Senior Compliance Officer, Regulatory Compliance Testing

Assists in the implementation, maintenance and administration of a specific compliance program. Coordinates and performs risk assessment, monitoring, testing and surveillance activities to ensure program remains current and aligned with BMO Compliance Program. 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. Develops and maintains compliance information for analysis and reporting. Achieves compliance goals by maintaining current knowledge of regulatory requirements and developments. Maintains functional and regulatory expertise specific to business group, and refers to Compliance Policies & Procedures manuals for requirements. 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 conducts risk assessments to identify regulatory, operational, and control risks

+ 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.

+ Performs and/or effectively challenges monitoring and testing activities to ensure regulatory compliance controls are operating and aligned to regulatory requirements. Supports root cause analysis in response to material control failures in business/group.

+ Clearly documents evidence of testing activities to facilitate ease of reperformance and adherence to internal documentation policies and requirements.

+ Leads testing engagements and projects; analyzes results; and communicates findings, recommendations, and status updates to management through written reports

+ Applies professional skepticism in the execution of the assigned work and ensures open lines of communication.

+ Builds and maintains effective professional relationships with stakeholders including first line of defense business/groups and second line of defence business partners.

+ Provides advice and guidance to assigned business/group on implementation of solutions aligned to regulatory risk appetite based on an understanding of business operations and stakeholder needs.

+ Identifies and advises on emerging issues and trends to inform decision-making.

+ Performs and/or effectively challenges monitoring and testing activities to ensure regulatory compliance controls are operating and aligned to regulatory requirements.

+ Analyses and reports on compliance data, and related data to gain insights on regulatory risk.

+ Performs monitoring and testing activities to ensure regulatory compliance controls are operating and aligned to regulatory requirements.

+ Supports root cause analysis in response to control and/or regulatory failures in business/group.

+ 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.

+ 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.

+ Analyzes and reports compliance information to Compliance and business/group management.

+ Develops and maintains a high level of expertise in all regulations, directives…