Compliance Testing Officer

Audit, Risk & Compliance

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.

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

Builds effective professional relationships with business line, other internal/external stakeholders and regulators on the initial stages of investigations.

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 compliance regulatory compliance controls are operating 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.

Analyses and reports compliance information to Compliance and business/group management.

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 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.

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

Advises first line of defense management and employees on compliance matters.

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

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

Provides regulatory perspective on business group's sales and marketing materials.

Anticipates/ identifies and analyses risk and consequences of unaddressed risk factors/ compliance gaps, and recommends appropriate controls.

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

Accesses, monitors and reports on sensitive Bank, customer, transactional and employee information to ensure compliance with regulatory requirements.

Communicates the roles and importance of each of the three lines of defense, and proactively identifies regulatory risk.

Typically between 3 - 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

Recognized compliance certificate or equivalent preferred.Proficient level of knowledge of a compliance field.

Proficient in communication, critical thinking, relationship management and project management skills.

Technical proficiency gained through education and/or business experience.

Data driven decision making - In-depth.

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.