Managing Director - Chief Compliance Officer, Capital Markets Canada

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Leads the second line Capital Markets Compliance Program in Canada, as well as the Global Control Room and the BMO Volcker Compliance Office (VCO).  The role supports complex and sophisticated businesses, including underwritings, corporate lending, project financing, merchant banking, securitizations, foreign exchange, derivatives, mergers and acquisitions advisory and execution services, treasury and market risk management services, research and institutional sales and development, and trading of a wide and constantly evolving variety of structured and highly complex instruments and products. Manages operating functions within the Bank’s Global Control Room which include the Conflicts Clearance Program and the Grey/Restricted List Program

• Leads the second line Capital Markets Compliance team in performing their responsibilities in relation to regulatory, strategic, and reporting initiatives.

• Acts as a centralized compliance resource to identify synergies across line of business-specific compliance programs and develop best practices.

• Acts as a subject matter expert and thought leader on a targeted initiative impacting one or more Compliance pillars.

• Develops the policy, programs and strategy governing the Global Control Room with a view to seeking consistent execution across all geographic pillars.

• Serves as the principal interface with Capital Markets first line controls leaders aligning the first- and second-line programs

• Oversees the Volcker advisory and reporting functions in partnership with the US Compliance Program

• Acts as a primary liaison between Capital Markets Compliance and Capital Markets operating group, other corporate support areas on matters with cross-Capital Markets Compliance impact, and in particular on ongoing implementation of the Enterprise Compliance Program.

• Lead direct engagement with applicable regulators including securities regulatory authorities, SROs and exchanges and manage regulatory exams, respond to regulatory and supervisory inquiries and represent Capital Markets in discussions with regulators and industry associations.

• In accordance with enterprise-wide corporate standards, frameworks and programs, establishes, monitors and tests the effectiveness of the policies, procedures and internal controls which are designed to assess compliance with applicable regulatory requirements.

• Provides independent effective challenge and oversight with respect to Regulatory Compliance Risk.

• Advises and guides the lines of business in complying with applicable regulatory requirements and internal policies and procedures.

• Alerts leadership to emerging regulatory developments and potential impact through regular reporting to senior management, with risk-based focus.

• Monitors the implementation of corrective actions and escalate as appropriate.

Qualifications:

• Bachelor’s degree required. 

• Advanced degree (e.g. JD/LLB and/or MBA) considered an asset.

• Satisfy applicable regulatory role-based proficiency and experience requirements.

• Strong understanding of the capital markets business, the products and services offered by that business and governing regulatory and industry standards globally. 

• Extensive knowledge of securities laws and brokerage operations with at least 10 years related experience.

• Knowledge of US and UK securities laws and regulations considered an asset.

• Strong communication, critical thinking, relationship management, and project management skills.

Please note the base salary range for this role is CDN $200K - $230K

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

About Us

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.