Manager, Anti Money Laundering Risk Assessment

Address:

The Manager, Anti Money Laundering Risk Assessment is accountable for supporting the development, execution, oversight and reporting of the Enterprise AML Metrics Program and execution of various forms of AML risk analysis. The Manager is responsible working with all Global counterparts in Canada, USA, Asia, Europe, technology, and all Lines of Businesses for AML related metrics to ensure consistency and appropriate oversight is achieved. The Manager supports a high performance culture within the Enterprise AML Office and is the center of expertise for all reported Metrics on executive level dashboards.

• Develop, enhance and execute on delivering effective AML metrics ensuring strong and effective oversight of the Enterprise AML Program.
• Compile data to produce the AML Program Metrics dashboard including reporting for Senior Management and the Board.
• Challenge data with source owners to ensure interpretation of the data is factual and well understood.
• Support the analysis and investigation of the AML Program Metrics as required.
• Assess the adequacy of various AML Program elements and provide feedback on opportunities for improvements and decision making to Senior Management.
• Analyze and present detailed findings from review of metrics where AML risk exposure is present. Work with various control owners to understand exposure and path back to expected results / internal risk tolerances. Ensure consistent application and interpretation of all metrics across all reporting groups.
• Influence change and liaise with other internal groups around metrics and reporting for alignment and consistency of reporting.
• Support and assist with the maintenance and execution of the AML Risk Program and framework, including various forms of AML risk analysis and assessments.
• Influences and negotiates to achieve business objectives.
• Recommends and implements solutions based on analysis of issues and implications for the business.
• Identifies emerging issues and trends to inform decision-making.
• Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
• Conducts independent analysis and assessment to resolve strategic issues.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
• Identifies potential risk situations/ impacts and make recommendations or escalates as appropriate.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
• Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.
• Provides specialized analytical and technical support.
• Works independently and regularly handles non-routine situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Works independently and regularly handles non-routine situations.
• 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth knowledge of data extraction, manipulation and design of data solutions to drive business or risk management solutions.
• In-depth knowledge of quantitative techniques and economic capital methodologies.
• In-depth knowledge of financial crime risk management practices.
• In-depth knowledge of regulatory requirements.
• In-depth knowledge & experience with risk policy frameworks.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

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: https://jobs.bmo.com/global/en/Total-Rewards

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 https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

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.