Senior Manager, Personal AML

We are seeking a highly skilled Senior Manager, Personal AML to join our team at BMO. As a key member of our compliance and risk management team, you will be responsible for ensuring the effective implementation and maintenance of first-line-of-defense (1LOD) programs, including operational risk, AML, compliance, regulatory, and other related areas.

• Oversee business operations within the jurisdiction to ensure adherence and efficiency.
• Contribute to a strong risk management culture through collaboration with other first-line employees, and second- and third-line functions.
• Foster a culture aligned to BMO's purpose, values, and strategy.
• Ensure alignment between values and behavior that fosters diversity and inclusion.
• Regularly connect work to BMO's purpose, set inspirational goals, define clear expected outcomes, and ensure clear accountability for follow-through.
• Build interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.
• Attract, retain, and enable the career development of top talent.
• Improve team performance, recognize and reward performance, coach employees, support their development, and manage poor performance.
• Make recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.
• Act as a subject matter expert on relevant regulations and policies.
• Act as a strategic partner in which the program elements become an integrated component of the overall business/group strategies and help drive business impact.
• Prepare and brief senior leaders on regulatory matters across multiple businesses/groups.
• Support multiple, similar business units with moderate complexity and business transaction risk.
• Represent the business/group on Governance/Risk Working Groups/Forums and provide regular updates.
• Monitor and advise on management of risk requirements within the defined risk appetite.
• Manage/support large/complex risk programs/frameworks/projects/initiatives to ensure risks are appropriately mitigated and regulations adhered to.
• Monitor industry and legislative developments and continuously update programs to ensure they are competitive and effective.
• Support the position on regulatory compliance issues by interpreting requirements (existing, new, and emerging) and identifying, analyzing, and addressing resultant gaps and issues, including those raised through the review of change initiatives.
• Act as a subject matter expert in the evaluation, development, and implementation of an internal control system.
• May network with industry contacts to gain competitive insights and best practices.
• Recommend business priorities, advise on resource requirements, and develop a roadmap for strategic execution.
• Manage resources and lead the execution of strategic initiatives to deliver on business and financial goals.
• Conduct independent analysis and assessment to resolve strategic issues.
• Build effective relationships with internal/external stakeholders.
• Ensure alignment between stakeholders.
• Act as the prime subject matter expert for internal/external stakeholders.
• Break down strategic problems, and analyze data and information to provide insights and recommendations.
• Monitor and track performance, and address any issues.
• Lead change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.
• Lead the execution of operational programs; assess and adapt as needed to ensure quality of execution.
• Monitor to ensure that 1LOD jobs are following defined processes and procedures.
• Develop, document, and maintain business/group procedures, updating and obtaining approvals as regulations or the operating environment changes, and communicate changes to the business/group and relevant stakeholder groups.
• Design measurable sustainment strategies, including assessing and recommending mitigations for industry/segment-specific risks and prioritizing opportunities presented by internal and external stakeholders.
• Track exception/exemption requests and corresponding approvals.
• Facilitate training to ensure business unit employees fully understand requirements.
• Provide quality control for investigations, self-reports, examinations, and independent reviews conducted by internal and external stakeholders, including regulators, providing verbal and written responses to requests for positions, action plans, information, and/or documentation.
• May act as the designated Primary Business Unit Compliance Officer (BUCO) and/or Anti-Money Laundering Reporting Officer for the operating group and is accountable to meet all program requirements (e.g., Operating Group Compliance Program, AML Program Framework).
• Build awareness, knowledge, and skills, and, as necessary, provide communication, practical tools, and ongoing support, including making presentations, to promote a culture of risk identification and management.
• Support the management of 1LOD program for the business/group in compliance with appropriate principles, standards, and direction from the second line of defense groups. Includes developing and promoting program and ensuring the execution of all program components.
• Work with assigned business/group leaders to implement 1LOD programs and frameworks, developing and maintaining an in-depth understanding of the applicable regulatory and internal risk management requirements. Interpret and provide advice on the application of the requirements for the business/group.
• Develop and maintain an understanding of the business/group strategies and objectives, products and services, internal and external stakeholders, and business processes, as well as the underlying infrastructure to identify and manage implications and risk exposures for the business/group.
• Identify, investigate, analyze, document, and mitigate program risks, taking into account jurisdictional issues, and raise any issues or concerns to senior leaders and other stakeholders.
• Analyze the impact and effectiveness of the program through periodic reviews.
• Recommend adjustments to the overall program, policy, or processes within the business/group in accordance with the Risk Appetite Statement, Governance, and Corporate Policy.
• Support the business/group through internal/external audits or regulatory examinations and assist in the development of action plans to resolve any identified issues.
• Provide support to the development and delivery of training and awareness programs within the business/group to increase awareness of and compliance to risk management requirements.
• Operate at a group/enterprise-wide level and serve as a specialist resource to senior leaders and stakeholders.
• Apply expertise and think creatively to address unique or ambiguous situations and to find solutions to problems that can be complex and non-routine.
• Implement changes in response to shifting trends.
• Broaden work or accountabilities may be assigned as needed.

Qualifications:

• Typically 7+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Program Management skills - Expert.
• Seasoned professional with a combination of education, experience, and industry knowledge.
• Verbal and written communication skills - In-depth/Expert.
• Analytical and problem-solving skills - In-depth/Expert.
• Influence skills - In-depth/Expert.
• Collaboration and team skills, with a focus on cross-group collaboration - In-depth/Expert.
• Able to manage ambiguity.
• Data-driven decision making - In-depth/Expert.

Salary:

Pay Type:

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 the 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 savings plans. To view more details of our benefits, please visit:

We're here to help

At BMO, we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities, and our people. By working together, innovating, and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team, you are valued, respected, and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more, visit us at .

BMO is committed to an inclusive, equitable, and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written, and fully executed agency agreement contract for service to submit resumes.