Director, Trade Surveillance

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BMO Capital Markets has an exciting opportunity for seasoned Compliance professional in the role of Director, Trade Surveillance. In this role you will be critical to the success of the Capital Markets business by providing creative solutions to Compliance challenges. Acting as the go-to contact for the business, your guidance and advice will be a business enabler. To do this, you bring a firm grasp on all aspects of the Global Markets activity. You have successfully run a compliance or similar program and have demonstrated your talent as a dynamic and proactive leader. You are now looking for the next step in your career.

You bring to the role a strategic, outcomes-oriented perspective with the ability translate ideas into action. Your career has exposed you to a diverse challenges and enabled you to readily motivate and collaborate with stakeholders across multiple disciplines.

Leading a talented team of Compliance professionals, you will be accountable to oversee development, implementation, maintenance, and evolution of the Capital Markets Compliance Program for Trading Products. You will ensure compliance with regulatory requirements, alignment to the Enterprise Compliance Program, BMO’s Legal and Regulatory Compliance Risk Management Corporate Policy and OSFI Guideline E-13. These activities include oversight over regulatory compliance risk assessments, monitoring and evaluating the effectiveness of regulatory compliance of the Trading Products businesses, including assessing and monitoring the resolution of compliance issues and completion of action plans. You will facilitate the understanding, prioritizing and management of the complex and changing regulatory requirements within Capital Markets, with a view to optimizing business results.

Key Accountabilities

Leadership

• Biweekly management meetings

• Coordinates biweekly senior team strategy meetings

• Conducts team training and regular team meetings

• Supervises trade surveillance team

• Manages interactions with global Compliance teams, internal compliance groups and other stakeholders to coordinate activities across functions

Compliance program - Strategy, Development, and Execution

• Leads the development, implementation, maintenance and evolution of regulatory oversight and M&T program for Capital Markets Compliance reflecting the complexity of the business and accounting for legal and regulatory changes in assessing key business controls.

• Accountable for the integrity and sustained effectiveness of the Capital Markets Compliance Program and acts as project and thought leader.

• Provides independent oversight on the assessment and resolution of issues by the Trading Products assessable units. Report with appropriate analysis and recommendation for significant matters affecting Capital Markets businesses.

• Develops and maintains a second line M&T program for the Trading Products Businesses in accordance with M&T guidelines that provides reasonable assurance that the applicable assessable units are in compliance with relevant regulatory requirements and Enterprise Compliance Program standards, including the Global Compliance Manual and Operating Guidelines.

• Leads the application of Enterprise Compliance Program methodologies in Capital Markets; accountable for the design and evolution of related Capital Markets Compliance policies and procedures to meet regulatory and internal audit expectations and align to Enterprise Compliance Program requirements.

• Monitors Capital Markets Management and Business Unit Compliance Officers of their performance and compliance with Enterprise Compliance Program requirements and applicable standards.

• Manages regulatory examinations

• Manges internal audits

Reporting

• Coordinates completion, and publication of quarterly reporting respective effectiveness of trade surveillance program (Quarterly M&T summary)

• Contributes to business unit and enterprise level management reporting including at senior Management and Board levels

Advisory

• Primary contact with industry and regulators to identify issues and risk and items that demand attention

• Provide effective regulatory advocacy on behalf of the line of business

• Provides effective guidance and advice to lines of business and other internal stakeholders

• Coordinates training where necessary

• Proactively engages with stakeholders to resolve issues and ensure Capital Markets is aligned with upcoming regulatory developments

Qualifications

• 10+ years of relevant experience and a post-secondary degree in related field or CFA designation

• Exceptional communication, critical thinking, relationship management and project management skills.

• Advanced knowledge of Capital Markets business activity

• Advanced knowledge of regulatory/ compliance requirements

• Working knowledge of back-office operations and processes would be an asset

• Experienced at regulatory body with respect to multiple compliance areas would be an asset

• Seasoned expert with extensive industry knowledge

• Developed industry contacts including with relevant regulators

• Technical leader viewed as a thought leader for innovation

• Expert verbal & written communication skills

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

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.

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.