Vice President Regulatory Financial Crisis Management
Vice President Regulatory Financial Crisis Management
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 120000 - 160000
1 Vacancy
Job Description
Application Deadline:
Address:
151 W 42nd StreetJob Family Group:
Business ManagementBMO Capital Markets is a leading fullservice financial services provider. We offer corporate and investment banking treasury management as well as research and advisory services to clients around the world. #bmocapitalmarkets
Mandate:
Vice President will work directly with the Director Regulatory & Financial Crisis Management (OCOO) to be accountable for:
Preparing for and executing regulatory examinations or reviews of Capital Markets legal entities Helping to ensure BMO Capital Markets continued compliance with the evolving global regulatory environment Ensuring BMO Capital Markets stays uptodate with financial crisis management activities and testing Helping to facilitate a transparent compliant proactive and effective regulatory risk management environment within all areas of BMO Capital Markets Ensuring risks and issues are escalated appropriately through the applicable US governance framework(s).
Overall Accountabilities:
Regulatory/Exam Focus 60 Financial Crisis Management 20 Risk & Controls 10 Strategic Capabilities 10
Regulatory
- Work directly with Director Regulatory & Financial Crisis Management (OCOO) to prepare all internal stakeholders for incoming regulatory engagements involving global Capital Markets legal entities
- Work with internal stakeholders to aggregate and develop timely responses to regulatory requests
- Manage and/or facilitate the response to regulatory requests as directed
- Interact directly and in coordination with senior management with key regulators as required
- Help to ensure best practices and relevant Capital Markets strategic elements are aligned and shared amongst key stakeholders to promote a strong transparent and effective regulatory environment
Financial Crisis Management
- Work closely with the Financial Crisis Management Office to execute reviews and tests for the Capital Markets annual plan.
- Ensure framework is uptodate and reviewed no less than annually
Risk Management
- Escalate key issues when gaps in Capital Markets or legal entity regulatory compliance are identified
- Proactively review and make recommendations regarding the management of key regulatory and compliance risks across Capital Markets
- Support Capital Markets legal entities in the preparation and evaluation of Inherent Risk Assessments
- Proactively support the timely resolution of any Risk and Control Assessment issues
Strategy
- Undertake analysis that will help identify potential areas of concern/challenge in the US TP CMC ChiB and NYB strategy
- Work with colleagues across OCOO to identify opportunities across the Capital Markets network to improve operational processes risk management practices cost controls and make recommendations to leadership
Knowledge:
- Fouryear college or university degree
- 47 years of Capital Markets industry or related experience
- Thorough knowledge of Capital Markets business concepts strategies and products
- Thorough knowledge of Capital Markets business practices and procedures
- Strong understanding of broad regulatory and compliance concepts
- Strong understanding of regulatory control concepts
- Strong understanding of supervisory procedure concepts
- Familiarity with financial industry regulatory exam concepts
- Experience dealing directly with Financial Regulators in some capacity
Skills:
- Strong interpersonal skills especially collaboration and resolution management
- Highly developed written and oral communication skills
- Highly organized with a proven ability to manage multiple priorities in a fastpaced environment
- Ability to create partnerships amongst a diverse set of stakeholders across a large organization
- Demonstrated ability to work well as part of a team
- Exceptional analytical and conceptual skills
- Skilled in adapting the role and approach as the requirements of the situation change and adept at seeking new and better ways of attaining goals
- A selfstarter
- Excellent attention to detail and ability to learn and adapt quickly.
The salary range for this position located in New York is $120000.00
$160000.00 USD.
Salary:
$79800.00 $148000.00Pay Type:
SalariedThe 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 parttime roles will be prorated 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 performancebased 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 indepth training and coaching to manager support and networkbuilding opportunities well help you gain valuable experience and broaden your skillset.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an email to and let us know the nature of your request and your contact information.
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.
Required Experience:
Chief
Employment Type
Full-Time
