Senior Manager, AML Risk Assessment & Methodology

Application Deadline:

08/22/2024

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

The Senior Manager, AML Risk Assessment and Methodology is accountable for leading and driving the successful development, maintenance and implementation of the AML Program risk methodology that is used to assess Money Laundering/ Terrorist Financing and Sanctions Compliance risks across BMO Financial Group (BMOFG). This role will lead a team responsible for the development, oversight and change management activities of the AML Program risk methodology and establish frameworks to manage ML/TF and Sanctions risk for higher risk customer segments and geographies as well as ensuring AML program risk is appropriately assessed, managed, and monitored through other risk support areas (RSA) processes across BMOFG.  The role must constantly adapt to a changing internal and external environment, managing risk and regulatory exposure at an increased pace. 

Knowledge:

• University education or relevant business experience

• Demonstrated experience in AML and knowledge of industry trends

• Strong knowledge of bank processes and products

• CAMS designation preferred

Skills:

• Analytical Thinking (Expert)

• Change Leadership (Expert)

• Environmental Understanding (Expert)

• Influence (In-depth)

• Organizational Understanding (Expert)

• Risk Management (Expert)

• Relationship Management (Expert)

• Resource Planning (In-depth)

• Strategic Thinking (Expert)

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture.  #ERPMDreamJobs

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.

• 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.

• Provides strategic input into business decisions as a trusted advisor

• 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.

• May network with industry contacts to gain competitive insights and best practices.

• Interprets new regulations and assesses impacts to the governance framework.

• Develops reports on the status of the governance program or framework components to various internal & external stakeholder audiences.

• Influences and negotiates to achieve business objectives.

• Identifies emerging issues and trends to inform decision-making.

• 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.

• Measures the effectiveness of risk governance system and framework; recommends changes as required.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Ensures alignment between stakeholders.

• Represents the risk program / governance structure during internal/external regulatory audits