Compliance Officer- Regulatory Inquiries - Toronto, Canada - BMO Financial Group

BMO Financial Group
BMO Financial Group
Verified Company
Toronto, Canada

1 month ago

Sophia Lee

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Sophia Lee

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Description
100 King Street West Toronto Ontario,M5X 1A1

This is an excellent 12-month Fixed Term Contract opportunity for a Compliance Officer

  • Regulatory Inquiries.


Reporting to Director-Compliance Strategy, Regulatory Inquiries and Enterprise Compliance Delivery, the Compliance Officer will support the management of all regulatory compliance and risk management issues for the Capital Markets team.

The Compliance Officer is responsible for gathering data and ensuring adequate responses are provided for regulatory inquiries.

In this role, you will leverage your previous regulatory investigation and/ or interactions with regulators as well as great communication skills to deliver on set objectives

This position is located in Toronto.

You will have the flexibility to manage your work activities within a hybrid work arrangement where you will spend at least 2 days per week on-site, while other days will be remote.


If you're looking for your next dream job, consider this one in BMO's ERPM Risk group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture.

Assists in the implementation, maintenance and administration of a specific compliance program.

Coordinates and performs risk assessment, monitoring, testing and surveillance activities to ensure program remains current and aligned with BMO Compliance Program.

Works with business/group and internal partners to ensure regulatory, corporate and fiduciary obligations are met.

Advises business/group on implications of new regulatory developments or internal products, and assists to implement new/revised policies and programs to address them.

Identifies risks and implements appropriate actions to mitigate them. Develops and maintains compliance information for analysis and reporting. Achieves compliance goals by maintaining current knowledge of regulatory requirements and developments. Maintains functional and regulatory expertise specific to business group, and refers to Compliance Policies & Procedures manuals for requirements.

Contributes to business/group results by providing oversight and making recommendations that significantly impact the Bank's ability to monitor regulatory compliance programs, minimize operational risk and align with regulatory agencies.


  • Provides advice and guidance to assigned business/group on implementation of solutions to manage regulatory risk based on an understanding of business operations and stakeholder needs.
  • Builds effective professional relationships with business line, other internal/external stakeholders and regulators on the initial stages of investigations.
  • Conducts and/or effectively challenges risk assessments for business/group and assists to identify more effective compliance controls.
  • Performs and/or effectively challenges monitoring and testing activities to ensure compliance regulatory compliance controls are operating and aligned to regulatory requirements. Supports root cause analysis in response to material control failures in business/group.
  • Identifies, assesses, effectively challenges and oversees the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation.
  • Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution.
  • Analyses and reports compliance information to Compliance and business/group management.
  • Provides input to business/group on emerging risks, regulatory developments and interpretation of regulations.
  • Conducts and/or effectively challenges risk assessments for business/group and assists to identify more effective compliance controls.
  • Performs and/or effectively challenges monitoring and testing activities to ensure regulatory compliance controls are operating and aligned to regulatory requirements. Supports root cause analysis in response to material control failures in business/group.
  • Identifies, assesses, effectively challenges and provides oversight on the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation. Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution.
  • Analyzes and reports compliance information to Compliance and business/group management.
  • Advises first line of defense management and employees on compliance matters.
  • Consults on new products, services and automated systems to assist with incorporating compliance requirements into these initiatives.
  • Ascertains training needs and helps develop training based on gaps identified through the compliance monitoring and testing.
  • Identifies enhancements to business group compliance tools and processes and communicates to required stakeholders.
  • Assists business group management in communicating and implementing changes to applicable regulatory policies
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