Manager, Business Compliance

Application Deadline:

09/26/2024

Address:
100 King Street West

Job Family Group:

Business Management

General:

This role:

• Executes First Line compliance monitoring, reporting and control execution.
• Manages/supports large/complex compliance programs/frameworks /projects/initiatives to ensure compliance risks are appropriately identified, risk assessed, mitigated and regulations adhered to.
• Supports the implementation of final laws, rules, and regulatory guidance within GAM Canada.
• Supports business change by assessing the impact to regulatory compliance and associated monitoring.

Key Accountabilities:

Mandate Compliance:

• Execute the Mandate Compliance function including automated pre and post trade alert/warning monitoring using the Charles River Order Management System.
• Coding mandate compliance rules associated with new and/or updated fund/account information.
• Execute manual monitoring of regulatory and/or fund/account requirements.
• Reviewing annual prospectus renewal information and assessing the impact of changes to the monitoring executed.

Personal Trade Monitoring:

Manages and executes the personal trade monitoring program using the Personal Trading Application (PTA) including:

• On boarding and offboarding GAM access persons to PTA
• Reviewing pre-clearance trade submissions and breaches
• Reviewing external broker statements
• Managing the annual certification of accounts by GAM access persons
• Providing quarterly reporting to the Chief Compliance Officer (CCO) and the Ultimate Designated Person (UDP) on violations and trading volumes

Gifts & Entertainment (G&E) Monitoring:

• Leveraging information in the BMO Enterprise tool, review logged G&E to confirm compliance with limits.
• Report instances where limits have been exceeded to the CCO and UDP

Liquidity Management:

• Leveraging methodology provided by GAM Product conduct an annual fund liquidity ranking.
• Leveraging scenarios provided by GAM Product execute annual stress tests and report results to GAM Product

Filings - Regulatory & Exchange

• Provide regular TSX reporting required for BMO GAM ETFs
• Prepare Annual SEDAR 45-106 Filings for purchase transactions completed in the exempt market.
• Support 2nd Line Compliance in the completion of the annual OSC Risk Assessment Questionnaire

Certifications:

• Work with the Institutional Client Service Team, Investment Team, and Traders to complete regular institutional client compliance certifications.
• Facilitate the annual related registrant identification and filing as required.

Business Partner Engagement:

• Supports business leaders in the effective implementation, maintenance, and administration of 1st Line compliance program.
• Work with other areas of the bank to plan and coordinate compliance-related activities including Portfolio Managers, Traders, Product, Operations, Sales & Distribution, Legal, and 2nd Line Compliance.
• Work with the business to review and assess new business initiatives in terms of compliance-related matters/implications.
• Support the business in the terms of new/expanded use of derivatives, assessing the impact on regulatory compliance and associated monitoring.

Committee Participation:

• Participate in committees (e.g., Product Oversight Committee) to understand business/product changes/development/launches and provide feedback and guidance on the associated impact on the regulatory and fund/account monitoring executed by the Mandate Compliance team.
• Work with different business groups to understand the impact of regulatory change on their business; perform gap analysis to identify process changes required to comply with new requirements.

Issue Management:

• Assess the impact of business issues and regulatory reviews on Mandate Compliance processes and controls.
• Report and remediate Compliance Issues currently impacting, or with the potential to impact, Mandate Compliance monitoring or control execution.

Reporting:

• Prepare conflicts of interest related reporting (e.g., principal trading, interfund, related issuer, etc.) for 2nd Line Compliance review and presentation the Investment Review Committee (IRC)

Regulatory Knowledge:

• OSC Investment Fund Manager (IFM), portfolio management and trading regulations.
• In-depth knowledge of National Instruments (e.g., NI 81-102, NI 31-103, NI 81-107, etc.)

Qualifications:

• Typically, between 3-5 years of years or more experience in Asset Management performing a compliance-related function.
• Post-secondary degree in related field of study or an equivalent combination of education and experience
• Industry certification or designations would be an asset (CFA, MBA, or advanced degree).
• In-depth knowledge of derivatives is an asset.

General Knowledge/skills:

• Advanced critical thinking with strong problem-solving abilities.
• High attention to detail.
• Understanding of regulatory compliance and its role within a broader risk management framework.
• Knowledge of Charles River and/or other order management systems (e.g., Bloomberg, Aladdin, etc.).
• Ability to multi-task, work independently to prioritize workload and meet deadlines.
• Builds effective relationships with internal senior stakeholders, capable of collaborating and fostering relationships within the Business and with cross-functional working groups.
• Strong verbal and written communication skills, and demonstrated ability to prepare concise, accurate reports for management.
• Ability to present to senior management and management committees.
• Strong computer skills using Microsoft Word, Excel, PowerPoint, and other standard database tools.
• Strong project management and organizational skills.

Salary :

$68,000.00 - $126,000.00

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.