Compliance Officer

BMO•Toronto, ON

2d•CA$61,600 - CA$113,900•Hybrid

About The Position

The successful candidate will work with the Capital Markets Compliance team in administering both the employee trading and outside activities programs for BMO Financial Group. The employee will assist in the ongoing implementation and maintenance of both global compliance programs by working with the businesses supported. This role involves reviewing trades, processing violations, and serving as the reviewer for outside activity requests. The Compliance Officer will build effective professional relationships with those supported, work alongside first line of defense partners, and collaborate with line of businesses and internal partners to ensure regulatory, corporate, and fiduciary obligations are met. Key responsibilities include identifying risks and implementing appropriate actions to mitigate them, distilling large amounts of data for stakeholders, identifying, assessing, and overseeing the satisfactory resolution of issues, and evaluating and escalating high-profile issues to the Director of the group and management when needed. The role also requires representing the team and interacting with internal or external regulator audits and examinations, identifying and analyzing risks and consequences of unaddressed compliance gaps, and recommending appropriate controls. The Compliance Officer must operate effectively within a high-stress environment with constantly changing expectations and regulatory & audit scrutiny, access, monitor, and report on sensitive Bank, customer, transactional, and employee information, and exercise judgment to identify, diagnose, and solve problems within given rules. Additionally, the role involves coordinating and performing monitoring and surveillance activities to ensure programs remain current and aligned with the BMO Enterprise Compliance Program, and working independently on a range of complex tasks, which may include unique situations. Broader work or accountabilities may be assigned as needed.

Requirements

Strong trading knowledge needed with the Canadian Securities Course & Conducts and Practices Handbook or equivalent a must.
1 - 3 years of relevant experience.
Strong knowledge of business operations & procedures and activities involving documented practices.
Proficient in communication, critical thinking, relationship management and project management skills.
Post-secondary degree or an equivalent combination of education and experience.
Strong verbal & written communication skills are needed.
Collaboration & team skills are needed.
Analytical and problem-solving skills are needed.

Responsibilities

Assist in the ongoing implementation and maintenance of both global compliance programs by working with the businesses we support.
Review trades and processing any violations.
Be the reviewer for outside activity requests.
Build effective professional relationships with those we support.
Work alongside our first line of defence partners.
Work with the line of businesses and internal partners that we support to ensure regulatory, corporate and fiduciary obligations are met.
Identify risks and implement appropriate actions to mitigate them.
Be able to distill large amounts of data to key stakeholders for analysis and reporting purposes.
Identify, assess, effectively challenge and oversee the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation.
Evaluate and escalate high profile issues to the Director of the group and management, when needed.
Represent the team and interact with internal or external regulator audits and examinations.
Identify and analyze risk and consequences of unaddressed compliance gaps and recommends appropriate controls.
Operate effectively within a high stress environment with constantly changing expectations and regulatory & audit scrutiny.
Access, monitor and report on sensitive Bank, customer, transactional and employee information to ensure compliance with regulatory requirements.
Exercise judgment to identify, diagnose and solve problems within given rules.
Coordinate and perform monitoring and surveillance activities to ensure programs remains current and aligned with the BMO Enterprise Compliance Program.
Work independently on a range of complex tasks, which may include unique situations.
Broader work or accountabilities may be assigned as needed.