Compliance Officer, Registrations

at  BMO US

320 S Canal Street Chicago Illinois,60606

Assists in the implementation, maintenance, and administration of specific compliance programs within Global Markets, I&CB, and necessary registrations across all U.S. groups. Works with business/group and internal partners to ensure regulatory, corporate and fiduciary obligations are met. Advises business/group on implications of new regulatory developments or internal products to draft and implement new/revised policies and programs to address such changes. Accesses, monitors, and reports on sensitive Bank, customer, transactional, and employee information to ensure compliance with regulatory requirements. Exercises judgment to identify, diagnose, and solve problems within given rules. Works independently on a range of complex tasks, which may include unique registration situations. Operates effectively within a high stress environment with constantly changing expectations and regulatory and audit scrutiny. Able to manage competing work priorities and competing deadlines. Develops and maintains compliance information for analysis and reporting. Achieves compliance goals by maintaining current knowledge of regulatory requirements and registration developments. Maintains functional and regulatory expertise specific to business group and refers to Compliance policies and procedures for requirements.

• Provides advice and guidance to assigned business/group on implementation of solutions to manage regulatory risk based on an understanding of business operations and stakeholder needs as well as necessary registrations for all registered employees.
• Builds effective professional relationships with business line, other internal/external stakeholders and regulators on the initial stages of investigations.
• Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution.
• Analyses and reports compliance information to Compliance and business/group management.
• Develops and maintains a high level of expertise in all relevant regulations, directives, and guidance which apply to the group(s) supported.
• Analyzes and reports compliance information to Compliance and business/group management.
• Advises first line of defense management and employees on compliance matters.
• Ascertains training needs and helps develop training based on gaps identified through the compliance monitoring and testing.
• Identifies enhancements to business group compliance tools and processes and communicates to required stakeholders.
• Assists business group management in communicating and implementing changes to applicable regulatory policies and procedures.
• Anticipates, identifies, and analyses risk and consequences of unaddressed risk factors/compliance gaps and recommends appropriate remediation.
• Builds effective professional relationships with business/groups.
• Broader work or accountabilities may be assigned as needed.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.

QUALIFICATIONS:

• Typically, between 3-5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Recognized compliance certificate or equivalent preferred. Proficient knowledge of registration related regulations such as FINRA, SEC, CFTC, NFA rules and regulations.
• Proficient level of knowledge of a compliance field.
• Proficient in communication, critical thinking, relationship management, organization and project management skills.
• Technical proficiency gained through education and/or business experience.
• Verbal and written communication skills - In-depth.
• Rule analysis and drafting skills – In depth
• Microsoft Excel and Word skills- In depth,
• Collaboration and team skills - In-depth.
• Analytical and problem-solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

• Provides advice and guidance to assigned business/group on implementation of solutions to manage regulatory risk based on an understanding of business operations and stakeholder needs as well as necessary registrations for all registered employees.
• Builds effective professional relationships with business line, other internal/external stakeholders and regulators on the initial stages of investigations.
• Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution.
• Analyses and reports compliance information to Compliance and business/group management.
• Develops and maintains a high level of expertise in all relevant regulations, directives, and guidance which apply to the group(s) supported.
• Analyzes and reports compliance information to Compliance and business/group management.
• Advises first line of defense management and employees on compliance matters.
• Ascertains training needs and helps develop training based on gaps identified through the compliance monitoring and testing.
• Identifies enhancements to business group compliance tools and processes and communicates to required stakeholders.
• Assists business group management in communicating and implementing changes to applicable regulatory policies and procedures.
• Anticipates, identifies, and analyses risk and consequences of unaddressed risk factors/compliance gaps and recommends appropriate remediation.
• Builds effective professional relationships with business/groups.
• Broader work or accountabilities may be assigned as needed.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus