BMO Capital Markets Compliance is seeking a candidate for a Compliance Officer role in its Control Room. This vacancy represents an exciting opportunity for an industry participant wishing to enter the field of Compliance or for Control Room professionals wishing to expand the scope of their knowledge and experience in the North American securities regulatory environment.
The Compliance Officer, Control Room, is a fundamental contributor to the successful management of the Firm’s Insider and Proprietary information. This role is available in our Toronto office. The incumbent will become part of a global team responsible for supporting both Canadian and US Investment Banking and Research teams. The successful candidate will be responsible for monitoring and enforcing information barriers and will assist with development of policies, procedures, reporting, and surveillance to ensure the effective practices to contain sensitive or material non-public information.
The successful candidate will demonstrate highly developed critical thinking and the ability to apply subjective judgement under circumstances of imperfect information. Frequent contact with Business professionals is a fundamental aspect of the role so, professionalism and the ability to develop meaningful relationships with business partners and other stakeholders will be critical to success. The control room operates in high pressure time sensitive environment. Demonstration of tact, discretion and composure are critical.
Practical experience in some aspect of investment banking, research, or trading would be an asset. Similarly, a good understanding of regulatory environment and regulatory expectations as it applies to investment or corporate banking would be useful. The successful candidate will be expected to acquire an understanding of these areas upon acceptance of the role.
The Control Room provides support to the business outside of normal business hours including certain statutory holidays. The candidate may be required to cover evening shifts so candidates must be willing to work non-standard hours. Actual working hours are negotiable outside of core coverage periods.
Key Accountabilities
Compliance Program Execution and Monitoring (75%)
Daily duties include wide range of Control Room compliance activities;
Coordinating coverage over multiple jurisdictions with respect to grey/restricted list and research.
Review of research prior to publication including compliance with research restrictions in accordance with the Firm’s policies and procedures and verification of compliance with Wall Crossing procedures.
Maintenance of grey and restricted lists.
Liaising with other Global Compliance teams to monitor research communication activities pursuant to certain legal, regulatory and/or policy considerations.
Monitoring firm concentration in specific securities.
Execution of Monitoring and Testing for both Investment Banking and Research businesses including review of employee communications and trading activity to ensure they align with Firm policies.
Regulatory Governance (15%)
Develop a high level of expertise in all regulations, directives and guidance which apply to the LOB Compliance group(s) supported. identify training needs based on gaps identified through the compliance monitoring process.
Identify possible enhancements to Line of Business Compliance tools and processes and communicate them to the Compliance management.
Assist with management of regulatory and controls inventories and management of issues.
Regulatory Consultation (10%)
Provide advisory services on compliance matters to LOB management and staff (first line of defense) in support of BMO’s Investment Banking and Research businesses.
Execute appropriate testing and analyze key performance indicators to ensure requirements of Capital Markets policies and programs are maintained at a level commensurate with regulatory expectations. Identify observations of trends and recommendations to optimize data. Support root cause analysis in response to material control failures in lines of business.
Knowledge & Skills
Bachelor’s degree.
Minimum of 1-2 years of with Control Room, trading or related experience.
Background in trading surveillance and/or email surveillance is an asset.
Strong knowledge of securities rules and regulations with respect to Research; (specifically FINRA Rule 2241, 2242, IIROC rule 3400, and OSC 33-601)
Strong communication, critical thinking, relationship management, and project management skills
Prior CIRO registration or FINRA Series 7, 79, 86/87 or 24 certifications are an asset.
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.
We are committed to hiring military and Veteran spouses and encourage you to identify your connection with the MSEN when reaching out to us or applying to any of our open roles.
Have questions or want to learn more about us? We would love to hear from you!
Whenever possible, reach out to a named contact rather than a general inbox - it helps ensure a quicker, more personalized response. If you hit a bounce-back, let us know at
We’re proud to be the official bank of the Canadian Defence Community – and that goes beyond supporting your financial well-being. We value the skills you’ve earned in the military, and we’re here to help as you move into the next stage of your professional life.
BMO is a top ten North American bank that provides personal and commercial banking, global markets and investment banking services to 13 million customers and clients. Founded in 1817, we’re driven by our Purpose: Boldly Grow the Good in business and life. BMO has established itself as a destination for top talent, with an employee experience that’s built on personalized career development opportunities, a performance-driven winning culture, competitive rewards and benefits, and a deepcommitment to the health and well-being of our people.
If you’re ambitious, curious, creative, and eager to make an impact, you should consider BMO as a place to build your career.
#ProudtoWork@BMO