Anti Money Laundering Analyst, Summer 2026 (Co-op/Internship) - 10 Weeks

BMO•Chicago, IL

1d•$45,000 - $83,000

About The Position

Provides oversight, monitoring and reporting on financial crime risks for a designated portfolio. Develops and monitors risk management framework that includes the governance framework & practices leveraged across BMO to manage financial crime risks. Provides policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance as well as effective monitoring, timely reporting and identification of action plans. Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks. Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders. Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities. Assists with the maintenance, monitoring, measurement & reporting on the status of the financial crime risk governance program and key risk indicators to internal & external stakeholders. Supports the management of governance meetings (e.g. committee, management, board meetings, etc.) as required; facilitates development and approval of agendas, gathering and distribution of documentation related to agendas, and creation of meeting minutes/output. Administers and maintains financial crime risk program activities in adherence to all policies, procedures and established processes. Identifies potential risk situations/ impacts, and make recommendations or escalates to the manager, as per guidelines. Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance. Builds effective relationships with internal/external stakeholders e.g. business stakeholders and Corporate Support Areas (CSAs) in providing ‘second line of defense’ financial crime risk management support. Manages databases and provides support for analysis, forecasting and/or data visualization, ensuring adherence with data governance standards. Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives. Coordinates and monitors the review and sign-off of attestations and reporting. Maintains tools and templates for financial crime risk programs (e.g., AML Legislative Compliance Program), as required. Focus may be on a business/group. Thinks creatively and proposes new solutions. Exercises judgment to identify, diagnose, and solve problems within given rules. Works mostly independently. Broader work or accountabilities may be assigned as needed.

Requirements

Typically between 3 – 5 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Working knowledge financial crime risk management practices.
Working knowledge of the designated business / product portfolio.
Working knowledge of regulatory requirements.
Working knowledge of quantitative techniques and economic capital methodologies.
Working knowledge & experience with risk policy frameworks; quality control / testing frameworks.
Specialized knowledge from education and/or business experience.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem solving skills - In-depth.
Influence skills - In-depth.

Responsibilities

Provides oversight, monitoring and reporting on financial crime risks for a designated portfolio.
Develops and monitors risk management framework that includes the governance framework & practices leveraged across BMO to manage financial crime risks.
Provides policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups.
Works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance as well as effective monitoring, timely reporting and identification of action plans.
Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.
Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
Assists with the maintenance, monitoring, measurement & reporting on the status of the financial crime risk governance program and key risk indicators to internal & external stakeholders.
Supports the management of governance meetings (e.g. committee, management, board meetings, etc.) as required; facilitates development and approval of agendas, gathering and distribution of documentation related to agendas, and creation of meeting minutes/output.
Administers and maintains financial crime risk program activities in adherence to all policies, procedures and established processes.
Identifies potential risk situations/ impacts, and make recommendations or escalates to the manager, as per guidelines.
Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
Builds effective relationships with internal/external stakeholders e.g. business stakeholders and Corporate Support Areas (CSAs) in providing ‘second line of defense’ financial crime risk management support.
Manages databases and provides support for analysis, forecasting and/or data visualization, ensuring adherence with data governance standards.
Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.
Coordinates and monitors the review and sign-off of attestations and reporting.
Maintains tools and templates for financial crime risk programs (e.g., AML Legislative Compliance Program), as required.
Thinks creatively and proposes new solutions.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works mostly independently.
Broader work or accountabilities may be assigned as needed.