Manager, Anti Money Laundering, Customer Risk Scoring

Application Deadline:

01/27/2025

Address:

320 S Canal Street

Job Family Group:

Audit, Risk & Compliance

The Manager, AML Customer Risk Scoring is accountable to support the execution of the governance, oversight and monitoring of the Customer Risk Scoring (CRS) lifecycle across BMOFG.  This includes risk scoring factors and methodologies, ensuring alignment across lines of businesses and Operating Groups to the AML Enterprise CRS strategy.  This role will lead on change management activities and establish relationships with management across line(s) of business (LOB), AML Office and Technology to support the CRS vision and execute enterprise-wide solutions throughout the CRS lifecycle. The role must constantly adapt to a changing regulatory environment and implement changes at an increased pace.  The role is responsible for communicating and reporting assessments and analyses to CRS senior management in support of CRS strategies and methodologies.

Risk Management and Control     

• Execute and enhance the oversight and monitoring program for the CRS lifecycle including policies and procedures to effectively enhance risk measures and combat money-laundering/ terrorist financing vulnerabilities.
• Support the execution of the target global operating model and methodologies for Customer Risk Scoring at the enterprise-level to align with AML Program objectives, enterprise risk appetite, governance and regulatory requirements
• Be an expert with respect to the capabilities and processes that support the CRS lifecycle incorporating product-related feedback into improved solutions.
• Develop and execute on tools (e.g. metrics) to monitor the efficiency and effectiveness of the CRS methodologies
• Maintain oversight of the gaps, opportunities, issues and deficiencies associated with the CRS Product and its implementation;  work with business partners to successfully mitigate risk exposures by establishing action plans
• Drive CRS methodology standards and alignment across the enterprise as applicable

Change & Innovation

• Identify trends within the AML regulatory environment and ensure that Product capabilities align to emerging trends, changing regulations and organizational risk appetite, and evolving technologies
• Synthesize and analyze data from multiple sources to provide accurate and relevant information regarding changes and emerging AML risk.
• Support the implementation and execution of the CRS strategy and roadmap across the enterprise, including providing leadership and oversight of related technology developments, projects and integrations

Client & Relationship Management

• Seek input from accountable CAMLOs, MLROs, AMLROS and stakeholders to align needs in support of the business objectives and the AML program. Possess knowledge and understand core business processes across the BMOFG associated with CRS
• Partner with other AML functions to influence the work of various data functions ensuring that the CRS strategies are supported with quality and effective data 
• Establish and maintain a network of relationships with senior management across the bank to effectively monitor the efficiency and effectiveness of the CRS methodologies and the CRS lifecycle

Business Delivery & Operational Effectiveness

• Maintain an understanding of the processes associated with the CRS Product and its integrity of operation based on values and volumes
• Provide thought leadership and implement on changes to the CRS project to optimize operational efficiency and effectiveness

Provides oversight, monitoring and reporting on financial crime risks for a designated portfolio. Develops and monitors risk management framework that includes the governance framework & practices leveraged across BMO to manage financial crime risks. Provides policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance as well as effective monitoring, timely reporting and identification of action plans.

• Acts as a trusted advisor to assigned business/group.
• Guides/assists in the identification and classification of issues; recommends action plans.
• Influences and negotiates to achieve business objectives.
• Recommends and implements solutions based on analysis of issues and implications for the business.
• Assists in the development of strategic plans.
• Identifies emerging issues and trends to inform decision-making.
• Researches existing or emerging requirements & related best practices to assist and develops