Manager, US AML Customer Risk Scoring

Application Deadline:

04/16/2024

Address:

320 S Canal Street

Job Family Group:

Audit, Risk & Compliance

The Manager, AML Customer Risk Scoring (CRS) is accountable to lead the execution of the governance, oversight and monitoring activities 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 and AML Enterprise risk scoring and CRS strategy.  This role will execute 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 from CRS to senior management in support of CRS strategies and methodologies.

Key Accountabilities:

Risk Management and Control

• Execute and enhance the oversight and monitoring program for CRS 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 CRS 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 CRS incorporating CRS-related feedback into improved solutions

• Execute and enhance 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 CRS; 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 CRS 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 of the CRS strategy and roadmap across the Enterprise including oversight of related technology developments 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 and to know and understand core businesses and processes of the organization associated with CRS

• Partner with the 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

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

Qualifications:

• Typically between 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 financial crime risk management practices.

• Analytical and problem solving skills - In-depth.

• Data driven decision making - In-depth.

• Strong excel and SQL a plus (simple SQL)

• In-depth knowledge of the designated business / product portfolio.

• In-depth knowledge of regulatory requirements.

• In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.

• Verbal & written communication skills - In-depth.

• Collaboration & team skills - In-depth.

• Influence skills - In-depth.

Compensation and Benefits:

$72,500.00 - $134,500.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, an