Director, Cross Business Risk - Regulatory Risk
Location: New York, New York
Description: BMO Financial Group is at present looking to employ Director, Cross Business Risk - Regulatory Risk right now, this position will be reside in New York. For detail informations about this position opportunity please give attention to these descriptions. -
1300009022
Description
Re
porting directly to the Managing Directors and Co-head! s, Cross-Business Risk (Trading Products â€" Financial Products / Debt Products), the Director of Regulatory Risk will lead and coordinate the affected business units’ response to new requirements, performing initial triage on the affected stakeholders, coordinating resources, and advising management on near-term impacts. Additionally, the Director will lead a small team whose mission as part of Cross Business Risk group is to provide expertise within the business on regulatory issues, assist the business in understanding the impact of new and emerging regulations on existing activities, and prototype for the business new surveillance and reporting systems that help management fulfill its first-line oversight responsibility, prior to the installation of long-term solutions that are delegated to the BUCO or TFS, or are alternatively monitored independently by BMO Compliance.
Key Accountabilities:
Market Knowledge / Business Knowledge
Extensive ! familiarity with the most common forms of over-the-counter der! ivatives transactions, including interest rate derivatives, credit derivatives, foreign exchange, equity derivatives, and securitization concepts.
Direct experience in dealing with regulatory bodies. Familiarity with the language and techniques of regulatory change. Ideally the candidate will have had some direct prior contact with the CFTC, NFA, SEC, FINRA, OCC, and/or the FRB.
Strong working knowledge of international banking regulation, including the principal actors, major legislation, and recent trends
Familiarity with cross-border transaction mechanics and the implications under Dodd-Frank and G20 reform.
Reasonable understanding of the basics of database design, technological change management, and testing and implementation regimes.
Ability to read and research legal and policy documents independent of legal advice, challenging and clarifying preliminary advice as appropriate.
Understanding of financial forecasti! ng, project budgeting, and resource allocation functions.
Strong written communications skills; contribute to the written policy formation process.
Strong familiarity with exchange-traded products, securities, and the relevant regulatory regimes for each.
Leadership
Ability to effectively lead small, effective teams of people to efficient solutions to complex problems.
Strong delegation, small project management, and follow-up skills.
Ability to positively influence people to desired outcomes.
Positive bias towards taking responsibility for near-term deliverables.
Professional demeanor
Ability to influence senior stakeholders from a wide variety of functional areas without direct accountability.
Ability to respectfully challenge others in meetings, scrums, and online discussions.
Bias towards innovation and creative solutions.
Travel: Must be willing to travel ! to other North American centers at least 5 business days per month, as ! required..
Qualifications
Four-year college or university degree required.
Lawyer or legal training preferred.
CFA, MBA, or advanced degree beneficial.
8-10 years of industry related experience
Thorough knowledge of capital markets products.
Strong understanding of trading procedures and broader regulatory and financial concepts
Skills
Strong quantitative, technology and financial skills
Strong risk management skills, fundamental analysis skills and leadership abilities
Delivers clear, effective communication and takes responsibility for understanding others
Able to exercise independent thought and judgment and adapt to new tasks with little notice
Details and results oriented and able to prioritize tasks in a fast-paced, highly pressured work environment Demonstrated computer skills with the ability to learn new systems and spreadsheets quickly.
Pro! ficient in Microsoft Excel, Word and Powerpoint.
Excellent problem solving and analytical skills
Need to be personable, aggressive, and able function in a team environment
Must be confident and credible over the phone and in person
At BMO Harris Bank, we have been helping our customers and communities for over 130 years. Working with us means being part of a team of talented, passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.
To find out more visit our website at
www.bmoharris.com/careers
.
BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. We are an Equal Opportunity Employer. By embracing diversity, we gain strength through our people and our perspectives.
Job
Capital Markets
Primary Location
Other Locations
Unite! d States-New York-New York
Organisation
Trading Products-X000019
Schedule
Full-time
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If you were eligible to this position, please deliver us your resume, with salary requirements and a resume to BMO Financial Group.
Interested on this position, just click on the Apply button, you will be redirected to the official website
This position will be started on: Sat, 07 Sep 2013 03:06:47 GMT
Apply Director, Cross Business Risk - Regulatory Risk Here