US Anti Money Laundering Governance Communications Advisor

Company: Bank of Montreal
Location: Chicago
Posted on: November 6, 2024

Job Description:

US Anti Money Laundering Governance Communications Advisor
Location: Chicago, IL, USA
Time Type: Full time
Posted on: 29 Days Ago
Application Deadline: 10/30/2024
Address: 320 S Canal Street
Job Family Group: Audit, Risk & Compliance
Responsibilities:

• 
  
• Assists in the implementation, maintenance and administration of a specific compliance program.
  
• Coordinates and performs risk assessment, monitoring, testing and surveillance activities to ensure program remains current and aligned with BMO Compliance Program.
  
• Works with business/group and internal partners to ensure regulatory, corporate and fiduciary obligations are met.
  
• Advises business/group on implications of new regulatory developments or internal products, and assists to implement new/revised policies and programs to address them.
  
• Identifies risks and implements appropriate actions to mitigate them.
  
• Develops and maintains compliance information for analysis and reporting.
  
• Achieves compliance goals by maintaining current knowledge of regulatory requirements and developments.
  
• Maintains functional and regulatory expertise specific to business group.
  
• Contributes to business/group results by providing oversight and making recommendations that significantly impact the Bank's ability to monitor regulatory compliance programs.
  
• Support the US AML Governance team with oversight activities related to issue management and reporting.
  
• Prepare monthly and quarterly management level reports, along with ad-hoc requests as needed.
  
• Represent the US AML Governance unit in forums.
  
• Provides advice and guidance to assigned business/group on implementation of solutions aligned to regulatory risk appetite.
  
• Consults on new products, services and automated systems to assist with incorporating compliance requirements into these initiatives.
  
• Identifies and advises on emerging issues and trends to inform decision-making.
  
• Helps determine business priorities and best sequence for execution of business/group strategy.
  
• Builds effective professional relationships with business group, internal/external stakeholders and trust with regulators.
  
• Analyses and reports on compliance data, and related data to gain insights on regulatory risk.
  
• Oversees the development and maintenance of guidelines and procedures.
  
• Participates in the design, implementation and management of core business/group processes.
  
• Conducts and/or effectively challenges risk assessments for business/group.
  
• Performs and/or effectively challenges monitoring and testing activities to ensure regulatory compliance controls are operating.
  
• Supports root cause analysis in response to material control failures in business/group.
  
• Identifies, assesses, effectively challenges and oversees the satisfactory resolution of issues.
  
• Analyzes and reports compliance information to Compliance and business/group management.
  
• Advises first line of defense management and employees on compliance matters.
  
• Ascertains training needs and helps develop training based on gaps identified through compliance monitoring.
  
• Identifies enhancements to business group compliance tools and processes.
  
• Assists business group management in communicating and implementing changes to applicable regulatory policies and procedures.
  
• Represents the business/group Compliance team and interacts with examiners/auditors during audits and examinations.
  
• Anticipates/ identifies and analyses risk and consequences of unaddressed risk factors/compliance gaps.
  
• Operates effectively within a high stress environment with constantly changing expectations.
  
• Provides specialized consulting, analytical and technical support.
  
• Works independently and regularly handles non-routine situations.
  
  Qualifications:
  
  • 
    
  • Typically minimum of 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
    
  • Recognized compliance certificate or equivalent preferred.
    
  • Detailed knowledge of consumer protection regulations.
    
  • Skilled knowledge of regulatory/compliance requirements.
    
  • Strong communication, critical thinking, relationship management and project management skills.
    
  • Deep knowledge and technical proficiency gained through extensive education and business experience.
    
  • Verbal & written communication skills - In-depth.
    
  • Collaboration & team skills - In-depth.
    
  • Analytical and problem solving skills - In-depth.
    
  • Influence skills - In-depth.
    
  • Data driven decision making - In-depth.
    
    Salary: $79,800.00 - $148,000.00
    Pay Type: Salaried
    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.
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    At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life.
    BMO is committed to an inclusive, equitable and accessible workplace. BMO is an equal opportunity/affirmative action employer.
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Keywords: Bank of Montreal, Wheaton , US Anti Money Laundering Governance Communications Advisor, Other , Chicago, Illinois