Compliance Specialist

BMO; Toronto; On-site; CAD 74,000 - 139,000; Full time

Job summary

Join BMO as a Compliance Specialist to oversee the compliance program, assess risks, and ensure adherence with regulatory obligations. The role involves collaboration with internal and external stakeholders to implement and evaluate compliance measures, aiming to enhance the bank's operational integrity and compliance robustness.

Benefits

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Qualifications

• Minimum of 6 years of relevant experience.
• Detailed knowledge of consumer protection regulations.
• Skilled knowledge of regulatory/compliance operations.

Responsibilities

• Assist in the implementation and maintenance of the compliance program.
• Coordinate and perform risk assessment activities.
• Advise on implications of new regulatory developments.

Skills

Communication

Critical Thinking

Relationship Management

Project Management

Analytical skills

Problem Solving

Data driven decision making

Education

Post-secondary degree in related field

Recognized compliance certificate

Job description

Join to apply for the Compliance Specialist role at BMO

Join to apply for the Compliance Specialist role at BMO

Assists in the implementation, maintenance and administration of the Commercial 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 Bank’s ability to monitor regulatory compliance programs, minimize operational risk and align with regulatory agencies.

• Advises business/group on implementing solutions aligned with regulatory risk appetite, based on operational understanding and stakeholder needs.
• Serves as primary support for the Complaint Handling program.
• Consults on new products, services, and systems to embed compliance requirements.
• Influences the design of effective regulatory compliance controls that support business goals.
• Identifies emerging issues and trends to inform decision-making.
• Helps prioritize and sequence execution of business/group strategy.
• Builds strong relationships with internal/external stakeholders and regulators.
• Analyzes compliance and related data to identify regulatory risks.
• Oversees development and maintenance of guidelines and procedures for a specific function or region.
• Participates in designing and managing core business/group processes.
• Conducts and challenges risk assessments to improve compliance controls.
• Performs and reviews monitoring/testing to ensure controls meet regulatory standards.
• Supports root cause analysis for material control failures.
• Oversees issue resolution, including remediation planning and validation.
• Escalates high-profile risks to Compliance and business/group leadership.
• Reports compliance insights to Compliance and business/group management.
• Maintains expertise in applicable regulations and guidance.
• Advises on emerging risks and regulatory developments.
• Identifies training needs and supports development of targeted training.
• Recommends enhancements to compliance tools and processes.
• Assists in communicating and implementing regulatory policy changes.
• Represents Compliance in audits and regulatory examinations.
• Reviews sales and marketing materials for regulatory alignment.
• Anticipates and analyzes compliance gaps, recommending appropriate controls.
• Operates effectively under high-pressure, high-scrutiny environments.
• Monitors sensitive data to ensure regulatory compliance.
• Promotes understanding of the three lines of defense and proactively identifies risks.
• Provides specialized consulting, analysis, and technical support.
• Exercises sound judgment to resolve non-routine issues independently.
• May take on broader responsibilities as needed.
  

Qualifications:

• Typically minimum of 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Recognized compliance certificate or equivalent preferred.
• Detailed knowledge of consumer protection regulations and related marketing and advertising guidelines.
• Skilled knowledge of regulatory/ compliance requirements and the operations of a single client group.
• Strong communication, critical thinking, relationship management and project management skills.
• Deep knowledge and technical proficiency gained through extensive education and business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.
  
  
  

Salary:

$74,800.00 - $138,600.00

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.

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

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 https://jobs.bmo.com/ca/en

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.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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