Vice President

Address:
100 King Street West

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

Vice President, Business Controls Testing and Automation

Job Description

Working on the Business Controls Testing ("BCT") Team under the Director of BCT for First Line of Defense, BMO Capital Markets ("CM"), the Vice President of Testing and Automation is responsible for executing the testing frameworks within First Line of Defense. This includes assessing AML controls and functions throughout BMO Capital Markets by creating and executing test plans, reporting and escalating issues to stakeholders and monitoring action plans to closure of compliance issues.

The role is accountable to communicate findings to the control owners, to identify opportunities for improvement and ensure the continued operation of effective controls which ensure continued compliance and risk management. Additionally, this role includes responsibility for ongoing efforts to improve the testing program to be efficient, and where possible to design and implement automation processes.

Personal Attributes :

• Service oriented, team player
• Confident, leader
• Methodical approach, analytical
• Quick learner
• Proficient at executing work independently
• Problem solver, decision maker, proposes solutions
• Motivated, self-directed
• Strong verbal, written and interpersonal communication
• Calm under pressure, ability to execute while managing competing priorities
• Anticipate needs and requests
• Humble, ability to laugh at self

Required Skills

• Proficient at executing work independently
• Ability to see connections between distinct pieces of work and the bigger picture
• Ability to investigate opportunities for increasing efficiency across responsibilities and projects
• Ability to read technical compliance material and distil the applicability of the regulations to respective business unit(s )
• Excellent judgment and interpersonal skills, who can consult, influence, collaborate, effectively challenge colleagues across first, second and third line and the business groups
• Ability to smoothly run calls and meetings
• Ability to create/execute a detailed plan for short, and long-term work
• Consider downstream impact of decisions, and how decisions support Capital Markets' strategic priorities
• Demonstration of leadership and expertise in their daily/project responsibilities
• Relationship management skills; ability to establish and manage multiple stakeholder relationships in the business, within the 3 lines of defense
• Report-writing skills and ability to present and articulate complex concepts and provide recommendations
• Office Suite proficiency (including Outlook, Teams and SharePoint)
• Advance Excel skills

Specific Accountabilities :

• Planning, Management, Execution and Oversight - 20%
• Advisory - 15%
• Document, Monitor, Report and Escalate - 20%
• Automation - 45%

The VP will carry out the following a ctivities:

Planning, Management, Execution and Oversight - 20%

• Assist the Director in the development, planning, and management of AML Control Testing
• Develop and maintain the annual testing plans, in conjunction with the AML Officer ("AMLO") and other LOBs.
• Provide oversight on the controls and activities monitored by the AMLRO Designates and determine impact on test plans.
• Execute test scripts within the plans to ensure controls are appropriately designed and operating effectively.
• Reviews the testing performed by Associates and Analysts.

Advisory - 15%:

• Establish a professional relationship with internal and external stakeholders and proactively represent first line testing program
• Collaborate with other subject matter experts on the identification of risks and integration of legal, regulatory, and AML compliance requirements
• Prepare for, track and when appropriate, function as a key liaison for Internal Audit for AML control related issues.

Document, Monitor and Report - 20%

• Execute on defined testing protocols and processes.
• Establish timelines to complete required testing, including the development of an on-site plan, execution of testing processes and the communication of results.
• Develop and present a report on the results of controls testing and business validation
• Keep the Director and other senior management informed of significant testing issues and follow the escalation process as needed.
• Provide input to the Issues Management team on the severity of testing issues.

Automation - 45%

• Evaluate existing testing program for efficiency and automation opportunities.
• Develop plans for automation.
• Work with stakeholders to gain consensus and resources.
• Analyze various process and tools that will contribute to increased automation in the testing environment.
• Implement plans by identifying process and steps for automation.
• Work with technology teams, vendors, and other BRS resources to implement automation designs.

Qualifications

• 7+ years work experience
• Undergraduate degree, Data Analytics/ MBA preferred
• Knowledge of Capital Markets LOBs, products and infrastructure required (e.g., people, systems, relationships x-product/LOB)
• Knowledge of applicable AML and Compliance regulatory requirements and practices
• AML knowledge with an understanding of the most current trends and concepts
• Knowledge of Assessable Unit structure and its importance in managing AML risk
• Understanding of control methodologies and three lines of defense
• Solid knowledge of Broker Dealer and Banking Regulations, which include but not limited to SEC, FINRA, OCC, FRB, CFTC, IIROC, OSFI , BSA/AML, KYC, Sanctions regulatory requirement etc. a plus
• Knowledge of testing protocols, evidence memorialization, risk/control frameworks
• Knowledge of compliance, control testing and audit
• Familiarity with data manipulation techniques
• Familiarity with process mapping/flow charts
• Experience working with peers in Compliance and Audit
• Knowledge of best practices in leadership, people management, and career development
• Certified (CAMS, CIA, CAFP or CRMA) or ability to obtain certification in first year on job

We're here to help

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.

BMO 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. 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 avail-able on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

We're here to help

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 https://jobs.bmo.com/ca/en .

BMO 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. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

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.

Category

Administrative Management and Executive