Senior Compliance Officer, Management Reporting
Senior Compliance Officer, Management Reporting
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Job Description
Application Deadline:
Address:
100 King Street WestJob Family Group:
This is a fantastic hybrid opportunity to join our Legal Regulatory and Compliance team at BMO at our downtown Toronto offices. If you are an effective communicator that is highly organized with strong attention to detail and the ability to quickly build trust with your stakeholders this could be the next step in your with the Governance Risk and Compliance Engine (GRCE) platform or Archer (or similar centralized risk and compliance platforms) is a definite asset.
Assists in the implementation maintenance and administration of the Capital Markets compliance program. Analyses risk assessment monitoring testing and surveillance activities outcomes to ensure program remains current and aligned with BMO Compliance Program. Works with business/group and internal partners to ensure regulatory corporate and fiduciary obligations are met. Advises business/group on implications of new regulatory developments or internal products and assists to implement new/revised policies and programs to address them. Identifies risks and implements appropriate actions to mitigate them. Develops and maintains compliance information for analysis and reporting. Achieves compliance goals by maintaining current knowledge of regulatory requirements and developments. Maintains functional and regulatory expertise and refers to Compliance Policies & Procedures manuals for requirements. Contributes to business/group results by providing oversight and making recommendations that significantly impact the Banks ability to monitor regulatory compliance programs minimize operational risk and align with regulatory agencies.
Assists in development and production of management and board reports
Collaborates to ensure timely and complete responses to regulatory exams and inquiries
Manages regulatory filings
Performs governance activities related to e-communications surveillance
Influences to achieve effective regulatory compliance controls that enable business objectives.
Builds effective professional relationships with business groups internal/external stakeholders and trust with regulators.
Analyses and reports on compliance data and related data to gain insights on regulatory risk.
Oversees the development and maintenance of guidelines and procedures providing advice/rulings as necessary.
Participates in the design implementation and management of core business/group processes.
Assists to identify more effective compliance controls.
Performs and/or effectively challenges monitoring and testing activities to ensure regulatory compliance controls are operating and aligned to regulatory requirements.
Supports root cause analysis in response to material control failures in business/group.
Identifies assesses effectively challenges and oversees the satisfactory resolution of issues including ensuring adequate management remediation plans and validation.
Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution.
Analyzes and reports compliance information to Compliance and business/group management.
Develops and maintains a high level of regulatory expertise.
Interacts with examiners/auditors during internal external and regulatory audits and examinations.
Anticipates/ identifies and analyses risk and consequences of unaddressed risk factors/ compliance gaps and recommends appropriate controls.
Operates effectively within a high stress environment with constantly changing expectations and regulatory & audit scrutiny.
Accesses monitors and reports on sensitive Bank customer transactional and employee information to ensure compliance with regulatory requirements.
Communicates the roles and importance of each of the three lines of defense and proactively identifies regulatory risk.
Provides specialized consulting analytical and technical support.
Exercises judgment to identify diagnose and solve problems within given rules.
Works independently and regularly handles non-routine situations.
Broader work or accountabilities may be assigned as needed.
Qualifications:
Typically minimum of 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Recognized compliance certificate or equivalent preferred.
Skilled knowledge of regulatory/ compliance requirements in area of expertise
May require experience at regulatory body for one or more compliance area(s).
Strong communication critical thinking relationship management and project management skills.
Deep knowledge and technical proficiency gained through extensive education and business experience.
Strong organizational skills In-depth
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.
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 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.
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:
Senior IC
Employment Type
Full-Time
