What we do Bank of Montreal Ireland plc

BMI is an Irish licensed credit institution with three primary lines of business Fixed
Income, Currencies & Commodities (FICC), Equities and Lending. FICCs business is
primarily a AAA/AA SSA (Supra, Sovereign and Agency) bond/CP portfolio and managing
funding. The Equities business primarily includes an equity financing portfolio (securities
borrowing/lending) and a linear equity portfolio (Equity Total Return Swap). The Lending
business involves providing credit facilities to BMO relationships outside of the U.S.,
Canada and the UK.
Employees 22 1 GM; 1PA; 7 Finance; 2 Compliance & AML; 4 Traders; 4 Risk; 1 IT; 2
Internal Auditors
Finbarr is the Head of Compliance and I act as Compliance Officer. We also serve as the
MLRO and DMLRO respectively and are equally responsible for first line AML activities
i.e., onboarding, due diligence and reviews
Our roles involve: dealing with the Regulator, compiling a Compliance and AML library of
documentation, transaction monitoring, oversee the rollout and completion of Compliance
and AML training,

BMO Pulse Results CM Europe

Theme

Objective

Milestone

1. Cross Border Training

Build relationships
Promote teamwork
Develop a deeper understanding of CM Compliance
Europe and the wider BMO Group
Eliminate any duplication and gain efficiencies.

i.

Encourage participation
Increase efficiency and productivity
Increase team effectiveness
Promote teamwork
Develop a deeper understanding of CM Compliance
Europe and the wider BMO Group

i.

2. What we do

ii.
iii.

ii.
iii.
iv.

Create a Committee with a view to deciding training

themes, timelines etc.
Arrange a quarterly training session
Enhancing procedures at a local level where the said
training has highlighted any room for improvement
At the outset each manager in the various jurisdictions
would present a short pitch on the quarterly call on what
they do (max 5 mins). This will give an overall picture of
what is happening in each jurisdiction.
Depending on the sizes of groups a short bio would then
be prepared by a team lead or individuals. Again, a short
5 minute bio would be sufficient.
Employees would then present this bio during the
quarterly call.
The aim would be to continue this process until each
employee has introduced themselves either individually
or via their team lead.