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BMO Financial Group Senior Compliance Officer - Global Asset Management in Chicago, Illinois


111 W Monroe - 115 S LaSalle

Job Family Group:

Audit, Risk & Compliance

The Business Unit Compliance & Controls Operating Group Lead serves as a key subject matter expert in ensuring Line of Business compliance with applicable regulatory requirements. This role guides Lines of Business to implement policies and procedures which support compliance. The Risk & Controls Operating Group Lead utilizes a solid understanding of Line of Business products, customers and operating environment to identify business and compliance implications of regulatory requirements in alignment with the Enterprise Compliance Risk Framework. The Risk & Controls Operating Group Lead coordinates the communication and implementation of changes to the GAM US Compliance Policy, Program and Procedures as needed to improve compliance, or as required by amendments to the regulations.

Line of Business (LOB)/ Partnership (50%)

  • Establish and maintain collaborative relationships with LOB management and develop knowledge of LOB products, operating environment, customers and trends.

  • Apply understanding of LOB operating environment and in-depth knowledge of regulatory requirements to determine implications of regulations on LOB policies, processes and procedures. Anticipate potential issues related to changes in the regulatory and/or operating environments.

  • Regularly interact with LOB staff regarding management issue tracking and initiatives. Represent GAM US in meetings and initiatives to boost compliance efforts/programs.

  • Advise LOB management on regulatory implications of new products and processes.

  • Report LOB compliance issues to the Business Unit Compliance & Control Manager and/or governance committees as deemed appropriate.

Operations Risk & Control Management (50%)

  • Ensure that requirements of the policies and programs are maintained at a level commensurate with regulatory expectations within the LOB and U.S. Compliance objectives.

  • Maintain oversight of GAM US regulatory policies and procedures for LOB entities to ensure appropriate governance and control.

  • Participate in the management of issues associated with LOB compliance activities. Serve as an escalation point for resolving regulatory policy and procedure issues.

  • Identify, compile and analyze key performance indicators that may identify trends and signal control breakdowns.

  • Continuously evaluate established regulatory procedures and processes within the LOB to determine effectiveness and identify areas for enhancement. Recommend enhancements to Business Unit Compliance & Controls Manager and LOB management.

Knowledge & Skills:

  • 5 years regulatory or related Compliance or audit experience preferred

  • Knowledge of regulations

  • Bachelor’s Degree required

  • Understanding of the BMO Harris Bank’s business, processes and operations

  • Knowledge of the Bank’s approach to risk management including Audit, internal controls and/or similar oversight procedures preferred

  • Demonstrated ability to interpret and disseminate regulatory changes and their application to BMO Harris Bank

  • Demonstrated ability to analyze applicable regulatory risks and apply understanding to development of policies and processes

  • Demonstrated ability to examine the work of others to oversee compliance

  • Ability to work independently, prioritize workload and meet deadlines

  • Strong organizational and interpersonal skills

We’re here to helpAt BMO Harris Bank 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 Harris Bank 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

BMO Harris Bank 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. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

BMO Financial GroupServing customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.