Governance Advisor Governance Advisor …

BMO Financial Group
in Chicago, IL, USA
Festanstellung, Vollzeit
Seien Sie der erste Bewerber
Competitive
BMO Financial Group
in Chicago, IL, USA
Festanstellung, Vollzeit
Seien Sie der erste Bewerber
Competitive
Governance Advisor
AML Governance Advisor Chicago, IL, USA/en-US/External/job/Chicago-IL-USA/AML-Governance-Advisor_R200010174/apply

Address:

200 W Adams Street

Job Family Group:

Audit, Risk & Compliance

The AML Governance Advisor applies detailed knowledge of regulatory requirements along with in-depth knowledge of BMO U.S. Legal Entities and Lines of Business (LE/LOBs) to execute corporate AML Policy/Program and Governance mandates within U.S. AML. The Governance Advisor provides subject matter expertise on the U.S. AML Subsidiary Policy and Enterprise AML Program Manual (U.S. Version), Specialized Due Diligence Guidance, Delegation/Contract Matrices, and other documents that support the Program Manual.

The Governance Advisor is responsible for ensuring the Policy/Program Manual are updated as required and socializes changes with the various boards, committees and legal entities annually. This person may also provide Program Manual interpretation and messaging to first and second line business partners and ensures Governance related procedures, processes, and charters remain up to date. This individual supports the U.S AML Governance Framework and application of such across the U.S. AML Office, U.S. AROC, and other forums and meetings under U.S. AROC. Maintains U.S. AML Program Delegation of Authority matrix and documentation of execution and maintains the U.S. AML Decisions Rights Matrix and documentation of execution. Responsible for ensuring that the U.S. AML Policy, Program and procedure documents are current; and are reviewed and approved by Bank committees and other parties as appropriate.

The Governance Advisor collaborates with U.S. AML Business Liaisons regarding Program Manual requirements and issues impacting LE/LOBs. This individual provides ad-hoc analysis and reports on myriad of AML topics as requested and may participate in project management or related initiatives to address changes in regulatory requirements and expectations.

Key Accountabilities

AML Governance and Initiatives (70%)

  • Responsible for ensuring the Policy/Program Manual are updated as required and socializes changes with the various boards, committees and legal entities annually.
  • Ensures the Governance related procedures, policies, and AML Program Guidance maintain a current and accurate status and receive necessary approvals.
  • Maintains the U.S AML Governance Framework and delivers training on the Framework to employees as required.
  • Collaborates with AML Business Liaisons to ensure that LE/LOB level procedures adhere to U.S. requirements and in development of various agreements and AML Program documents.
  • Serves as U.S. AROC secretary and supports application of U.S AML Governance Framework across the U.S. AML Office, U.S. AROC, and other forums and meetings under U.S. AROC.
  • Responsible for the initiation, revision process and execution of certain AML Office sponsored agreements including but not limited to Business Partnership Agreements and the AML Reliance Agreements.
  • Serves as the Business Unit Compliance Officer (BUCO) on behalf of the AML Office
  • Maintains a relationship with the U.S. Governance Office and represents the U.S. AML Office as the U.S. AML governance contact.
  • Accountable for responding to Policy/Program exam and audit requests.
  • Provides ad-hoc analysis and reports on myriad of AML topics as requested and may participate in project management or related initiatives to address changes in regulatory requirements and expectations.
  • Subject Matter Execution (30%)

  • Maintains current knowledge of AML and OFAC regulations and U.S. Governance requirements. Monitors developments and trends that may impact regulatory requirements. Stays abreast of industry best practices and applies them to AML governance initiatives.
  • Fields, researches and responds to AML Governance questions from LE/LOBs and second line business units.
  • Subject matter expert on the AML Policy and Program, with a special emphasis on customer due diligence (CDD) requirements and practices and SME on the U.S. AML Governance Framework.
  • Responsible for the execution of corporate governance mandates within U.S. AML. Aids in the accomplishment of U.S. AML Governance Framework objectives through effective execution of enterprise-wide initiatives.
  • Engages with the Enterprise governance teams on program level content and directives.

Knowledge and Skills

  • 5+ years in an AML compliance role or related compliance experience preferred
  • Demonstrated leadership ability
  • Bachelors degree preferred
  • Maintaining or pursuing an AML-related certification (e.g., CAMS)
  • In depth knowledge of AML and OFAC regulatory requirements
  • Knowledge of the Banks approach to governance and risk management and understanding of BMOs business, processes and operations preferred
  • Strong analytical and problem solving skills
  • Experienced presenter, with strong communication skills and ease interacting with all levels of management

Were here to help

At BMO Harris Bank we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO Harris Bank team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one for yourself and our customers. Well support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, well help you gain valuable experience, and broaden your skillset.

To find out more visit us at .

BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each others differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Posted YesterdayFull timeR200010174 BMO Financial Group

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets, our North American investment and corporate banking division.

In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets, our North American investment and corporate banking division.

We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.
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