CAIA's Career Center is an easy-to-use, comprehensive resource connecting job seekers with employers in the growing AI field. Use your knowledge and credibility to advance your career or build a talented team for your organization. Opportunities targeted to CAIA Charterholders are prioritized.
In order to search for jobs specifically for CAIA Charterholders or those pursuing the CAIA Charter please enter “CAIA” in the search panel.
This will enable you to search for CAIA specific roles globally.
The Strategic Initiatives Advisor, AML Regulatory Initiatives & Reporting is a member of the AML Office Governance and Regulatory Effectiveness function and is accountable to identify, research, and assess regulatory and material industry developments, publications, advisories, and guidance at it relates to money laundering, terrorist financing, and sanctions measures, domestically, and where applicable internationally. The role will support the assessment, actioning, and reporting of key impacts to BMO Financial Groups AML program, identifying and engaging with key stakeholders within AML and business functions to drive and facilitate analysis and any required change management. Additionally, the role leads and develops AML reporting for senior management. The position requires in-depth knowledge AML legislation and regulatory expectations, a detail oriented critical thinker, and a strong relationship builder.
Regulatory Initiatives & Industry Developments The Strategic Initiatives Advisor is required to:
Identify, assess, action, and report on key AML regulatory initiatives including publications, projects, or activities impacting the AML Program.
Identify, assess, action, and report on material industry developments including domestic and international body publications, reports, or initiatives impacting the AML Program.
Critically assesses the above through stakeholder engagement to facilitate positive outcomes and actions.
Engage with AML Policy & Training as required to ensure any impacts to AML Policy are addressed, and that any required training is developed and delivered.
Engage with internal and external subject matter experts to facilitate understanding and approach.
AML Tactical Support The Strategic Initiatives Advisor is required to:
Tactically support the Senior Manager and broader mandate with the implementation of regulatory initiatives and changes.
Monitor the rollout of regulatory initiatives to ensure they address the intended regulation and guidance.
AML Program Reporting The Strategic Initiatives Advisor is required to:
Develop and support AML Program reporting to Senior Management
Work with key stakeholders to ensure clear understanding of all issues, metrics, top line and emerging risks, and current and projected impacts to the AML Program.
Legislative Developments The Strategic Initiatives Advisor is required to:
Work closely with all jurisdictions in which BMO operates to identify and inventory key changes and impacts to local requirements
Work closely with and support the AML Policy and Training function in an advisory capacity
Qualifications Knowledge and Skills Knowledge
Strong knowledge of Money Laundering (ML), Terrorist Financing (TF) and sanctions risk, typologies and legislation
Broad knowledge of AML systems and processes applicable to Financial Institutions
Extensive understanding of the financial services industry products and processes
Extensive understanding of AML risk, risk management, and regulatory environments
Extensive knowledge and understanding of AML operations, business services and organization
Track record of delivering significant framework design and improvement
University degree in appropriate professional discipline and/or relevant chartered professional body membership
Minimum of 6 years with progressively more responsibility in compliance, audit, risk or AML
Industry certifications (e.g. CAMS) and relevant professional designations
Strong competency in project planning and problem solving
Strong analytical and problem-solving skills
Strong leadership experience in a transformational, fast-paced environment
Experience of managing multiple, projects using a mixture of internal and external resources
Exceptional teambuilding skills
Exceptional written and oral communication skills
Exceptional coaching and development skills
Exceptional relationship management, negotiation and decision-making skills
Exceptional facilitation and change management skills
Strong organizational skills to prioritize various tasks and projects
Excellent skills related to MS Office Suite and AML specific systems
We're here to help
At BMO we have a shared purpose; we put the customer at the centre of everything we do - helping people is in our DNA. For 200 years we have thought about the future-the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we're changing the way people think about a bank.
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 https://bmocareers.com .
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.
Internal Number: 6283540
About Bank of Montreal
eFinancialCareers is a career site specializing in financial services.