Branch Supervision Specialist, Private Wealth
BMO · Toronto, Canada · 1d ago
Application Deadline:
Address:
100 King Street WestJob Family Group:
BMO Private Wealth brings together one of Canada's leading wealth management businesses, serving affluent, high-net-worth, and ultra-high-net-worth clients through a comprehensive suite of investment, banking, trust, and wealth planning solutions. Within BMO Nesbitt Burns, our Investment Advisors and branch teams support clients in achieving their financial goals through personalized advice and sophisticated wealth management strategies. As part of the Branch Supervision team, you will play a critical role in maintaining the integrity of our business, supporting regulatory oversight, protecting clients, and enabling advisors to operate within a strong culture of risk management and compliance.
The Branch Supervision Specialist supports sales supervision activities and regulatory activities for designated private wealth branches to meet all regulatory requirements.
- Evaluates the strength and effectiveness of supervision and adoption of policies, processes at the branch level and develops actions plans to improve supervision.
- Acts as a designee on supervision objectives for the branch.
- Provides ongoing supervision education to assigned branch / portfolio.
- Provides support and guidance to branch employees on supervision issues.
- Conducts independent analysis and assessment to resolve strategic issues.
- Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
- Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
- Provides approvals for new and updated account, trade transactions and trade amendments.
- Conducts reviews of insiders, social media, and outgoing correspondence.
- Acts as an escalation point for supervision issues/concerns within the branch.
- Manages the registration requirements as required by regulators/ legislation.
- Provides input into the planning and implementation of operational programs.
- Leads/participates in the design, implementation and management of core business/group processes.
- Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences.
- Performs required supervision reviews (delegated tasks) such as Global Relay Email Review, Gateway Message Review, Daily Trade Review, Monthly Activity Review, Quarterly Meridian Report Review, Outstanding Documentation Review. Query and Request for Information (RFI) and follows up on outstanding issues.
- Performs supervision activities to meet regulatory requirements and maintain service level standards.
- Builds effective relationships with internal/external stakeholders.
- Ensures alignment between stakeholders.
- Follows through on risk and supervision processes and policies to ensure we safeguard our customers’ assets, maintain their privacy, act in their best interests, and ensure an effectively run function.
- Protects the Bank's assets and complies with all regulatory, legal and ethical requirements.
- Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
- Exercises judgment to identify, diagnose, and solve problems within given rules.
- Works independently on a range of complex tasks, which may include unique situations.
- Broader work or accountabilities may be assigned as needed.
- Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.
Qualifications:
- Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
- Knowledge of all supervision and industry regulations – In-depth.
- Must meet the licensing and certification requirements for the branch / jurisdiction where the mandate is being fulfilled.
- Chartered Investment Manager (CIM) or Chartered Financial Analyst (CFA) designation preferred.
- Technical proficiency gained through education and/or business experience.
- CIRO registrant in good standing and meets proficiency requirements to supervise IRs, RRs, Securities, and Options (Retail) (required).
- Verbal & written communication skills - In-depth.
- Collaboration & team skills - In-depth.
- Analytical and problem solving skills - In-depth.
- Influence skills - In-depth.
- Data driven decision making - In-depth.
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.