account supervision program in accordance with CIRO requirements. The team conducts daily and periodic supervisory reviews performs trend analysis and provides effective challenge and oversight of Tier 1 supervisory activities to ensure compliance with regulatory requirements internal policies and supervisory standards.

This role is critical to maintaining BMOs strong compliance and risk culture by ensuring the effectiveness of the dealers supervisory framework; proactively identifying assessing and escalating conduct regulatory and reputational risks; driving timely resolution; and providing meaningful reporting and insights to senior management on supervisory outcomes emerging risks and the overall health of the dealers compliance program.

Key Responsibilities

• Lead and mentor the Tier 2 account supervision team fostering a culture of sound judgment high performance superior risk management accountability and digital-first continuous improvement.
• Allocate oversee and review supervisory activities ensuring timely completion of daily periodic trend and event-driven supervisory reviews as well as appropriate escalation of higher-risk matters.
• Develop and maintain policies procedures supervision standards quality assurance processes and supervisory controls supporting the dealers Tier 2 account supervision program.
• Oversee the execution of Tier 2 supervisory reviews including trade reviews supervisory exception reporting trend analysis concentration reviews and other risk-based supervisory activities in accordance with CIRO requirements and internal policies.
• Ensure supervisory findings exceptions and identified risks are appropriately communicated documented escalated and resolved in a timely manner.
• Provide effective oversight and challenge of Tier 1 supervisory activities to ensure supervisory controls are operating effectively and consistently across the dealer.
• Lead enhancements to supervision methodologies monitoring programs reporting processes supervisory workflows and supporting technologies.
• Support regulatory examinations compliance reviews internal audits and responses to regulatory inquiries related to Tier 2 account supervision activities.
• Provide subject matter expertise on CIRO Dealer Rules securities legislation internal policies and industry best practices related to Tier 2 account supervision and sales conduct oversight.
• Partner with Legal Risk Compliance Operations Distribution Technology and Senior Leadership to address emerging risks regulatory developments and strategic initiatives.
• Deliver training and guidance to business and supervisory personnel on supervisory obligations regulatory expectations emerging risks and best practices.
• Prepare executive-level reporting and key risk metrics for senior management governance committees and the Board regarding supervisory activities trends risks and control effectiveness.
• Identify assess challenge and oversee any related supervisory issues identified ensuring action plans are appropriate timely and sustainable.
• Network with industry peers and regulatory stakeholders to remain current on regulatory developments supervisory expectations and industry best practices.
• Support risk assessments compliance testing and internal audits relevant to Tier 2 account supervision.
• Provide subject-matter expertise in the interpretation of all applicable rules legislation and guidelines affecting Tier 2 account supervision.
• Deliver training to internal stakeholders on head office supervisory requirements reporting obligations trends and regulatory obligations.

Qualifications & Experience

• Typically 8 years of relevant experience in compliance or supervision preferably within a mutual fund dealer investment dealer or applicable regulator. A postsecondary degree in a related field or an equivalent combination of education and experience.
• Detailed knowledge of CIRO Dealer Rules provincial securities legislation and account supervision requirements applicable to mutual fund dealers and preferably investment dealers.
• Strong understanding of suitability requirements client-focused reforms account supervision practices sales conduct oversight conflict management supervisory controls and risk-based monitoring frameworks.
• Demonstrated leadership experience managing teams is preferred.
• Exceptional analytical investigative problem-solving and decision-making skills.
• Recognized industry and compliance courses or designations preferred (e.g. CSC CPH PDO CCO Qualifying Exam CIM CAMS or equivalent).
• Strong verbal written and presentation skills with the ability to communicate complex regulatory matters to diverse audiences.
• Demonstrated ability to exercise sound regulatory judgment effectively challenge business practices and provide credible oversight and independent review.
• Ability to synthesize complex information and provide meaningful insights and recommendations to senior management and governance committees.
• Strong stakeholder management skills with the ability to influence and collaborate across business compliance risk legal and operational functions.
• Comfortable leveraging data analytics reporting tools and digital technologies to enhance supervisory effectiveness oversight and operational efficiency.

The above represents BMO Financial Groups 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 Groups expected target for the first year in this position.

BMO Financial Groups 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: 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. Well 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 well help you gain valuable experience and broaden your skillset.

To find out more visit us at is committed to an inclusive equitable and accessible workplace. By learning from each others 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.