The core responsibility is to conduct independent Second-Line of defence oversight activities for BMO Nesbitt Burns including compliance monitoring and testing, through the branch review process. The Compliance Officer, Branch Audit will complete their branch reviews as an end to end evaluation of the branch processes. The Compliance Officer also provides education, guidance and support to our business partners in regards to compliance related matters. These activities will require onsite branch reviews across the country; as such the ability to travel is required.
- Conduct branch reviews in a timely manner to assess compliance with regulatory requirements and firm policies. Responsibilities include: scheduling, preparatory work, field work, reporting, analysis and presenting results to management.
- Assist in the maintenance of relevant audit working papers to ensure a meaningful branch review process.
- Prepare draft and final audit reports within the required timeframe.
- Make recommendations to management for improvement based on the analysis of yearly branch review results.
- Keep abreast of changing regulatory requirements and frim policies.
- Providing feedback with regards to new policies and procedures from a regulatory perspective.
- Identify opportunities to increase efficiency throughout the program.
- Participate in department initiatives and projects as required.
- Provide backup and or training for other members of the team as required.
- Assist in carrying out the second line of defence accountabilities through the Enterprise Compliance Program. This includes completion and review of Compliance Issues Management and Monitoring and Testing activities as required.
- Minimum 5 years of experience in a compliance role with an IIROC focus.
- Audit program experience within an IIROC background would be beneficial.
- Canadian Securities Course, Conduct and Practices Handbook, Branch Manager Course required.
- Must have a strong understanding of how the investment/securities industry functions, and be able to apply that knowledge to BMO Nesbitt Burns’ internal processes.
- Good understanding of regulatory requirements and industry rules across Canada.
- Good understanding of trading practices, market structure, risk factors, and general understanding of various securities (e.g. equities, mutual funds, principal protected notes etc.)
- Demonstrated strong computer and technology skills with industry software are required.
- Excellent written and verbal business communication skills are required.
- Must be organized and be able to work within very tight timelines.
- Identify issues and have the ability to defend the rational in an open forum.
- Comfortable to work both independently and within a team environment as required.
- Use strong interpersonal and conflict resolution skills to achieve department goals.
- Willingness to continuously upgrade skills and keep informed of compliance, regulatory changes, and policy updates through ongoing completion of education programs, attending seminars and training sessions provided internally and externally.
- Valid driver’s license as ground travel is required.