Application Deadline:

04/29/2025

Address:

320 S Canal Street

Job Family Group:

Audit, Risk & Compliance

The Senior Manager U.S. Anti-Money Laundering (AML) Governance applies detailed knowledge of regulatory requirements along with in-depth knowledge of BMO U.S. Legal Entities and Lines of Business (LE/LOBs) to execute corporate AML Policy/Program and Governance mandates within U.S. AML. The Senior Manager U.S. AML Governance provides subject matter expertise on the U.S. AML Subsidiary Policy and Enterprise AML Program Manual (U.S. Version), Specialized Due Diligence Guidance, Delegation/Contract Matrices, and other documents that support the Program Manual.

The Senior Manager U.S. AML Governance is responsible for ensuring the AML Policy and AML Program Manual are updated as required and socializes changes with the various boards, committees and legal entities annually. This person may also provide AML Program Manual interpretation and messaging to first and second line business partners and ensures AML Governance related procedures, processes, and charters remain up to date. This individual supports the U.S. AML Governance Framework and application of such across the U.S. AML Office, U.S. AROC, and other forums and meetings under U.S. AROC. Maintains the U.S. AML Program Delegation of Authority matrix and documentation of execution and maintains the U.S. AML Decisions Rights Matrix and documentation of execution.

The Senior Manager U.S. AML Governance collaborates with U.S. AML Business Liaisons regarding Program Manual requirements and issues impacting LE/LOBs. This individual collaborates with the U.S. Governance Office and U.S. Compliance team regarding BMO U.S. expectations and alignment to those broader mandates outlined in related directives.

This individual provides ad-hoc analysis and reports on myriad of AML topics as requested and may participate in project management or related initiatives to address changes in regulatory requirements and expectations.

Key Accountabilities

Responsible for ensuring the Policy/Program Manual are updated as required and socializes changes with the various boards, committees and legal entities annually.Ensures the Governance related procedures, policies, and AML Program Guidance maintain a current and accurate status and receive necessary approvals.Maintains the U.S AML Governance Framework document and delivers training on the Framework to employees as required.Responsible for the execution of corporate governance mandates within U.S. AML.  Aids in the accomplishment of U.S. AML Governance Framework objectives through effective execution of enterprise-wide initiatives. Supports application of U.S AML Governance Framework across the U.S. AML Office, U.S. AROC, and other forums and meetings under U.S. AROC.Serves as U.S. AROC Secretary and prepares, maintains, and publishes U.S. AROC materials.Responsible for the initiation, revision process and execution of certain AML Office sponsored agreements including but not limited to Business Partnership Agreements and the AML Reliance Agreements.Engages with the Enterprise AML Governance team on program level content and directives.Collaborates with AML Business Liaisons to ensure that LE/LOB level procedures adhere to U.S. requirements and in development of various agreements and AML Program documents.Serves as the Business Unit Compliance Officer (BUCO) on behalf of the AML OfficeMaintains a relationship with the U.S. Governance Office and represents the U.S. AML Office as the U.S. AML governance contact.Fields, researches and responds to U.S. AML Governance questions from LE/LOBs and second line business units.Accountable for responding to Policy/Program exam and audit requests.Provides ad-hoc analysis and reports on myriad of AML topics as requested and may participate in project management or related initiatives to address changes in regulatory requirements and expectations.Maintains current knowledge of AML and OFAC regulations and U.S. Governance requirements.  Monitors developments and trends that may impact U.S. AML Program requirements.  Stays abreast of industry best practices and applies them to AML governance initiatives.

Qualifications:

5+ years in an AML compliance role or related compliance experience preferredDemonstrated leadership abilityBachelor’s degree preferredMaintaining or pursuing an AML-related certification (e.g., CAMS)In depth knowledge of AML and OFAC regulatory requirementsKnowledge of the Bank’s approach to governance and risk management and understanding of BMO’s business, processes and operations preferredStrong analytical and problem solving skillsExperienced presenter, with strong communication skills and ease interacting with all levels of managementTypically 8+ years of relevant experience and a 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 and related marketing and advertising guidelines.Serves as a specialist resource to senior leaders and stakeholders with advanced knowledge of regulatory/ compliance requirements and the operations of a single or multiple business/groups.May require experience at regulatory body for one or more compliance area(s).Strong communication, critical thinking, relationship management and project management skills.Seasoned professional with a combination of education, experience and industry knowledge.Verbal & written communication skills - In-depth / Expert.Analytical and problem solving skills - In-depth / Expert.Influence skills - In-depth / Expert.Collaboration & team skills; with a focus on cross-group collaboration - In-depth / Expert.Able to manage ambiguity.Data driven decision making - In-depth / Expert.

Salary:

$110,000.00 - $204,100.00

Pay Type:

Salaried

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 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: https://jobs.bmo.com/global/en/Total-Rewards

About Us

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 http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.

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.