Specialist I-IC First Line of Defense

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As part of the NACB Know Your Customer (KYC) Team the Senior Analyst is responsible for supporting compliance by NACB lines of business under the NA Commercial Bank umbrella (including Treasury & Payment Solutions (TPS) with required BSA/AML/KYC and PCMLTFA guidelines and AML Program provided by the U.S. and Enterprise AML Office. This includes onboarding new clients updating existing clients and periodic reviews of existing clients. Working directly with the NACB lines of business TPS Sales and the AML Office (U.S. and Enterprise) the Senior Analyst collects all required documents and data assesses customer AML risk and generates AML KYC Checklists. The Senior Analyst documents and records AML due diligence information gathered to ensure that mandated procedures have been followed mitigate risk and ensure all clients are in compliance.

Monitoring and Reporting (60%):

• Respond to onboarding and/or update requests from Commercial Banking and TPS Sales teams.
• Gather required customer AML data and enter it into the AML book of record system (CMCIF) in order to either create a new or update an existing KYC Checklist.
• Review deal files third party websites and system information to augment data scanning and storing screenshots or documents as required.
• Adjudicate hits on any system name searches by consulting with internal OFAC Unit.
• Work with the U.S. and Enterprise AML Office High Risk Unit to assess and updatehigh risk ratings as needed.
• Work with Commercial Banking and TPS Sales teams to obtain RM and TPS review and approval of all AML data.
• Ensure Livelink folders are accurately maintained scanning all current information including final KYC checklist and all associated additional client documentation.
• Complete clients AML annual reviews which include review of all current client information on all available systems drafting a revised KYC Checklist based on that information and requesting the RM and TPS Sales representative to review and approve each draft. Upon approval of the draft the Senior Analyst scans the updated KYC Checklist and all associated additional client documentation into the appropriate Livelink folders.
• Respond to and provide daytoday processing of all requests for an assigned market in order to provide the expected level of customer service and meet target dates.
• Advise lines of business regarding AML information and documentation requirements and ensure that no deals loans or account openings move forward until required AML risk assessments and KYC Checklist have been completed.
• Serve as the main point of contact for status updates on AML processing from the assigned market.
• Recognize and escalate highrisk triggers to the appropriate area for review and decision.
• Accurately and thoroughly complete final KYC Checklist and electronic storage of all related supporting documentation such as Office of Foreign Asset Control (OFAC) results third party website information and client identification documentation.
• Inform lines of business when a customer is prohibited based on information provided or gathered from other sources.
• Manage several requests simultaneously prioritizing as needed in order to meet promised deadlines and client demand. Review the teams work for accuracy and completion and escalate findings to the appropriate Team Leader.
• Conduct peer quality assurance reviews which involve the scrutinizing of completed KYC Checklists and Annual Reviews for completeness accuracy and adherence to procedures.

AML Program Issues (20%)

• Interact with staff of all levels in NACB as well as the U.S. and Enterprise AML Office as necessary for issue resolution or escalation involving management as needed in order to ensure that the customers needs are met or exceeded.
• Ensure delivery of exemplary internal client service by troubleshooting and providing issue resolution in a professional ethical and courteous manner.

Knowledge (10%)

Maintain up to date subject matter expertise in the areas of AML and banking regulations by reviewing the appropriate

• reference material and completing annual compliance training courses as required in order to effectively manage risk operational and compliance requirements.
• Apply subject matter expertise and institutional knowledge of NACB customers products and services to adhere to banking regulations and company directives

Training (5%)

• Apply subject matter expertise to reply to AMLrelated questions within the assigned market.
• Assist the KYC Team Leader with training and act as a go to person for less experienced Analysts.

Strategy and Change Management (5%)

• Identify any gaps issues and best practices and raise them to the management team.

Salary:

Pay Type:

The above represents BMO Financial Groups pay range and type.

Salaries will vary based on factors such as location skills experience education and qualifications for the role and may include a commission structure. Salaries for parttime roles will be prorated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.

BMO Financial Groups total compensation package will vary based on the pay type of the position and may include performancebased incentives discretionary bonuses as well as other perks and rewards. BMO also offers health insurance tuition reimbursement accident and life insurance and retirement savings plans. To view more details of our benefits please visit: Us

At BMO 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 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 indepth training and coaching to manager support and networkbuilding opportunities well help you gain valuable experience and broaden your skillset.

To find out more visit us at is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race religion color national origin sex (including pregnancy childbirth or related medical conditions) sexual orientation gender identity gender expression transgender status sexual stereotypes age status as a protected veteran status as an individual with a disability or any other legally protected characteristics. We also consider applicants with criminal histories consistent with applicable federal state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process please send an email to and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO directly or indirectly will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid written and fully executed agency agreement contract for service to submit resumes.