Vice President, Regulatory Transformation

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We are seeking a Vice-President, Regulatory Transformation with a strong understanding of the Capital Markets’ regulatory landscape to join our Regulatory Transformation (RT) team.

RT is part of the Capital Markets Office of the Chief Operating Officer (OCOO) and as a key business partner plays a pivotal role in driving strategic execution of regulatory change and new products implementation across BMO Capital Markets, partnering closely with front-office business units, functional stakeholders, and the broader Capital Markets Initiatives & Project Delivery organization. RT sponsors and manages a central portfolio view of emerging regulatory developments, leads proactive preparation for upcoming changes, and drives business impact analysis through to the end-state target control environment. It also supports the launch of new products or trading activity by advising on current live and new upcoming regulatory considerations.

As a Vice-President on the RT team, you will contribute to regulatory changes by working with RT’s team to support business compliance with new and changing regulatory requirements.

Responsibilities and Duties

This role requires you to:

• Lead business impact and gap analysis between current operating models and new regulatory requirements
• Identify and facilitate detailed client and Front Office (FO) processes’ impacts: client flows and outreach requirements, FO communications, FO product, trade surveillance and business conduct
• Drive the creation of Capital Markets Regulatory Target Operating Model including core business and technology capabilities, roles and responsibilities, operating capacities and how the operating groups strategically organize to achieve compliance in line with business priorities
• Assist in the deployment appropriate methodologies and governance tools, to drive the timely delivery of analysis and agreed solution approach (operational and technology driven
• Have a strong understanding of Capital Markets and build relationships senior stakeholders
• Support business engagement and strategic cross divisional discussions on regulatory change matters
• Assist in the development and delivery of impactful communications and presentations to cross-functional team members and stakeholders (business and IT), regulators, and senior management committees

Qualifications and Skills

Core Requirements

• University degree and 5+ years of experience in management consulting or related field in financial services with active involvement in new regulation assessments and implementations
• Strong understanding of global securities and derivatives regulatory frameworks including, for example, CFTC, SEC, CSA, and EU.
• Strong understanding of the financial product lifecycle: origination, primary market, secondary market and the associated business activities such as settlement, risk management, operations & accounting
• Proven track record managing large-scale, complex programs in a global environment, including Agile transformation initiatives.

Soft Skills

• Strong analytical and critical thinking skills to assess information, evaluate risks, and make informed judgments. Can approach problems from multiple perspectives and demonstrate sound reasoning.
• Excellent oral and written communication skills; including the ability to understand and effectively communicate relevant industry regulations, impacts and implementation solutions to the business
• A high level of professionalism, ethics and integrity

Nice to Have’s

• CSC, FINRA Series 7 or similar qualifications
• Project management certifications and / or equivalent experience

Compensation:

• The base salary range for this role based in Toronto, with a hybrid model (currently expected to be in a minimum of 4-days) is $115,000 to 130,000 CAD.

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.