Compliance Officer

BMO•Chicago, IL

3d•Hybrid

About The Position

This is a Compliance Regulatory Change position within the Compliance Program Management team that is responsible for partnering with Legal, 2LOD and 1LOD teams. This position is responsible for identifying and monitoring regulatory changes applicable to BMO. Monitor, analyze and communicate regulatory developments promulgated by US and Canadian financial regulators. Communicate applicable regulatory developments to Legal and 2LOD for analysis and 1LOD for implementation. Conduct the day-to-day workflow of the RCM process working with stakeholders. Serve as the primary contact for stakeholders on the RCM process and GRC tool including questions, deliverables, and system access. Tracking and reporting of assigned items to impacted businesses, management teams and various committees. Partner with Legal colleagues to determine the applicability for inclusion of regulations in the RCM coverage universe. Manage and maintain the integrity of the regulatory inventory. Support the development and testing of automation and continued enhancement of the RCM process in the GRC tool. Review and update applicable RCM procedures and standard documents. Create and deliver RCM specific training to stakeholders. Escalate issues and risks to management where appropriate. Exercises judgment to identify, diagnose, and solve problems within given rules. Work independently and regularly handles non-routine situations. Complete various ad hoc project requests as needed/required. Broader work or accountabilities may be assigned as needed Broader work or accountabilities may be assigned as needed.

Requirements

Typically between 3 - 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Proficient level of knowledge of a compliance field.
Strong knowledge of business operations & procedures, and activities involving documented practices.
Proficient in communication, critical thinking, relationship management and project management skills.
Technical proficiency gained through education and/or business experience.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.

Nice To Haves

Recognized compliance certificate or equivalent preferred.

Responsibilities

Identifying and monitoring regulatory changes applicable to BMO.
Monitoring, analyzing and communicating regulatory developments promulgated by US and Canadian financial regulators.
Communicating applicable regulatory developments to Legal and 2LOD for analysis and 1LOD for implementation.
Conducting the day-to-day workflow of the RCM process working with stakeholders.
Serving as the primary contact for stakeholders on the RCM process and GRC tool including questions, deliverables, and system access.
Tracking and reporting of assigned items to impacted businesses, management teams and various committees.
Partnering with Legal colleagues to determine the applicability for inclusion of regulations in the RCM coverage universe.
Managing and maintaining the integrity of the regulatory inventory.
Supporting the development and testing of automation and continued enhancement of the RCM process in the GRC tool.
Reviewing and updating applicable RCM procedures and standard documents.
Creating and delivering RCM specific training to stakeholders.
Escalating issues and risks to management where appropriate.
Completing various ad hoc project requests as needed/required.