Senior Compliance Officer (control room)

BMO • Chicago, IL

14d • $75,000 - $160,000

About The Position

The Compliance Officer Control Room is a key contributor to the management of the firm’s insider and proprietary information. As part of a global team supporting the US Investment Banking and Research teams, the successful candidate monitors and enforces information barriers between the public and private sides of the business and helps develop policies and procedures to contain sensitive or material non-public information.

The role calls for critical thinking and sound judgment under imperfect information, along with professionalism and the ability to build relationships with business partners and stakeholders. The Control Room operates in a high-pressure, time-sensitive environment and supports the business outside normal business hours, including certain statutory holidays. Flexibility to work non-standard hours may be required. Practical investment banking experience and familiarity with the regulatory environment for investment or corporate banking are useful; the successful candidate is expected to develop an understanding of these areas after joining.

Responsibilities are divided among Compliance Program Execution and Monitoring (75%), Regulatory Consultation (10%), and Regulatory Governance (15%). The position provides compliance monitoring, advisory, risk assessment, regulatory governance, and business support across Investment Banking and Research.

Requirements

• Bachelor’s degree required.
• Typically at least 6 years of relevant experience and a post-secondary degree in a related field of study, including 1–2 years of Control Room experience.
• Detailed knowledge of consumer protection regulations and related marketing and advertising guidelines.
• Skilled knowledge of regulatory and compliance requirements and the operations of a single client group.
• Strong communication, critical-thinking, relationship-management, and project-management skills.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• In-depth verbal and written communication skills.
• In-depth collaboration and teamwork skills.
• In-depth analytical and problem-solving skills.
• In-depth influence skills.
• In-depth data-driven decision-making skills.

Nice To Haves

• Recognized compliance certification or equivalent.
• Practical experience in some aspect of investment banking.
• Understanding of the regulatory environment and expectations applicable to investment or corporate banking.

Responsibilities

• Coordinate coverage across multiple jurisdictions for grey and restricted lists and research.
• Review research before publication for compliance with firm policies and research restrictions, including verification of Wall Crossing procedures.
• Maintain grey and restricted lists.
• Liaise with Global Compliance teams to monitor research communications under applicable legal, regulatory, and policy requirements.
• Execute monitoring and testing for the Investment Banking and Research businesses.
• Coordinate and perform ongoing risk assessments and compliance reviews; analyze risk factors and assess whether controls are operating appropriately.
• Anticipate the consequences of unaddressed risks or compliance shortfalls, recommend controls, and challenge business staff to improve compliance policies and procedures.
• Escalate high-profile or high-risk cases to Compliance and line-of-business management.
• Validate monitoring strategies, identify trends, and recommend ways to optimize data.
• Document compliance monitoring and surveillance activities, report findings, and follow up on outstanding issues.
• Validate that issues identified through monitoring and reviews are promptly addressed and that management remediation plans are adequate.
• Guide less experienced Compliance team members in developing and implementing solutions.
• Advise line-of-business management and staff on compliance matters in support of the Research business.
• Test and analyze key performance indicators, identify trends, recommend data improvements, and support root-cause analysis of material control failures.
• Review forms, disclosures, and advertisements for compliance with applicable requirements.
• Consult on new products, services, and automated systems to incorporate compliance requirements.
• Maintain expertise in regulations, directives, and guidance applicable to supported compliance groups.
• Advise Compliance and business staff on emerging issues and regulatory interpretation.
• Identify training needs based on gaps found through compliance monitoring.
• Identify and communicate potential enhancements to compliance tools and processes.
• Assist line-of-business management and staff in communicating and implementing regulatory policy and procedure changes.
• Represent the Compliance team and interact with examiners and auditors during internal, external, and regulatory audits and examinations.
• Provide a regulatory perspective on the appropriateness of line-of-business sales and marketing materials.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included, depending on the compensation package.
• Other perks and rewards may be included.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior