Vice President, Regulatory Transformation

Job Description

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

We are seeking a Vice-President, Regulatory Transformation with a strong understanding of the Capital Markets’ regulatory landscape to join our Regulatory Transformation (RT) team.

RT is part of the Capital Markets Office of the Chief Operating Officer (OCOO) and as a key business partner plays a pivotal role in driving strategic execution of regulatory change and new products implementation across BMO Capital Markets, partnering closely with front-office business units, functional stakeholders, and the broader Capital Markets Initiatives & Project Delivery organization. RT sponsors and manages a central portfolio view of emerging regulatory developments, leads proactive preparation for upcoming changes, and drives business impact analysis through to the end-state target control environment.

It also supports the launch of new products or trading activity by advising on current live and new upcoming regulatory considerations. As a Vice-President on the RT team, you will contribute to regulatory changes by working with RT’s team to support business compliance with new and changing regulatory requirements.
Responsibilities and Duties
This role requires you to:

Lead business impact and gap analysis between current operating models and new regulatory requirements

Identify and facilitate detailed client and Front Office (FO) processes’ impacts: client flows and outreach requirements, FO communications, FO product, trade surveillance and business conduct

Drive the creation of Capital Markets Regulatory Target Operating Model including core business and technology capabilities, roles and responsibilities, operating capacities and how the operating groups strategically organize to achieve compliance in line with business priorities

Assist in the deployment appropriate methodologies and governance tools, to drive the timely delivery of analysis and agreed solution approach (operational and technology driven

Have a strong understanding of Capital Markets and build relationships senior stakeholders

Support business engagement and strategic cross divisional discussions on regulatory change matters

Assist in the development and delivery of impactful communications and presentations to cross-functional team members and stakeholders (business and IT), regulators, and senior management committees

Qualifications and Skills
Core Requirements

University degree and 5+ years of experience in management consulting or related field in financial services with active involvement in new regulation assessments and implementations

Strong understanding of global securities and derivatives regulatory frameworks including, for example, CFTC, SEC, CSA, and EU.

Strong understanding of the financial product lifecycle: origination, primary market, secondary market and the associated business activities such as settlement, risk management, operations & accounting

Proven track record managing large-scale, complex programs in a global environment, including Agile transformation initiatives.

Soft Skills

Strong analytical and critical thinking skills to assess information, evaluate risks, and make informed judgments. Can approach problems from multiple perspectives and demonstrate sound reasoning.

Excellent oral and written communication skills; including the ability to understand and effectively communicate relevant industry regulations, impacts and implementation solutions to the business

A high level of professionalism, ethics and integrity

Nice to Have’s

CSC, FINRA Series 7 or similar qualifications

Project management certifications and / or equivalent experience

Compensation
:

The base salary range for this role based in Toronto, with a hybrid model (currently expected to be in a minimum of 4-days) is $115,000 to 130,000 CAD.

Salary:

Pay Type:

Salaried The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and…