Head of U.S. Regulatory Relations, Enterprise Regulatory Office
: Job Details :

Overview

The Enterprise Regulatory Office (ERO), within Legal & Regulatory Compliance (LRC), supports the Bank of Montreal (BMO) enterprise and helps BMO meet regulatory obligations and supervisors' expectations. ERO provides leadership and guidance on regulatory interactions, oversight of regulatory examinations and remediation of supervisory findings, advisory input on legal and regulatory matters, and reporting to senior management and the board on significant matters.

Head of U.S. Regulatory Relations, within ERO, reports directly to the Chief Regulatory Officer, serves as a primary contact with U.S. regulators, and leads a team of regulatory liaisons. The role is responsible for fostering and maintaining key relationships with U.S. regulators, providing oversight and guidance on regulatory interactions at all levels of the bank, advising on regulatory examinations, reviews, and remediation activities, staying abreast of the supervisory environment, and reporting on current and upcoming supervisory trends and themes.

Responsibilities

• Interact directly with regulators and bank officers to facilitate regulators' understanding of the bank's businesses, risk management, and strategies.
• Provide advice, guidance, and procedures for management of key regulatory examination and supervisory activities.
• Oversee and coordinate responses to supervisory findings and provide input with respect to required remediation.
• Manage official communications with U.S. regulators.
• Manage a team of individuals, including regulatory liaisons, within the ERO.
• Support the Chief Regulatory Officer and the overall ERO function by providing updates regarding U.S. supervisory activity and identifying and reporting trends and themes in the supervisory and regulatory environment.
• Support BMO Financial Corp. (BFC) and BMO Bank N.A. (BBNA) executive management in regulatory relationship responsibilities, monitor regulatory and supervisory activities, and provide updates to U.S. management and committees as necessary.
• Inform and provide reporting to management as necessary.

Scope and Impact

The jurisdiction of the role is the U.S. The role has direct or indirect impacts on Legal Risk, Regulatory Risk, Reputational Risk, U.S. Regulatory Relationships, and the ability to execute strategic objectives. The role is complex due to the highly regulated financial industry, breadth of BMO's businesses, complexity of supervisory and business environments, multiple regulatory regimes and regulators, and the pace of regulatory change. Failure to understand supervisory expectations may impact the bank's ability to execute key strategic objectives.

Key Relationships

Internal: Other employees in ERO and LRC, in the U.S. and Canada; BFC and BBNA management and senior leaders of U.S. lines of business and corporate areas. External: Key regulators in the U.S.; other financial institutions; key industry associations.

Knowledge And Skills

• 10+ years' experience in financial services
• Bachelor's Degree required; Master's or Law Degree preferred
• Good knowledge of U.S. supervisory and regulatory landscape and priorities
• Direct work experience with, or knowledge of, the Federal Reserve Bank and OCC preferred

Salary

$150,700.00 - $261,800.00

Pay Type: Salaried

The above represents BMO Financial Group's pay range and type. Salaries will vary based on location, skills, experience, education, and qualifications; may include a commission structure. For part-time roles, salaries will be pro-rated based on hours worked. For commission roles, the listed salary represents the target for the first year.

BMO Financial Group's total compensation package will vary based on the pay type and may include performance-based incentives, discretionary bonuses, and other perks and rewards. BMO also offers health insurance, tuition reimbursement, and retirement savings plans. To view more details of our benefits, please visit the Total Rewards page.

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. We aim to create lasting, positive change for customers, communities and people—transforming lives and businesses and powering economic growth around the world. We'll support you with tools and resources to reach milestones, including in-depth training, coaching, manager support, and network-building opportunities.

To find out more visit us at the jobs site.

Equal Opportunity

BMO is an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, disability status, or other legally protected characteristics. We also consider applicants with criminal histories in line with federal, state, and local law. BMO is committed to providing reasonable accommodations to individuals with disabilities. If you need an accommodation for the employment process, please email ...@bmo.com with your request and contact information.