Head of Audit, Risk, and Compliance

2 weeks ago


Toronto, Canada Bank of Montreal Full time
p>The Manager, AML Risk is accountable for the development and enhancements of the Risk framework and control guidance for higher risk customer types, representing Enterprise AML as the RSA (Risk Support Area) and coordinating with Operational Non-Financial Risk (ONFR) and Global Third Party Risk Management (GTPRM). This includes reviewing and approving all Corporate SEMS requests (vendor relationships) for AML risk being introduced to the organization. The Manager is also accountable for coordinating with ONFR and GTPRM partners to develop and maintain appropriate AML Risk oversight controls, as well as providing effective challenge. The Manager will also be accountable for the coordination and execution of the customer risk methodology framework and customer risk typologies.Influences and negotiates to achieve business objectives.Recommends and implements solutions based on analysis of issues and implications for the business.Helps determine business priorities and best sequence for execution of business/group strategy.Conducts independent analysis and assessment to resolve strategic issues.Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.Leads and integrates the monitoring, measurement & reporting on the status of the AML risk program to internal & external stakeholders.Provides input into the planning and implementation of ongoing operational programs in support of the AML risk framework.Leads/participates in the design, implementation and management of core business/group processes.Identifies potential risk situations/ impacts and make recommendations.Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.Builds effective relationships with internal/external stakeholders e.g. business stakeholders and Risk Support Areas (RSAs) in providing ‘second line of defense’ AML risk management support.Manages, queries and manipulates data sets to provide support for AML risk analysis and/or data visualization.Analyzes data and information to provide insights and recommendations; includes identification of AML risk impacts for new processes and workflows related to initiatives.Provides specialized consulting, analytical and technical support.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 data extraction, manipulation and design of data solutions to drive business or risk management solutions.In-depth knowledge of financial crime risk management practices.In-depth knowledge of regulatory requirements.In-depth knowledge & experience with risk policy frameworks.

Application Deadline: 12/06/2024

Address: 100 King Street West

Job Family Group: Audit, Risk & Compliance

Salary: $68,000.Salaries for part-time roles will be pro-rated based on number of hours regularly worked. p>

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