Senior Manager, Trade Compliance
Sign up free to see how well your resume matches this role.
What you'll do
- Leads the oversight, execution, and continuous enhancement of the Bank's trade surveillance, compliance governance, and regulatory control framework across Treasury's trading-related activities.
- Responsible for ensuring adherence to applicable regulatory requirements, internal policies, supervisory expectations, and enterprise compliance programs.
- Acts as a central point of coordination for audits, regulatory examinations, compliance reviews, control testing, issue remediation, document management, and governance reporting.
- Develops and maintains a sustainable compliance framework that identifies, assesses, monitors, escalates, and remediates compliance and conduct risks associated with trading activities and supporting operations.
- Maintains knowledge of regulatory requirements and developments, monitors risk, and identifies and corrects possible gaps and weaknesses.
- Identifies and recommends actions based on market trends and regulatory developments.
- Leads regulatory and compliance change initiatives of varying scope and complexity.
- Develops implementation plans for new regulatory requirements and policy changes.
- Serves as the primary liaison with Compliance, Internal Audit, Operational Risk, Legal, Regulators, and senior management stakeholders.
- Represents the business during regulatory examinations, audit reviews, and compliance assessments.
- Leads execution of enterprise-wide compliance and surveillance strategies.
- Develops and implements sustainable governance and control frameworks supporting trading activities.
What they're looking for
- Typically 9+ years of experience in Compliance, Trade Surveillance, Market Risk, Trade Operations, Regulatory Affairs, Internal Audit, or Capital Markets Controls.
- Deep understanding of trading products, markets, lifecycle processing, and trading operations.
- Strong working knowledge of front-to-back trade flows across Treasury, Capital Markets, Fixed Income, FX, Derivatives, Securities Financing, and Liquidity Management activities.
- Experience managing regulatory examinations, internal audits, compliance reviews, and remediation programs.
- Experience with surveillance systems, exception management processes, and conduct-risk monitoring frameworks.
- Strong knowledge of Volcker Rule, SOX, Regulatory governance framework, risk & control framework, market conduct requirements, trading supervision obligations.
- Post secondary Accounting, Finance, Mathematics or related degree.
- Verbal & written communication skills - In-depth / Expert.
- Analytical and problem solving skills - In-depth / Expert.
- Influence skills - In-depth / Expert.
- Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
- Able to manage ambiguity.
Nice to have
- Finance / business experience with risk management and working knowledge of derivatives preferred.
- Exposure to one or more of the following: risk management, financial market instruments, trading and derivative operations, risk systems, hedge accounting, risk management related to asset liability / treasury.
Summarised by NextRaise from the employer’s description, which follows in full below.
Full description from employer
Application Deadline:
Address:
100 King Street WestJob Family Group:
Leads the oversight, execution, and continuous enhancement of the Bank's trade surveillance, compliance governance, and regulatory control framework across Treasury's trading-related activities.
Responsible for ensuring adherence to applicable regulatory requirements, internal policies, supervisory expectations, and enterprise compliance programs. Acts as a central point of coordination for audits, regulatory examinations, compliance reviews, control testing, issue remediation, document management, and governance reporting.
Develops and maintains a sustainable compliance framework that identifies, assesses, monitors, escalates, and remediates compliance and conduct risks associated with trading activities and supporting operations.
Maintains knowledge of regulatory requirements and developments, monitors risk, and identifies and corrects possible gaps and weaknesses. Identifies and recommends actions based on market trends and regulatory developments.
Leads regulatory and compliance change initiatives of varying scope and complexity.
Develops implementation plans for new regulatory requirements and policy changes.
- Serves as the primary liaison with Compliance, Internal Audit, Operational Risk, Legal, Regulators, and senior management stakeholders.
- Represents the business during regulatory examinations, audit reviews, and compliance assessments.
- Leads execution of enterprise-wide compliance and surveillance strategies.
- Develops and implements sustainable governance and control frameworks supporting trading activities.
- Recommends strategic priorities to strengthen regulatory compliance and control effectiveness.
- Leads remediation programs arising from audits, regulatory reviews, compliance assessments, or identified control deficiencies.
- Identifies emerging regulatory developments, enforcement trends, and industry practices; recommends enhancements to governance frameworks and surveillance programs.
- Acts as a subject matter expert on relevant regulations and policies.
- May network with industry contacts to gain competitive insights and best practices.
- Supports development of corporate standards, operating principles, and guidelines in conjunction with market risk, business, and finance stakeholders.
- Monitors market and regulatory developments to assess impacts to strategies, programs, and plans.
Qualifications:
- Typically 9+ years of experience in Compliance, Trade Surveillance, Market Risk, Trade Operations, Regulatory Affairs, Internal Audit, or Capital Markets Controls.
- Deep understanding of trading products, markets, lifecycle processing, and trading operations.
- Strong working knowledge of front-to-back trade flows across Treasury, Capital Markets, Fixed Income, FX, Derivatives, Securities Financing, and Liquidity Management activities.
- Experience managing regulatory examinations, internal audits, compliance reviews, and remediation programs.
- Experience with surveillance systems, exception management processes, and conduct-risk monitoring frameworks.
- Strong knowledge of Volcker Rule, SOX, Regulatory governance framework, risk & control framework, market conduct requirements, trading supervision obligations.
- Post secondary Accounting, Finance, Mathematics or related degree.
- Finance / business experience with risk management and working knowledge of derivatives preferred.
- Exposure to one or more of the following: risk management, financial market instruments, trading and derivative operations, risk systems, hedge accounting, risk management related to asset liability / treasury.
- Seasoned professional with a combination of education, experience and industry knowledge.
- Verbal & written communication skills - In-depth / Expert.
- Analytical and problem solving skills - In-depth / Expert.
- Influence skills - In-depth / Expert.
- Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.
- Able to manage ambiguity.
- Data driven decision making - In-depth / Expert.
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.
Company
Company facts come from this company's own listings. We only show what the postings themselves carry.