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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