Banker-Compliance Analyst

Job CategoryOffice Admin & Legal
Position TypeContract
Application Deadline January 23, 2021
Experience RequiredN/A
Job Duration6 months
Education RequiredN/A

Our client in the Banking industry is seeking a Banker-Compliance Analyst in Toronto. This is a contract position.
Job Description

T&O Risk and Internal Controls, this job, with support from 2nd Line Compliance, will be the central point of contact for all Operations Compliance, AML, tax and legal matters for US Collection group. The incumbent will support regulatory projects and act as a point of facilitation and escalation for day to day operations compliance matters. Be accountable in the development and execution of the Product Operations strategic plans in support of the organization’s objectives and key initiatives.
With support from 2nd Line Compliance and the Director, Risk and Compliance – TORIC, lead the enhancement and maintenance of the Bank’s Enterprise Compliance Program within applicable PO group identifying any gaps that may surface; Lead a cross group remediation program for any gaps in compliance control and reporting activities.
• Professional but very fun
• Collaborative team
EVP (Employee Value proposition):
Culmination of eing engaged in the collection business. Will be able to effect direct projects with BMO and influence how they run their business.
RESPONSIBILITIES INCLUDE (but are not limited to):
Enterprise Compliance Program
• Assist line management with identifying applicable regulatory requirements for business operations within the OGL’s area of responsibility;
• Facilitate the measurement of compliance risk through a Regulatory Compliance Risk Assessment, in accordance with the Enterprise Compliance Program (ECP), for each applicable regulatory requirement. This includes working closely with line management to determine the existence, quality and reliability of preventative and detective controls designed to comply with such requirements and developing action plans when deficiencies are identified;
• Develop and execute appropriate compliance monitoring and testing activities, in accordance with the ECP, to ensure controls are evaluated using a risk-based approach;
• Advise line management on the design and implementation of required controls, including policies & procedures, technological/system functions, monitoring and testing, training and processes;
• Communicate to Management and the Compliance Team Leader (CTL) when they become aware of Operating Group (OG) developments which may impact the operation of the OGCP and/or OG regulatory risk profile, including self-identified regulatory events and regulatory requirements;
• Record and escalate new compliance issues, as is required under the ECP, to OGL, Compliance and other applicable governance bodies, as may be required;
• Advise line management on actions required to address compliance issues, including any required remediation activity and control enhancements. Monitor and report on progress of remediation of such issues;
• Ensure required compliance training is conducted to educate applicable staff on the compliance risks inherent in their areas of operations;
• In accordance with the Enterprise Regulatory Development Framework, advise line management on regulatory developments, including new laws, regulations, regulatory guidelines or other industry developments. This includes leading any required assessments to identify gaps against such requirements;
• Support and participate in any compliance related regulatory examinations conducted within the assigned area of responsibility;
• Ensure appropriate compliance risk oversight of third-parties that create compliance risk; and
• Engage Compliance, Legal and/or Risk personnel on appropriate matters in a timely manner.
Business Leadership:
• Participate with TORIC Risk and Compliance Management team in developing and implementing business strategies and focusing on core capabilities – business processes that provide competitive advantage from a regulatory compliance perspective; identifying, evaluating and taking advantage of opportunities to realize new synergies and economies of scale.
• Understand and keep ahead of the evolution of the business while ensuring sustainability of BMO competitive advantage, including major process changes (short term and up to 5 years out)
• Participate and contribute to management team in business and strategic planning. Represent Risk and Compliance in the context of day-to-day business initiatives
• Participate in defining the strategies, annual goals and objectives for areas of accountability over a period of time
Operations Compliance:
• Participate in continuous process improvements and high quality standards with a focus on responsiveness to the internal/external customer and process controls. Areas of focus include: customizing processes and procedures to facilitate unique product/customer solutions; identifying and implementing internal and external “best practices”; rationalizing distribution points, locations, and premises; leveraging technology to enable efficiencies and improvements in delivery
Subject Matter Expert in dealing with the complexity of operational regulatory compliance, focused on US Collections matters – dealing directly with business leads, other Operations pillars and other key stakeholders (Risk Management, Compliance, tax, Legal, Audit, Finance, etc.)
• Build partnerships with internal clients and other business stakeholders, build relationships with internal and external auditors and regulators; build relationships and networks with counterparts at competitive financial institutions.
• 5+ years of related Collection Operations experience or Compliance experience
• Expert knowledge and understanding of the business unit’s product line
• Expert understanding of the business unit’s risk and regulatory requirements
• Experience/knowledge with one or more areas required: OSFI or Canadian Collections Regulations

• Knowledge of standard desktop applications used by the business unit (enterprise collection platform)
• Knowledge of departmental systems and applications
• Knowledge of process design project and documentation
• Canadian Banking Industry experience
• Expert strategic visioning
• Advanced project management skills
• Expert problem-solving and analytical skills
• Expert decision-making skills
• Expert prioritization skills
• Expert customer service and relationship management skills
• Expert managerial leadership skills
• Expert planning skills (re finance, resource, strategy, business)
• Advanced negotiation skills
• Expert conflict management/ resolution skills
• Expert change management skills
• Advanced facilitation/ presentation skills
• Advanced communication skills


Candidates must live in Canada and possess a valid work permit.
If you believe that you are a good fit for this position, please send your resume to Neethu Vaishakh at