Compliance Monitoring & Testing Manager H/F

Audit, Risk & Compliance

Leads a team that assists in the implementation, maintenance and administration of the Canadian Personal & Business Banking compliance program. Coordinates and performs risk assessment, monitoring, testing and surveillance activities to ensure program remains current and aligned with BMO's Enterprise Compliance Program requirements. Contributes to business/group results by providing oversight and making recommendations that significantly impact the Bank's ability to minimize operational risk and align with regulatory expectations.

Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.

Provides advice and influences business on implementation of solutions aligned to regulatory risk appetite based on an understanding of business operations and stakeholder needs.

Consults on new products, services and automated systems to assist with incorporating compliance requirements into these initiatives.

Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

Analyses/reviews and reports compliance data and associated data to Compliance and business/group management.

Leads/participates in the design, implementation and management of core business/group processes.

Provides input to business/group on emerging risks, regulatory developments and interpretation of regulations.

Conducts and/or effectively challenges risk assessments for business/group and assists to identify more effective compliance controls.

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

Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution.

Ascertains training needs and helps develop training based on gaps identified through the compliance monitoring and testing.

Identifies enhancements to business group compliance tools and processes and communicates to required stakeholders.

Assists business group management in communicating and implementing changes to applicable regulatory policies and procedures.

Represents the Compliance team and interacts with examiners/auditors during internal, external and regulatory audits and examinations.

Operates effectively within a high stress environment with constantly changing expectations and regulatory & audit scrutiny.

Typically 8+ years of relevant experience and a post-secondary degree in related field of study or an equivalent combination of education and experience.

Detail oriented, with strong communication, critical thinking, relationship management and project management skills.

Recognized compliance certificate is a plus.

Experience at regulatory body for one or more compliance areas is a plus.

Data driven decision making - In-depth / Expert.

Salaries for part-time roles will be pro-rated based on number of hours regularly worked. 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. It calls on us to create lasting, positive change for our customers, our communities and our people. 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.

Accommodations are available on request for candidates taking part in all aspects of the selection process. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.