Assists in the implementation, maintenance, and administration of the Canadian Personal and Business Banking program. Coordinates and performs risk assessment, monitoring, testing, and surveillance activities to ensure the program remains current and aligned with the BMO Compliance Program. Works with business/group and internal partners to ensure regulatory, corporate, and fiduciary obligations are met. Advises business/group on the implications of new regulatory developments or internal products and assists with implementation of new or revised policies and programs. Identifies risks and implements actions to mitigate them. Develops and maintains compliance information for analysis and reporting. Maintains current knowledge of regulatory requirements and developments and functional and regulatory expertise specific to the business group. Contributes to business/group results by providing oversight and making recommendations that impact the Bank’s ability to monitor regulatory compliance programs, minimize operational risk, and align with regulatory agencies.
Key Responsibilities:
Provides advice and guidance to assigned business/group on implementation of solutions aligned to regulatory risk appetite based on an understanding of business operations and stakeholder needs.
Consults on new products, services, and automated systems to assist with incorporating compliance requirements.
Influences to achieve effective regulatory compliance controls that enable business objectives.
Identifies and advises on emerging issues, trends, risks, regulatory developments, and interpretation of regulations.
Helps determine business priorities and sequencing for execution of business/group strategy.
Builds effective professional relationships with business groups, internal and external stakeholders, and regulators.
Analyzes and reports on compliance data and related information to gain insights on regulatory risk and to Compliance and business/group management.
Oversees the development and maintenance of guidelines and procedures for a single function within a geographic area, providing advice and rulings as necessary.
Participates in the design, implementation, and management of core business/group processes.
Conducts or effectively challenges risk assessments, monitoring, and testing activities to ensure controls are operating properly and aligned with regulatory requirements, and supports root cause analysis for material control failures.
Identifies, assesses, challenges, and oversees the satisfactory resolution of issues, including adequate remediation plans and validation, and escalates high‑profile issues and risk cases.
Advises first line of defense management and employees on compliance matters.
Ascertains training needs and helps develop training based on gaps identified through monitoring and testing.
Identifies enhancements to compliance tools and processes and communicates to stakeholders.
Assists business group management in communicating and implementing changes to regulatory policies and procedures.
Represents the Compliance team during internal, external, and regulatory audits and examinations.
Provides regulatory perspective on sales and marketing materials.
Anticipates, identifies, and analyzes risks and compliance gaps and recommends appropriate controls.
Accesses, monitors, and reports on sensitive Bank, customer, transactional, and employee information to ensure regulatory compliance.
Communicates the roles and importance of the three lines of defense and proactively identifies regulatory risk.
Focus is primarily on the business/group; may have broader enterprise‑wide scope.
Provides specialized consulting, analytical, and technical support.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently and handles non‑routine situations.
Broader accountabilities may be assigned as needed.
Qualifications
Typically minimum of 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Detailed knowledge of consumer protection regulations and guidelines.
Skilled knowledge of regulatory/ compliance requirements and/or the operations of a single client group.
Strong communication, critical thinking, relationship management and project management skills.
Experience at regulatory body for one or more compliance area(s) is an asset.
Recognized compliance certificate or equivalent is an asset.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem-solving skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.
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.
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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.
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