Senior Compliance Officer

Senior Compliance Officer

The Senior Compliance Officer is a Compliance Regulatory Change Management position within the Compliance Program Management team that is responsible for partnering with Legal, 2LOD and 1LOD teams. This position is responsible for identifying and monitoring regulatory changes applicable to BMO. Responsibilities include:

• Monitoring, analyzing, and communicating regulatory developments promulgated by US and Canadian financial regulators.
• Communicating applicable regulatory developments to Legal and 2LOD for analysis and 1LOD for implementation.
• Conducting the day-to-day workflow of the RCM process working with stakeholders.
• Serving as the primary contact for stakeholders on the RCM process and GRC tool including questions, deliverables, and system access.
• Tracking and reporting of assigned items to impacted businesses, management teams, and various committees.
• Partnering with Legal colleagues to determine the applicability for inclusion of regulations in the RCM coverage universe.
• Managing and maintaining the integrity of the regulatory inventory.
• Supporting the development and testing of automation and continued enhancement of the RCM process in the GRC tool.
• Reviewing and updating applicable RCM procedures and standard documents.
• Creating and delivering RCM specific training to stakeholders.
• Escalating issues and risks to management where appropriate.
• Exercising judgment to identify, diagnose, and solve problems within given rules.
• Working independently and regularly handling non-routine situations.
• Operating as a self-directed contributor, independently managing multiple workstreams and seeing assigned projects through completion.

Qualifications:

• Typically minimum of 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Experience in Regulatory Change Management strongly preferred.
• J.D. or recognized compliance certificate is a plus.
• Strong communication, critical thinking, relationship management, and project management skills.
• Deep knowledge and technical proficiency gained through extensive education and business experience.

Salary: $81,400.00 - $151,800.00 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.

About Us 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.