QDS40 | Compliance Officer, Control Room

QDS40 | Compliance Officer, Control Room

04 Nov
BMO Financial Group

04 Nov

BMO Financial Group


BMO Capital Market Compliance is seeking two candidates to for Compliance Officer Roles in its Control Room. These vacancies represent an exciting opportunity for experienced industry participants wishing to enter the field of Compliance or for Control Room professionals wishing to expand the scope of their knowledge and experience in the US securities regulatory environment. The Compliance Officer, Control Room, is a fundamental contributor to the successful management of the Firm’s Insider and Proprietary information. Located in Toronto, the incumbent will become part of a global team responsible for supporting both Canadian and US Investment Banking and Research teams.

The successful candidate will be responsible for monitoring and enforcing information barriers between public and private sides of the business and will assist with development of policies, procedures, reporting, and surveillance to ensure the effective practices to contain sensitive or material non-public information. The successful candidate will demonstrate highly developed critical thinking and the ability to apply subjective judgement under circumstances of imperfect information. Frequent contact with Business professionals is a fundamental aspect of the role so, professionalism and the ability to develop meaningful relationships with business partners and other stakeholders will be critical to success. The control room operates in high pressure time sensitive environment. Demonstration of tact, discretion and composure will also be key success factors. Practical experience in some aspect of investment banking and/or research would be an asset. Similarly a good understanding of regulatory environment and regulatory expectations as it applies to investment or corporate banking would also be useful. The successful candidate will be expected to acquire an understanding of these areas upon acceptance of the role. The Control Room provides support to the business outside of normal business hours including certain statutory holidays. Flexibility to work non-standard hours may be required. Some travel may also be required. Key Accountabilities Compliance Program Execution and Monitoring (75%)

- Daily duties include wide-range of Control Room compliance activities;
- Coordinating coverage over multiple jurisdictions with respect to grey/restricted list and research.
- Review of research prior to publication including compliance with research restrictions in accordance with the Firm’s policies and procedures and verification of compliance with Wall Crossing procedures.
- Maintenance of grey and restricted lists.
- Liaising with other Global Compliance teams to monitor research communication activities pursuant to certain legal, regulatory and/or policy considerations.

- Execution of Monitoring and Testing for both Investment Banking and Research businesses.

Regulatory Consultation (10%)

- Provide advisory services on compliance matters to LOB management and staff (first line of defense) in support of BMO’s Investment Banking and Research businesses.
- Execute appropriate testing and analyze key performance indicators to ensure requirements of Capital Markets policies and programs are maintained at a level commensurate with regulatory expectations. Identify observations of trends and recommendations to optimize data. Support root cause analysis in response to material control failures in lines of business.

Regulatory Governance (15%)

- Develop a high level of expertise in all regulations, directives and guidance which apply to the LOB Compliance group(s) supported.Identify training needs based on gaps identified through the compliance monitoring process.
- Identify possible enhancements to Line of Business Compliance tools and processes and communicate them to the Compliance management.

Knowledge & Skills

- Bachelor’s degree.
- Minimum of 1-2 years of with Control Room or related experience.
- Background in trading surveillance and/or email surveillance is an asset.
- Strong knowledge of securities rules and regulations with respect to Research; (specifically FINRA Rule 2241, 2242, IIROC rule 3400, and OSC 33-601)
- Strong communication, critical thinking, relationship management, and project management skills
- Prior IIROC registration or FINRA Series 7, 79, 86/87 or 24 certifications are an asset.

We’re here to help

At BMO we have a shared purpose; we put the customer at the centre 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 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://bmocareers.com.

BMO 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. 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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