Senior Analyst, Commercial AML

BMO • Chicago, IL

3d • $45,000 - $95,000

About The Position

The Senior Analyst, Commercial AML contributes to regulatory program delivery and risk management across applicable risk types. The role supports the design, implementation, automation, and continuous improvement of governance requirements, controls, and risk management programs for a business line, helping ensure compliance with regulatory obligations and alignment with BMO’s Risk Management Framework and approved Risk Appetite.

The position works with business and other stakeholders to operationalize regulatory frameworks, monitor processes, assess control effectiveness, coordinate remediation, and report on risks. It also supports strategic and change initiatives, develops and maintains procedures, contributes to training and awareness, and helps the business prepare for audits and regulatory examinations. The role works mostly independently, exercises judgment to solve problems within established rules, and may take on broader accountabilities as needed.

Requirements

• Typically 3–5 years of relevant experience.
• A 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 team skills.
• In-depth analytical and problem-solving skills.
• In-depth influence skills.

Responsibilities

• Support the implementation of risk management programs and frameworks.
• Support strategic initiatives in collaboration with internal and external stakeholders, build effective relationships, and ensure stakeholder alignment.
• Gather and format data 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 activities.
• Monitor whether first-line-of-defence jobs follow defined processes and procedures.
• Develop, document, and maintain business or group procedures; obtain approvals and communicate changes as regulations or the operating environment change.
• Support measurable sustainment strategies, including assessing and recommending mitigations for industry- or segment-specific risks and prioritizing opportunities.
• Track exception and exemption requests and their corresponding approvals.
• Promote risk identification and management through communications, practical tools, ongoing support, and presentations.
• Support the design, development, implementation, automation, and continuous improvement of first-line-of-defence line-of-business risk management programs, policies, standards, processes, and controls.
• Work with business or group leaders to interpret and operationalize relevant regulatory frameworks and continually improve risk management programs and supporting activities.
• Conduct or support self-assessments of control effectiveness and adherence; coordinate risk remediation, respond to regulatory requirements, implement policies, and manage risk measurement and reporting.
• Develop and maintain an understanding of business strategies, products, services, stakeholders, processes, and infrastructure to identify and manage risk implications and exposures.
• Identify, investigate, analyze, document, and mitigate program risks, taking jurisdictional issues into account, and raise concerns to senior leaders and stakeholders.
• Collaborate with the first line of defence and engage with the second line of defence and Corporate Audit to identify, assess, measure, manage, and report risks within approved risk appetite.
• Analyze program impact and effectiveness through periodic reviews and recommend adjustments to programs, policies, or processes in accordance with risk appetite and governance requirements.
• Support the business during internal and external audits or regulatory examinations and assist in developing action plans to resolve identified issues.
• Support development and delivery of training and awareness programs to increase understanding of and compliance with risk management requirements.
• Apply the Risk Management Framework and make sound, risk-informed decisions in line with business strategy, approved risk appetite, policies, laws, and regulations.
• Think creatively and propose new solutions; use judgment to identify, diagnose, and solve problems within established rules.
• Take on broader work or accountabilities as needed.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans
• Performance-based incentives, discretionary bonuses, perks, and rewards may be included in total compensation.

What This Job Offers

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