NACB AMLRO Demarket Support Analyst

BMO•Chicago, IL

About The Position

The AMLRO Demarket Support Analyst contributes to a strong risk management culture through collaboration with first, second, and third line functions to ensure PCMLTFA/BSA/AML actions are executed according to Bank policies and applicable regulations. This position applies AML subject matter experience and institutional knowledge of Commercial processes, products and business issues to contribute to NACB risk management culture and adherence to PCMLTFA/BSA/AML regulations and Bank policies. The Analyst applies detailed knowledge of BSA/AML regulatory requirements to update, track, interpret and communicate second line escalations and demarkets to the NACB Commercial Line of Business, coordinate account closure and issue resolution with second line partners, and ensure compliance with all applicable BSA/AML regulatory standards and Bank policies.

Requirements

Bachelor’s degree preferably in focal areas of finance, economics, or an accounting related field
3 -5 years relevant experience in the financial services industry in corporate and/or investment banking preferred, 2 of which include supervisory and/or service management roles
Direct experience in AML role or equivalent preferred
Subject matter expertise in AML and risk control in the context of broader disciplines such as Criminal Justice, Homeland Security, Intelligence Operations and practical application
Institutional knowledge of products and services as well as business unit policies and objectives
Knowledge of AML Banking Compliance, including transaction monitoring and banking product risk
Knowledge of corporate banking regulations and law
Knowledge of banking industry AML best practices
Knowledge of AML gaps
Knowledge of credit analysis, credit management or treasury management
Performance Management
People Development
Service Management
Ability to appropriately identify and escalate issues to reporting manager
Ability to independently prioritize and to proactively manage multiple responsibilities in a fast-paced environment
Ability to work with high-level security access in a professional and ethical manner
Ability to review, access, and provide detailed information daily and adjust as needed to ensure consistent, excellent service
Ability to work a demanding schedule under limited supervision
Analytical skills
Problem Solving
Independent Thinking
Attention to detail and ability to learn and adapt quickly
Customer Focus / Intra-bank Communication / Relationship Building / Personal Effectiveness
Interpersonal skills used in a demanding team environment and for internal client interaction
Decisiveness
Project management / Process coordination
Business Acumen, financial literacy and understanding of business trends
Business writing skill
Organizational skills
Ability to use computer applications and database management tools including, but not limited to, MS Office programs
Ability to use SharePoint
Ability to use internal Bank programs

Responsibilities

Participation in Enterprise AML projects ensuring all significant risks are identified, assessed and appropriately managed or mitigated to achieve operational excellence.
Collaborate with Enterprise and U.S. Commercial AML, and other risk areas to define and implement Enterprise requirements for first line of defense in business units and implement program changes as needed to support requirements.
Contribute to the development and implementation of the NACB AMLRO Risk Management strategy across the LOBs with active participation and engagement with first and second line partners.
Support the AMLRO portion of NACB Commercial Banking risk management and contribute to strategic direction.
Facilitate demarket process end to end.
Manage tracking of demarket decisions and FIU led escalations from issuance to final resolution.
Analyze demarket commentary to provide AMLRO recommendation of concurrence or support of appeal.
Collect and maintain additional evidence to support and communicate decision to Line of Business.
Maintain a centralized repository of all Commercial demarket and escalation decisions, commentary, communications, and supporting evidence for tracking and audit purposes.
Lead discussions with representatives of the Commercial Line of Business to ensure understanding of demarket decisions, obtaining concurrence or additional detailed commentary to support appeal.
Lead discussions with representatives of the Commercial Line of Business to resolve open escalations, working with the business to obtain required information from the customer to satisfy the investigation.
Assist in performing or leading special projects as requested by the NACB AML Advisory & Project Lead.
Review feedback from the lines of business and address any concerns.
Identify opportunities for process improvements, and raise them and/or recommend solutions to Commercial AML Advisory & Project Lead.
Maintain an up-to-date knowledge of banking regulations and company directives by reviewing reference materials and completing annual compliance courses, as required, in order to effectively identify and manage risk and adhere to operational and compliance requirements.