Compliance Control Testing Specialist, Wealth

Application Deadline :

12 / 07 / 2024

Address : 100 King Street West

100 King Street West

Job Family Group : Business Management

Business Management

Deliver on components of the 1LOD testing plans for Wealth LOBs' in accordance with the Enterprise Compliance Program and Operational Non-Financial Risk Framework

• Execute the 1LOD testing program for the Wealth LOBs and documenting results, outcomes as required.
• Understand Enterprise Compliance Program and Operational Non-Financial Risk methodology.
• Design and implement specific monitoring and testing procedures for each applicable area of review, which may include development of new monitoring and testing scripts.
• Understand Wealth business processes across multiple entities across North America
• Understand controls that support regulatory compliance and manage other sources of ONFR.
• Access and update the enterprise compliance book of record GRCE
• Communicate M&T identified issues to the businesses, 1LOD Compliance Advisory, 2LOD Compliance, 2LOD Risk.
• Raise compliance and control related awareness with the businesses and provide appropriate advice and guidance to mitigate exposures and risk.

For issues identified, provide root cause analysis and recommendations to management.

• Identify opportunities to improve the effectiveness of testing
• Act as a liaison and compliance support to various internal business partners across the Wealth Management businesses.
• Prepare reports and related test results dashboard for various stakeholders including management.

Qualifications :

• 7+ years' experience in a compliance, control testing, or audit role ideally in a dealer and / or portfolio management environment.
• Knowledge and understanding of IIROC rules and regulations applicable to dealer representatives and OSC rules applicable to portfolio managers and investment fund managers.
• Excellent data analysis skills, organizational, analytical and communication skills.
• Exhibit strong planning skills
• Successful completion of the Canadian Securities Course is preferred.
• Working knowledge of information technology tools required including : MS Excel, MS Word and portfolio management or investment industry software.
• Ability to demonstrate effective use of judgment, interpretation, knowledge and skill in the application of regulations and compliance requirements.
• Ability to independently deliver on complex assignments with competing deadlines
• Excellent interpersonal skills and strong written and verbal business communication skills.
• Familiarity with Wealth regulatory requirements (e.g. OSC, IIROC, SEC, OCC, etc.)
• Familiarity with Investment Funds (key regulations include NI 81-102, 81-107, etc.)
• Experience in the planning and execution of testing (e.g. Audit, OSFI E-13, etc.)
• Understanding of risk and controls

Salary :

$68,000.00 - $126,000.00

Pay Type : Salaried

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 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 : : / / jobs.

bmo.com / global / en / Total-Rewards

We're here to help

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 : / / 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.