Senior Manager, Compliance

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The Senior Compliance Manager leads a team that assists in the implementation, maintenance, and administration of the Canadian Personal & Business Banking compliance program. Primary functions include preparation of internal and external reporting materials and serving as primary liaison with key regulators.

In addition, this role also assists in or executes key department activities, including coordinating and performing risk assessment, monitoring, testing, and surveillance activities to ensure the program remains current and aligned with BMO’s Enterprise Compliance Program requirements. Contributes to business/group results by providing oversight and making recommendations that significantly impact the Bank’s ability to minimize operational risk and align with regulatory expectations.

Key Responsibilities:

• Fosters a culture aligned to BMO purpose, values, and strategy and role models BMO values and behaviours.

• Attracts, retains, and develops top talent; improves team performance; recognizes and rewards performance; coaches employees; supports development; and manages poor performance.

• Provides compliance advice and influences business on implementation of solutions aligned to regulatory risk appetite based on an understanding of business operations and stakeholder needs.

• Consults on new products, services, and automated systems to incorporate compliance requirements.

• Makes recommendations to senior leaders on strategy and new initiatives based on an in-depth understanding of the business/group.

• Supports execution of strategic initiatives with internal and external stakeholders.

• Builds effective professional relationships with business groups, stakeholders, and regulators.

• Analyzes, reviews, and reports compliance data to Compliance and business/group management.

• Leads or participates in the design, implementation, and management of core business/group processes.

• Develops and maintains expertise in applicable regulations, directives, and guidance.

• Provides input on emerging risks, regulatory developments, and regulatory interpretation.

• Conducts or effectively challenges risk assessments, monitoring, and testing activities; supports root cause analysis for material control failures.

• Identifies, assesses, challenges, and provides oversight on issue resolution, including remediation plans and validation; escalates high-profile issues and risks as required.

• Identifies training needs and supports development of training based on monitoring and testing gaps.

• Identifies enhancements to compliance tools and processes and communicates to stakeholders.

• Assists business group management with communication and implementation of regulatory policy and procedure changes.

• Represents Compliance during internal, external, and regulatory audits and examinations.

• Operates effectively in a high-stress environment with changing expectations and regulatory scrutiny.

• Applies expertise and creative thinking to complex and non-routine situations.

• Broader accountabilities may be assigned as needed.

Qualifications:

• Typically 8+ years of relevant experience and a post-secondary degree in a related field, or equivalent combination of education and experience.

• Detailed knowledge of consumer protection regulations.

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

• Ability to manage ambiguity.

• Managerial experience preferred.

• Advanced degree and/or professional designation is a plus.

• Recognized compliance certificate is a plus.

• Experience at a regulatory body is a plus.

• Verbal and written communication skills - In-depth / Expert.

• Analytical and problem-solving skills - In-depth / Expert.

• Influence skills - In-depth / Expert.

• Collaboration and cross-group teamwork skills - In-depth / Expert.

• Data-driven decision making - In-depth / Expert.

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.