Manager, Business Compliance

3 months ago

Toronto, Canada BMO Financial Group Full time

100 King Street West Toronto Ontario,M5X 1A1

**General**:
This role:

- Executes First Line compliance monitoring, reporting and control execution.
- Manages/supports large/complex compliance programs/frameworks /projects/initiatives to ensure compliance risks are appropriately identified, risk assessed, mitigated and regulations adhered to.
- Supports the implementation of final laws, rules, and regulatory guidance within GAM Canada.
- Supports business change by assessing the impact to regulatory compliance and associated monitoring.

**Key Accountabilities**:
**Mandate Compliance**:

- Execute the Mandate Compliance function including automated pre and post trade alert/warning monitoring using the Charles River Order Management System.
- Coding mandate compliance rules associated with new and/or updated fund/account information.
- Execute manual monitoring of regulatory and/or fund/account requirements.
- Reviewing annual prospectus renewal information and assessing the impact of changes to the monitoring executed.

**Personal Trade Monitoring**:
Manages and executes the personal trade monitoring program using the Personal Trading Application (PTA) including:

- On boarding and offboarding GAM access persons to PTA
- Reviewing pre-clearance trade submissions and breaches
- Reviewing external broker statements
- Managing the annual certification of accounts by GAM access persons
- Providing quarterly reporting to the Chief Compliance Officer (CCO) and the Ultimate Designated Person (UDP) on violations and trading volumes

**Gifts & Entertainment (G&E) Monitoring**:

- Leveraging information in the BMO Enterprise tool, review logged G&E to confirm compliance with limits.
- Report instances where limits have been exceeded to the CCO and UDP

**Liquidity Management**:

- Leveraging methodology provided by GAM Product conduct an annual fund liquidity ranking.
- Leveraging scenarios provided by GAM Product execute annual stress tests and report results to GAM Product

**Filings - Regulatory & Exchange**
- Provide regular TSX reporting required for BMO GAM ETFs
- Prepare Annual SEDAR 45-106 Filings for purchase transactions completed in the exempt market.
- Support 2nd Line Compliance in the completion of the annual OSC Risk Assessment Questionnaire

**Certifications**:

- Work with the Institutional Client Service Team, Investment Team, and Traders to complete regular institutional client compliance certifications.
- Facilitate the annual related registrant identification and filing as required.

**Business Partner Engagement**:

- Supports business leaders in the effective implementation, maintenance, and administration of 1st Line compliance program.
- Work with other areas of the bank to plan and coordinate compliance-related activities including Portfolio Managers, Traders, Product, Operations, Sales & Distribution, Legal, and 2nd Line Compliance.
- Work with the business to review and assess new business initiatives in terms of compliance-related matters/implications.
- Support the business in the terms of new/expanded use of derivatives, assessing the impact on regulatory compliance and associated monitoring.

**Committee Participation**:

- Participate in committees (e.g., Product Oversight Committee) to understand business/product changes/development/launches and provide feedback and guidance on the associated impact on the regulatory and fund/account monitoring executed by the Mandate Compliance team.
- Work with different business groups to understand the impact of regulatory change on their business; perform gap analysis to identify process changes required to comply with new requirements.

**Issue Management**:

- Assess the impact of business issues and regulatory reviews on Mandate Compliance processes and controls.
- Report and remediate Compliance Issues currently impacting, or with the potential to impact, Mandate Compliance monitoring or control execution.

**Reporting**:

- Prepare conflicts of interest related reporting (e.g., principal trading, interfund, related issuer, etc.) for 2nd Line Compliance review and presentation the Investment Review Committee (IRC)

**Regulatory Knowledge**:

- OSC Investment Fund Manager (IFM), portfolio management and trading regulations.
- In-depth knowledge of National Instruments (e.g., NI 81-102, NI 31-103, NI 81-107, etc.)

**Qualifications**:

- Typically, between 3-5 years of years or more experience in Asset Management performing a compliance-related function.
- Post-secondary degree in related field of study or an equivalent combination of education and experience
- Industry certification or designations would be an asset (CFA, MBA, or advanced degree).
- In-depth knowledge of derivatives is an asset.

**General Knowledge/skills**:

- Advanced critical thinking with strong problem-solving abilities.
- High attention to detail.
- Understanding of regulatory compliance and its role within a broader risk management framework.
- Knowledge of Charles Ri

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