Vice President, Capital Markets, Regulatory and Financial Crisis Management

The Vice President will work directly with the Director, Regulatory Engagements (OCOO) and will be accountable for the following: overseeing BMO Capital Markets’ Financial Crisis Management requirements; preparing for and executing regulatory examinations and reviews of Capital Markets legal entities; coordinating and tracking regulatory remediations; ensuring continued compliance with the evolving global regulatory environment; and fostering a transparent, compliant, and proactive regulatory risk management culture across all areas of BMO Capital Markets. Additionally, the Vice President will ensure that risks and issues are escalated appropriately through the applicable US governance frameworks.

Key Accountabilities

Financial Crisis Management = 50% Regulatory/Exam Focus = 40% Risk & Controls = 5% Strategic Capabilities = 5%

Financial Crisis Management

• Work closely with the Financial Crisis Management Office to execute reviews and tests for the Capital Markets annual plan.
• Ensure framework is up-to-date and reviewed no less than annually
• Collaborate with the FCM personnel responsible for specific recovery or resolution plan deliverables to identify deliverables or work products that will be necessary to craft the Capital Markets components of plans submitted to specific regulators.
• Represent CM executives in discussions regarding sign-off duties and deadlines.
• Elicit opinions and expertise from Capital Markets stakeholders regarding the plan sections they own.
• Participate in various scenario and simulation work done to validate planning.

Regulatory Engagements

• Work directly with Director, Regulatory Engagements (OCOO) to prepare all internal stakeholders for incoming regulatory engagements involving global Capital Markets legal entities
• Work with internal stakeholders to aggregate and develop timely responses to regulatory requests
• Manage and/or facilitate the response to regulatory requests, as directed
• Interact directly, and in coordination with senior management, with key regulators as required
• Coordinate Capital Markets’ regulatory remediation function, including oversight of issue tracking, progress monitoring, and preparation of timely status reports for stakeholders
• Help to ensure best practices and relevant Capital Markets strategic elements are aligned and shared amongst key stakeholders to promote a strong, transparent, and effective regulatory environment

Risk Management

• Escalate key issues when gaps in Capital Markets or legal entity regulatory compliance are identified
• Proactively review and make recommendations regarding the management of key regulatory and compliance risks across Capital Markets
• Support Capital Markets legal entities in the preparation and evaluation of Inherent Risk Assessments
• Proactively support the timely resolution of any Risk and Control Assessment issues

• Work with colleagues across OCOO to identify opportunities across the Capital Markets network to improve operational processes, risk management practices, cost controls, and make recommendations to leadership

Knowledge:

• Four-year college or university degree
• 5-7 years of Capital Markets industry or related experience
• Familiarity with Financial Crisis Management or recovery/resolution planning and related regulations
• Treasury experience or background a plus
• Thorough knowledge of Capital Markets business concepts, strategies, and products
• Thorough knowledge of Capital Markets business practices and procedures
• Strong understanding of broad regulatory and compliance concepts
• Strong understanding of regulatory control concepts
• Strong understanding of supervisory procedure concepts
• Familiarity with financial industry regulatory exam concepts
• Experience dealing directly with Financial Regulators in some capacity

Skills:

• Strong interpersonal skills, especially collaboration and resolution management
• Highly developed written and oral communication skills
• Highly organized with a proven ability to manage multiple priorities in a fast-paced environment
• Ability to create partnerships amongst a diverse set of stakeholders across a large organization
• Demonstrated ability to work well as part of a team
• Exceptional analytical and conceptual skills
• Skilled in adapting the role and approach as the requirements of the situation change, and adept at seeking new and better ways of attaining goals
• A self-starter
• Excellent attention to detail and ability to learn and adapt quickly.

The salary range for this role is $100,000 up to $120,000 CAD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)