Senior Compliance Officer

BMO • Chicago, IL

5d

About The Position

The Senior Compliance Officer is a Compliance Regulatory Change Management position within the Compliance Program Management team that is responsible for partnering with Legal, 2LOD and 1LOD teams. This position is responsible for identifying and monitoring regulatory changes applicable to BMO. Monitor, analyze and communicate regulatory developments promulgated by US and Canadian financial regulators. Communicate applicable regulatory developments to Legal and 2LOD for analysis and 1LOD for implementation. Conduct the day-to-day workflow of the RCM process working with stakeholders. Serve as the primary contact for stakeholders on the RCM process and GRC tool including questions, deliverables, and system access. Tracking and reporting of assigned items to impacted businesses, management teams and various committees. Partner with Legal colleagues to determine the applicability for inclusion of regulations in the RCM coverage universe. Manage and maintain the integrity of the regulatory inventory. Support the development and testing of automation and continued enhancement of the RCM process in the GRC tool. Review and update applicable RCM procedures and standard documents. Create and deliver RCM specific training to stakeholders. Escalate issues and risks to management where appropriate. Exercises judgment to identify, diagnose, and solve problems within given rules. Work independently and regularly handles non-routine situations. Operate as a self-directed contributor, independently managing multiple workstreams and seeing assigned projects through completion. Broader work or accountabilities may be assigned as needed.

Requirements

• Typically minimum of 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Experience in Regulatory Change Management strongly preferred.
• Strong communication, critical thinking, relationship management and project management skills.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• 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

• J.D. or recognized compliance certificate is a plus.

Responsibilities

• Identifying and monitoring regulatory changes applicable to BMO.
• Monitoring, analyzing and communicating regulatory developments promulgated by US and Canadian financial regulators.
• Communicating applicable regulatory developments to Legal and 2LOD for analysis and 1LOD for implementation.
• Conducting the day-to-day workflow of the RCM process working with stakeholders.
• Serving as the primary contact for stakeholders on the RCM process and GRC tool including questions, deliverables, and system access.
• Tracking and reporting of assigned items to impacted businesses, management teams and various committees.
• Partnering with Legal colleagues to determine the applicability for inclusion of regulations in the RCM coverage universe.
• Managing and maintaining the integrity of the regulatory inventory.
• Supporting the development and testing of automation and continued enhancement of the RCM process in the GRC tool.
• Reviewing and updating applicable RCM procedures and standard documents.
• Creating and delivering RCM specific training to stakeholders.
• Escalating issues and risks to management where appropriate.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Operating as a self-directed contributor, independently managing multiple workstreams and seeing assigned projects through completion.

Benefits

• BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.
• To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees