BMO Capital Markets is a leading, full‑service financial services provider offering corporate and investment banking, treasury management, and research and advisory services to clients worldwide.

Mandate
Capital Markets Supervision (CMS) directs, leads, and operates the First Line of Defense’s Operating Group Compliance Program (OGCP). The OGCP establishes policies, processes, and controls to achieve risk‑based compliance with laws and regulations, supporting the Enterprise Compliance Program and the Global Compliance Manual.

Key Accountabilities

Work directly with the Line of Business and CMS colleagues to review surveillance reports, validate activities, and document results for product lines such as Security‑Based Swap Dealer, Canadian OTC Derivatives Dealer, Swap Dealer, Rates, Currency, and Commodities.

Conduct electronic and voice communications surveillance and trade surveillance.

Develop an understanding of regulatory obligations for these products and maintain first‑line monitoring controls.

Promote a culture of compliance to shift focus to proactive gap analysis.

Collaborate with the FICC CMS Team and Second Line Compliance to test and validate adherence to rules and regulations.

Role & Responsibilities

Support the team’s mandate in maintaining a best‑in‑class Supervisory Control Framework.

Work and develop under the tutelage of senior team members.

Review trade exception reports and trading activity to ensure compliance with applicable rules and regulations.

Analyze surveillance data and develop risk‑indicator reporting for internal and external stakeholders.





Work on ad‑hoc projects related to business initiatives or regulatory developments.

Coordinate with the Compliance Group for independent oversight and effective challenge.

Build relationships and collaborate with Legal, Operations, Middle Office, and Sales & Trading teams.

Assist with the Regulatory Compliance Risk Assessment process, including documentation and control enhancement.

Operate effectively in a fast‑paced environment with regulatory and audit scrutiny.

Work independently, multitask efficiently, and meet tight deadlines.

Review electronic and voice communications.

Write and maintain supervisory procedures and other procedural documents.

Experience

1–2 years of capital markets supervision or regulatory experience.

OTC Derivatives product knowledge and understanding of sales & trading activities.

Knowledge of Security‑Based Swap Dealer rules and Canada Business Conduct Rules for OTC Derivative Dealer regulations (e.g., OSC, CIRO, SEC, FINRA, CFTC, NFA).

Professional certifications are a plus; CFA, MBA, or CIRO/FINRA registration.

University degree required.

Desired

Excellent written and oral communication skills.

Sound judgment and good decision‑making skills.

Strong work ethic and ability to work well with others.

Familiarity with AI, Python, or other programming scripts is a plus.

Location
Toronto, Canada

Compensation
Salary range: $75,000 to $100,000 CAD (subject to candidate meeting specific skills, experience, education, and qualification requirements). The position is salaried with incentive pay and may include performance‑based advantages.

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📌 Associate, Canada Capital Markets Supervision (Ontario)
🏢 BMO Capital Markets
📍 Ontario