Senior Compliance Manager (Volcker Rule Compliance Office) - BMO Financial Group - Toronto, ON

Key Accountabilities:
Volcker Rule Metrics Development and Reporting Oversight (50%)

• Maintain current, in-depth knowledge of Volcker Rule Metrics as well as current leading practices, standards and regulatory requirements of Volcker Rule compliance programs, including metrics reporting, metrics generation methodologies, and metrics issues management and apply them as appropriate to BMO’s Volcker Rule Metrics Program.


• Manage the development and maintenance of Volcker Rule Metrics policies, procedures and minimum documentation standards


• Provide oversight over Volcker Rule Metrics development and ongoing enhancements


• Coordinate communication between the Volcker Rule Compliance Office (VCO) and all metrics stakeholders.


• Monitor BMO’s Volcker Rule Metrics and design and develop comprehensive reports for working groups, senior management and regulatory agencies as required


• Maintain collaborative working relationship with other second line BMO risk management partners to ensure the metrics related aspects of BMO’s Volcker Rule Compliance Program is appropriately integrated into the Enterprise’s overall risk management program.


• Maintain close working relationships with Volcker Rule Metrics subject matter experts in jurisdictions where the organization operates.


• Establish key risk indicators related to Volcker Rule Metrics to measure the effectiveness of the Volcker Rule Compliance Program.

Regulatory and Leadership Consultation (25%)

• Demonstrate confident leadership, sound judgment, creativity, a practical approach and commitment to achieving excellence in compliance risk management and the ability to do so on the basis of a risk-based model.


• Serve as one of the key contacts for the Volcker Rule’s regulators on Volcker Rule Metrics related matters on behalf of the Volcker Rule Compliance Office.


• Lead the design and creation of comprehensive reports and scorecards regarding the effectiveness of the Volcker Rule Compliance Program, including KRI and KPI trend analysis, for working groups and senior management.


• Provide advisory services on Volcker Rule Metrics matters to Operating Group management and Compliance


• Develop and maintain strong relationships with executives and senior management of LOBs across enterprise operations. Collaborate with senior management to promote understanding of Volcker Rule Metrics identified risks, regulatory requirements and their impact upon operations.


• Escalate potential issues and exception items noted during the review process to senior management for discussion and further investigation if deemed necessary.


• As required participate in Volcker Rule Metrics related forums. This may include presenting for the broader Compliance Senior Leadership on strategy, methodologies, implementations, or effectiveness of programs.

Regulatory Governance (25%)

• Maintain current, high level knowledge of the Volcker Rule.


• Support the U.S. Chief Compliance Officer and Enterprise Head of the Volcker Rule Compliance Office by identifying and escalating appropriate Volcker Rule Metrics related issues, supporting regulatory conversations and recommendations and providing expertise as required about the Volcker Rule Compliance Program.


• Assist the U.S. Chief Compliance Officer and Enterprise Head of the Volcker Rule Compliance Office with developing regular Volcker Rule updates for Compliance Senior Leadership on the status of compliance risk management programs and provide analysis and assistance in the development of any solutions required to support effective management.


• As requested, provide input to the Compliance Senior Leadership team on key Volcker Rule decisions that support the management of compliance within the enterprise.

Qualifications

Bachelor degree, graduate degree preferred, in math, statistics, risk, finance or related field of study, with related compliance certifications a plus

Minimum of 5-7 years in an analytics monitoring function or other risk management experience, with knowledge of BMO’s Volcker Rule Compliance Program a plus

Expertise in Excel Statistics Package, with SQL knowledge a plus

Strong communication, analytics, presentation, project management skills

Sound judgement, relationship management, and negotiation skills

Proficient knowledge of risk and applicable regulatory requirements

At our company, we have been helping our customers and communities for over 195 years. Working with us means being part of a team of talented and passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.

To find out more visit our website at

www.bmo.com/careers

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BMO Financial Group is committed to an inclusive, equitable and accessible workplace. By embracing diversity, we gain strength through our people and our perspectives. We welcome and encourage applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

Job

Compliance

Primary Location

Canada-Ontario-Toronto

Organisation

LCCG-X000076

Schedule

full-time

Job Posting

07/29/16

Unposting Date

08/28/16