Director, Risk Assessment

Application Deadline:

09/02/2024

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

The Director, Enterprise AML Risk oversees the strategy, management and implementation of the Enterprise AML Risk Assessment Program and Enterprise AML Metrics Monitoring.  This encompasses the establishment of the AML Program Risk Framework and oversees the development, management and execution of an effective AML risk program including methodologies for assessing customers, products and geographies as well as the development, execution, oversight and reporting of AML metrics, monitoring for trends and deviations from established thresholds and reporting results to Senior Management and the Board.  .

This role will identify, assess and manage risks across the AML Program and is responsible for driving change necessary to the risk framework and methodologies across BMO.  The role will require development of strong relationships with senior management within the relevant line(s) of business (LOB), AML Office and Technology to establish and to deliver enterprise-wide solutions throughout the Risk Management lifecycle. The role must constantly adapt to a changing regulatory environment, develop and implement changes at an increased pace.  The role is responsible for hiring and designing a sustainable AML risk program.

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.

• Acts as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives.

• Develops an expert understanding of business/group challenges.

• Networks with industry contacts to gather competitive insights and best practices.

• Recommends measures to improve organizational effectiveness.

• May consult to or serve on various committees and task forces.

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

• 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 contact for internal/external stakeholder relationships, which may include regulators.

• Ensures alignment between stakeholders.

• Represents the risk program / governance structure during internal/external regulatory audits and/or examinations.

• Leads the development of the communication strategy focusing on positively influencing or changing behaviour.

• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

• Assesses and adapts existing operational programs; develops new capabil