Capital Markets, Senior Compliance Officer

Address:

Job Family Group:

The Capital Markets Senior Compliance Officer will assist in the effective implementation, maintenance and administration of the Capital Markets Compliance Program.  The role provides compliance advisory services, coordinates and performs ongoing risk assessment, monitoring and surveillance activities to ensure that the Compliance Program remains current and aligned with the Firm’s Enterprise-wide Compliance Program. 

The role works closely with the relevant other internal business partners to ensure regulatory, corporate and fiduciary obligations are met.  This role will have a specific focus on compliance oversight over BMO’s Capital Markets and equity activities. The Capital Markets Senior Compliance Officer maintains current knowledge of regulatory requirements and developments, monitors risk, identifies and corrects possible gaps and weaknesses. This individual will be responsible for the successful implementation and maintenance of the Firm’s compliance framework.

This role provides real-time guidance to Capital Markets 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 role develops and maintains compliance information for analysis and reporting.

• Conduct surveillance reviews and evaluate accuracy, reliability and integrity of the compliance analytics and findings produced.
• Identify potential issues associated with surveillance tools and process enhancements and development scenarios.
• Communicate and escalate potential issues for timely addressing and resolution.
• Fortify detection capabilities and innovation within the program.
• Respond to inquiries from auditors and regulators; participate in initiatives to drive adherence to regulatory frameworks and documentation.
• In coordination with the CCO, support the CMC equity program including a focus on building and executing the monitoring framework and compliance responsibilities
• Assist in the development of the Equity Compliance Program regarding FINRA broker-dealer requirements and corresponding oversight.
• 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.
• Review electronic communications.
• Analyze and explore multiple data types in order to identify anomalies and patterns of risk
• Anticipate potential consequences of unaddressed risk factors or shortfalls in compliance and recommend appropriate controls. 
• Partner with business, legal, risk, and operations teams to provide compliance input on new products, initiatives, and process changes.
• Monitor and assess regulatory developments impacting equities businesses and assist with updating policies and procedures as needed.
• Participate in risk assessments, issue tracking, and remediation efforts to address control gaps and regulatory findings.
• Provide guidance to traders, sales staff, operations and supervisory personnel on new regulations or interpretations. A focus will be placed on regulatory developments stemming from SEC and FINRA.
• Develop and maintain a high level of expertise in all regulations, directives and guidance which apply to the Equity group(s) supported.

Knowledge & Skills

• Bachelor’s degree required.  
• Minimum of 5 years of experience with a financial services firm in a compliance role or equivalent experience at a regulator.
• Strong knowledge of multiple equity market activities preferred including: communications, SEC Rule 605/6, supervision, best execution/order handling, and SEC Rule 15c3-5.
• Builds relationships with key stakeholders to ensure high levels of satisfaction and lay the foundations for continued growth and partnership.
• Leads project to completion, provides process and technical expertise, advice and consulting throughout plan execution.
• Leads process improvements based on post-mortem analysis.
• Leverages feedback to improve processes collaborating with leadership teams across departments.
• Must be a highly motivated candidate with the ability to work independently.
• The ability to multi-task, plan and prioritize a large volume of detail-oriented work in accordance with changing deadlines.
• Strong knowledge of applicable securities laws, rules and regulations with the ability to assess firm impact.  Series 7, 63, 24 a plus. 
• Strong communication, critical thinking, relationship management, and project management skills
• Deep operational and regulatory knowledge across SEC, FINRA, and exchange rules
• Strong understanding of options trading and market structure
• Experience across multiple compliance functional areas (surveillance, investigations, testing, reporting)
• Expertise in surveillance systems, investigation methodologies, and testing protocols
• Ability to translate complex regulatory requirements into practical operational procedures
• Demonstrated analytical and problem-solving skills with the ability to synthesize complex information and provide actional recommendations

Salary:

Pay Type:

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 http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.

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.