Managing Director, US Broker Dealer CCO - BMO Financial : Job Details

Application Deadline:

Address:

Job Family Group:

The BMO Capital Markets Compliance team is hiring for a CCO of it's two US broker-dealer entities in New York, BMO Capital Markets Corp (BMOCMC) and Clearpool Execution Services, LLC (CES).

The broker-dealer CCO would manage the implementation, maintenance and administration of the broker-dealer compliance programs. Broker-dealer businesses include. but are not limited to, fixed income, equities, electronic trading, prime brokerage, and investment banking.

The broker-dealer CCO:

• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.

• Management oversight for establishing and reinforcing compliance programs & protocols for functional area of responsibility.

• Coordinates and performs risk assessment, monitoring, testing and surveillance activities to ensure program remains current and aligned with BMO Compliance Program.

• Advises first line of defense management and employees on compliance matters.

• Advises business/group on implications of new regulatory developments or internal products, and assists to implement new/revised policies and programs to address them.

• 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

• 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.

• Advises and influences senior leaders on managing regulatory risk associated related to business decisions and strategic initiatives.

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

Qualifications:

• Series 7, SIE, and 24 required. Series 57, 63, and 79 preferred. Strong knowledge of applicable securities laws, rules and regulations with the ability to assess firm impact.

• Typically 10+ years of relevant experience and a post-secondary degree (i.e. JD, MBA) in related field of study or an equivalent combination of education and experience.

• Strong experience in equities, electronic trading, and fixed income compliance strongly preferred

• Experience with a regulatory agency strongly preferred, including FINRA, SEC, NYSE

• Knowledge of FICC, equities, prime brokerage, and investment banking services and regulatory requirements.

• Serves as a specialist resource within BMO Capital Markets with advanced knowledge of regulatory/ compliance requirements and the operations of multiple business/groups.

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

• Seasoned expert with extensive industry knowledge.

• Verbal & written communication skills - Expert.

• Analytical and problem solving skills - Expert.

• Collaboration & team skills; with a focus on cross-group collaboration - Expert.

• Data driven decision making - Expert.

Salary:

Pay Type:

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:

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

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.

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.