Compliance Officer, Trade Surveillance Compliance Officer, Trade Surveillance …

Bank of Montreal
in Toronto, ON, Canada
Permanent, Full time
Be the first to apply
Bank of Montreal
in Toronto, ON, Canada
Permanent, Full time
Be the first to apply
Compliance Officer, Trade Surveillance

Reporting to the Director of Trade Surveillance, the Compliance Officer assists in the effective oversight, implementation, maintenance and administration of the compliance and risk monitoring program for Trading Products (Canada). This position coordinates and performs risk assessment, monitoring and surveillance activities to ensure that the Compliance Program remains current and is aligned with the Enterprise-wide Compliance Program and Risk Appetite. The Compliance Officer works closely with the Capital Markets Line of Business ("LOB") and other internal business partners to ensure regulatory, corporate and fiduciary obligations are met. To effectively achieve compliance goals, the Compliance Officer maintains current knowledge of regulatory requirements and developments, monitors risk, and identifies and corrects possible gaps and weaknesses. This position advises LOB 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 Compliance Officer develops and maintains compliance information for analysis and reporting.

Key Accountabilities

LOB Compliance Program Execution and Monitoring (70%)
  • Perform periodic compliance reviews in accordance with applicable securities and banking rules and regulations, other regulatory requirements as may be identified, and BMO Capital Markets policies and procedures. Make recommendations and monitor for appropriate remedial action where required.
  • Assist in performing ongoing risk assessments to ensure compliance policies and risk controls are operating appropriately. Identify and analyze factors which may affect risk mitigation and compliance with applicable regulatory requirements.
  • Elevate high profile or high risk cases to the Compliance and LOB management to ensure visibility and prompt resolution.
  • Perform ongoing validation of monitoring strategies to ensure appropriate governance and control. Identify observations of trends and recommendations to optimize data.
  • 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
  • Prepare complete, accurate documentation of compliance monitoring and surveillance activities. Report findings to Compliance and LOB management and provide timely follow-up on outstanding issues.
  • Validate that issues identified through compliance monitoring and review processes are promptly addressed. Ensure that management remediation plans are adequate.
  • Engage in project related work necessary for regulatory reviews, remediation, or inquiries.
  • Provide guidance to less experienced Compliance team members in developing and implementing solutions.

Regulatory Governance (20%)
  • Develop and maintain a high level of expertise in all regulations, directives and guidance which apply to the LOB Compliance group(s) supported.
  • Provide input to LOB Compliance and LOB staff regarding emerging issues and interpretation of regulations.
  • Assist in the analysis of BMO Capital Markets business initiatives to identify and highlight potential financial services industry regulatory, reputation and financial risks that should be considered and addressed.
  • Respond to inquiries from regulators and BMO Capital Markets lines of business and employees regarding BMO Capital Markets policies and procedures and financial services industry regulatory obligations.
  • Identify training needs based on gaps identified through the compliance monitoring process.
  • Assist LOB management and staff in communicating and implementing changes to applicable regulatory policies and procedures.
  • Represent the LOB Compliance team and interact with examiners and auditors during internal, external and regulatory audits and examinations.

Regulatory Consultation (10%)
  • Act as a compliance relationship manager and 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.
  • Handle requests from management and trading staff for situation specific advice. This may involve requesting interpretations from the regulators and/or arranging information sessions with the regulators.
  • Consult on new products, services and automated systems to assist the LOB(s) with incorporating compliance requirements into these initiatives.


Knowledge & Skills

  • Bachelor's degree required. Advanced degrees or designations, or recognized compliance certification or equivalent a plus.
  • Two to four years of trading or trade monitoring/supervision or compliance surveillance of trading.
  • Understanding of regulatory environment and Compliance surveillance methodology.
  • Knowledge of financial services industry and regulations related to securities and other financial instruments trading activities.
  • Familiarity with trading systems such as Belzberg, Bloomberg, Flex Trader etc., is an asset.
  • Exceptional communication skills, both oral and written.
  • Critical thinking.
  • Ability to work in a collaborative environment.

We're here to help

At BMO we have a shared purpose; we put the customer at the centre of everything we do - helping people is in our DNA. For 200 years we have thought about the future-the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we're changing the way people think about a bank.

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 .

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.