AML Analyst (FINTRAC Reporting)

at  BMO Financial Group

100 King Street West Toronto Ontario,M5X 1A1

The Analyst is accountable for supporting oversight and governance of Canadian AML reporting to FINTRAC (Large Cash Transactions and Electronic Funds Transfers). The Officer is responsible for managing day-to-day oversight and control activities related to FINTRAC reporting as well as supporting all Lines of Businesses. The Analyst supports a high performance culture within the Enterprise AML Office and is the centre of expertise for all AML reporting to FINTRAC.

• Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Leads or assists in the execution of oversight / governance activities.
• Leads or assists with the maintenance, monitoring, measurement & reporting on the status of the financial crime risk governance program to various internal & external stakeholder audiences.
• Leads or assists in the execution of oversight/governance activities.
• Leads or assists with the maintenance, monitoring, measurement & reporting on the status of the internal controls governance framework/program tovarious internal & external stakeholder audiences.
• Working / in-depth knowledge of regulatory requirements.
• Analytical and problem solving skills - In-depth.

Provides oversight, monitoring and reporting on financial crime risks for a designated portfolio. Develops and monitors risk management framework that includes the governance framework & practices leveraged across BMO to manage financial crime risks. Provides policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance as well as effective monitoring, timely reporting and identification of action plans.

• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs
• Provides advice and guidance to assigned business/group on implementation of the risk framework, including effective challenge.
• Consults with stakeholders to improve consistency and transparency of risk measurement, metrics and reporting.
• Independently assesses the financial crime risk profile e.g. exposures, material initiatives and systems issues or weaknesses in the control structure for the assigned portfolio.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities.
• Leads or assists in the execution of oversight/governance activities.
• Leads or assists with the maintenance, monitoring, measurement & reporting on the status of the financial crime risk governance program to various internal & external stakeholder audiences.
• Supports the management of governance meetings (e.g. committee, management, board meetings, etc.) as required; facilitates development and approval of agendas, gathering and distribution of documentation related to agendas, and creation of meeting minutes/output.
• Administers and maintains financial crime risk program activities in adherence to all policies, procedures and established processes.
• Identifies potential risk situations/ impacts, and make recommendations or escalates to the manager, as per guidelines.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
• Builds effective relationships with internal/external stakeholders e.g. business stakeholders and Corporate Support Areas (CSAs) in providing ‘second line of defense’ financial crime risk management support.
• Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.
• Maintains tools and templates for financial crime risk programs (e.g., AML Legislative Compliance Program), as required.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.

QUALIFICATIONS:

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Working / in-depth knowledge of financial crime risk management practices.
• Working / in-depth knowledge of the designated business / product portfolio.
• Working / in-depth knowledge of regulatory requirements.
• Working / in-depth knowledge of quantitative techniques and economic capital methodologies.
• Working / In-depth knowledge & experience with risk policy frameworks; quality control / testing frameworks.
• Technical proficiency gained through education and/or business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

• Analyzes data and information to provide insights and recommendations; includes identification of risk impacts for new processes and workflows related to initiatives.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Leads or assists in the execution of oversight / governance activities.
• Leads or assists with the maintenance, monitoring, measurement & reporting on the status of the financial crime risk governance program to various internal & external stakeholder audiences.
• Leads or assists in the execution of oversight/governance activities.
• Leads or assists with the maintenance, monitoring, measurement & reporting on the status of the internal controls governance framework/program tovarious internal & external stakeholder audiences.
• Working / in-depth knowledge of regulatory requirements.
• Analytical and problem solving skills - In-depth