BMO Financial Group Senior Manager, Governance & Compliance in New York, New York
Develops or maintains an effective financial governance and controls framework that defines the ways and methods governance is implemented, managed, and monitored in the business/group. The governance framework includes policies, guidelines and provides programs, practices and measures to promote transparency, accuracy, consistency across groups. Applies specialized knowledge of Accounting & Financial management risk, regulatory compliance and internal controls related to financial processes and information.
Develops governance and control related solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
Provides advice and guidance to assigned business/group on implementation of the governance framework, including effective challenge.
Coordinates and participates in the execution of oversight/governance activities including: reporting, assessment of education & training needs, development/delivery of training, development and execution of regulatory administration processes & procedures, management of review/updates to policies, etc.
Assists with the maintenance, monitoring, measurement & reporting on the status of the governance program to various internal & external stakeholder audiences.
Supports policy/standard/operating procedures lifecycle management, education and training assessment, development & delivery, coordination of attestation programs, reporting, etc.
Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks and program requirements.
Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
Supports the group/program leader in communicating advice across the Bank on regulatory environment changes to ensure changes are understood.
Supports the management of governance meetings (committee, management, board meetings, etc.) as required; facilitates development and approval of agendas, gathering and distribution of documentation related to agendas, and creation of meeting minutes/output.
Builds effective relationships with internal/external stakeholders.
Acts as liaison between stakeholders in order to align agendas and ensure a clear understanding of the business context.
Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
Leads or participates in change management activities of varying scope and type.
Breaks down strategic problems, and analyses data and information to provide governance insights and recommendations.
Monitors and tracks performance and addresses any issues.
Assists in the identification, classification and addressing of issues.
Assists with the coordination and management of the review and sign-off of relevant regulatory reporting.
Acts as a trusted advisor on governance matters.
Influences and negotiates to achieve business objectives.
Recommends and implements Financial governance solutions based on analysis of issues and implications for the business.
Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes.
Assists in the development of strategic plans.
Identifies emerging issues and trends to inform decision-making.
Conducts independent analysis and assessment to resolve strategic issues.
Leads the management of governance meetings and maintains maintenance of governing body mandates, oversight and approval guidelines.
Leads, integrates and coordinates the maintenance, monitoring, measurement & reporting on the status of the governance program to various internal & external stakeholder audiences.
Leads the maintenance of the governance system and framework.
Leads the interpretation of new or changing regulations and assessing impacts to the governance framework.
Perform comprehensive testing of 17a-5 controls framework for quarters ending Sept 30, Dec 31, Mar 31 and June 30 (Sept 2022 – Jun 2025) and document results.
Update test process and other relevant documentation to capture changes to the 17a-5 controls framework.
Coordinate and document all aspects of management reporting related to 17a-5 reporting including Steering Committees and Working Groups.
Manage quarterly attestation/certification process.
Assist management with preparing assessment of the quality of the 17a-5 controls framework
Conduct analysis of 17a-5 programs across industry to ensure best practices are incorporated in program.
Collaborate with key stakeholders to ensure applicable control frameworks sufficiently mitigate risks.
Preferably have between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and broker dealer regulatory experience, preferable series 27 certified.
Working knowledge of broker dealer business and SEC 15c3-1, 15c3-3, 17a-4, 17a-5, and FINRA regulatory environment is required.
Control framework knowledge & experience preferred e.g. SOX 404, COBIT and COSO frameworks.
Deep knowledge and technical proficiency gained through extensive education and business experience.
Possess and demonstrate the following skills with a high degree of excellence: communication skills (verbal and written), collaboration and teamwork skills, analytical and problem-solving skills, influence skills, and data driven decision making.
Annual base salary: $110,000 - $135,000 . 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 an annual 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 .
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At 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 https://jobs.bmoharris.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.
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