Managing Director - Chief Compliance Officer, Capital Markets Canada

BMO•Toronto, ON

39d

About The Position

Leads the second line Capital Markets Compliance Program in Canada, as well as the Global Control Room and the BMO Volcker Compliance Office (VCO). The role supports complex and sophisticated businesses, including underwritings, corporate lending, project financing, merchant banking, securitizations, foreign exchange, derivatives, mergers and acquisitions advisory and execution services, treasury and market risk management services, research and institutional sales and development, and trading of a wide and constantly evolving variety of structured and highly complex instruments and products. Manages operating functions within the Bank’s Global Control Room which include the Conflicts Clearance Program and the Grey/Restricted List Program Leads the second line Capital Markets Compliance team in performing their responsibilities in relation to regulatory, strategic, and reporting initiatives. Acts as a centralized compliance resource to identify synergies across line of business-specific compliance programs and develop best practices. Acts as a subject matter expert and thought leader on a targeted initiative impacting one or more Compliance pillars. Develops the policy, programs and strategy governing the Global Control Room with a view to seeking consistent execution across all geographic pillars. Serves as the principal interface with Capital Markets first line controls leaders aligning the first- and second-line programs Oversees the Volcker advisory and reporting functions in partnership with the US Compliance Program Acts as a primary liaison between Capital Markets Compliance and Capital Markets operating group, other corporate support areas on matters with cross-Capital Markets Compliance impact, and in particular on ongoing implementation of the Enterprise Compliance Program. Lead direct engagement with applicable regulators including securities regulatory authorities, SROs and exchanges and manage regulatory exams, respond to regulatory and supervisory inquiries and represent Capital Markets in discussions with regulators and industry associations. In accordance with enterprise-wide corporate standards, frameworks and programs, establishes, monitors and tests the effectiveness of the policies, procedures and internal controls which are designed to assess compliance with applicable regulatory requirements. Provides independent effective challenge and oversight with respect to Regulatory Compliance Risk. Advises and guides the lines of business in complying with applicable regulatory requirements and internal policies and procedures. Alerts leadership to emerging regulatory developments and potential impact through regular reporting to senior management, with risk-based focus. Monitors the implementation of corrective actions and escalate as appropriate.

Requirements

Bachelor’s degree required.
Satisfy applicable regulatory role-based proficiency and experience requirements.
Strong understanding of the capital markets business, the products and services offered by that business and governing regulatory and industry standards globally.
Extensive knowledge of securities laws and brokerage operations with at least 10 years related experience.
Strong communication, critical thinking, relationship management, and project management skills.

Nice To Haves

Advanced degree (e.g. JD/LLB and/or MBA) considered an asset.
Knowledge of US and UK securities laws and regulations considered an asset.

Responsibilities

Leads the second line Capital Markets Compliance Program in Canada, as well as the Global Control Room and the BMO Volcker Compliance Office (VCO).
Manages operating functions within the Bank’s Global Control Room which include the Conflicts Clearance Program and the Grey/Restricted List Program
Leads the second line Capital Markets Compliance team in performing their responsibilities in relation to regulatory, strategic, and reporting initiatives.
Acts as a centralized compliance resource to identify synergies across line of business-specific compliance programs and develop best practices.
Acts as a subject matter expert and thought leader on a targeted initiative impacting one or more Compliance pillars.
Develops the policy, programs and strategy governing the Global Control Room with a view to seeking consistent execution across all geographic pillars.
Serves as the principal interface with Capital Markets first line controls leaders aligning the first- and second-line programs
Oversees the Volcker advisory and reporting functions in partnership with the US Compliance Program
Acts as a primary liaison between Capital Markets Compliance and Capital Markets operating group, other corporate support areas on matters with cross-Capital Markets Compliance impact, and in particular on ongoing implementation of the Enterprise Compliance Program.
Lead direct engagement with applicable regulators including securities regulatory authorities, SROs and exchanges and manage regulatory exams, respond to regulatory and supervisory inquiries and represent Capital Markets in discussions with regulators and industry associations.
In accordance with enterprise-wide corporate standards, frameworks and programs, establishes, monitors and tests the effectiveness of the policies, procedures and internal controls which are designed to assess compliance with applicable regulatory requirements.
Provides independent effective challenge and oversight with respect to Regulatory Compliance Risk.
Advises and guides the lines of business in complying with applicable regulatory requirements and internal policies and procedures.
Alerts leadership to emerging regulatory developments and potential impact through regular reporting to senior management, with risk-based focus.
Monitors the implementation of corrective actions and escalate as appropriate.