AML Senior Counsel

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Senior Counsel provides Anti-Money Laundering (AML) legal regulatory advice and support to achieve organizational goals and/or minimize legal and regulatory risk associated with money laundering and terrorism financing. We are seeking an experienced legal professional with a strong knowledge of anti-money laundering (AML) regulations financial crimes trends and a background in the U.S. Department of Justice (DOJ) enforcement to join our team in a senior counsel role. The ideal candidate will bring deep expertise and knowledge of AML regulations including the Bank Secrecy Act the US Patriot Act the AML Act FinCEN Regulations DOJ-led investigations and enforcement actions related to financial misconduct including fraud sanctions and illicit financial activities. The candidate must have a deep understanding of the federal regulatory enforcement frameworks to support investigations risk assessments and regulatory inquiries arising from anti-money laundering or sanctions matters. The role will support BMOs U.S. AML operations by establishing and maintaining policies procedures and controls to ensure compliance with AML and economic sanctions-related requirements.

Legal and Regulatory Advisory

• Provide legal advice interpretation and counsel to BMO Financial Group on anti-money laundering legal and regulatory obligations.
• Interpret legislation and regulatory requirements affecting the organization and identify and advise on legal issues.
• Elevate legal issues as necessary with full legal analysis and recommendations.
• Lead and communicate an analysis and assessment of new legal and regulatory requirements and economic sanctions.
• Conduct research into legal and regulatory issues.

Legal and Regulatory Change Management

• Support the AML program and promote development the program throughout the enterprise.
• Monitor specific legal and regulatory regimes in order to identify developments applicable to BMO.
• Advise on legal and regulatory developments trends and emerging issues.
• Analyze summarize and communicate on legal and regulatory developments to ensure that the AML and economic sanction-related obligations are disseminated enterprise-wide.
• Provide interpretive guidance to the business by communicating the impact of legal and regulatory AML developments.
• Assist in the drafting of proposed policies necessary to address legal and regulatory developments.

Reporting

• Support AMLs activities relating to reporting on legal and regulatory developments including by preparing bulletins and other communications to the business and senior management.
• Support AMLs activities related to facilitating governance committees including preparing meeting materials relating to legal developments or emerging regulatory changes.
• Prepare AML materials for presentations on legal and regulatory developments and as directed present on AML legal and regulatory developments.

Knowledge:

• J.D. and license to practice law;
• 6 years AML experience; experience with government enforcement agencies such as the Department of Justice;
• Strong knowledge of business and regulatory environment in which BMO Financial Group operates;
• Intermediate Knowledge of financial services regulation and specifically of the BSA US Patriot Act and the AML Act and FinCEN and OFAC Regulations.

Skills:

• Strong skill in proactively providing ideas advice and solutions relative to legal and regulatory issues;
• Sound judgment analytical problem-solving and presentation skills including the ability to distill complex issues and information into concise and meaningful messages with full analysis;
• Strong verbal and written communication skills;
• Above average negotiations skills;
• Strong relationship management skills/able to relate at all levels;
• Ability to work independently or in team environment;
• Superior research and drafting skills;
• Leadership facilitation and relationship building skills

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 part-time roles will be pro-rated 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 performance-based 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 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 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 e-mail 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.