Associate, Registrations & Governance

BMO • Chicago, IL

1d • $55,000 - $120,000

About The Position

The Associate, Registrations & Governance assists in implementing, maintaining, and administering compliance programs. The role supports risk assessments, monitoring, testing, and surveillance to ensure alignment with regulatory requirements and the BMO Compliance Program. Working with business partners and internal stakeholders, the Associate helps identify and mitigate regulatory risks, supports compliance reporting, and contributes to effective compliance oversight.

The position provides compliance advice and oversight, supports issue resolution and reporting, and advises on applicable regulations and emerging risks. It also builds relationships with business lines and stakeholders, represents the Compliance team in audits and examinations, supports investigations and regulatory inquiries, and contributes to training and process improvements. The role involves complex work, changing expectations, and regulatory and audit scrutiny; broader accountabilities may be assigned as needed.

Requirements

• Typically 3 to 5 years of relevant experience and a post-secondary degree in a related field, or an equivalent combination of education and experience.
• Proficient knowledge of consumer protection and related marketing and advertising guidelines.
• Proficient knowledge of a compliance field.
• Strong knowledge of business operations, procedures, and activities involving documented practices.
• Strong communication, critical thinking, relationship management, and project management skills.
• Technical proficiency gained through education and/or business experience.
• In-depth verbal and written communication skills.
• In-depth collaboration and team skills.
• In-depth analytical and problem-solving skills.
• In-depth influence skills.
• In-depth data-driven decision-making skills.

Nice To Haves

• Recognized compliance certificate or equivalent.

Responsibilities

• Advise assigned business groups on solutions for managing regulatory risk, based on an understanding of their operations and stakeholder needs.
• Conduct or challenge risk assessments and help identify effective compliance controls.
• Perform or challenge monitoring and testing to verify that compliance controls operate and meet regulatory requirements.
• Support root cause analysis following material control failures.
• Identify and analyze risks and compliance gaps, recommend controls, and communicate the roles of the three lines of defense.
• Oversee issue resolution, including management remediation plans and validation; escalate high-profile issues and risk cases.
• Analyze and report compliance information to Compliance and business/group management.
• Access, monitor, and report on sensitive Bank, customer, transactional, and employee information to support regulatory compliance.
• Maintain expertise in regulations, directives, and guidance applicable to supported business groups; provide input on emerging risks and regulatory interpretation.
• Advise first-line management and employees on compliance matters and consult on new products, services, and automated systems.
• Help business group management communicate and implement changes to applicable regulatory policies and procedures.
• Provide a regulatory perspective on business group sales and marketing materials.
• Build professional relationships with business lines, stakeholders, regulators, examiners, and auditors.
• Represent the business/group Compliance team during internal, external, and regulatory audits and examinations; support investigations and regulatory inquiries as required.
• Identify training needs and help develop training based on compliance monitoring and testing gaps.
• Identify improvements to business group compliance tools and processes and communicate them to stakeholders.
• Exercise judgment to diagnose and solve problems within established guidelines, and work independently on complex tasks, including unique situations.
• Perform other broader work or accountabilities as assigned.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included, depending on the position's pay type.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree