Milwaukee, WI
Ongoing through Wednesday, September 19, 2012, 6pm
To apply for this position, please visit our website at www.bmo.com and apply for requisition # 98258.
Company: BMO Harris Bank
Contact: Darine P. Ayers
Job Description: PRIMARY FUNCTION: Establish a cost effective compliance program that will enhance the compliance of Marshall & Ilsley Corporation and its affiliates with the provisions of various federal and state laws and regulations. The incumbent will create a procedure whereby compliance representatives can keep current on the changes to relevant laws and regulations. SCOPE OF RESPONSIBILITY: To avoid legal liability and negative customer impact, I ensure that the banks are aware of and in compliance with the major laws and regulations, which govern the banking industry. To avoid legal liability and regulatory agency criticism, the incumbent will act as a liaison with the various governmental regulatory agencies. To ensure that issues noted in the governmental regulatory agency reports are addressed in an appropriate and timely manner, the incumbent will also assist bank management in their formal responses and assist in the follow-up process. To ensure that various bank personnel are knowledgeable in current regulations, I provide appropriate training. When the bank has serious legal issues, I provide leadership and/or technical consulting and ensure that the project is brought to an appropriate and timely end. In today’s banking environment, it is vital to ensure that each bank is in technical compliance with, at the very least, the major consumer compliance regulations. Failure in any of these areas can result in fines up to $1,000,000 or 2% of the banks’ capital. Truth in Lending errors can cause the bank to suffer large losses and negative customer impact. Bank Secrecy Act errors can result in fines and prison sentences for bank personnel. Discrimination in lending and hiring practices can cause the bank to become involved in costly legal issues, judgments, and negative publicity. In the complex environment of consumer regulation, it pays to be in compliance and it pays to take a pro-active position. This position works in the Corporate Administration area under the direction of the Corporate Secretary. The incumbent works with attorneys and auditing on a regular basis to ensure corporate-wide compliance with federal and state regulations on all facets of banking.
Job Industry: Financial Services
Employee Type: Full-Time
Manages Others: No
Travel Required: None
Education Required: BASIC QUALIFICATIONS: Bachelor’s degree College degree a plus, but not required Law degree a plus, but not required
Experience Required: BASIC QUALIFICATIONS: 5-6 years professional work experience in related field ADDITIONAL QUALIFICATIONS: Minimum of 4-5 years of basic banking knowledge General knowledge of M&I and its affiliated banks Minimum of 3-4 years working with bank compliance/regulatory issues Good written and oral communication skills Comfort with legal issues via formal training/on the job experience Strong people skills Ability to work through persons that do not report to you Ability to accomplish a task, in a positive manner, even though line management is not supportive
More info: www.bmo.com
Ongoing through Wednesday, September 19, 2012, 6pm
To apply for this position, please visit our website at www.bmo.com and apply for requisition # 98258.
Company: BMO Harris Bank
Contact: Darine P. Ayers
Job Description: PRIMARY FUNCTION: Establish a cost effective compliance program that will enhance the compliance of Marshall & Ilsley Corporation and its affiliates with the provisions of various federal and state laws and regulations. The incumbent will create a procedure whereby compliance representatives can keep current on the changes to relevant laws and regulations. SCOPE OF RESPONSIBILITY: To avoid legal liability and negative customer impact, I ensure that the banks are aware of and in compliance with the major laws and regulations, which govern the banking industry. To avoid legal liability and regulatory agency criticism, the incumbent will act as a liaison with the various governmental regulatory agencies. To ensure that issues noted in the governmental regulatory agency reports are addressed in an appropriate and timely manner, the incumbent will also assist bank management in their formal responses and assist in the follow-up process. To ensure that various bank personnel are knowledgeable in current regulations, I provide appropriate training. When the bank has serious legal issues, I provide leadership and/or technical consulting and ensure that the project is brought to an appropriate and timely end. In today’s banking environment, it is vital to ensure that each bank is in technical compliance with, at the very least, the major consumer compliance regulations. Failure in any of these areas can result in fines up to $1,000,000 or 2% of the banks’ capital. Truth in Lending errors can cause the bank to suffer large losses and negative customer impact. Bank Secrecy Act errors can result in fines and prison sentences for bank personnel. Discrimination in lending and hiring practices can cause the bank to become involved in costly legal issues, judgments, and negative publicity. In the complex environment of consumer regulation, it pays to be in compliance and it pays to take a pro-active position. This position works in the Corporate Administration area under the direction of the Corporate Secretary. The incumbent works with attorneys and auditing on a regular basis to ensure corporate-wide compliance with federal and state regulations on all facets of banking.
Job Industry: Financial Services
Employee Type: Full-Time
Manages Others: No
Travel Required: None
Education Required: BASIC QUALIFICATIONS: Bachelor’s degree College degree a plus, but not required Law degree a plus, but not required
Experience Required: BASIC QUALIFICATIONS: 5-6 years professional work experience in related field ADDITIONAL QUALIFICATIONS: Minimum of 4-5 years of basic banking knowledge General knowledge of M&I and its affiliated banks Minimum of 3-4 years working with bank compliance/regulatory issues Good written and oral communication skills Comfort with legal issues via formal training/on the job experience Strong people skills Ability to work through persons that do not report to you Ability to accomplish a task, in a positive manner, even though line management is not supportive
More info: www.bmo.com