Regional Manager, Compliance, Private Wealth

About This Role

This role contributes to the business's accountability for delivering regulatory programs across applicable Tier 1 Risk Types, focusing on compliance within Private Wealth. It involves supporting the design of governance and control requirements for products, processes, and channels, and fostering a culture aligned with BMO's purpose, values, and strategy.

Responsibilities

• Contribute to the business’ accountability for the delivery of regulatory programs across applicable Tier 1 Risk Types
• Contribute to the design of governance and control requirements for products, processes, and channels
• Support the design, development, automation, and coordination of evidence-based controls across Credit & Counterparty, Non-Financial, Liquidity & Funding, Market, Strategic, Reputation, and Environmental & Social Risks
• Support effective and efficient compliance with regulatory obligations in alignment with the Bank’s Risk Management Framework and approved Risk Appetite
• Foster a culture aligned to BMO purpose, values and strategy and role model BMO values and behaviours in all that they do
• Ensure alignment between values and behaviour that fosters diversity and inclusion
• Regularly connect work to BMO’s purpose, set inspirational goals, define clear expected outcomes, and ensure clear accountability for follow through
• Build interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders
• Attract, retain, and enable the career development of top talent
• Improve team performance, recognize and reward performance, coach employees, support their development, and manage poor performance
• Support multiple, varied business units with corresponding number of regulators
• Monitor and advise on management of risk requirements within the defined risk appetite
• Manage/support large/complex risk programs/frameworks/projects/initiatives to ensure risks are appropriately mitigated and regulations adhered to
• Monitor industry and legislative developments and continuously update programs to ensure they are competitive and effective
• Support the position on regulatory compliance issues by interpreting requirements (existing, new and emerging) and identifying, analyzing and addressing resultant gaps and issues, including those raised through the review of change initiatives
• Understand the identified risk exposures and support the development of action plans required to mitigate identified risks
• Act as a subject matter expert in the evaluation, development and implementation of an internal control system
• Support the execution of strategic initiatives in collaboration with internal and external stakeholders
• Build effective relationships with internal/external stakeholders