Senior Manager, Personal AML

Application Deadline:

11/29/2024

Address:

33 Dundas Street West

Job Family Group:

Business Management

• Typically between 5-7 years of relevant AML experience and post-secondary degree in related field of Risk/Compliance study or an equivalent combination of education and experience.
• AML Risk management skills - In-depth.
• Working knowledge in AML & Sanctions Regulatory requirements - in depth
• Deep knowledge and technical proficiency gained through extensive banking experience.
• Knowledge in monitoring techniques, quantitative techniques and audit methodology
• Experience in roles requiring product and process management, implementation of governance and controls and risk management oversight.
• Highly developed relationship management, negotiation and leadership skills
• Excellent change management skills
• 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.
• AML related certification (ACAMS) preferred
• People Manager - preferred

This is a hybrid role with an expectation to be in the Toronto office a minimum of 2-4 days per week.

Supports the business/group leader in the effective implementation, maintenance and administration of first line of defense (1st LOD) programs (e.g., operational risk, AML, compliance, regulatory, etc.), including overseeing business operations within the jurisdiction to ensure adherence and efficiency. Contributes to a strong risk management culture through collaboration with other first line employees, and second & third line functions to ensure Compliance, AML or operational risks are identified, mitigated, monitored and reported on an ongoing basis.

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
• Ensures alignment between values and behaviour that fosters diversity and inclusion.
• Regularly connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
• Attracts, retains, and enables the career development of top talent.
• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.
• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
• Acts as a subject matter expert on relevant regulations and policies.
• Acts as a strategic partner in which the program elements becomes an integrated component of the overall business/group strategies and helps drive business impact.
• Prepares and briefs senior leaders on regulatory matters across multiple businesses/groups.
• Supports multiple, similar business units with moderate complexity & business transaction risk.
• Represents the business/group on Governance/Risk Working Groups/Forums and provides regular updates.
• Monitors and advises on management of risk requirements within the defined risk appetite.
• Manages/supports large/complex risk programs/frameworks /projects/initiatives to ensure risks are appropriately mitigated and regulations adhered to.
• Monitors industry and legislative developments and continuously updates programs to ensure they are competitive and effective.
• Supports the position on regulatory compliance issues by interpreting requirements (existing, new and emerging) and identifying, analysing and addressing resultant gaps and issues, including those raised through the review of change initiatives. Understands the identified risk exposures and supports the development of action plans required to mitigate identified risks.
• Acts as a subject matter expert in the evaluation, development and implementation of an internal control system.
• May network with industry contacts to gain competitive insights and best practices.
• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
• Conducts independent analysis and assessment to resolve strategic issues.
• Builds effective relationships with internal/external stakeholders.
• Ensures alignment between stakeholders.
• Acts as the prime subject