Centralized Branch Compliance Officer
Centralized Branch Compliance Officer
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Job Description
Application Deadline:
Address:
250 Yonge StreetJob Family Group:
Supports the business/group leader in the effective implementation maintenance and administration of first line of defense 1st LOD) programs (e.g. operational risk AML compliance regulatory etc. including overseeing business operations within the jurisdiction to ensure adherence and efficiency. Contributes to a strong risk management culture through collaboration with other first line employees and second & third line functions to ensure Compliance AML or operational risks are identified mitigated monitored and reported on an ongoing basis.
- Supports a single business unit with corresponding number of regulators.
- Supports the implementation of risk management programs/frameworks.
- Supports the of strategic initiatives in collaboration with internal and external stakeholders.
- Builds effective relationships with internal/external stakeholders.
- Ensures alignment between stakeholders.
- Gathers and formats data into regular and adhoc reports and dashboards.
- Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments planning stakeholder management evaluation and sustainment of initiatives.
- Monitoring to ensure that 1st line jobs are following defined processes and procedures.
- Develops documents and maintains business/group procedures updating and obtaining approvals as regulations or the operating environment changes and communicates changes to the business/group & relevant stakeholder groups.
- Supports the development of measurable sustainment strategies including assessing and recommending mitigations for industry/ segmentspecific risks and prioritizing opportunities presented by internal and external stakeholders.
- Tracks exception/exemption requests and corresponding approvals.
- Builds awareness knowledge and skills and as necessary provides communication practical tools and ongoing support including making presentations to promote a culture of risk identification and management.
- Supports the management of 1st LOD program for the business/group in compliance with appropriate principles standards & direction from the second line of defense groups. Includes developing and promoting program and ensuring the of all program components.
- Works with assigned business/group leaders to implement 1st LOD programs and frameworks developing and maintaining an indepth understanding of the applicable regulatory and internal risk management requirements. Interprets and provides advice on the application of the requirements for the business/group.
- Develops and maintains an understanding of the business/group strategies and objectives products and services internal and external stakeholders and business processes as well as the underlying infrastructure to identify and manage implications and risk exposures for the business/group.
- Identifies investigates analyzes documents & mitigates program risks taking into account jurisdictional issues and raises any issues or concerns to senior leaders and other stakeholders.
- Analyzes the impact and effectiveness of the program through periodic reviews.
- Recommends adjustments to the overall program policy or processes within the business/group in accordance with the Risk Appetite Statement Governance and Corporate Policy.
- Supports the business/group through internal/external audits or regulatory examinations and assists in development of action plans to resolve any identified issues.
- Provides support to the development and delivery of training and awareness programs within the business/group to increase awareness of and compliance to risk management requirements.
- Focus may be on a business/group.
- Thinks creatively and proposes new solutions.
- Exercises judgment to identify diagnose and solve problems within given rules.
- Works mostly independently.
- Broader work or accountabilities may be assigned as needed.
Qualifications:
- Typically between 3 5 years of relevant experience and postsecondary degree in related field of study or an equivalent combination of education and experience.
- Program Management Good.
- Specialized knowledge from education and/or business experience.
- Verbal & written communication skills Indepth.
- Collaboration & team skills Indepth.
- Analytical and problem solving skills Indepth.
- Influence skills Indepth.
- RISR qualification mandatory.
- BCO qualification an asset.
Salary:
Pay Type:
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 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.
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:
Unclear Seniority
Employment Type
Full-Time
