Associate Compliance Officer, Registrations

Application Deadline:

09/20/2024

Address:
100 King Street West

Job Family Group:

Audit, Risk & Compliance

BMO Registrations, within Legal, Regulatory Compliance & Procurement (LRCP) Wealth Management Compliance, facilitates the registration for BMO employees whose business activities in securities and/or insurance are subject to Canadian regulation under provincial authority and/or as members of Self-Regulatory Organizations. Working in a team environment, the Associate Compliance Officer is responsible for providing advisory services and acting as a point of escalation for registration related issues and inquiries across all registered Canadian legal entities focusing initially on the Mutual Fund Dealer firm. This role involves liaising with various regulators, internal partners within LRCP (including Compliance & Governance groups), various levels of Senior Management, Technology & Operations, Human Resources, and Wealth Management stakeholders.

ACCOUNTABILITIES

• Provide high quality service in all internal and/or external interactions
• Provide advice and guidance to Branches, Lines of Business, HR, Learning and Corporate Secretaries Offices on related registration matters
• Perform functions required to register accredited salespersons, advisers, and officers of the various entities using the National Registration Database (NRD)
• Monitor applications for potential terms and conditions relating to Civil, Criminal, and/or Financial matters and escalate to management
• Prepare submissions to register salespersons, supervisors, and officers of the various lines of business
• Prepare submissions to report material changes to regulators for existing registrants
• Prepare termination submissions for registered persons including liaising with the business unit, Compliance partners, and HR
• Prepare submissions relating to opening, closing, and changes to registered locations
• Determine and advise on post-licensing and continuing education requirements and report to regulators as required
• Maintain various electronic records such as NRD, internal databases, registrant files, Excel spreadsheets, and other systems as necessary
• On a regular basis, interact with regulators on registration files
• Understand and keep current with regulatory, Bank, and department policies and procedures with a firm understanding of regulatory deadlines
• Ensure operational integrity and privacy measures are maintained and safeguarded with the LOB and compliance department
• Participate in special projects as needed

Knowledge/Skills/Experience

• Bilingual in English and French is an asset
• Successful completion of industry courses (for example, the Canadian Securities Course) is an asset
• Two to three years of experience in the financial or securities industry preferably within Registrations or a Compliance division.
• Broad knowledge of CIRO (formerly IIROC/MFDA), CSA (National Instruments) and US (state and federal) rules, policies and procedures
• Broad knowledge of Mutual Fund Dealer, Institutional, Retail and Discount Brokerage businesses
• University degree or post-secondary diploma
• Ability to identify and analyze risks and propose steps to mitigate risks
• Ability to work in a high stress, fast-paced and changing environment
• Must be able to work independently
• Analytical skills and good judgment are extremely important
• Must possess excellent negotiation and listening skills
• Must be independent and confident enough to defend their views in an open forum
• Excellent interpersonal skills and strong written and verbal business communication skills
• Able to recognize and handle sensitive and confidential information
• Capable of handling multiple tasks and meeting stringent deadlines

Salary :

$49,000.00 - $90,800.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

We're here to help

At BMO 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 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.bmo.com/ca/en .

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.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.