NACB AMLRO Demarket Support Analyst

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The AMLRO Demarket Support Analyst contributes to a strong risk management culture through collaboration with first second and third line functions to ensure PCMLTFA/BSA/AML actions are executed according to Bank policies and applicable regulations. This position applies AML subject matter experience and institutional knowledge of Commercial processes products and business issues to contribute to NACB risk management culture and adherence to PCMLTFA/BSA/AML regulations and Bank policies. The Analyst applies detailed knowledge of BSA/AML regulatory requirements to update track interpret and communicate second line escalations and demarkets to the NACB Commercial Line of Business coordinate account closure and issue resolution with second line partners and ensure compliance with all applicable BSA/AML regulatory standards and Bank policies.

• Strategy & Change Management Support (10%):

• Participation in Enterprise AML projects ensuring all significant risks are identified assessed and appropriately managed or mitigated to achieve operational excellence.
• Collaborate with Enterprise and U.S. Commercial AML and other risk areas to define and implement Enterprise requirements for first line of defense in business units and implement program changes as needed to support requirements.
• Contribute to the development and implementation of the NACB AMLRO Risk Management strategy across the LOBs with active participation and engagement with first and second line partners.
• Support the AMLRO portion of NACB Commercial Banking risk management and contribute to strategic direction.

• Demarket & Sanctions/FIU Escalation Management (80%):

• Facilitate demarket process end to end.
• Manage tracking of demarket decisions and FIU led escalations from issuance to final resolution.
• Analyze demarket commentary to provide AMLRO recommendation of concurrence or support of appeal.
• Collect and maintain additional evidence to support and communicate decision to Line of Business.
• Maintain a centralized repository of all Commercial demarket and escalation decisions commentary communications and supporting evidence for tracking and audit purposes.
• Lead discussions with representatives of the Commercial Line of Business to ensure understanding of demarket decisions obtaining concurrence or additional detailed commentary to support appeal.
• Lead discussions with representatives of the Commercial Line of Business to resolve open escalations working with the business to obtain required information from the customer to satisfy the investigation.

• AML Ongoing Initiatives (10%):

• Assist in performing or leading special projects as requested by the NACB AML Advisory & Project Lead.
• Review feedback from the lines of business and address any concerns.
• Identify opportunities for process improvements and raise them and/or recommend solutions to Commercial AML Advisory & Project Lead.
• Maintain an up-to-date knowledge of banking regulations and company directives by reviewing reference materials and completing annual compliance courses as required in order to effectively identify and manage risk and adhere to operational and compliance requirements.

  Qualifications:

• Knowledge:

• Bachelors degree preferably in focal areas of finance economics or an accounting related field
• 3 -5 years relevant experience in the financial services industry in corporate and/or investment banking preferred 2 of which include supervisory and/or service management roles
• Direct experience in AML role or equivalent preferred
• Subject matter expertise in AML and risk control in the context of broader disciplines such as Criminal Justice Homeland Security Intelligence Operations and practical application
• Institutional knowledge of products and services as well as business unit policies and objectives
• Knowledge of AML Banking Compliance including transaction monitoring and banking product risk
• Knowledge of corporate banking regulations and law
• Knowledge of banking industry AML best practices
• Knowledge of AML gaps
• Knowledge of credit analysis credit management or treasury management
• Skills:
• Performance Management
• People Development
• Service Management
• Ability to appropriately identify and escalate issues to reporting manager
• Ability to independently prioritize and to proactively manage multiple responsibilities in a fast-paced environment
• Ability to work with high-level security access in a professional and ethical manner
• Ability to review access and provide detailed information daily and adjust as needed to ensure consistent excellent service
• Ability to work a demanding schedule under limited supervision
• Analytical skills
• Problem Solving
• Independent Thinking
• Attention to detail and ability to learn and adapt quickly
• Customer Focus / Intra-bank Communication / Relationship Building / Personal Effectiveness
• Interpersonal skills used in a demanding team environment and for internal client interaction
• Decisiveness
• Project management / Process coordination
• Business Acumen financial literacy and understanding of business trends
• Business writing skill
• Organizational skills
• Ability to use computer applications and database management tools including but not limited to MS Office programs
• Ability to use SharePoint
• Ability to use internal Bank programs

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.