Senior Compliance Manager

Bank of Montreal•Chicago, IL

21h•Onsite

About The Position

The Senior Compliance Manager will assist in the implementation, maintenance, and administration of the Enterprise Compliance Program (ECP). This individual contributor role supports program execution and ensures the completion of activities in alignment with established ECP framework and methodologies. The role involves supporting program enhancements, coordinating activities across various program areas such as risk assessments, monitoring and testing, quality assurance, issues management, training, Third-Party, and implementation of new/revised programs/processes. It also includes identifying and mitigating risks, developing and maintaining compliance information for analysis and reporting, and achieving compliance goals by staying current with regulatory requirements. The manager will perform quality assurance on compliance activities, consult on new products and systems, identify and resolve issues, and support the execution of Compliance strategic initiatives. Additionally, the role involves leading/participating in process design, overseeing policies, analyzing data, assessing training needs, identifying tool enhancements, and assisting management with implementing changes.

Requirements

Typically 8+ years of relevant experience.
Post-secondary degree in related field of study or an equivalent combination of education and experience.
Serves as a specialist resource to senior leaders and stakeholders with advanced knowledge of regulatory/ compliance requirements and the operations of a single or multiple business/groups.
Strong communication, critical thinking, relationship management and project management skills.
Seasoned professional with a combination of education, experience and industry knowledge.
Verbal & written communication skills - In-depth / Expert.
Analytical and problem solving skills - In-depth / Expert.
Ability to gather, sort, and analyze data including creating reports using Microsoft office and compliance system/GRC tools – In depth / Expert.
Influence skills - In-depth / Expert.
Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
Able to manage ambiguity.
Data driven decision making - In-depth / Expert.

Nice To Haves

May require experience at regulatory body for one or more compliance area(s).

Responsibilities

Supports the implementation of program enhancements and works with internal partners to develop communication model/strategies related to the enhancement activities.
Coordinates, performs and support activities across various areas of the program such as risk assessments, monitoring and testing, quality assurance, issues management, training, Third-Party, and implementation of new/revised programs/processes to ensure program remains current and aligned with ECP framework and regulatory expectations.
Identifies risks associated with program elements or relevant activities that impacts the Bank’s ability to manage regulatory compliance risk and implements appropriate actions to mitigate them.
Develops and maintains compliance information for analysis and reporting.
Achieves compliance goals by maintaining current knowledge of regulatory requirements and developments.
Maintains functional and regulatory expertise specific to business group and refers to Compliance Policies & Procedures manuals for requirements.
Performs quality assurance on compliance activities and data in GRC tools to determine adherence to ECP framework and relevant methodologies.
Consults on new products, services and automated systems to assist with incorporating compliance requirements into these initiatives.
Identifies, assesses, and resolves issues related to CPM business unit, including ensuring adequate management remediation plans and validation.
Performs, coordinates and/or effectively challenges monitoring and testing activities to ensure regulatory compliance controls are operating and aligned to regulatory requirements.
Supports the execution of Compliance strategic initiatives in collaboration with internal and external stakeholders.
Leads/participates in the design, implementation and management of core business/group processes.
Oversees the implementation, maintenance and monitoring/ reporting of all policies, guidelines, procedures and compliance programs, provides advice/rulings as necessary, for one or multiple complex function(s)/activity(ies).
Analyzes data and reports compliance information to Compliance and business/group management.
Ascertains ECPT training needs and helps develop training to support compliance activities.
Identifies enhancements to business group compliance tools and processes and communicates to required stakeholders.
Assists business group management in communicating and implementing changes to applicable compliance activities, policies and procedures, trainings and related systems and tools.
Anticipates/ identifies and analyses risk and consequences of unaddressed risk factors/ compliance gaps, and recommends appropriate controls.
Builds effective professional relationships with business/groups.
Operates effectively within a high stress environment with constantly changing expectations and regulatory & audit scrutiny.
Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
Implements changes in response to shifting trends.
Broader work or accountabilities may be assigned as needed.