Senior Compliance Officer, Regulatory Compliance Testing

Job description

Assists in the implementation, maintenance and administration of a specific compliance program.

Responsible for independently performing risk assessments, and developing, executing, and reporting on test procedures to ensure compliance with regulations and internal policies.

Works with business/group and internal partners to ensure regulatory, corporate and fiduciary obligations are met.

Advises business/group on implications of new regulatory developments or internal products and assists to implement new/revised policies and programs to address them.

Identifies risks and implements appropriate actions to mitigate them.

Contributes to business/group results by providing oversight and making recommendations that significantly impact the Bank’s ability to monitor regulatory compliance programs, minimize operational risk and align with regulatory agencies.

+ Independently develops and executes comprehensive test plans and procedures for outcome and oversight testing and may lead and review other testers in the execution of test plans.
+ Clearly documents evidence of testing activities to facilitate ease of reperformance and adherence to internal documentation policies and requirements.
+ Provides advice and guidance to assigned business/group on business process design and supports risk management activities based on an understanding of business operations and stakeholder needs.
+ Performs and/or effectively challenges monitoring and testing activities to ensure regulatory compliance controls are operating and aligned to regulatory requirements.
+ Applies professional skepticism in the execution of the assigned work and ensures open lines of communication.
+ Builds effective professional relationships with business group, internal/external stakeholders and trust with regulators.
+ Analyzes and reports compliance information and testing outcomes to Compliance and business/group management, including recommending changes to applicable business processes, policies, and procedures.
+ Develops and maintains positive working relationships with team members and management and builds effective professional relationships with business group leadership and other internal/external stakeholders.
+ Supports root cause analysis in response to material control failures in business/group.
+ Identifies, assesses, effectively challenges and oversees the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation.
+ Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution.
+ Advises first line of defense management and employees on compliance matters.
+ Exercises sound professional judgment to identify, diagnose, and solve problems within given rules or tasks.
+ Understand and interpret regulatory requirements and internal policies.
+ Works independently on a range of tasks including department or program initiatives.

**Qualifications:**

+ Typically, minimum 6 years of relevant experience and degree in related field of study or an equivalent combination of education and experience.
+ Recognized CIA certification or equivalent preferred.
+ Strong process analysis, risk and control identification, and testing capabilities
+ Strong knowledge of second line and/or business operations & procedures, and activities involving documented practices.
+ Proficient in project management skills.
+ Verbal & written communication skills - In-depth.
+ Collaboration & relationship management skills - In-depth.
+ Analytical and problem-solving skills - In-depth.
+ Negotiation skills and ability to influence - In-depth.

**Salary:**

$81,400.00 - $151,800.00

**Pay Type:**

Salaried

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/us/en

BMO is proud to be an equal employment opportunity employer.

We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics.

We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities.

If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

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.

Required Skill Profession

Other General