Senior Manager, Business Unit Compliance Officer - Global Asset Management Canada
GAM Canada's Senior Manager, Business Unit Compliance Officer supports corporate Enterprise Compliance Risk Framework by managing the execution of First Line compliance initiatives. This role executes and leads First Line compliance responsibilities including mandate compliance, compliance issue management, risk assessments, monitoring, testing planning, advisory and reporting. As part of the mandate, the senior manager will analyze and monitor compliance-related audit and regulatory examination issues. This role is responsible for the implementation of final laws, rules and regulatory guidance within GAM Canada. KEY ACCOUNTABILITIES:
- Perform Compliance Control Effectiveness Assessments to determine whether controls properly mitigate the inherent regulatory and privacy risks.
- Manage the Mandate Compliance function supporting GAM Canada, reporting to committees and executives on the status of compliance activities.
- Ensure the completeness and timeliness of the Mandate Compliance function using Charles River as the Order Management System.
- Identify, manage and summarize line of business issues and regulatory reviews and assess their potential impact on GAM Canada.
- Review and write Asset Management policies.
- Report and remediate Compliance Issues currently impacting, or with the potential to impact, GAM Canada and ensure that they are documented and maintained in the Compliance Book of Record (CORE).
- Maintain inventory of regulatory requirements for GAM Canada
- Develop a First Line monitoring and testing plan that aligns with regulatory requirements and expectations and also meets Second Line Compliance standards
- Prepare Governance Reporting (e.g. KRIs, M&T, Issue Monitoring & Reporting, mandate breaches)
- Report status of initiatives to senior management, prepare and deliver reports with appropriate content as well as provide assistance to senior management and keep them informed of issues as necessary.
- Support regulatory examinations and liaise with regulators to support the review as required.
- Work with other areas of the bank to plan and coordinate compliance related activities (e.g. Portfolio Managers, Traders, Product, Operations, Sales & Distribution, Legal, 2nd Line Compliance)
- Participate in committees as required (e.g. Product Oversight Committee, Trading Oversight Meeting, Derivatives Review Meeting)
- Identify and ensure the fulfillment of any compliance-related training needs as appropriate
- Work with different business groups to understand the impact of regulatory change on their business; perform gap analysis to identify process changes required to comply with new requirements
- Execute special BMO enterprise wide initiatives as requested by the Head, Global Business Unit Compliance & Control.
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- Bachelor's Degree required, industry certification or designations are pluses (CFA, MBA or advanced degree is favorable)
- 10+ years or more experience in Asset Management performing a compliance related function
- In depth knowledge of National Instruments (e.g. NI 81-102, NI 31-103, NI 81-107, etc.)
- 1 year or more in people management and leadership is preferred
- Highly attentive to detail with strong problem solving abilities
- Understanding of regulatory compliance and its role within a broader risk management framework
- Knowledge of Charles River and/or other order management systems (e.g. Bloomberg)
- Strong verbal and written communication skills, and demonstrated ability to prepare concise, accurate reports for management
- Ability to present to senior management and management committees
- Strong computer skills using Microsoft Word, Excel, Power Point and other standard database tools
- Ability to multi-task, work independently, prioritize workload and meet deadlines
- Highly capable of collaborating and fostering relationships within the Business and with cross-functional working groups
- Strong project management and organizational skills
At BMO we have a shared purpose; we put the customer at the centre of everything we do - helping people is in our DNA. For 200 years we have thought about the future-the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we're changing the way people think about a bank.
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://bmocareers.com .
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.