Vice President, Regulatory Transformation – Capital Markets

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BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

We are seeking a Vice President with a strong understanding of the regulatory landscape, deep knowledge of Capital Markets, and a law degree to join our Regulatory Transformation (RT) team.

RT is part of the Capital Markets Office of the Chief Operating Officer (OCOO) and plays a critical role in driving regulatory change that supports business growth, client needs, strategic priorities, and long-term value creation. The team sponsors and manages a central portfolio view of emerging regulatory requirements, leads proactive preparation for upcoming changes, and leads business impact analysis through to the end-state target control environment.

As a Vice President on the RT team, you will drive regulatory advocacy and interpret new regulatory requirements. As well as create target operating model, risk based solutioning, implementation, and transition to target state.

Responsibilities and Duties

Reporting into Director, CM RT, this role will be responsible for:

• Contribute to identifying in-scope emerging regulatory changes applicable to BMO CM. Streamline management reporting to provide a comprehensive summary of RT's North American change portfolio
• Lead business impact and gap analysis between current operating models and new regulatory requirements
• Identifies and facilitates detailed client and Front Office (FO) processes' impacts: client flows and outreach requirements, FO communications, FO product, trade surveillance and business conduct
• Collaborate with various stakeholders to drive regulatory advocacy and thought leadership efforts on a cross-jurisdictional basis
• Lead interpretation working groups to drive consensus of new regulatory requirements
• Drive the creation of Capital Markets Regulatory Target Operating Model including core business and technology capabilities, roles and responsibilities, operating capacities and how the operating groups strategically organize to achieve compliance in line with business priorities
• Drive digital and data regulatory solutions and interpretation with a focus on automated controls, data quality and eliminating manual and inconsistent processes around regulatory workflows, and internal business processes 
• Provides leadership, training, coaching, and guidance to team members and impacted stakeholders
• Develops and deliver impactful communications and presentations to cross-functional team members and stakeholders (business and IT), regulators, and senior management committees

Qualifications and Skills

The ideal candidate will be a self-starter, industrious, pragmatic-yet strategic, and able to achieve results with indirect authority.  He/she should be comfortable working with team members & stakeholders located across the globe.  The candidate will be a strong team player capable of building strong relationships.  He/she should have superior communication skills, both verbal and written, and excel in their ability to explain complex business and/or technical concepts to stakeholders across a wide spectrum of business areas.

Core Requirements

• A university degree (preferably in law, though will consider engineering, finance, business management, or similar)
• 4+ years' demonstrated work experience within a Legal, Investment Banking, Asset Management or Fintech environment
• Strong understanding of global securities and derivatives regulatory frameworks including, for example, CFTC, SEC, CSA, and EU.
• A strong knowledge of Capital Markets financial instruments, including, but not limited to derivative products to cash products
• Understanding of the financial product lifecycle: origination, primary market, secondary market and the associated business activities such as settlement, risk management, operations & accounting
• Understanding of market, credit, and operational risk frameworks
• Strong understanding of electronic trading platforms and ecosystem: algorithmic trading, market making, high-frequency trading.
• Demonstrated experience/knowledge of regulatory obligations for electronic trading: pre-trade transparency, best interest, best execution, post-trade transparency

Soft Skills

• Strong analytical and critical thinking skills to assess information, evaluate risks, and make informed judgments. Can approach problems from multiple perspectives and demonstrate sound reasoning.
• Excellent oral and written communication skills; including the ability to understand and effectively communicate relevant industry regulations, impacts and implementation solutions to the business
• Ability to clearly synthesize and communicate complex problems, concepts and regulatory risk solutions to individuals at all levels of the business
• Flexibility to quickly react to changing demands, ability to prioritize and work well under pressure
• Willingness to ask questions, challenge the process and seek out answers
• Ability to work independently, multi-task, take ownership and drive strategy
• A high level of professionalism, ethics and integrity

Nice to Have's

• Project management certifications and / or equivalent experience
• CSC, FINRA Series 7 or similar qualifications

The salary range for this role is $110,000 up to $125,000 CAD (subject to negotiation and subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

Salary:

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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: 

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 you gain valuable experience, and broaden your skillset.

To find out more visit us at

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.