VP, Capital Markets Supervision

Application Deadline:

02/27/2025

Address:

151 W 42nd Street

Job Family Group:

Business Management

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

MANDATE

Capital Markets Supervision (CMS) is responsible for directing, leading, and operating the First Line of Defense’s Operating Group Compliance Program (OGCP).

The OGCP is the system of policies, processes and controls established and implemented by the First Line of Defense to achieve and sustain its risk-based compliance with applicable laws and regulatory requirements. CMS tests that the First Line of Defense responsibilities outlined in the Legal Regulatory Compliance Risk Management (LRCRM) Policy, the Enterprise Compliance Program, and the Global Compliance Manual (GCM) and supporting operating guidelines are met. 

CMS is part of the overall Risk & Regulatory Services Organization and is specifically responsible for the monitoring of trade floor activities and ensuring these activities adhere to all applicable regulations. This is achieved through transaction, data and communication reviews, risk assessments and attestations.  CMS also provides advisory services for the Line of Business on regulatory matters.

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KEY ACCOUNTABILITIES

Working directly with the Line of Business (Structured Products Trading and Sales personnel), colleagues within CMS, and Compliance, the VP will be responsible to review assigned surveillance reports, validate activity and document results.  Primary products covered will be various mortgage and asset backed securities but may also include other fixed income asset classes.

Additional accountabilities include maintaining a robust understanding of the regulatory obligations associated with these products and personnel, and the development and/or continued maintenance of a first line of defense (Trade Supervision) protocol for monitoring controls around them.

The VP is also accountable for helping to promote an inherent culture of compliance across Capital Markets.

Responsibilities would include:

• Review trade exception reports and trading activity to ensure compliance with appropriate rules and regulations.

• Review electronic and voice communications of employees to ensure appropriateness and adherence to defined regulatory risk policies.

• Analyze surveillance data and develop reporting of key risk indicators for internal and external stakeholder reviewers.
• Write and maintain written supervisory procedures and other procedural documents.

• Partner closely with Compliance and Supervision colleagues to monitor Regulatory developments in the context of current rules and industry trends.

• Work on ad-hoc projects related to business initiatives or regulatory developments.
• Work closely with the Compliance Group, who carries out the Second Line of Defense mandate of independent oversight and effective challenge.
• Build relationships and collaborate with other department teams such Legal, Operations, Middle Office, and Sales & Trading.
• Assist with the Regulatory Compliance Risk Assessment process, which is an on-going review of emerging issues and risks, documentation, and enhancement of controls.
• Support the team’s mandate in maintaining best in-class Supervisory Control Framework.

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KNOWLEDGE, SKILLS & REQUIREMENTS:

• 5 - 8 years of compliance, regulatory, or structured product/fixed income-related experience.
• Fixed Income product knowledge, preferably Structured Products (e.g., ABS and MBS in the primary and secondary markets), and understanding of trading & sales activities and applicable regulations surrounding them.
• Knowledge of the Broker Dealer and Banking Regulations, which include but not limited to SEC, FINRA, FRB, NFA and CFTC.
• Demonstrated analytical, auditing, writing, communications, and presentation skills
• Strong collaborative skills
• Excellent Excel spreadsheet manipulation and data analytic skills; familiarity with Python and other programming scripts skills a plus
• Strong relationship management skills: ability to establish and manage multiple stakeholder relationships with the business, within the three lines of defense and with corporate support functions
• Proven