Senior Compliance Manager, Regulatory & Advisory (BMO Nesbitt Burns, Retail Compliance)

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Senior Compliance Manager, Regulatory & Advisory (BMO Nesbitt Burns, Retail Compliance)

The Senior Compliance Manager, Regulatory & Advisory (BMO Nesbitt Burns, Retail Compliance) reports to the Chief Compliance Officer, BMO Nesbitt Burns, Private Client Division, and BMO Private Wealth Canada. The Senior Compliance Manager leads a small team of compliance professionals and is responsible for:

• advising the business on regulatory developments, and changes to products, programs and policies and procedures,
• leading regulatory exams,
• fulfilling a second line function for various compliance related activities, including reviews of outside activities, private placements, personal financial dealings, etc.,
• coordinating as required with the Senior Compliance Manager, Compliance Oversight & Branch Reviews, and
• other tasks as may be assigned by the CCO or others.

The Senior Compliance Manager will work with the business and other internal stakeholders to ensure regulatory, corporate and fiduciary obligations are met, identify emerging risks and trends and advise on the implementation of appropriate actions to mitigate them, and develop and maintain compliance information for analysis and reporting. When addressing risks, the Senior Compliance Manager will contribute to the business and Compliance's 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. To achieve these goals, the Senior Compliance Manager will need to maintain knowledge of regulatory requirements and developments, and network with industry associations and other industry contacts to stay informed of industry developments and best practices.

Qualifications:

• Seasoned professional, with typically 8+ years of relevant experience (including experience managing regulatory developments/regulatory proposals, regulatory exams and advising the business on compliance related matters) and a post-secondary degree in related field of study or an equivalent combination of education and experience.
• Track record of fostering compliance.
• Advanced knowledge of regulatory/compliance requirements, the operations of a full-service securities dealer, and of CIRO rules.
• Recognized compliance certificate (i.e. CSI course such as CSC, CPH, CCO, PDO, IDSC) or equivalent preferred.
• People manager experience preferred.
• Strong communication (verbal & written), critical thinking, relationship management and project management skills.
• Strong analytical and problem-solving skills / data driven decision-maker.
• Influence skills.
• Collaboration & team skills; with a focus on cross-group collaboration.
• Able to manage ambiguity.
• Other assets: experience at a securities regulator, being bilingual.
• Manages people and leads a team capable of delivering the desired business results within the Bank's risk appetite and in compliance with applicable requirements.
• Acts as a subject matter expert on relevant regulations and policies and maintains a high level of expertise in all regulations, directives and guidance which apply to the business.
• Provides input to the business on emerging risks, regulatory developments and interpretation of regulations; advises on potential consequences of unaddressed risk factors/compliance gaps, recommends appropriate controls, and assists the business in communicating and implementing changes to comply with evolving or new regulatory requirements.
• Represents the business and Compliance team and interacts with examiners/auditors during internal, external and regulatory audits and examinations.
• Proactively identifies regulatory risk, and elevates potential significant or high profile regulatory findings within Compliance and the business for prompt resolution.
• Consults on new products, programs, services, initiatives and automated systems to assist with incorporating compliance requirements into these initiatives.
• Builds effective professional relationships with business group, internal/external stakeholders and trust with regulators. Also networks with industry contacts to gain competitive insights and best practices.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Analyses/reviews and reports compliance information and associated data to Compliance and business.
• Operates effectively within a high stress environment with constantly changing expectations and regulatory & audit scrutiny.

The above represents BMO Financial Group's 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 Group's expected target for the first year in this position.

BMO Financial Group's 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: https://jobs.bmo.com/global/en/Total-Rewards

About 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. We'll 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, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

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.