Compliance Control Testing Specialist, Wealth

BmoChicago, IL, US

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Control Testing Specialist, Wealth Regulatory Compliance

This role will deliver on components of the 1LOD testing plans for Wealth LOBs' in accordance with the Enterprise Compliance Program and Operational Non-Financial Risk Framework.

Execute the 1LOD testing program for the Wealth LOBs and document results, outcomes as required.
Design and implement specific monitoring and testing procedures for each applicable area of review, which may include independent development of new test scripts.
Demonstrate an understanding of testing methodology, business processes, control frameworks, that support underlying Regulatory Compliance requirements.
Ability to understand the methodology that supports the Enterprise Compliance Program and Operational Non-Financial Risk functions within Wealth Management.
Raise compliance and control related awareness with the Business and provide appropriate advice and guidance to mitigate exposures and risk. Identify root cause and communicate M&T identified issues to the businesses, 1LOD Compliance Advisory, 2LOD Compliance, 2LOD Risk.
Identify and assess potential opportunities to improve the efficiency, effectiveness of Control testing.

Qualifications :

6+ years of related experience in a testing or audit role in areas involving Regulatory Compliance.

Recognized Compliance certificate or equivalent preferred.

Experience in independently executing Regulatory Compliance control testing, including development of test scripts, and identifying issues and exceptions.

Familiarity with Key Regulations applicable to Wealth Management and Investment Funds (e.g. SEC, OCC, etc.).

Excellent data analysis skills, organizational, analytical and communication skills.

Application of regulations and compliance requirements.

Ability to independently deliver on complex assignments with competing deadlines.

Excellent interpersonal skills and strong written and verbal business communication skills.

Working knowledge of information technology tools required including : MS Excel, MS Word and portfolio management or investment industry software.

Ability to demonstrate effective use of judgment, interpretation, knowledge and skill with Regulatory Compliance control testing.

Salary : $74,000.00 - $138,000.00

Pay Type : Salaried

The above represents BMO Financial Group's pay range and type.

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Compliance Specialist • Chicago, IL, US