Control Testing Specialist, Wealth

Bank of Montreal; Chicago (IL); On-site; USD 72,000 - 135,000; Full time

Job summary

An established industry player is seeking a Control Testing Specialist to enhance compliance and control testing for Wealth lines of business. This role involves executing testing programs, designing monitoring procedures, and communicating findings effectively. The successful candidate will leverage their extensive experience in compliance and risk management to drive improvements and ensure regulatory adherence. Join a dynamic team that values innovation and collaboration, offering a supportive environment for professional growth and development. If you're passionate about making a meaningful impact in the financial services sector, this opportunity is for you.

Qualifications

• 7+ years’ experience in compliance, control testing, or audit.
• Strong data analysis and communication skills required.

Responsibilities

• Execute the 1LOD testing program for the Wealth LOBs.
• Prepare reports and dashboards on test results for stakeholders.

Skills

Compliance

Control Testing

Data Analysis

Communication Skills

Organizational Skills

Analytical Skills

Planning Skills

Interpersonal Skills

Education

7+ years in compliance or audit

Canadian Securities Course

Tools

MS Excel

MS Word

Industry-specific software

Job description

Control Testing Specialist, Wealth page is loaded

Control Testing Specialist, Wealth

Apply locations Chicago, IL, USA | full-time | posted on Posted 2 Days Ago | job requisition id R250012386

Application Deadline: 05/27/2025

Address: 320 S Canal Street

Job Family Group: Business Management

Deliver on components of the 1LOD testing plans for Wealth LOBs in accordance with the Enterprise Compliance Program and Operational Non-Financial Risk Framework.

1. Execute the 1LOD testing program for the Wealth LOBs and document results and outcomes as required.
2. Understand the Enterprise Compliance Program and Operational Non-Financial Risk methodology.
3. Design and implement specific monitoring and testing procedures for each applicable area of review, including development of new monitoring and testing scripts.
4. Understand Wealth business processes across multiple entities across North America.
5. Understand controls that support regulatory compliance and manage other sources of ONFR.
6. Access and update the enterprise compliance book of record GRCE.
7. Communicate M&T identified issues to the businesses, 1LOD Compliance Advisory, 2LOD Compliance, 2LOD Risk.
8. Raise awareness of compliance and controls within the businesses and provide guidance to mitigate exposures and risks. Provide root cause analysis and recommendations for issues identified.
9. Identify opportunities to improve the effectiveness of testing.
10. Act as a liaison and compliance support to various internal business partners across Wealth Management.
11. Prepare reports and dashboards on test results for stakeholders including management.

Qualifications:

• 7+ years’ experience in compliance, control testing, or audit, ideally in a dealer and/or portfolio management environment.
• Knowledge of IIROC rules and regulations applicable to dealer representatives and OSC rules applicable to portfolio managers and investment fund managers.
• Strong data analysis, organizational, analytical, and communication skills.
• Excellent planning skills.
• Canadian Securities Course completion is preferred.
• Proficiency with MS Excel, MS Word, and industry-specific software.
• Effective judgment and interpretation skills in applying regulations and compliance requirements.
• Ability to independently manage complex assignments with competing deadlines.
• Strong interpersonal and communication skills.
• Familiarity with Wealth regulatory requirements (e.g., OSC, IIROC, SEC, OCC).
• Experience with testing procedures (e.g., Audit, OSFI E-13).
• Understanding of risk and controls.

Salary: $72,500.00 - $134,500.00

Pay Type: Salaried

Salaries vary based on location, skills, experience, and qualifications, and may include bonuses and other benefits. For more details on our total rewards, 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. We aim to create positive change for our customers, communities, and employees through innovation, collaboration, and transformation.

As part of our team, you are valued, respected, and encouraged to grow and make an impact. We support your development with training, resources, and opportunities to broaden your skills.

Visit us at http://jobs.bmo.com/us/en

BMO is an equal opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, veteran status, disability, or other protected characteristics. We accommodate individuals with disabilities in the employment process. For accommodations, contact [e-mail].

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