The PCD Regional Compliance Officer is accountable to ensure that the region meets all of its compliance requirements as the designee for compliance.
This role is also accountable to provide advice and guidance on appropriate policies, processes and other key execution activities to the branch management teams within the region.
The PCD Regional Compliance Officer will provide compliance support to either the whole region or a designated group of branches depending on the needs of the region.
By ensuring strong compliance execution in the region, the PCD Regional Compliance Officer assists in enhancing the profitability, market share and NPS for PCD Branches.
Key Accountabilities Regional Compliance Policy Development and Communication
Maintain an in-depth understanding of compliance requirements for the brokerage industry and attend quarterly calls with PCD National Office and the annual internal DCO conference to share knowledge, issues and challenges as well as sustain knowledge level for regulations
Facilitate and participate in regular conversations with the Regional Manager, Branch Compliance Officers and PCD Administration to share information and discuss common compliance-
related issues / concerns
Play a key leadership role in helping to develop and enforce policy / procedure for compliance nationally and in the region in alignment with the PCD strategy;
communicate effectively within the region to ensure that Branches are aware of what is required for compliance Branch reviews
Engage with the Branch / Wealth Management / PCD Compliance Officers to obtain their perspective about regional compliance activities and requirements
Evaluate the strength and effectiveness of compliance and adoption of policies, processes at the branch level and develop action plans to improve compliance and overall compliance review results
Compliance Leadership to Branch Compliance Officers (Dotted Line)Act as the information conduit from PCD National Office to the Branch Compliance Officer to ensure that consistent understanding and execution of compliance policies is done within every branch in the region;
be available for any questions, concerns or escalations from Branch Compliance Officers to ensure that all policy / procedural changes are understood;
hold regular forums with Branch Compliance Officers in addition to annual visits Act as an escalation point for compliance issues / concerns within the region;
develop a full understanding of the issues and discuss resolution with other Regional Compliance Officers and the Regional Operations Manager and PCD National Office;
maintain independence from branch compliance activities to act as an appropriate source of control in the overall compliance process
Maintain oversight of the branch compliance activities through a dotted line relationship to Branch Compliance Officers, including but not limited to :
Provide advice and guidance on policies, processes and execution activities e.g. minimum requirements and best practices to the Branch Compliance Officer
Provide operational changes / policies and procedures to meet compliance requirements that must be followed by Branch Compliance Officers;
escalate any issues of non-compliance to the Branch Manager
Act as a point of escalation for issues of non-compliance identified by the Branch Compliance Officer
Request information about activities performed to ensure policies and processes are being followed and monitor supervision activities executed at the branch level
Provide input about the performance of the Branch Compliance Officer to the Branch Manager; support, as required, any identified development gap of the Branch Compliance Officer to improve overall effectiveness Oversight of Branch Compliance Activities
Visit each branch at least once a year (where possible, bi-annually) to ensure compliance is being done to BMO NB standards Ensure that Branch Managers are following through to completion all compliance and regulatory matters;
escalate issues of non-compliance to the Regional Operations
Manager Ensure a two-way communication process is maintained with each Branch by sharing information with Branch Compliance Officers and Branch Managers as appropriate and receiving emerging issues or concerns in a timely manner so effective resolution can happen Participate in audits and compliance reviews as assigned and conduct follow up and coaching as required
Ensure that Branch organization templates are in place, current and functioning; supervision activity is monitored to ensure this is happening Execute supervisory activities for Branch Managers and, as required, Regional Managers;
ensure that all supervision at all levels is taking place
Conduct Special Account Reviews as warranted Perform email examiner duties as required
Risk Management and Controls
Ensure proper adherence to all aspects of First Principles Our Code of Conduct and Ethics Follow security and safeguarding procedures and apply appropriate due diligence for the prevention of loss Protect the Banks assets by adhering to all banking, investment and lending regulations (as appropriate), Policies and Procedures, legal and ethical requirements, process requirements, bank guidelines and established risk guidelines
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Accommodations are available on request for candidates taking part in all aspects of the selection process.
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