Associate, CM Supervision

02/06/2025

Address:

151 W 42nd Street

Job Family Group:

Business Management

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

MANDATE

Capital Markets Supervision (CMS) is responsible for directing, leading and operating the First Line of Defense’s Operating Group Compliance Program (OGCP).

The OGCP is the system of policies, processes and controls established by the First Line of Defense to achieve and sustain its risk-based compliance with applicable laws and regulatory requirements,  and to ensure that the First Line of Defense responsibilities outlined in the Legal Regulatory Compliance Risk Management (LRCRM) Policy, the Enterprise Compliance Program and the Global Compliance Manual (GCM) and supporting operating guidelines are met. 

CM Supervision is part of the overall Risk & Regulatory Services Organization and is specifically responsible for the monitoring of trade floor activities and ensuring these activities adhere to all applicable regulations. This is achieved through the utilization of various tools including transaction and data reviews, risk assessments and attestations.

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KEY ACCOUNTABILITIES

Working directly with the Line of Business and colleagues within CMS, the Associate will be responsible to understand and review assigned surveillance reports, validate activity and document results.  Product lines will focus on mortgage and asset backed securities but may expand to others, as needed.

Additional accountabilities may include electronic and voice communications surveillance, developing an understanding of the regulatory obligations associated with these products and personnel, and the continued maintenance of a first line of defense protocol for monitoring controls around them.

The Associate is also accountable for helping to promote an inherent culture of compliance across Capital Markets so that resources may be committed toward proactive rather than reactive gap analysis.

The Associate will work closely with the Securitized Products CMS Team and Second Line Compliance to test and validate that the Line of Business is adhering to all applicable rules and regulations.

Role & Responsibilities:

• Support the team’s mandate in maintaining best in-class Supervisory Control Framework.
• Work and develop under the tutelage of senior members of the team.
• Review trade exception reports and trading activity to ensure compliance with appropriate rules and regulations.
• Analyze surveillance data and develop reporting of key risk indicators for internal and external stakeholder reviewers.
• Work on ad-hoc projects related to business initiatives or regulatory developments.
• Work closely with the Compliance Group, who carries out the Second Line of Defense mandate of independent oversight and effective challenge.
• Build relationships and collaborate with other department teams such Legal, Operations, Middle Office and Sales & Trading.
• Assist with the Regulatory Compliance Risk Assessment process, which is an on-going review of emerging issues and risks, documentation, and enhancement of controls.
• Operate effectively within a fast-paced environment with constant regulatory and audit scrutiny.
• Ability to work independently, multitask efficiently and effectively, and meet tight deadlines.
• Review electronic and voice communications.
• Write and maintain written supervisory procedures and other procedural documents.

Experience:

• 2-5 years of compliance or regulatory experience.
• Fixed Income product knowledge and understanding of sales & trading activities.
• Knowledge of Broker Dealer rules and regulations, which include but not limited to SEC, FINRA, CFTC, NFA, etc.
• Professional certifications – SIE, Series 7, and 63 or ability to obtain upon hiring.
• College Degree is required.

Desired:

• Excellent communications skills (written and oral).
• Demonstrate sound judgment and good decision-making skills.
• Must have strong work ethics and ability to work well with others.
• Familiarity with Python and other programming scripts skills a plus.

Location:

Required Location: New York, NY

COMPENSATION

This position is important for the future of the organization and offers an overall competitive compensation mix including base salary and incentive pay.

PRIVACY

At BMO Financial Group your privacy is our priority. Our Privacy Code outlines our commitment to you and is designed to comply with applicable Privacy legislation in Canada. To view a copy of the Bank’s privacy policy please visit our website at http://www.bmo.com, scroll to the bottom of the page and click on the Privacy link.

This role located in New York City salary range is $90,000.00 - $115,000.00 USD

Salary:

$61,600.00 - $114,400.00

Pay Type:

Salaried

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: 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. 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

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.