Compliance Associate - Control Room

Application Deadline:

09/19/2024

Address:
100 King Street West

Job Family Group:

Audit, Risk & Compliance

BMO Capital Market Compliance is seeking a candidate for a Compliance Officer Role in its Control Room. This vacancy represents an exciting opportunity for someone eager to learn and enter the field of Compliance or for Control Room professionals wishing to expand the scope of their knowledge and experience in the North American securities regulatory environment.

The Compliance Officer, Control Room, is a fundamental contributor to the successful management of the Firm's Insider and Proprietary information. 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 are critical.

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 be useful.

The Control Room provides support to the business outside of normal business hours including certain statutory holidays. Actual working hours are negotiable outside of core coverage periods.

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.
• Coverage for conflict clearances.
• 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.
• Ideally 1-2 years of with Control Room but open to someone with product knowledge or research.
• Background in trading surveillance and/or email surveillance is an asset but not required.
• Some understanding 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 CIRO registration or FINRA Series 7, 79, 86/87 or 24 certifications are an asset but not required.

*This is a hybrid role requiring 2 days a week in the Toronto office.

Salary :

$60,000.00 - $111,700.00

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.