BMO Financial Group Private Client Division, Senior Branch Operations Administrator in Alberta, Canada
Under the direction of the Branch Operations Manager, this role is accountable for the management of sales compliance and regulatory requirements for a Private Client Division (PCD) Branch. This role is also responsible for informing the Branch Operations Manager on compliance functions within the branch and assisting the Branch Operations Manager to ensure that compliance obligations are met.
Business Delivery and Operational Effectiveness:
Act as a designee for the branch manager on compliance objectives within the branch
Identify, report and manage all compliance issues, irregularities and discrepancies to Branch Operations Manager
Provide ongoing compliance education
Provide support and guidance to branch staff members
Risk Management & Controls:
Work directly with the Branch Operations Manager to ensure proper adherence to all aspects of First Principles Our Code of Conduct and Ethics for individuals in the branch
Support the Branch Operations Manager with all operational and regulatory compliance responsibilities as assigned, including daily and monthly reviews, the review of various branch reports, the review and approval of client account documentation, and being a branch resource and the first point of escalation for compliance related inquiries
Work with the RCO and partners to ensure compliance policies and procedures are adhered to in the branch
Follow security and safeguarding procedures and apply appropriate due diligence for the prevention of loss due to fraud, counterfeiting, money laundering or defalcation in accordance with Bank policy
Protect the Bank’s 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
Process supervision reports for newly licensed RRs/IRs as delegated by the Branch Operations Manager
Maintain branch files on: outstanding client complaints hold mail accounts, insider clients, outside business activities, non-approved option trades, pledge accounts as delegated by the Branch Operations Manager
Sundry duties as assigned
Strong verbal communication skills
Thorough knowledge of administrative policies and procedures, namely the Sales Administration Manual, and those of Operations; Compliance; Documentation, and Continuing Education
Proven relationship management skills
Previous experience in Financial Services industry
Ability to use initiative and work with minimal supervision
University degree or equivalent experience preferred
Completion of the Canadian Securities Course (CSC), Conduct and Practices Handbook Course (CPH) and current registration as a Registered Representative (RR) with IIROC required
Supervisory licensed preferred
We’re here to help
At BMO we have a shared purpose; we put the customer at the centre of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.
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://bmocareers.com .
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.