Compliance Officer, Global Markets Compliance

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Job Family Group:

Compensation & Benefits:

Hiring range: $90,000 - $100,000. Pay Type: Salaried

The base salary range represents the anticipated low and high end of the BMO Financial Group's salary range for this position. Actual salaries will vary and will be based on various factors, such as skill, experience and qualification for the role. This position is also eligible for a bonus plan.

The base salary and potential bonus is one component of BMO Financial Group's total compensation package for employees. Other rewards and benefits include health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: www.bmousbenefits.com.

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.

**Please note that this is a hybrid work arrangement - 3 days in the office each week is the expectation**

Our team is a growing Fixed Income, Currencies, and Commodities (“FICC”) Compliance group in New York, with this role focused on Swap Dealer and Security-Based Swap Dealer requirements and corresponding oversight. We seek a candidate to work closely with the relevant Lines of Businesses and internal partners to ensure regulatory, corporate and fiduciary obligations are met.  Additionally, part of the role will require you to stay current on regulatory requirements and developments, monitor risk/trade surveillance, and identify and correct possible gaps and weaknesses.

The ideal candidate will support the implementation, maintenance and administration of the Swap Dealer and Security-Based Swap Dealer compliance program. Coordinate and perform risk assessment, monitoring, testing and surveillance activities to ensure the program remains aligned with BMO’s Compliance Program. This role will partner with business lines and internal groups to meet regulatory, corporate and fiduciary obligations. You will advise on new regulatory developments, internal products, and revise policies and controls. Identify risks and mitigate them. Develop and maintain compliance information for analysis and reporting. The role also contributes to the business by providing oversight and recommendations that enhance compliance monitoring, reduce risk, and align with regulatory rules. 

Additionally, the ideal candidate will:

• Provide advice and guidance to business lines on implementing solutions aligned to regulatory risk appetite and business needs.
• Consult on new products, services and automated systems to ensure compliance requirements are incorporated.
• Ensure effective compliance controls that support business objectives and identify enhancements to tools and processes.
• Monitor emerging risks, issues, and regulatory developments, providing insights to inform decision-making.
• Build and maintain strong relationships with internal stakeholders and regulators.
• Conduct and challenge risk assessments and perform or oversee monitoring and testing to ensure controls are effective and aligned with requirements, and ascertain/develop training based on identified gaps.
• Identify, assess, and oversee resolution of compliance issues, including root cause analysis, remediation plans, validation, and escalation of material concerns.
• Analyze and report compliance data and risk insights to management.
• Maintain expertise in applicable regulations and provide interpretive guidance to the business
• Advise first line of defense on compliance matters and reinforce the three lines of defense framework.
• Represents the business/group Compliance team and interacts with examiners/auditors during internal, external and regulatory audits and examinations.
• Operate independently to assess risk, solve problems, and manage non-routine situations in a dynamic, high-pressure environment.

Qualifications:

• Strong knowledge of applicable Swap Dealer and Security-Based Swap Dealer (“SD” and “SBSD”) laws, rules and regulations with the ability to assess firm impact.
• Firm understanding of business operations & procedures, and activities involving documented practices associated with SD and SBSD activities.
• Typically, minimum of 3-5 years of relevant experience, or or an equivalent combination of education and experience including post-secondary degree.
• Recognized compliance certificate or equivalent preferred, with SIE, Series 7, 63 considered a plus.
• Prior experience with a regulatory entity or SRO is a plus but not required (e.g. NFA, FINRA, SEC, etc..).
• Strong communication, critical thinking, relationship management and project management skills.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Strong verbal & written communication skills.
• Collaboration, team skills, and ability to constructively influence is highly valued.
• Deep analytical and problem-solving skills.
• Data-driven decision making is valued.

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.