BMO U.S. · 9 hours ago
Sr. Compliance Officer, LRC
Chicago, IL
Full-time
Onsite
Mid, Senior Level
$81K/yr - $152K/yr
6+ years expBMO U.S. is a financial services company dedicated to creating positive change for customers and communities. They are seeking a Senior Compliance Officer to assist in implementing and maintaining compliance programs, ensuring alignment with regulatory requirements, and advising on compliance matters related to business operations.
Banking
Responsibilities
Assists in the implementation, maintenance and administration of a specific compliance program
Coordinates and performs risk assessment, monitoring, testing and surveillance activities to ensure program remains current and aligned with BMO Compliance Program
Works with business/group and internal partners to ensure regulatory, corporate and fiduciary obligations are met
Advises business/group on implications of new regulatory developments or internal products, and assists to implement new/revised policies and programs to address them
Identifies risks and implements appropriate actions to mitigate them
Develops and maintains compliance information for analysis and reporting
Achieves compliance goals by maintaining current knowledge of regulatory requirements and developments
Maintains functional and regulatory expertise specific to business group, and refers to Compliance Policies & Procedures manuals for requirements
Contributes to business/group results by providing oversight and making recommendations that significantly impact the Bank’s ability to monitor regulatory compliance programs, minimize operational risk and align with regulatory agencies
Provides advice and guidance to assigned business/group on implementation of solutions aligned to regulatory risk appetite based on an understanding of business operations and stakeholder needs
Consults on new products, services and automated systems to assist with incorporating compliance requirements into these initiatives
Influences to achieve effective regulatory compliance controls that enable business objectives
Identifies and advises on emerging issues and trends to inform decision-making
Helps determine business priorities and best sequence for execution of business/group strategy
Builds effective professional relationships with business group, internal/external stakeholders and trust with regulators
Analyses and reports on compliance data, and related data to gain insights on regulatory risk
Oversees the development and maintenance of guidelines and procedures, providing advice/rulings as necessary, for a single function within a geographic area
Participates in the design, implementation and management of core business/group processes
Conducts and/or effectively challenges risk assessments for business/group and assists to identify more effective compliance controls
Performs and/or effectively challenges monitoring and testing activities to ensure regulatory compliance controls are operating and aligned to regulatory requirements
Supports root cause analysis in response to material control failures in business/group
Identifies, assesses, effectively challenges and oversees the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation
Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution
Analyzes and reports compliance information to Compliance and business/group management
Develops and maintains a high level of expertise in all regulations, directives and guidance which apply to the group(s) supported
Provides input to business/group on emerging risks, regulatory developments and interpretation of regulations
Conducts and/or effectively challenges risk assessments for business/group and assists to identify more effective compliance controls
Performs and/or effectively challenges monitoring and testing activities to ensure regulatory compliance controls are operating and aligned to regulatory requirements
Supports root cause analysis in response to material control failures in business/group
Identifies, assesses, effectively challenges and provides oversight on the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation
Elevates high profile issues/risk cases to Compliance and business/group management for prompt resolution
Analyzes and reports compliance information to Compliance and business/group management
Advises first line of defense management and employees on compliance matters
Consults on new products, services and automated systems to assist with incorporating compliance requirements into these initiatives
Ascertains training needs and helps develop training based on gaps identified through the compliance monitoring and testing
Identifies enhancements to business group compliance tools and processes and communicates to required stakeholders
Assists business group management in communicating and implementing changes to applicable regulatory policies and procedures
Represents the business/group Compliance team and interacts with examiners/auditors during internal, external and regulatory audits and examinations
Provides regulatory perspective on business group’s sales and marketing materials
Anticipates/ identifies and analyses risk and consequences of unaddressed risk factors/ compliance gaps, and recommends appropriate controls
Builds effective professional relationships with business/groups
Operates effectively within a high stress environment with constantly changing expectations and regulatory & audit scrutiny
Accesses, monitors and reports on sensitive Bank, customer, transactional and employee information to ensure compliance with regulatory requirements
Communicates the roles and importance of each of the three lines of defense, and proactively identifies regulatory risk
Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus
Provides specialized consulting, analytical and technical support
Exercises judgment to identify, diagnose, and solve problems within given rules
Works independently and regularly handles non-routine situations
Broader work or accountabilities may be assigned as needed
Qualification
Required
Typically minimum of 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience
Detailed knowledge of consumer protection regulations and related marketing and advertising guidelines
Skilled knowledge of regulatory/ compliance requirements and the operations of a single client group
Strong communication, critical thinking, relationship management and project management skills
Deep knowledge and technical proficiency gained through extensive education and business experience
Verbal & written communication skills - In-depth
Collaboration & team skills - In-depth
Analytical and problem solving skills - In-depth
Influence skills - In-depth
Data driven decision making - In-depth
Preferred
Recognized compliance certificate or equivalent preferred
May require experience at regulatory body for one or more compliance area(s)
Benefits
Health insurance
Tuition reimbursement
Accident and life insurance
Retirement savings plans
Company
BMO U.S.
We’re a bank, but there’s more to it than that. We're a top ten bank in North America and have been serving our customers since 1817.
5001-10000 employees
H1B Sponsorship
BMO U.S. has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (1)
2024 (11)
2023 (41)
2022 (22)
2021 (14)
2020 (21)
Funding
Current Stage
Late StageLeadership Team
Mike Morton
Vice Chair U.S. Commercial Banking
Recent News
2025-10-16
2025-09-23
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