Senior Manager - Sanctions Compliance
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About The Position
A seasoned AML professional with expertise in all aspects of OFAC Compliance and experience managing a team of investigators who review moderate to complex sanctions risk exposure, specifically within wire transfers, letters or credit and other miscellaneous high risk referrals. Experience handling or dealing with the following: New Sanctions Regulations, Executive Orders, Advisories, and Alerts; General & Specific License; Blocking Property & Unblocking Blocked Property & Reporting Blocks; Rejecting Transactions & Reporting Rejects; Compiling & Reporting the Annual Report of Blocked Property; Working knowledge of other Sanctions Compliance Programs (e.g. Canada, UK, EU, etc.); Advising on Real-Time business deal with prospective client (e.g. credit facilities); Managing competing priorities in a fast-paced environment; Providing Effective Challenge on Operational Controls and Processes. Assists in the implementation, maintenance and administration of a specific compliance program. Coordinates and performs risk assessment, monitoring, testing and surveillance activities to ensure program remains current and aligned with BMO Compliance Program. Works with business/group and internal partners to ensure regulatory, corporate and fiduciary obligations are met. Advises business/group on implications of new regulatory developments or internal products, and assists to implement new/revised policies and programs to address them. Identifies risks and implements appropriate actions to mitigate them. Develops and maintains compliance information for analysis and reporting. Achieves compliance goals by maintaining current knowledge of regulatory requirements and developments. Maintains functional and regulatory expertise specific to business group, and refers to Compliance Policies & Procedures manuals for requirements. Contributes to business/group results by providing oversight and making recommendations that significantly impact the Bank's ability to monitor regulatory compliance programs, minimize operational risk and align with regulatory agencies.
