Vice President, Capital Markets Conduct Risk Management

BMO (Bank of Montreal)•New York, NY

66d•$81,400 - $151,800

About The Position

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets MANDATE The VP, Capital Markets Conduct Risk Management, is a member of the Regulatory Portfolio team within Capital Markets Supervision & Governance (CMSG). This role is specifically responsible for overseeing Capital Markets conduct risk framework and related activities. The VP is also accountable for helping to promote an inherent culture of risk management across Capital Markets. CMSG is responsible for directing, leading, and operating the First Line of Defense's Operating Group Compliance Program (OGCP). The OGCP is the system of policies, processes and controls established by the First Line of Defense to achieve and sustain risk-based compliance with applicable laws and regulatory requirements, and to ensure that the First Line of Defense responsibilities outlined in the Legal Regulatory Compliance Risk Management (LRCRM) Policy, the Enterprise Compliance Program, and the Global Compliance Manual (GCM) and supporting operating guidelines are met.

Requirements

5+ years of strategy, compliance, regulatory, conduct risk or business risk management experience.
Strong product knowledge and understanding of capital markets activities, risk taxonomies and applicable regulations surrounding them.
Knowledge of the Broker Dealer and Banking Regulations, which include but not limited to SEC, FINRA, OCC, FRB, NFA and CFTC.
Demonstrated analytical, auditing, writing, communications, and presentation skills.
Strong collaborative skills
Excellent Excel spreadsheet manipulation and data analytic skills; familiarity with PowerBI, Python and other programming scripts skills a plus
Strong relationship management skills: ability to establish and manage multiple stakeholder relationships with the business, within the three lines of defense and with corporate support functions.
Proven project management capabilities and an ability to co-ordinate the efforts of people and resources not under their direct control
Ability to read technical compliance material and distil the applicability of the regulations to respective business unit(s)
Ability to deal with sensitive issues with tact and discretion.
Excellent judgment and interpersonal skills, who can consult, influence, collaborate, and appropriately escalate issues.
Strong analytical skills - analyze the evidence collected on remediated controls and determine if there is substantive conformance with requirements.
Ability to communicate questions and requests in a professional and clear manner.
Operate effectively within a demanding environment with constant regulatory and audit scrutiny.
Ability to work independently, multitask efficiently and effectively, and meet tight deadlines.

Nice To Haves

Advanced educational degree is desirable - MBA, CPA, or JD.

Responsibilities

Develop and Implement Conduct Risk Frameworks: Design and implement conduct risk frameworks and policies to ensure compliance with regulatory standards and internal policies.
Risk Assessment and Monitoring: Conduct regular risk assessments and monitoring activities to identify, assess, and mitigate conduct risks within the capital markets division.
Regulatory Compliance: Ensure that the organization is in compliance with all relevant regulatory requirements related to conduct risk. Stay updated on changes in regulations and ensure timely implementation of necessary changes.
Stakeholder Collaboration: Work closely with senior management, legal, compliance, and other relevant stakeholders to promote a culture of integrity and accountability.
Training and Awareness: Develop and deliver training programs to enhance awareness and understanding of conduct risk among employees.
Incident Management: Lead investigations into conduct-related incidents, ensuring that root causes are identified, and appropriate corrective actions are taken.
Reporting and Communication: Prepare and present reports on conduct risk issues to senior management and the board of directors, providing insights and recommendations for improvement.
Benchmarking and Best Practices: Stay informed about industry best practices and trends in conduct risk management and incorporate them into the organization's risk management strategies.
Leadership and Team Management: Lead and manage a team of conduct risk professionals, providing guidance, support, and development opportunities.
Continuous Improvement: Drive continuous improvement initiatives to enhance the effectiveness and efficiency of conduct risk management processes.