Associate Compliance Officer, Trade Surveillance

Application Deadline :

07 / 26 / 2024

Address : 100 King Street West

100 King Street West

Job Family Group :

Audit, Risk & Compliance

BMO Investments Inc. (BMOII)'s Trade Surveillance team within the Legal, Regulatory, Compliance and Procurement Group (LRCP) has an opening for an Associate Compliance Officer who will be responsible for conducting daily and monthly trade surveillance activities for investment trades consistent with regulatory obligations established by CIRO Rule 200.

This individual will collaborate with a team assessing a high volume of inquiries in a timely and efficient manner ensuring regulatory, corporate, and fiduciary obligations are met.

The Associate Compliance Officer will be responsible for maintaining current knowledge of regulatory requirements and developments, monitor risk, identify, and correct possible gaps and implement appropriate actions to mitigate them.

The Associate Compliance Officer is accountable for supporting the Manager to identify opportunities to enhance the Trade Surveillance team's key processes and implementing changes guided by BMO's Winning Culture.

In addition, the Associate Compliance Officer must contribute to business / group results by providing oversight and making recommendations that significantly impact the Bank's ability to monitor regulatory compliance programs, minimize operational risk and align with regulatory agencies.

The role also supports risk assessment monitoring and trending activities to ensure that the Trade Surveillance pillar of BMOII's Compliance Program remains current and aligned with both the Enterprise-wide Compliance Program and the goals of BMO's Canadian Personal & Business Banking business (P&BB).

Key Responsibilities :

Conduct, monitor and document daily and monthly 2nd Line reviews of BMO Investments Inc. (BMOII) client account activity with a focus on Head Office criteria, as outlined in CIRO Policies and other regulatory / corporate guidelines.

Analyse and report on compliance data; identify trends developing in trading of specific dealing representatives (RISRs) and / or client accounts with an emphasis on suitability, concentration, potential conflicts of interest and unusual transactions, conducting detailed analysis and escalating concerns to the Senior Compliance Manager where necessary.

Issue and follow up on queries from daily and monthly reviews with BMOII RISRs and Branch Compliance Officers.

Ensure that required actions arising from reviews are completed within reasonable timeframes and records are appropriately filed, evidencing findings, developments and actions taken.

Advise first line of defense management and employees on compliance matters; provide guidance and support to RISRs and branch office staff as needed regarding compliance policies and procedures, including effectively communicating requirements.

Develop and maintain a high level of expertise in all regulations, directives and guidance which apply to BMOII Trade Surveillance and refer to Compliance Policies & Procedures manuals for specific requirements.

Advise first line of defense management and employees on compliance matters and provide input on emerging risks, regulatory developments, and interpretation of regulations.

Conduct and / or effectively challenge risk assessments for business / group and assist to identify more effective compliance controls.

Anticipate, identify, and analyse risk and consequences of unaddressed risk factors / compliance gaps and recommends appropriate controls.

Operate effectively within a high stress environment with constantly changing expectations and regulatory & audit scrutiny.

Access, monitor and report on sensitive Bank, customer, transactional and employee information to ensure compliance with regulatory requirements.

Think creatively and propose solutions. Exercise judgment to identify, diagnose, and solve problems within given rules.

Broader work, special projects or accountabilities may be assigned as needed.

Participate in initiatives to advance LRC's broader strategic priorities.

Qualifications :

1+ years of relevant experience in compliance, operational risk management of financial risk. Previous industry experience with a CIRO Dealer Member is an asset, including ability to conduct suitability assessments.

Bachelor's degree required.

Recognized compliance certifications or completion of CSC / IFIC and BCO course, or equivalent, preferred.

Knowledge of regulatory requirements, codes, and standards, in particular CIRO Rule 200.

Ability to multi-task between multiple and ongoing responsibilities and assignments.

Proven ability in exercising independent judgment and applying prudent risk mitigation principles.

Excellent verbal and written communication skills.

Strong critical thinking, relationship management, research, and project management skills

Ability to meet deliverables in tight timeframes.

Proficiency in Microsoft applications such as Excel, Word, PowerPoint, Power BI, etc.

Exhibits flexibility and adaptability.

Work mostly independently.

This is a hybrid role, with a requirement to be in the Toronto office (First Canadian Place) 2-3 days a week (subject to change).

Salary :

$49,000.00 - $90,800.00

Pay Type : Salaried

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.