Regional Supervision Officer

BMO•Toronto, ON

2d•Onsite

About The Position

Supports sales supervision activities and regulatory activities for designated branches to meet all regulatory requirements. Acts as a back-up to address escalated supervisory issues as required. Makes recommendations to management about risk and regulatory requirements and supervision. Provides advice and guidance on appropriate policies, processes and other key execution activities for supervision. Recommends and implements solutions based on analysis of issues and implications for the business and the client. Assists in the development of strategic plans. Identifies emerging issues and trends to inform decision-making. Helps determine business priorities and best sequence for execution of business/group strategy. Conducts independent analysis and assessment to resolve strategic issues. Breaks down strategic problems, and analyses data and information to provide insights and recommendations. Performs risk assessments and monitoring to ensure there are no breaches in supervision. Documents supervision monitoring and risk assessments and findings for management. Executes administrative reviews and filings according to policies and procedures. Ensures branch organization and delegation templates are in place and up to date. Monitors daily transactions, monthly transactions, and reports in accordance with regulatory guidelines and internal policies. Oversees maintenance of Policies and Procedures Manual as required by internal and external changes. Monitors operational controls to identify any deficiencies and supports the initiation of appropriate corrective actions to ensure controls are adequate. Identifies and analyzes factors which may affect risk mitigation within the market and supervision with applicable regulatory requirements. Identifies operational risks, educates employees to avoid operational risks, and creates action plans to correct operational issues that arise. Provides approvals for new and updated account, trade transactions and trade amendments. Conducts reviews of insiders, social media, and outgoing correspondence. Acts as an escalation point for supervision issues/concerns within the branch. Manages the registration requirements as required by regulators/ legislation. Provides input into the planning and implementation of operational programs. Leads/participates in the design, implementation and management of core business/group processes. Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences. Performs supervision activities to meet regulatory requirements and maintain service level standards. Builds effective relationships with internal/external stakeholders. Ensures alignment between stakeholders. Follows through on risk and supervision processes and policies to ensure we safeguard our customers’ assets, maintain their privacy, act in their best interests, and ensure an effectively run function. Protects the Bank's assets and complies with all regulatory, legal and ethical requirements. Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus. Provides specialized consulting, analytical and technical support. Exercises judgment to identify, diagnose, and solve problems within given rules. Works independently and regularly handles non-routine situations. Broader work or accountabilities may be assigned as needed. Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.

Requirements

Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Knowledge of all supervision and industry regulations – In-depth.
Expert knowledge of supervision practices and CIRO regulations.
CIRO registrant in good standing and meets proficiency requirements to supervise IRs, RRs, Securities, and Options (Retail) (required).
Completion of FINRA Series 7 and 63 exams; Series 24 completed or in progress is preferred.
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

Chartered Investment Manager (CIM) or Chartered Financial Analyst (CFA) designation preferred.
Deep knowledge and technical proficiency gained through extensive education and business experience.

Responsibilities

Supports sales supervision activities and regulatory activities for designated branches to meet all regulatory requirements.
Acts as a back-up to address escalated supervisory issues as required.
Makes recommendations to management about risk and regulatory requirements and supervision.
Provides advice and guidance on appropriate policies, processes and other key execution activities for supervision.
Recommends and implements solutions based on analysis of issues and implications for the business and the client.
Assists in the development of strategic plans.
Identifies emerging issues and trends to inform decision-making.
Helps determine business priorities and best sequence for execution of business/group strategy.
Conducts independent analysis and assessment to resolve strategic issues.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Performs risk assessments and monitoring to ensure there are no breaches in supervision.
Documents supervision monitoring and risk assessments and findings for management.
Executes administrative reviews and filings according to policies and procedures.
Ensures branch organization and delegation templates are in place and up to date.
Monitors daily transactions, monthly transactions, and reports in accordance with regulatory guidelines and internal policies.
Oversees maintenance of Policies and Procedures Manual as required by internal and external changes.
Monitors operational controls to identify any deficiencies and supports the initiation of appropriate corrective actions to ensure controls are adequate.
Identifies and analyzes factors which may affect risk mitigation within the market and supervision with applicable regulatory requirements.
Identifies operational risks, educates employees to avoid operational risks, and creates action plans to correct operational issues that arise.
Provides approvals for new and updated account, trade transactions and trade amendments.
Conducts reviews of insiders, social media, and outgoing correspondence.
Acts as an escalation point for supervision issues/concerns within the branch.
Manages the registration requirements as required by regulators/ legislation.
Provides input into the planning and implementation of operational programs.
Leads/participates in the design, implementation and management of core business/group processes.
Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences.
Performs supervision activities to meet regulatory requirements and maintain service level standards.
Builds effective relationships with internal/external stakeholders.
Ensures alignment between stakeholders.
Follows through on risk and supervision processes and policies to ensure we safeguard our customers’ assets, maintain their privacy, act in their best interests, and ensure an effectively run function.
Protects the Bank's assets and complies with all regulatory, legal and ethical requirements.
Provides specialized consulting, analytical and technical support.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently and regularly handles non-routine situations.
Broader work or accountabilities may be assigned as needed.
Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.