Compliance Officer

100 King Street West Toronto Ontario,M5X 1A1

**This is an 18 month contract position**

**MANDATE**

Reporting to Senior Manager Retail Compliance, the Compliance Officer is to aid in executing the management of all regulatory compliance and risk management for BMO Nesbitt Burns (BMO NB). The Compliance Officer is responsible for ensuring that the regulatory compliance requirements are met on a daily and monthly basis by ensuring the daily and monthly head office supervision of client trading activity is completed within specified timeframes including PRO trading activity. Supporting the IIROC Dealer Member retail business, the emphasis is on reviewing for issues such as suitability of trades, insider trading, artificial pricing, manipulative and deceptive methods of trading etc.

**ACCOUNTABILITIES**
- Ensure the daily and monthly head office supervision of client trading activity is completed within specified timeframes including PRO trading activity. In a suitability environment, emphasis is on reviewing for issues suitability of trades, insider trading, artificial pricing, manipulative and deceptive methods of trading etc.
- Assist, provide feedback and reviews of various reports for BMO NB regarding such issues as high closing, AML, Managed Portfolio reports, Insiders.
- Review the daily transaction report for suspicious transactions with respect to the Anti-Money Laundering and Terrorist Financing regulations.
- Provide guidance and support to BMO NB Sales and Operations in meeting regulatory requirements and following internal policies and procedures.
- Assist the Client Documentation department with reviews of documentation in such instances as Trusts and Estates to ensure BMO NB accounts are properly documented and a clear understanding is established for the proper operation of the account.
- Provide constructive input with regard to new products and initiatives from a regulatory perspective.
- Identify gaps in policies and procedures which may have a regulatory impact and participate in the formulation of new policies and procedures to meet changes to industry rules and regulations.
- Lead working groups on implementation of new Policy & Procedures.
- Participate in internal as well as industry meetings and/or sub-committees, especially those which involve new rules, regulations or initiatives that will affect the Policy and Procedures of BMO NB. Involvement will require developing a detailed knowledge of the issue(s) in question and existing processes.
- Be aware of the importance of issues such as privacy, anti-money laundering/terrorist financing suspicious activities, fraudulent activities, and cross border issues and constantly refine BMO NB’s P&P to adhere to the strict requirements.
- Follow up on enterprise initiatives for BMO NB such as AML Training and Privacy.
- Participate in special projects as needed.

KNOWLEDGE AND SKILLS

**Knowledge**:

- Successful completion of courses such as the Canadian Securities Course, Conducts and Practice Handbook.
- The Derivatives Fundamentals Course and Branch Managers Course is an asset.
- Must have a thorough understanding of IIROC/UMIR rules
- Two years’ experience in a securities compliance environment is preferred.
- Working knowledge in trade surveillance systems such as Actimize, SMARTS etc.

**Skills**:

- Analytical skills and good judgement are extremely important.
- Must possess excellent negotiation skills.
- Must be organized and be able to work to very tight time schedules
- Excellent oral and written communication skills
- Good conflict resolution and interpersonal skills.
- Ability to work in a fast-paced and changing environment.
- Must be able to work independently and be a self-starter.

**Salary**:
$60,000.00 - $111,700.00

**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 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.

**About Us**

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