Senior Analyst, Commercial AML

Bank of Montreal • Chicago, IL

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About The Position

The Senior Analyst, Commercial AML contributes to the delivery of regulatory programs and risk management frameworks for a business unit. The role supports the design, development, automation, coordination, and continuous improvement of evidence-based controls and risk management programs across applicable financial and non-financial risks. It helps the business meet regulatory obligations in alignment with BMO’s Risk Management Framework and approved Risk Appetite.

The position works with business and group leaders to interpret and operationalize relevant regulatory frameworks, maintain procedures and policies, and identify, investigate, document, and mitigate program risks. It supports control effectiveness assessments, risk remediation, regulatory responses, audits and examinations, and risk measurement and reporting. The role also contributes to stakeholder coordination, change management, training, and initiatives that promote risk awareness and a strong risk culture.

Requirements

• Typically 3–5 years of relevant experience.
• Post-secondary degree in a related field of study, or an equivalent combination of education and experience.
• Good program management skills.
• Specialized knowledge gained through education and/or business experience.
• In-depth verbal and written communication skills.
• In-depth collaboration and teamwork skills.
• In-depth analytical and problem-solving skills.
• In-depth influence skills.

Responsibilities

• Support the delivery of regulatory programs and implementation of risk management programs and frameworks.
• Contribute to the design, development, automation, coordination, and continuous improvement of risk management programs, controls, policies, standards, processes, and procedures.
• Support effective compliance with regulatory obligations in alignment with BMO’s Risk Management Framework and approved Risk Appetite.
• Work with business and group leaders to interpret, apply, and operationalize relevant regulatory frameworks across the line of business and jurisdiction.
• Monitor whether first-line jobs are following defined processes and procedures.
• Develop, document, maintain, and communicate business and group procedures as regulations or the operating environment change, and obtain required approvals.
• Conduct or support self-assessments of control effectiveness and adherence, coordinate first-line risk remediation, respond to regulatory requirements, and support policy implementation and risk measurement and reporting.
• Develop an understanding of business strategies, objectives, products, services, stakeholders, processes, and infrastructure to identify risk exposures and implications.
• Identify, investigate, analyze, document, and mitigate program risks, taking jurisdictional issues into account, and raise concerns to senior leaders and stakeholders.
• Collaborate with first-line teams and engage with the Second Line of Defence and Corporate Audit to identify, assess, measure, manage, and report risks.
• Analyze program impact and effectiveness through periodic reviews and recommend adjustments to programs, policies, or processes.
• Support internal and external audits and regulatory examinations, including developing action plans to address identified issues.
• Support the development and delivery of risk management training and awareness programs.
• Gather and format information for regular and ad-hoc reports and dashboards.
• Build change management plans and lead or participate in readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment.
• Track exception and exemption requests and their approvals.
• Build awareness and skills through communications, presentations, practical tools, and ongoing support.
• Build effective relationships with internal and external stakeholders and ensure alignment between them.
• Make sound, risk-informed decisions in accordance with business strategy, applicable policies, laws, regulations, and the Bank’s approved Risk Appetite.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans
• Performance-based incentives, discretionary bonuses, and other perks and rewards may be included depending on the compensation package.
• Training and coaching, manager support, and network-building opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level