Senior Compliance Officer, Canadian Personal & Business Banking Compliance

Bank of Montreal; Toronto; Hybrid; CAD 74,000 - 139,000; Full time

Job summary

The Bank of Montreal is seeking a Senior Compliance Officer for their Canadian Personal & Business Banking Compliance Team. This hybrid role involves managing compliance portfolios, providing advisory support, and ensuring effective execution of compliance programs. Candidates should have extensive experience and a strong understanding of retail banking regulations, critical thinking skills, and the ability to effectively communicate in a fast-paced environment. This position offers a competitive salary and benefits, allowing professionals to make a significant impact in the financial compliance space.

Benefits

Health Insurance

Tuition Reimbursement

Retirement Savings Plans

Qualifications

• Minimum of 6 years relevant experience.
• Detailed knowledge of consumer protection requirements for retail banking products.
• Subject matter expert on ECP and ONFR Program preferred.

Responsibilities

• Manage Canadian P&BB Compliance Program implementation.
• Provide advice on regulatory obligations.
• Conduct compliance monitoring and testing.

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 or equivalent

Tools

Archer (GRCE)

Job description

Senior Compliance Officer, Canadian Personal & Business Banking Compliance page is loaded

Senior Compliance Officer, Canadian Personal & Business Banking Compliance

Apply locations Toronto, ON, CAN time type Full time posted on Posted Yesterday job requisition id R250012582

Application Deadline:

07/01/2025

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

The Canadian Personal and Business Banking (P&BB) Compliance Team is a Second Line function that provides advisory guidance to First Line P&BB business units.

The Senior Compliance Officer will manage a specific P&BB portfolio and ensure the effective execution of Enterprise Compliance Program deliverables. This is a hybrid role, based out of our Toronto office (First Canadian Place).

Responsibilities:

• Assists in the implementation, maintenance, and administration of the Canadian P&BB Compliance Program.

• Provides advice and guidance to assigned portfolio based on an understanding of business operations, regulatory obligations, and internal methodology.

• Develops and maintains a high degree of expertise on the Enterprise Compliance Program (“ECP”) and the Operational Non-Financial Risk (“ONFR”) Program, and applicable manuals and guidance. Effectively communicate and administer new requirements to ECP and ONFR programs.

• 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.

• Identifies, assesses, effectively challenges, and provides oversight on the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation. Identifies and advises on emerging issues and trends to inform decision-making. Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution.

• 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.

• Consults on new products, services, and automated systems to assist with incorporating compliance requirements into these initiatives.

• Anticipates potential consequences of unaddressed risk factors or shortfalls in ECP and ONFR implementation and recommends appropriate enhancements.

• Builds effective professional relationships with business group, internal/external stakeholders, and trust with regulators.

• Operates effectively within a high stress environment with constantly changing expectations and regulatory & audit scrutiny.

• Provides specialized consulting, analytical and technical support.

• Exercises judgment to identify, diagnose, and solve problems within given rules.

• Works independently and regularly handles non-routine situations.

• Broader work or accountabilities may be assigned 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 requirements for retail banking products.

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

• Ability to drive and execute projects/deliverables with minimal supervision and regularly handle non-routine situations.

• Deep knowledge and technical proficiency gained through extensive education and business experience.

• Subject matter expert on the ECP and ONFR Program preferred.

• Advanced user of Archer (GRCE) preferred.

• 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.

About Us

BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good.

Who we are

We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.