Associate, Regulatory Compliance Management (RCM)
Associate, Regulatory Compliance Management (RCM)
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
Job Description
Application Deadline:
Address:
100 King Street WestJob Family Group:
BMO Capital Markets is a leading full-service financial services provider. We offer corporate and investment banking treasury management as well as research and advisory services to clients around the world. #bmocapitalmarkets
This position plays a critical role in supporting the Capital Markets AMLRO Offices oversight of regulatory compliance quarterly attestations inherent risk assessments and service level agreements. Key accountabilities are described below:
- Lead the execution of the CM AML Regulatory Compliance Management (RCM) Framework across BMO CM jurisdictions:
- Keep informed of changes in regulatory requirements and AML legislation in the various jurisdictions where BMO operates and analyze regulatory applicability across CM lines of business and legal entities
- Interpret AML legislation and regulatory requirements to identify appropriate controls to manage risk within BMO CMs stated risk appetite. This may include recommendations to enhance existing controls.
- Handle ad hoc requests for regulatory interpretation to assist other teams within the AMLRO
- Maintain the inventory of regulations controls sanctions issues and associated mappings within the RCM in collaboration with Second Line and jurisdictional stakeholders as needed
- Act as trusted AML advisor to the various lines of business within BMO Capital Markets
- Prepare materials quarterly to support attestations to CAMLO which entails preparing for and conducting meetings with business senior leaders as well as sharing pertinent materials with jurisdictional AMLRO representatives
- Articulate AML-related risk concepts and their relevance to each product/customer segment to senior leaders within CM on a regular basis
- Lead and assist with the periodic updates of reliance agreements between international Capital Markets Legal Entities and BMO North America to ensure outsourcing agreements are built in accordance with global and specific local regulatory guidance:
- Update and maintain the inventory of reliance agreements functioning as global handoff controls and identify improvement opportunities
- Support strategic projects related to Outsourcing Attestation reports and new technology developments for Regulatory Compliance
- Participate in regulatory submissions related to AML outsourcing across jurisdictions and remediation of gaps
- Support Inherent Risk Assessments (IRAs) on Capital Markets Assessable Units by identifying customer geography product and various other risks based on qualitative and quantitative data. Work closely with the Business and various other stakeholders to determine a comprehensive understanding of the inherent risks of their operations.
This role will offer you the opportunity to learn best-in-class practices relating to risk management in a global organization.
Qualifications
Knowledge & Skills
- Knowledge and Background
- Bachelors degree in Business Finance Law or related field; CAMS certification preferred.
- 3-5 years of experience in AML compliance risk management or regulatory oversight within financial services.
- Strong understanding of and ability to interpret and apply global AML law and regulations.
- Communication and Other Core Skills -
- Excellent judgment and interpersonal skills that allow the incumbent to consult influence and collaborate with different colleagues across various levels of management and business groups.
- Strong analytical problem-solving skills and strategic thinking are key to this role.
- Ability to engage in difficult conversations in a neutral or positive way.
- Ability to confidently and succinctly present information and updates to stakeholders and senior management is also an asset.
- Additional Skills High attention to detail ability to manage multiple priorities and meet tight deadlines. Understanding of Capital Markets products processes structure and technology is preferred. Industry certification or designations in related areas of specialty is preferred. This role requires an individual with process efficiency and continuous improvement mindset. Proficiency with excel is an asset.
Primary Location: First Canadian Place (100 King Street) / Hybrid
Expected salary range: $75000 up to $85000 CAD (subject to negotiation and subject to the candidate meeting the specific skills experience education and qualification requirements)
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:
IC
Employment Type
Full-Time
