Regional Compliance Officer - NBSL
BMO · Toronto, Canada · 1d ago
Application Deadline:
Address:
100 King Street WestJob Family Group:
BMO Private Wealth is part of BMO Financial Group, one of North America’s leading financial institutions. The business operates within a well-established wealth management platform, bringing together a range of specialized teams and capabilities to support consistent, scalable and well-governed operations across the organization.
This role supports the business/group leader in the effective implementation, maintenance and administration of first line of defense (1st LOD) programs (e.g., operational risk, AML, compliance, regulatory, etc.), including overseeing business operations within the jurisdiction to ensure adherence and efficiency. Contributes to a strong risk management culture through collaboration with other first line employees, and second & third line functions to ensure Compliance, AML or operational risks are identified, mitigated, monitored and reported on an ongoing basis.
The successful candidate will play a key role in strengthening the organization's risk management culture by providing advice on regulatory requirements, governance, controls, audits, and policy oversight within a highly regulated environment.
What You'll Do
- Support the implementation, execution, and ongoing enhancement of First Line of Defense (1LOD) risk, compliance, governance, and control programs across multiple business areas within BMO Private Wealth.
- Provide guidance and support to business leaders on regulatory requirements, operational risk, compliance, AML, governance, and internal control matters.
- Monitor regulatory and industry developments, assess impacts to the business, and coordinate the implementation of required changes to policies, procedures, controls, and business practices.
- Lead the review, maintenance, and oversight of business policies, procedures, governance documentation, and control frameworks to ensure alignment with regulatory requirements and enterprise standards.
- Support internal audits, regulatory examinations, independent reviews, and issue remediation activities, including coordinating responses, tracking findings, and monitoring action plans through resolution.
- Partner with stakeholders across the first, second, and third lines of defense to identify, assess, monitor, and mitigate operational, compliance, and regulatory risks.
- Track and report on risk issues, exceptions, exemptions, and remediation activities to support effective governance and ongoing risk management.
- Support the execution of strategic initiatives, regulatory projects, and change management activities, ensuring risks are appropriately considered and mitigated throughout implementation.
- Develop and deliver training, awareness, and communication activities that strengthen employee understanding of risk management requirements and promote a strong culture of compliance and accountability.
- Build strong relationships with business leaders and key stakeholders, providing risk-based advice and recommendations that support effective decision-making and regulatory compliance.
What We're Looking For
- 5-7+ years of experience in Risk Management, Compliance, Operational Risk, AML, Audit, Regulatory Governance, Controls Oversight, or a related discipline within financial services.
- Experience supporting or managing First Line of Defense (1LOD) risk and compliance programs within a regulated environment.
- Strong understanding of risk management frameworks, internal controls, regulatory requirements, and governance practices.
- Experience supporting internal audits, regulatory examinations, policy reviews, issue management, and remediation initiatives.
- Demonstrated ability to assess regulatory requirements, identify gaps, and implement practical, sustainable solutions.
- Strong stakeholder management, communication, and influencing skills, with the ability to work effectively across business, risk, compliance, legal, and audit functions.
- Experience leading or supporting complex projects, regulatory initiatives, or change management activities.
- Wealth Management, Brokerage, Private Wealth, Investment Advisory, or Capital Markets experience is an asset.
- Series 24 (General Securities Principal) licence strongly preferred.
BMO Private Wealth is part of BMO Financial Group, one of North America’s leading financial institutions. The business operates within a well-established wealth management platform, bringing together a range of specialized teams and capabilities to support consistent, scalable and well-governed operations across the organization.
This role supports the business/group leader in the effective implementation, maintenance and administration of first line of defense (1st LOD) programs (e.g., operational risk, AML, compliance, regulatory, etc.), including overseeing business operations within the jurisdiction to ensure adherence and efficiency. Contributes to a strong risk management culture through collaboration with other first line employees, and second & third line functions to ensure Compliance, AML or operational risks are identified, mitigated, monitored and reported on an ongoing basis.
The successful candidate will play a key role in strengthening the organization's risk management culture by providing advice on regulatory requirements, governance, controls, audits, and policy oversight within a highly regulated environment.
What You'll Do
- Support the implementation, execution, and ongoing enhancement of First Line of Defense (1LOD) risk, compliance, governance, and control programs across multiple business areas within BMO Private Wealth.
- Provide guidance and support to business leaders on regulatory requirements, operational risk, compliance, AML, governance, and internal control matters.
- Monitor regulatory and industry developments, assess impacts to the business, and coordinate the implementation of required changes to policies, procedures, controls, and business practices.
- Lead the review, maintenance, and oversight of business policies, procedures, governance documentation, and control frameworks to ensure alignment with regulatory requirements and enterprise standards.
- Support internal audits, regulatory examinations, independent reviews, and issue remediation activities, including coordinating responses, tracking findings, and monitoring action plans through resolution.
- Partner with stakeholders across the first, second, and third lines of defense to identify, assess, monitor, and mitigate operational, compliance, and regulatory risks.
- Track and report on risk issues, exceptions, exemptions, and remediation activities to support effective governance and ongoing risk management.
- Support the execution of strategic initiatives, regulatory projects, and change management activities, ensuring risks are appropriately considered and mitigated throughout implementation.
- Develop and deliver training, awareness, and communication activities that strengthen employee understanding of risk management requirements and promote a strong culture of compliance and accountability.
- Build strong relationships with business leaders and key stakeholders, providing risk-based advice and recommendations that support effective decision-making and regulatory compliance.
What We're Looking For
- 5-7+ years of experience in Risk Management, Compliance, Operational Risk, AML, Audit, Regulatory Governance, Controls Oversight, or a related discipline within financial services.
- Experience supporting or managing First Line of Defense (1LOD) risk and compliance programs within a regulated environment.
- Strong understanding of risk management frameworks, internal controls, regulatory requirements, and governance practices.
- Experience supporting internal audits, regulatory examinations, policy reviews, issue management, and remediation initiatives.
- Demonstrated ability to assess regulatory requirements, identify gaps, and implement practical, sustainable solutions.
- Strong stakeholder management, communication, and influencing skills, with the ability to work effectively across business, risk, compliance, legal, and audit functions.
- Experience leading or supporting complex projects, regulatory initiatives, or change management activities.
- Wealth Management, Brokerage, Private Wealth, Investment Advisory, or Capital Markets experience is an asset.
- Series 24 (General Securities Principal) licence strongly preferred.
Salary:
Pay Type:
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.