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Vice President, Senior Compliance Officer – Global Markets

BMO Harris

This is a Full-time position in Chicago, IL posted March 6, 2021.

Address:111 W Monroe – 115 S LaSalleJob Family Group:Audit, Risk & ComplianceThe Capital Markets Compliance, Vice President assists Compliance management in the effective implementation, maintenance and administration of the Global Markets Compliance Program. The role provides compliance advisory services, coordinates and performs ongoing risk assessment, monitoring and surveillance activities to ensure that the Compliance Program remains current and aligned with the Firm’s Enterprise-wide Compliance Program.The role works closely with the Swap Dealer and Fixed Income, Currencies, and Commodities (“FICC”) LOBs and other internal business partners to ensure regulatory, corporate and fiduciary obligations are met. This role will have a specific focus on compliance oversight over BMO’s Swap Dealer and Fixed Income activities. The Capital Markets Compliance, Vice President maintains current knowledge of regulatory requirements and developments, monitors risk, and identifies and corrects possible gaps and weaknesses. This individual will be responsible for the successful implementation and maintenance of the Security Based Swap Dealer (SBSD) program in accordance to the Securities Exchange Commission’s (SEC) SBSD rules.This role provides real-time guidance to Global Markets management on implications of new regulatory policies or Bank products, and assists in the implementation of new or revised policies and programs to address them. The role develops and maintains compliance information for analysis and reporting.LOB Compliance Program Execution and Monitoring (60%)* Implementation and maintenance of the SBSD program in accordance to the SEC SBSD rules, ensuring full compliance with risk control, recordkeeping and reporting, internal supervision and compliance, counterparty protection and other additional requirements as stipulated by the SEC.* In coordination with the Swap Dealer Chief Compliance Officer, support over the CFTC registered Swap Dealer Compliance Program including a focus on building and executing the monitoring framework and compliance responsibilities over all applicable sections of Title VII of the Dodd-Frank Act and OTC derivatives regulatory requirements.* Assist with preparations for regulatory exams, inquiries, and audits with a particular focus on NFA Swap Dealer examinations.* Help mobilize a project structure to accommodate for the necessary governance, people, processes and technology to accomplish the requirements of the SEC rules in a timely and effective fashion* Assist in the development of the FICC Compliance Program regarding FINRA broker-dealer requirements and corresponding oversight.* Execute appropriate testing and analyze key performance indicators to ensure requirements of the LOB policies and programs are maintained at a level commensurate with regulatory expectations. Support root cause analysis in response to material control failures in line(s) of business.* Analyze and explore multiple data types in order to identify anomalies and patterns of risk* Enhance existing surveillance tools and models and contribute to the creation and development of new models and detection tools.* Anticipate potential consequences of unaddressed risk factors or shortfalls in compliance and recommend appropriate controls.* Develop strong relationships with the first line of defense.Regulatory Advisory:* Provide advisory services on compliance matters to LOB management and staff (first line of defense). Work proactively with business line contacts and management toward ensuring that effective and efficient compliance risk management solutions are identified and implemented.* Provide guidance to traders, sales staff, operations and supervisory personnel on new regulations or interpretations. A focus will be placed on regulatory developments stemming from SEC, NFA, CFTC, FINRA, Treasury, and FRB.* Develop and maintain a high level of expertise in all regulations, directives and guidance which apply to the Swap Dealer and FICC Compliance group(s) supported.* Provide input to LOB Compliance and LOB staff regarding emerging issues and interpretation of regulations.Regulatory Governance and Training:* Participate in strategic projects and initiatives with other legal and compliance professionals relating to the FICC and Swap Dealer Business Units including assisting with new product committees and regulatory reform.* Prepares summaries on compliance with assigned regulation(s), regulatory requirements, and/or compliance risks for senior management, and/or Committees/Boards or Executives as required.* Assist is the management of the existing Capital Markets Compliance Training Program.* Represent the LOB Compliance team and interact with examiners and auditors during internal, external and regulatory audits and examinations.Knowledge & Skills* Bachelor’s degree required.* Dodd-Frank Act, Swap Dealer experience required.* Minimum of 5 years of experience with a financial services firm in a compliance role or equivalent experience at a regulator. NFA experience preferred.* Functional knowledge of multiple FICC market activities preferred including:Primary Dealer, GSEs, Trade reporting (TRACE), communications, supervision, best execution/order handling, and Market Access.* Builds relationships with key stakeholders to ensure high levels of satisfaction and lay the foundations for continued growth and partnership.* Leads project to completion, provides process and technical expertise, advice and consulting throughout plan execution.* Leads process improvements based on post-mortem analysis.* Leverages feedback to improve processes collaborating with leadership teams across departments.* Must be a highly motivated candidate with the ability to work independently.* The ability to multi-task, plan and prioritize a large volume of detail-oriented work in accordance with changing deadlines.* Strong knowledge of applicable securities laws, rules and regulations with the ability to assess firm impact. Series 7, 63, 24 a plus.* Strong communication, critical thinking, relationship management, and project management skillsWe’re here to helpAt BMO Harris Bank 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 Harris Bank 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.bmoharris.com.BMO Harris Bank 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. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

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