Associate Fixed Income Compliance Advisory

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**Please note that this is a hybrid work arrangement - 3 days in the office each week is the expectation**

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Our team is growing its Fixed Income Commodities and Currency Compliance (FICC) team in New York with a focus on FINRA and SEC broker-dealer requirements and corresponding oversight. We are looking for someone to work closely with the Fixed Income Lines of Business (LOBs) as well as ancillary interaction with Currencies and Commodities LOBs and other internal business partners to ensure regulatory corporate and fiduciary obligations are met. You will have a specific focus on compliance oversight over BMOs Fixed Income activities and maintain current knowledge of regulatory requirements and developments monitoring risk/trade surveillance and identifying and corrects possible gaps and weaknesses. Our particular focus will be the Securitized Products Business.

The ideal candidate will assist in the implementation maintenance and administration of the Fixed Income compliance program. Coordinate and performs risk assessment monitoring testing and surveillance activities to ensure program remains current and aligned with BMO Compliance Program. Work with business units and internal partners to ensure regulatory corporate and fiduciary obligations are met. Advise the business on implications of new regulatory developments or internal products and assists to implement new/revised policies and programs to address them. Identify risks and implement appropriate actions to mitigate them. Develop and maintain compliance information for analysis and reporting. Achieve compliance goals by maintaining current knowledge of regulatory requirements and developments. Maintain functional and regulatory expertise specific to business group and refers to Compliance Policies & Procedures manuals for requirements. Contribute to business 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.

Additionally the ideal candidate will:

• Focus on business/groups within BMO Capital Markets Corp but also be involved in a broader enterprise-wide focus.
• Provide specialized consulting analytical and technical support.
• Work independently and exercise sound judgment to identify diagnose and solve problems within given regulations laws and internal policies.
• Provide advice and guidance to Fixed Income business units on implementation of solutions regarding regulatory risk based on business operations and stakeholder needs.
• Consult with the various business lines/units on new products services and automated systems to assist with compliance requirements in these initiatives.
• Ensure effective regulatory compliance controls and monitoring.
• Identify and advise on emerging issues and trends to inform decision-making.
• Help determine business priorities and best sequence for execution of business strategy.
• Build effective professional relationships with business units internal/external stakeholders and trust with regulators.
• Analyze and report on compliance data and related data to gain insights on regulatory risk.
• Oversee the development and maintenance of guidelines and procedures providing advice/rulings as necessary for a single function within a geographic area.
• Participate in the design implementation and management of core business unit processes.
• Conduct and/or effectively challenge monitoring and testing and risk assessments for business units and assist to identify more effective compliance controls and alignment with regulatory requirements.
• Identify assess effectively challenge and oversee the satisfactory resolution of issues including remediation plans and validation.
• Elevate high profile issues/risk cases to Compliance and business/group management for prompt resolution.
• Develop and maintain a high level of expertise in all regulations directives and guidance which apply to the business unit(s) supported.
• Provide input to the business on emerging risks regulatory developments and interpretation of regulations.
• Advise first line of defense management and employees on compliance matters.
• Ascertain training needs and help develop training based on gaps identified through the compliance monitoring and testing.
• Assist business group management in communicating and implementing changes to applicable regulatory policies and procedures.
• Represent the Compliance team and interact with examiners/auditors during internal external and regulatory audits and examinations.
• Provides regulatory perspective on business groups sales and marketing materials.
• Anticipate/ identify and analyze risk and consequences of unaddressed risk factors/ compliance gaps and recommends appropriate controls.
• Operate effectively within a fast-paced high-stress environment with regulatory & audit scrutiny.

Qualifications:

• Functional knowledge of multiple FICC market activities including:Primary Dealer GSEs Trade reporting (TRACE) communications supervision best execution/order handling and Market Access.
• Strong knowledge of applicable regulatory/compliance requirements securities laws rules and regulations with the ability to assess firm impact. Series 7 63 and/or 24 a plus.
• Typically minimum of 3 years of relevant experience and secondary degree in related field of study or an equivalent combination of education and experience.
• Recognized compliance certificate or equivalent preferred.
• Experience at a regulatory body for one or more compliance area(s) is desirable but not required.
• Strong communication critical thinking relationship management and project management skills.
• Knowledge and technical proficiency in Microsoft Office products like Excel Word Teams and PowerPoint
• Strong verbal & written communication skills.
• Collaboration team skills and ability to constructively influence is highly valued.
• Deep analytical and problem-solving skills.
• Data-driven decision making is valued.

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.

To find out more visit us at is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race religion color national origin sex (including pregnancy childbirth or related medical conditions) sexual orientation gender identity gender expression transgender status sexual stereotypes age status as a protected veteran status as an individual with a disability or any other legally protected characteristics. We also consider applicants with criminal histories consistent with applicable federal state and local law.

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 e-mail 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.