BMO Financial Group Compliance Officer, Registrations in Ontario, Canada
The Senior Registrations Officer is responsible for providing advisory services and acting as a point of escalation for registration related issues and inquiries across all Wealth Management Lines of business. The Senior Compliance Officer is also responsible for ensuring that relevant departmental/firm policies meet business requirements and mitigates regulatory risk. This role involves liaising with various regulators, internal and external counsel, various levels of Senior Management, Technology & Operations, BMO Capital Markets Compliance, and Wealth Management stakeholders.
Regulatory Compliance and Risk Management
Develop, maintain and implement changes to the firm’s compliance and registration policies & procedures to ensure that the firm’s compliance program keeps pace with applicable regulatory developments
Identify opportunities and implement policies and procedures for greater efficiencies, cost minimization and improve service levels for business partners
Manage risk and minimize losses through monitoring and controlling firm and individual licensing requirements.
Conduct internal investigations regarding civil, criminal, financial and regulatory disclosure information is reviewed respecting a registrants status and background.
Provide advice and guidance to Branches, Lines of Business, HR, PCG Learning and Corporate Secretaries Offices on related registration matters
Partner with Finance, Legal, Branches, and other departments to ensure a variety of regulatory filings are made within prescribed timelines
Ensure operational integrity and privacy measures are maintained and safeguarded with the LOB and compliance department.
Continuing Education (CE)
Liaise with Regulators and Securities Industry groups with respect to CE requirements and regulatory changes
Point of escalation for PCD Branches on continuing education matters
Partner with Regulators, Internal and External Legal Counsel, Executive Office, Privacy Office, Police Agencies, Internal Audit, clients and various levels of senior management within PCD and BMOFG.
Provides advice and guidance to branch personnel and the Surveillance team within Retail Compliance on escalated registration and continuing education matters
Provides advice and guidance to Wealth Management and Capital Markets lines of business on registration matters.
Partner with Technology and Operations as business representative for implementation/enhancements of new/existing systems
Participate in special projects requiring specialist compliance input and expertise
Recommending – This role has the authority to recommend policy changes, procedural changes and standards with respect to regulatory compliance requirements in order to meet business objectives and or enhance business procedures and mitigate risk.
Issue Resolution – resolve a diverse range of related issues/situations/problems arising from registration applications and business.
Escalation Process – The Senior Registrations Officer may escalate to the Manager, Registrations or to the CCO as required. Strong Communication skills (listening, verbal, written)
Excellent research and analytical skills
Managing multiple priorities
Complex problem solving
Creativity and pace
This job requires the incumbent to interact with the following processes and/or groups in BMO FG:
Work jointly with peers in the Legal Group, Finance Department, PCG Learning and PCD Management.
The Senior Registration Officer will interact with senior management of the organization and external regulatory officials which will require exceptional communication and negotiation skills in order to advance the incumbent’s original thoughts and ideas.
Interacting with various external associations including Investment Industry Regulatory Organization of Canada (IIROC), the Ontario Securities Commission (OSC) and other Provincial Securities Commissions will be required.
KNOWLEDGE AND SKILLS :
Successful completion of Canadian Securities Course and the Conducts and Practice Handbook required.
The Branch Managers Course, the Effective Management Seminar, The Options Supervisor Course, the Chief Compliance Officers Course and the Partners, Directors and Senior Officers Course are optional and considered an asset.
Five to seven years experience in a financial or securities industry Compliance division.
Broad knowledge of IIROC, OSC, CSA and US (state and federal) rules, policies and procedures
Broad knowledge of Institutional, Retail and Discount Brokerage businesses
Facility is written and spoken French an asset
University degree or equivalentSME with extensive knowledge of registration rules and regulations, regulatory filing requirements as well as firm structure and internal policies
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
We’re here to help
At BMO we have a shared purpose; we put the customer at the centre of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.
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://bmocareers.com .
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.