Senior Compliance Officer, LRC

Application Deadline:

12/31/2024

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

Become a part of our Legal, Regulatory Compliance and Procurement group, a central governance unit within Wealth Management Compliance team that plays a pivotal role in ensuring our wealth management compliance operations adhere to the highest standards of regulatory compliance.

As a Senior Compliance Officer, you will step into a dynamic and influential position that demands expertise in regulatory change management and compliance reporting. You will collaborate closely with other compliance officers to manage and enhance our regulatory compliance program.

Key Responsibilities:

• Regulatory Change Management: Stay abreast of applicable Canadian wealth management regulations and ensure our operations comply with these standards.

• Compliance Reporting: Develop and present detailed reports on the state of our compliance program to senior leadership, utilizing your strong report-writing and presentation skills.

• Stakeholder Management: Build and maintain strong relationships with various stakeholders, including senior management, to ensure seamless compliance operations.

• Data Analysis: Work with large datasets, using analytical tools to extract insights and inform decision-making processes.

Desired Skills and Experience:

• Proven experience in compliance, particularly within wealth management.

• Detailed knowledge and prior experience working with the Canadian Investment Regulatory Organization (CIRO) regulations and related guidelines.

• Strong report-writing and presentation skills.

• Ability to manage relationships with senior leadership and various stakeholders.

• Experience with securities regulations, and dealing with dealer firms.

• Proficiency in Power BI, Excel, and GRCE (Archer system or similar) is a plus.

• An analytical mindset with a keen eye for detail and a willingness to learn and adapt.

This position is located in Toronto and offers a hybrid work arrangement with at least 2 days per week designated for in-office collaboration (with Wednesday as the anchor day), while other days remote.

Assists in the implementation, maintenance and administration of a specific compliance program. Coordinates and performs risk assessment, monitoring, testing and surveillance activities 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 specific to business group, and refers to Compliance Policies & Procedures manuals for requirements. Contributes to business/group results by providing oversight and making recommendations that significantly impact the Bank’s ability to monitor regulatory compliance programs, minimize operational risk and align with regulatory agencies.

• Provides advice and guidance to assigned business/group on implementation of solutions aligned to regulatory risk appetite based on an understanding of business operations and stakeholder needs.

• Consults on new products, services and automated systems to assist with incorporating compliance requirements into these initiatives.

• Influences to achieve effective regulatory compliance controls that enable business objectives.

• Identifies and advises on emerging issues and trends to inform decision-making.

• Helps determine business priorities and best sequence for execution of business/group strategy.

• Builds effective professional relationships with business group, 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, for a single function within a geographic area.

• Participates in the design, implementation and management of core business/group processes.

• Conducts and/or effectively challenges risk assessments for business/group and assists to identify more effective compliance control