Senior Counsel, Anti-Money Laundering

Application Deadline:

02/27/2025

Address:

320 S Canal Street

Job Family Group:

Legal

Senior Counsel provides Anti-Money Laundering (“AML”) legal, regulatory advice and service to achieve organizational goals and/or minimize legal and regulatory risk associated with money laundering and terrorism financing. The role will support BMO’s U.S. AML operations by establishing and maintaining policies, procedures, and controls to ensure compliance with AML and economic sanctions-related obligations. The ideal candidate will have knowledge of AML regulations, including the Bank Secrecy Act, the US Patriot Act, the AML Act, FinCEN Regulations, and is required to manage the legal and regulatory risks in support of BMO’s AML and Sanctions program.

Legal and Regulatory Advisory

• Provide legal advice, interpretation and counsel to BMO Financial Group on anti-money laundering legal and regulatory obligations.

• Interpret legislation and regulatory requirements affecting the organization and identify and advise on legal issues.

• Elevate legal issues, as necessary, with full legal analysis and recommendations.

• Lead and communicate an analysis and assessment of new legal and regulatory requirements and economic sanctions.

• Conduct research into legal and regulatory issues.

Legal and Regulatory Change Management

• Support the AML program and promote development the program throughout the enterprise.

• Monitor specific legal and regulatory regimes in order to identify developments applicable to BMO.

• Advise on legal and regulatory developments, trends and emerging issues.

• Analyze, summarize and communicate on legal and regulatory developments to ensure that the AML and economic sanction-related obligations are disseminated enterprise-wide.

• Provide interpretive guidance to the business by communicating the impact of legal and regulatory AML developments.

• Assist in the drafting of proposed policies necessary to address legal and regulatory developments.

Reporting

• Support AML’s activities relating to reporting on legal and regulatory developments, including by preparing bulletins and other communications, to the business and senior management.

• Support AML’s activities related to facilitating governance committees, including preparing meeting materials relating to legal developments or emerging regulatory changes.

• Prepare AML materials for presentations on legal and regulatory developments and, as directed, present on AML legal and regulatory developments.

Knowledge:

• J.D. and license to practice law;

• 6+ years experience

• Strong knowledge of business regulatory environment in which BMO Financial Group operates;

• Intermediate Knowledge of financial services regulation, and specifically of the BSA, US Patriot Act and the AML Act and FinCEN and OFAC Regulations.

Skills:

• Strong skill in proactively providing ideas, advice and solutions relative to legal and regulatory issues;

• Sound judgment, analytical, problem-solving and presentation skills, including the ability to distill complex issues and information into concise and meaningful messages with full analysis;

• Strong verbal and written communication skills;

• Above average negotiations skills;

• Strong relationship management skills/able to relate at all levels;

• Ability to work independently or in team environment;

• Superior research and drafting skills;

• Leadership, facilitation and relationship building skills.

Salary:

$130,000.00 - $241,200.00

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, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement s