Regulatory Reporting

Application Deadline :

11 / 07 / 2025

Address : 3 Times Square

Job Family Group : Finance & Accounting

Member of the broker / dealer regulatory reporting team who will be responsible for the 15c-3 customer reserve calculation for BMO Chicago Branch, and as needed assist in CMC regulatory reporting and other financial / statutory reporting matters. Works closely with business leaders, Finance Partners, and operations to ensure compliance with 15c3-3 governing BMO Chicago Branch treasury activity.

• Preparation of weekly (or potentially daily) 15c3-3 customer reserve calculation for BMO Chicago Branch.
• Acts as a subject matter expert on relevant reserve regulations and policies.
• Partner with client onboarding to communicate any customer / non customer designation issues.
• May network with industry contacts to gain competitive insights and best practices.
• May own internal / external stakeholder relationships, include internal / external auditors and regulators.
• Assists in preparing any required monthly / quarterly / annual filings related to the reserve calculation, as needed.
• Drives enhancements to the 15c3-3 in house database to minimize manual inputs into the calculation.
• Maintains customer reserve bank account and securities account.
• Determines the 15c3-3 impact of initiatives / strategic business decisions, and incorporate the impacts into forecasting tools.
• Breaks down strategic problems, and analyses data and information to provide financial insights and recommendations.
• Employs systems (e.g. customized exception reports, tracking reports etc.) to manage information.
• Integrates information from multiple sources (e.g. financial and operational systems) to enable more efficient processes, enhanced analysis and / or streamlined reporting
• Acts as a trusted regulatory advisor to minimize reserve cash requirements.
• Recommends and implements solutions based on analysis of issues and implications for the business
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently and regularly handles non-routine situations.
• Bachelor's Degree in Finance or Accounting
• Broader work or accountabilities may be assigned as needed.
• Series 27 or 99 desirable

Salary

$81,400.00 - $151,800.00

Pay Type : Salaried

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

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit :

About Us

At BMO we are driven by a shared Purpose : Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to and let us know the nature of your request and your contact information.

Note to Recruiters : BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.