BMO Financial Group Associate Director, Capital Markets Operations Compliance in Jersey City, New Jersey
Reporting into the Director, Risk and Compliance - Independent Controls, this job, with support from 2ndLine Compliance, will be the central point of contact for all Operations Compliance, AML, tax and legal matters for BMO Capital Markets Operations group.The incumbent will support regulatory projects and act as a point of facilitation and escalation for day to day operations compliance matters.Be accountable in the development and execution of the Product Operations strategic plans in support of the organization’s objectives and key initiatives.
With support from 2ndLine Compliance and the Director, Risk and Compliance - Independent Controls, lead theenhancement and maintenance of the Bank’s Enterprise Compliance Program within applicable PO group identifying any gaps that may surface; Lead a cross group remediation program for any gaps in compliance control and reporting activities.
The incumbent also ensures the effective rule interpretation and exercises due diligence in providing support across Product Operations.
Specifically, this role provides support in 4 major areas:
Integration of business complexities within Compliance – Have expert knowledge and understanding of the Business Unit’s product line that require a substantially higher level of compliance controls experience.Identify inherent risks in processes and ensure that new products and initiatives have the right controls in place.Evaluate processes, test control capabilities and identify gaps.
Compliance – Business Unit Compliance Officer will support the compliance testing program and subsequent sub compliance programs, including interfaces with operational business leads, regulatory bodies and internal compliance groups.
Controls – Accountable for monitoring, tracking and reporting on regulatory audits.Ensure adherence to regulatory operations guidelines as well as other key internal controls for the assessable units.
- Relationship Management- liaise with various levels of management across Product Operations includingbut not limited to Compliance, Enterprise Risk Management, Audit, Legal and internal and external regulatory audit functions
7-10 years of related Compliance or Operations experience
Knowledge of standard desktop applications used by the business unit
Expert knowledge and understanding of the business unit’s product line
Expert understanding of the business unit’s risk and regulatory requirements
Experience/knowledge with one or more areas required: FINRA, SEC, OSFI, Capital Markets, IIROC, Operations, Capital Markets Institutional Compliance
Advanced knowledge of departmental systems and applications
Compliance related courses preferred, but not required (CSC, CCO, PDO, CPH)
FINRA Broker – Dealer Compliance experience
Expert strategic visioning
Advanced project management skills
Expert problem-solving and analytical skills
Expert decision-making skills
Expert prioritization skills
Expert customer service and relationship management skills
Expert managerial leadership skills
Expert planning skills (re finance, resource, strategy, business)
Advanced negotiation skills
Expert conflict management/ resolution skills
Expert change management skills
Advanced facilitation/ presentation skills
Advanced communication skills
We’re here to help
At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.
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 https://bmoharriscareers.com .
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.
United States-New Jersey-Jersey City