Compliance Officer – Regulatory Inquiries

Application Deadline:

10/16/2024

Address:
100 King Street West

Job Family Group:

Audit, Risk & Compliance

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This position is located in Toronto and offers a hybrid work model with 3 days in the office.

The Compliance Officer – Regulatory Inquiries is an integral member of the Capital Markets Compliance team. Reporting to the Director – Regulatory Inquiries and Compliance Strategy, the Associate is responsible for timely, accurate and complete responses to securities regulatory inquires. In this critical function attention to detail and the ability to build effective professional relationships with business groups, internal/external stakeholders and trust with regulators are critical to success.

Successfully navigating internal systems and data bases to derive data that meets regulatory expectations is central to performance of the role. Knowledge of broker dealer systems including trading application, as well as both front office and back office book of records systems is a valuable attribute. A key component of the role involves identifying appropriate data sources and systems so developing the ability to successfully communicate with stakeholders to identify relevant data and to be able interpret it appropriately is important.

BMO Capital Markets Compliance and the regulatory inquiries team operates in a dynamic environment. Flexibility and the ability to perform in a demanding, time sensitive environment is essential.

Key Accountabilities

Regulatory Inquiries and Investigations (90%)

• Intake, analysis and execution of requests from regulators
• Identification of key stakeholders and relevant business partners required for fulfillment of regulatory requests
• Collaborates with key stakeholders to identify data sources and to collect relevant data
• Identifies appropriate technologies and gains understanding of their use
• Collaborates with compliance, legal and business partners to analyze data to be able to provide complete accurate and timely responses
• Maintain Regulatory Inquiry Inventory, ensuring that all inquiries received are tracked for completion and provide key details regarding inquiries.
• Evaluates risk and provides appropriate reporting and escalation as required

Other ancillary duties (10%)

The incumbent may be requested to assist in other departmental and administrative functions including:

• Data entry
• Distributes regulatory circulars, notices and communications to impacted Compliance groups.
• Assist with reviewing and tracking new product initiatives.
• Preparation of Management reports and Regulatory filings
• Provide support for emerging regulatory requirements or other situational events as they occur

Qualifications:

Must-have:

• Exceptional organizational skills with a proven ability to prioritize tasks and manage tight deadlines.
• Typically between 3 – 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Ability to maintain a high level of attention and work under pressure while handling multiple requests.
• Comfort using technology applications in a financial setting.
• Knowledge of Microsoft Office suite including Excel, and PowerPoint.
• Clear and concise communication.
• Discretion and integrity.
• Inquisitive mindset.
• Knowledge of Excel Functions, VBA, SQL, and Python.
• Proficiency with PowerBI and other data visualization tools.
• Knowledge of Canadian regulatory environment and securities regulations as it relates to Capital Markets.
• Knowledge of sales, trading or back-office processes and systems in broker dealer environment would be an asset, including front-office and back-office applications (Broadridge ADP, Fidessa, etc.).
• Knowledge of equities, fixed Income and listed derivative products and trading would be an asset.

Once in role, the incumbent will be expected to develop an understanding of business products and process in order to enhance their contribution to the regulatory inquiries process and to the Compliance mandate in general.

Salary :

$60,000.00 – $111,700.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. 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

We’re here to help

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en .

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.