Capital Markets, Senior Compliance Officer

BMO•New York, NY

1d•$81,400 - $151,800•Onsite

About The Position

The Capital Markets Senior Compliance Officer will assist in the effective implementation, maintenance and administration of the Capital Markets Compliance Program. The role provides compliance advisory services, coordinates and performs ongoing risk assessment, monitoring and surveillance activities to ensure that the Compliance Program remains current and aligned with the Firm’s Enterprise-wide Compliance Program. The role works closely with the relevant other internal business partners to ensure regulatory, corporate and fiduciary obligations are met. This role will have a specific focus on compliance oversight over BMO’s Capital Markets and equity activities. The Capital Markets Senior Compliance Officer maintains current knowledge of regulatory requirements and developments, monitors risk, identifies and corrects possible gaps and weaknesses. This individual will be responsible for the successful implementation and maintenance of the Firm’s compliance framework. This role provides real-time guidance to Capital Markets management on implications of new regulatory policies or Bank products and assists in the implementation of new or revised policies and programs to address them. The role develops and maintains compliance information for analysis and reporting. Conduct surveillance reviews and evaluate accuracy, reliability and integrity of the compliance analytics and findings produced. Identify potential issues associated with surveillance tools and process enhancements and development scenarios. Communicate and escalate potential issues for timely addressing and resolution. Fortify detection capabilities and innovation within the program. Respond to inquiries from auditors and regulators; participate in initiatives to drive adherence to regulatory frameworks and documentation. In coordination with the CCO, support the CMC equity program including a focus on building and executing the monitoring framework and compliance responsibilities Assist in the development of the Equity Compliance Program regarding FINRA broker-dealer requirements and corresponding oversight. Execute appropriate testing and analyze key performance indicators to ensure requirements of the LOB policies and programs are maintained at a level commensurate with regulatory expectations. Support root cause analysis in response to material control failures in line(s) of business. Review electronic communications. Analyze and explore multiple data types in order to identify anomalies and patterns of risk Anticipate potential consequences of unaddressed risk factors or shortfalls in compliance and recommend appropriate controls. Partner with business, legal, risk, and operations teams to provide compliance input on new products, initiatives, and process changes. Monitor and assess regulatory developments impacting equities businesses and assist with updating policies and procedures as needed. Participate in risk assessments, issue tracking, and remediation efforts to address control gaps and regulatory findings. Provide guidance to traders, sales staff, operations and supervisory personnel on new regulations or interpretations. A focus will be placed on regulatory developments stemming from SEC and FINRA. Develop and maintain a high level of expertise in all regulations, directives and guidance which apply to the Equity group(s) supported.

Requirements

Bachelor’s degree required.
Minimum of 5 years of experience with a financial services firm in a compliance role or equivalent experience at a regulator.
Strong knowledge of applicable securities laws, rules and regulations with the ability to assess firm impact.
Strong communication, critical thinking, relationship management, and project management skills.
Deep operational and regulatory knowledge across SEC, FINRA, and exchange rules.
Demonstrated analytical and problem-solving skills with the ability to synthesize complex information and provide actional recommendations.

Nice To Haves

Strong knowledge of multiple equity market activities preferred including: communications, SEC Rule 605/6, supervision, best execution/order handling, and SEC Rule 15c3-5.
Builds relationships with key stakeholders to ensure high levels of satisfaction and lay the foundations for continued growth and partnership.
Leads project to completion, provides process and technical expertise, advice and consulting throughout plan execution.
Leads process improvements based on post-mortem analysis.
Leverages feedback to improve processes collaborating with leadership teams across departments.
Must be a highly motivated candidate with the ability to work independently.
The ability to multi-task, plan and prioritize a large volume of detail-oriented work in accordance with changing deadlines.
Series 7, 63, 24 a plus.
Strong understanding of options trading and market structure.
Experience across multiple compliance functional areas (surveillance, investigations, testing, reporting).
Expertise in surveillance systems, investigation methodologies, and testing protocols.
Ability to translate complex regulatory requirements into practical operational procedures.

Responsibilities

Assist in the effective implementation, maintenance and administration of the Capital Markets Compliance Program.
Provide compliance advisory services.
Coordinate and perform ongoing risk assessment, monitoring and surveillance activities.
Ensure the Compliance Program remains current and aligned with the Firm’s Enterprise-wide Compliance Program.
Work closely with relevant internal business partners to ensure regulatory, corporate and fiduciary obligations are met.
Provide compliance oversight over BMO’s Capital Markets and equity activities.
Maintain current knowledge of regulatory requirements and developments.
Monitor risk, identify and correct possible gaps and weaknesses.
Provide real-time guidance to Capital Markets management on implications of new regulatory policies or Bank products.
Assist in the implementation of new or revised policies and programs.
Develop and maintain compliance information for analysis and reporting.
Conduct surveillance reviews and evaluate accuracy, reliability and integrity of compliance analytics and findings.
Identify potential issues associated with surveillance tools and process enhancements and development scenarios.
Communicate and escalate potential issues for timely addressing and resolution.
Fortify detection capabilities and innovation within the program.
Respond to inquiries from auditors and regulators.
Participate in initiatives to drive adherence to regulatory frameworks and documentation.
Support the CMC equity program including building and executing the monitoring framework and compliance responsibilities.
Assist in the development of the Equity Compliance Program regarding FINRA broker-dealer requirements and corresponding oversight.
Execute appropriate testing and analyze key performance indicators.
Support root cause analysis in response to material control failures.
Review electronic communications.
Analyze and explore multiple data types to identify anomalies and patterns of risk.
Anticipate potential consequences of unaddressed risk factors or shortfalls in compliance and recommend appropriate controls.
Partner with business, legal, risk, and operations teams to provide compliance input on new products, initiatives, and process changes.
Monitor and assess regulatory developments impacting equities businesses and assist with updating policies and procedures.
Participate in risk assessments, issue tracking, and remediation efforts.
Provide guidance to traders, sales staff, operations and supervisory personnel on new regulations or interpretations.
Develop and maintain a high level of expertise in all regulations, directives and guidance which apply to the Equity group(s) supported.