Sr. Compliance Officer, LRC

Bank of Montreal • New York, NY

18h

About The Position

The Equities Compliance Vice President will assist in effective implementation, maintenance and administration of the Capital Markets Compliance Program. The role provides compliance advisory services, coordinates and performs ongoing risk assessments, and performs monitoring and surveillance activities to ensure that the Compliance Program remains current and aligned with the Firm’s Enterprise-wide Compliance Program. The Equities Compliance Vice President will be expected to have functional knowledge of a host of equity topics, such as, FINRA Rules 2210, 3130, 5310, as well as SEC Rules 605/6, 15c3-5. The role works closely with the relevant other internal business partners to ensure regulatory, corporate and fiduciary obligations are met. This role will have a specific focus on compliance oversight over BMO’s Capital Markets and equity activities. The Capital Markets Compliance, Equities Compliance Vice President will maintain current knowledge of regulatory requirements and developments, monitors risk and identifies and corrects possible gaps and weaknesses. This individual will be responsible for the successful implementation and maintenance of the Firm’s compliance framework. This role provides real-time guidance to Capital Markets management on implications of new regulatory policies or Bank products and assists in the implementation of new or revised policies and programs to address them. The role develops and maintains compliance information for analysis and reporting.

Requirements

• Bachelor’s degree required.
• Minimum of 5 years of experience with a financial services firm in a compliance role or equivalent experience at a regulator.
• Builds relationships with key stakeholders to ensure high levels of satisfaction and lay the foundations for continued growth and partnership.
• Leads project to completion, provides process and technical expertise, advice and consulting throughout plan execution.
• Leads process improvements based on post-mortem analysis.
• Leverages feedback to improve processes collaborating with leadership teams across departments.
• Must be a highly motivated candidate with the ability to work independently.
• The ability to multi-task, plan and prioritize a large volume of detail-oriented work in accordance with changing deadlines.
• Strong knowledge of applicable securities laws, rules and regulations with the ability to assess firm impact.
• Strong communication, critical thinking, relationship management, and project management skills

Nice To Haves

• Series 7, 63, 24 a plus.

Responsibilities

• LOB Compliance Program Execution and Monitoring (60%) Implementation and maintenance of the Firm’s control framework, full compliance with risk control, recordkeeping and reporting, internal supervision and compliance, counterparty protection and other additional requirements as stipulated by the SEC/FINRA.
• In coordination with the CCO, support the CMC equity program including a focus on building and executing the monitoring framework and compliance responsibilities
• Assist with preparations for regulatory exams, inquiries, and audits
• Help mobilize a project structure to accommodate for the necessary governance, people, processes and technology to accomplish the requirements of the SEC rules in a timely and effective fashion
• Assist in the development of the Equity Compliance Program regarding FINRA broker-dealer requirements and corresponding oversight.
• Execute appropriate testing and analyze key performance indicators to ensure requirements of the LOB policies and programs are maintained at a level commensurate with regulatory expectations.
• Support root cause analysis in response to material control failures in line(s) of business.
• Analyze and explore multiple data types in order to identify anomalies and patterns of risk
• Enhance existing surveillance tools and models and contribute to the creation and development of new models and detection tools.
• Anticipate potential consequences of unaddressed risk factors or shortfalls in compliance and recommend appropriate controls.
• Develop strong relationships with the first line of defense.
• Regulatory Advisory: Provide advisory services on compliance matters to LOB management and staff (first line of defense).
• Work proactively with business line contacts and management toward ensuring that effective and efficient compliance risk management solutions are identified and implemented.
• Provide guidance to traders, sales staff, operations and supervisory personnel on new regulations or interpretations. A focus will be placed on regulatory developments stemming from SEC and FINRA.
• Develop and maintain a high level of expertise in all regulations, directives and guidance which apply to the Equity group(s) supported.
• Provide input to LOB Compliance and LOB staff regarding emerging issues and interpretation of regulations.
• Regulatory Governance and Training: Participate in strategic projects and initiatives with other legal and compliance professionals relating to the equity program including assisting with new product committees and regulatory reform.
• Prepares summaries on compliance with assigned regulation(s), regulatory requirements, and/or compliance risks for senior management, and/or Committees/Boards or Executives as required.
• Assist is the management of the existing Capital Markets Compliance Training Program.
• Represent the LOB Compliance team and interact with examiners and auditors during internal, external and regulatory audits and examinations.

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