Director, Compliance

New York, NY, United States

The US Capital Markets Compliance Team is seeking a Compliance Director with primary accountability for the Firms Cash Equities Electronic Trading businesses, across two U.S. broker-dealers. The role will include accountability for compliance advisory services, design and execution of surveillance activities, and implementation of additional risk mitigating controls pertaining to the Firms Cash Equities Electronic Trading businesses. The role requires deep expertise of the rules and regulations related to the U.S. Cash Equities markets, including FINRA, SEC, SRO rules and market access regulations. You will provide advice to the LOB including but not limited to sales, trading, and algorithmic development teams regarding rules and regulations. You will also maintain subject matter expertise including but not limited to the Market Access Rule as well as guidance in the equities, electronic trading, algorithmic trading strategies, and direct market access space.

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 Banks ability to monitor regulatory compliance programs, minimize operational risk and align with regulatory agencies.

+ Develops and maintains a high level of expertise in all regulations, directives and guidance which apply to the group(s) supported.

+ 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.

+ Identifies, assesses, effectively challenges and provides oversight on the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation. 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 groups sales and marketing materials.

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

+ Builds effective professional relationships with business/groups.

+ 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.

**Qualifications** :

+ Prior experience with electronic trading, algorithmic trading, and/or direct market access at a regulator/self-regulatory organization and/or broker-dealer is strongly desired.

+ Strong knowledge of U.S. securities rules and regulations; specifically the Market Access Rule (SEC Rule 15c3-5), desired.

+ Series 7, 57, 63, 24 preferred. Recognized compliance certificate or equivalent preferred.

+ Typically 8+ years of relevant experience and a post-secondary degree in related field of study or an equivalent combination of education and experience. Experience with a regulator a plus.

+ Detailed knowledge of consumer protection regulations and related marketing and advertising guidelines.

+ Serves as a specialist resource to senior leaders and stakeholders with advanced knowledge of regulatory/ compliance requirements and the operations of a single or multiple business/groups.

+ May require experience at regulatory body for one or more compliance area(s).

+ Strong communication, critical thinking, relationship management and project management skills.

+ Seasoned professional with a combination of education, experience and industry knowledge.

+ Verbal & written communication skills - In-depth / Expert.

+ Analytical and problem-solving skills - In-depth / Expert.

+ Influence skills - In-depth / Expert.

+ Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.

+ Able to manage ambiguity.

+ Data driven decision making - In-depth / Expert

**Salary:**

$110,000.00 - $204,100.00

**Pay Type:**

Salaried

The above represents BMO Financial Groups 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 Groups expected target for the first year in this position.

BMO Financial Groups 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: https://jobs.bmo.com/global/en/Total-Rewards

**Were here to help**

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. Well 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, well help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/us/en

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each others differences, we gain strength through our people and our perspectives. BMO is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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.