Senior Compliance Manager, Advisory (Mutual Fund Dealer)

BMO•Toronto, ON

11d•Hybrid

About The Position

This is a leadership role within BMO’s Compliance team, supporting BMO Investments Inc., our mutual fund dealer. You’ll lead a team that provides practical, forward‑looking compliance advice, while also helping ensure our compliance program is strong, effective, and aligned with regulatory expectations. In this role, you’ll oversee key second‑line compliance activities across the dealer, including risk assessments, effective challenge, monitoring, and testing. Your team will both perform and challenge compliance work to ensure we meet requirements set by securities regulators, self‑regulatory organizations, and BMO’s Enterprise Compliance Program. Your guidance and recommendations will directly impact how the business manages risk and responds to regulatory expectations. You’ll play a central role in regulatory exams, regulatory change initiatives, and issue management, while providing thoughtful, independent challenge to the business. You’ll also prepare clear, meaningful reporting for senior leadership and help promote a strong culture of integrity, compliance, and risk awareness across the organization. We’re looking for someone with deep experience in mutual fund dealer regulation and business conduct requirements (investment dealer experience is a strong asset), solid familiarity with OSFI expectations, and a track record of delivering smart, practical compliance solutions that support business goals without compromising regulatory standards. This role is an opportunity to make a real impact—helping shape effective supervision, proactively identifying and managing conduct and regulatory risks, and enhancing how compliance provides advice to the business every day. This role follows a HYBRID work model, with the number of required in‑office days varying based on business and organizational needs. Currently 3 days in office is required.

Requirements

5+ years of relevant experience in a dealer compliance role, ideally within a mutual fund dealer, investment dealer, or regulatory environment, supported by a post‑secondary degree or an equivalent combination of education and experience.
Strong working knowledge of CIRO and AMF rules related to business conduct compliance.
Demonstrated ability to apply sound regulatory judgment in complex situations, balancing regulatory obligations with practical business outcomes within a risk‑based framework.
Experience leading or contributing to issues management, regulatory change initiatives, and ongoing compliance program management, ensuring risks are identified early and addressed effectively.
Exceptional analytical, writing, and communication skills, with the ability to synthesize complex information and present clear, concise insights to senior and executive audiences.
Strong problem‑solving skills with a proactive approach to risk identification, escalation, and resolution.
Comfortable leveraging digital tools and technologies to enhance oversight, improve efficiency, and strengthen compliance outcomes.

Nice To Haves

Investment dealer experience is a strong asset.
Demonstrated leadership capability or readiness to lead, with experience coaching, mentoring, or influencing others considered a strong asset.
Completion of recognized compliance or risk credentials is preferred (e.g., CCO, PDO, CAMS, or equivalent).

Responsibilities

Champion a strong compliance and risk culture aligned with BMO’s purpose, values, and strategy, consistently modelling BMO’s values and behaviours.
Lead, mentor, and develop a high‑performing compliance advisory team, fostering sound judgement, accountability, continuous improvement, and a digital‑first mindset.
Attract, retain, and develop top compliance talent, building a strong leadership bench and ensuring sustainable team capability.
Act as a trusted senior advisor to business and executive leaders, providing timely, practical guidance on regulatory obligations, emerging risks, and industry best practices.
Influence and effectively challenge proposed solutions aligned with regulatory risk appetite and regulatory requirements ensuring regulatory adherence and integrity.
Provide strategic insight and regulatory recommendations to senior leadership, informed by a deep understanding of regulatory requirements and the industry landscape.
Deliver strong second‑line leadership and oversight of supervisory controls, risk assessments, monitoring, and key business processes to ensure alignment with regulatory requirements and BMO enterprise standards.
Provide independent and effective challenge to first‑line teams, ensuring compliance considerations are embedded in product and compensation design, strategic initiatives, and operational decision‑making.
Lead and oversee second line issues and regulatory change management, and ongoing compliance program management.
Identify, assess, and escalate material compliance risks and issues; oversee effective remediation and validation activities to ensure timely and sustainable resolution.
Oversees advertising and marketing reviews, and second-line conflict of interest assessments.
Lead regulatory engagement as the primary point of contact for examinations, including internal readiness, issue management, remediation oversight, and clear reporting to senior management and governance committees.
Oversee the development and maintenance of clear compliance policies, procedures, conflict‑of‑interest oversight, and quality assurance frameworks.
Deliver concise, insightful executive‑level reporting on the health of the BMO Investments Inc. compliance program to senior management and the Board of Directors.
Maintain deep regulatory expertise and operate effectively in a dynamic environment shaped by evolving expectations, regulatory change, and audit scrutiny, taking on broader accountabilities as required.
Performs additional responsibilities or broader accountabilities as required.