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About the Role

The Director of Equities Compliance will assist in the effective implementation, maintenance, and administration of the Capital Markets Compliance Program. This role provides compliance advisory services, coordinates and performs ongoing risk assessment, monitoring, and surveillance activities to ensure the Compliance Program remains current and aligned with the Firm’s Enterprise-wide Compliance Program. The role works closely with internal business partners to ensure regulatory and corporate obligations are met, with a specific focus on compliance oversight over BMO’s Capital Markets equity activities. The Director of Equities Compliance 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 Firm’s compliance framework.

Responsibilities

Monitor business activities and engage in active dialog with business unit personnel regarding Compliance impacts of their activities.
Communicate directly with traders and supervisors to provide real time guidance, assess risks and remediate issues.
Actively monitor regulatory developments and trends and take appropriate action to ensure the business unit complies with new and/or amended regulations.
Review, draft, and enhance Policies and Procedures and Written Supervisory Procedures.
Review new business initiatives, products, and markets to ensure full compliance before launch.
Work closely with IT and support staff on the implementation of regulatory initiatives.
Assist and train the business line, support functions and compliance support staff on relevant rules and regulations.
Assist in the response of regulatory inquiries and regulatory examinations.
Provide advisory guidance to support functions in order to ensure compliant functionality of front and back-office tools for topics such as CAT, TRF reporting, Reg SHO, SEC Rule 15c3-5, FINRA Rule 5310, SEC Rule 605/6.
Communicate and escalate potential issues for timely addressing and resolution.
In coordination with the CCO, support the CMC equity program including a focus on building and executing the monitoring framework and compliance responsibilities.
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.
Review electronic communications.
Participate in risk assessments, issue tracking, and remediation efforts to address control gaps and regulatory findings.

Requirements

Minimum of 5 years of experience with a financial services firm in a compliance role or equivalent experience at a regulator.
Strong knowledge of multiple equity market activities preferred including: communications, SEC Rule 605/6, supervision, best execution/order handling, and SEC Rule 15c3-5.
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.
Deep operational and regulatory knowledge across SEC, FINRA, and exchange rules.
Strong understanding of options trading and market structure.
Experience across multiple compliance functional areas (surveillance, investigations, testing, reporting).
Expertise in surveillance systems, investigation methodologies, and testing protocols.
Ability to translate complex regulatory requirements into practical operational procedures.
Demonstrated analytical and problem-solving skills with the ability to synthesize complex information and provide actional recommendations.

Skills

Series 7, 63, 24 a plus
Strong communication
Critical thinking
Relationship management
Project management skills

Location

151 W 42nd Street

Work Type

Salaried

Experience Level

Minimum of 5 years of experience

Education Level

Bachelor’s degree required

Salary/Compensations

$112,200.00 - $209,000.00

Benefits

Health insurance
Tuition reimbursement
Accident and life insurance
Retirement savings plans

About the Company

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

Equal Opportunity

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 BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.