Senior Compliance Officer, Regulatory Compliance Testing

Final date to receive applications:

Address:
320 S Canal Street

Job Family Group:
Audit, Risk & Compliance

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.

• 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.

$81,400.00 – $

Salaried

The above represents BMO Financial Group’s pay…