Vice President, Capital Markets Supervision

VP, Capital Markets Supervision (CMS)

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world.

The VP, Capital Markets Supervision (CMS) will be responsible for executing supervision and regulatory risk management functions within BMO Capital Markets, specifically supporting the US Investment Banking (IB) Line of Business (LOB). This role performs supervisory controls, ensuring that they are effectively designed and executed to mitigate risk and support compliant, revenue-generating activities.

Key Accountabilities

The VP, US IB Supervisor executes and is responsible for the effectiveness of the First Line of Defense supervisory framework, supporting the US IB Line of Business. The role provides guidance on regulatory risk management activities and conducts monitoring activities to validate that the LOB is conforming to applicable regulation and BMO policies.

The Global Head of I&CB has formally delegated to the CM Supervision team the authority to assess regulatory risks, evaluate control effectiveness, and drive remediation where gaps are identified. The role serves as a key liaison between the Line of Business and enterprise stakeholders, including Second Line Compliance, Enterprise Legal and Regulatory Compliance, Internal and External Audit, Financial Risk, Operational Risk, and Regulators (i.e., FINRA and SEC).

The position is engaged in the design, governance, and ongoing execution of supervisory controls, including monitoring programs, risk assessments, and issue management processes. The VP is also responsible for fostering a strong culture of compliance within US IB, promoting proactive risk identification and control enhancement.

The role works closely with team members across I&CB and Global Markets, as well as with Canadian and UK counterparts, to ensure consistency of supervisory standards and cross-jurisdictional alignment where applicable.

Core Responsibilities

Supervisory Execution

• Maintain and execute controls for various US IB regulatory requirements
• Perform electronic communications surveillance
• Document and maintain Written Supervisory Procedures and related Policies and Procedures, applicable to US IB
• Assist in the documentation and remediation of regulatory issues and/or address control deficiencies highlighted by the 3 Lines of Defense Testing Programs
• Investigate and respond to regulatory inquiries from 2nd Line Compliance, External Regulators and internal information requests from Audit
• Contribute to the formal reporting of Supervisory results back to US IB Senior Management, highlighting any areas of heightened risk
• Assist in the interpretation of new and existing regulatory requirements applicable to the US IB business
• Actively explore opportunities to introduce AI and automation into the monitoring process to improve efficiency

LOB Advisory

• Provide regulatory guidance to business stakeholders on initiatives and real-time guidance on IB deals
• Provide Front Office Personnel Onboarding and Registrations Guidance and Administration
• Contribute to Regulatory Training

Risk Assessments

• Participate in various risk assessments that impact US IB
• Identify and escalate new risks that arise from monitoring activities to business management and 2nd line Compliance and feed through applicable risk assessment programs
• Work closely with Regulatory Transformation Dept and Compliance to analyze the impact of regulatory changes on the US IB LOB and assist in developing requisite controls

Knowledge and Experience

Qualifications

• Undergraduate degree required; advanced degree (MBA, CPA, JD/LLB) is a plus
• 5-7 years of experience in financial services, preferably with direct knowledge of US Investment Banking regulations
• Experience in compliance, supervision, or regulatory risk management within a major broker-dealer
• FINRA registrations are a plus, including Series 24

Expertise

• Strong understanding of I&CB products, business models, and associated risks
• Strong knowledge of supervisory controls, risk assessment methodologies, and issue management practices
• Solid understanding of enterprise governance structures and three-lines-of-defense models
• Familiarity with market, credit, and operational risk frameworks

Skills and Attributes

• Strong judgment and decision-making capabilities
• Be a credible resource to senior business leadership for clarification and resolution of supervisory matters
• Excellent written and verbal communication skills, including the ability to distill complex regulatory requirements and discern applicability to BMO CM and US IB
• Proven ability to interact with senior stakeholders and manage relationships across all three Lines of Defense and Corporate Support functions
• Strong analytical and problem-solving skills
• Ability to manage multiple priorities in a fast-paced, highly regulated environment
• High degree of professionalism and integrity
• Collaborative, service-oriented leader with a proactive and solutions-focused mindset
• Ability to provide effective challenge and escalate concerns in a balanced and professional manner
• Ability to work independently to execute controls and monitor regulatory risk
• Ability to deal with sensitive issues with tact and discretion
• Desire to learn and/or utilize AI capabilities to improve the Supervision Program

Location

Required Location: New York, NY

Compensation

This position is important for the future of the organization and offers an overall competitive compensation mix including base salary and incentive pay.

The salary range for this role is $140,000 up to $190,000 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)