Associate, CM AML Third Party Risk

Application Deadline:

06/29/2025

Address:
100 King Street West

Job Family Group:

Business Management

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

MANDATE:

As a representative of the AMLRO Governance Group, provide meaningful analysis and support of the current state of AML and ATF related items and regulatory issues. This also entails providing AML Governance related guidance to the respective LOBs in Capital Markets. Primarily focuses on customer risk management processes and application of enhanced due diligence through customer engagement and coordination with Second Line AML teams and lines of business. This will require extensive research into complex customer types and structures, AML risk factors and controls that can result in appropriate management of these risks. The work will have extensive contact with the KYC, FIU, Enterprise AML, Sales and Relationship Management teams throughout CM.

ACCOUNTABILITIES (List with approximate percentages)

30%

A. Risk Management & Control

30%

B. Customer Engagement

20%

C. Client & Relationship Management

20%

D. Change & Innovation

ACCOUNTABILITIES :

A. Risk Management & Control

Support effective utilization of AML systems, tools, and reports to detect and manage AML risk by participating in ongoing international communications and training to develop and maintain knowledge, skills and capability.

Maintain detailed knowledge of applicable legislative and regulatory requirements and ensure any developments related to AML and Anti-Terrorist Financing are addressed through appropriate risk management and controls.

Delivery and implementation of enhanced due diligence control measures and frameworks mitigate/manage risk and in adherence with emerging regulatory requirements.

Consult with the Enterprise AML Office on the interpretation of legislative and regulatory requirements and the requirements of the Enterprise AML Program.

B. Customer Engagement

Perform extensive research into customers with particular consideration of their business activities, escalations from internal stakeholders, previous engagements and relevant customer records, and any other AML risk drivers and comparing these risks to BMO approved AML Risk Appetite.

Prepare materials that identify the primary AML risk drivers and develop pertinent discussion questions to address the identified AML risks associated with selected entities.

Assist in the quarterly generation of eligible engagement candidates, protocols, and completion of the necessary

reporting to support recommendations to maintain, maintain with conditions (risk mitigation), or to exit a relationship.

Monitor the ongoing implementation and effectiveness of approved risk-mitigating conditions as delivered through KYC due diligence processes, FIU monitoring of accounts, or any other stakeholder involvement to ensure compliance with AML requirements and best practices.

C. Client & Relationship Management

Regular communication with internal stakeholders such as BMO's FIUs, Second Line, and LOB personnel to identify primary risk drivers and interface points for AML information for each customer.

Contribute to problem and event management efforts as required, working with the AMLRO Office to ensure resolution is completed as quickly and efficiently as possible.

Communicate as appropriate with relevant stakeholders to advise on the outcomes of any completed customer engagements and any impact to ongoing operations.

D. Change & Innovation

Troubleshoot and resolve data and governance issues as appropriate. Make recommendations to improve governance and client data management team processes, and to improve governance and data management processes and controls.

Investigate and resolve or make recommendations on issues related to regulatory items as it has an impact on the respective LOBs.

AUTHORITIES

Recommend : Authority to identify and recommend changes to processes for AML adjudication

Escalation : Authority to escalate any AML reporting and adjudication issues or emergent trends

Acquittal : Authority to decision/acquit/exclude within guidelines

Information Access: Authority to use and access confidential information related to, customer information, product and financial information

SCOPE & IMPACT

• All CM LOBs and LEs globally.
• This role will have a significant impact on the Bank reputation through enterprise-wide detection and containment of AML/ATF incidents.

CROSS-FUNCTIONAL RELATIONSHIPS:

Business Fraud Investigations Privacy Compliance

Corporate Security

Candidate Profile

Skills and Competencies:

Knowledge:

• An undergraduate degree, graduate degree or professional designations would be beneficial.
• 5+ years AML and/or compliance related experience.
• Knowledge of Capital Markets and the complex financial instruments this industry employs.
• Working knowledge of applicable Bank systems and Microsoft Office Suite.
• CAMS designation preferred.
• Additional languages an asset.

Skills:

• Analytical Thinking (Moderate-Advanced)
• Risk Management (Moderate-Advanced)
• Problem solving (Working)
• Organizational Understanding (Working)
• Document Drafting Skills (Moderate-Advanced)
• Client-facing relationship management (Moderate-Advanced)
• Demonstrates initiative and takes ownership and accountability for project tasks/deliverables
• Ability to manage multiple activities, requirements, and stakeholders simultaneously while working within strict project deadlines
• Results focused, willingness to continue learning
• Detail oriented and organized
• Excellent communication skills, both written and verbal

Compensation

This position is important for the future of the organization and offers an overall competitive compensation mix including base salary and annual bonus.

Privacy

At BMO Financial Group your privacy is our priority. Our Privacy Code outlines our commitment to you and is designed to comply with applicable Privacy legislation in Canada. To view a copy of the Bank's privacy policy please visit our website at http://www.bmo.com , scroll to the bottom of the page and click on the Privacy link.

The salary range for this role is $75,000 - $85,000 CAD (subject to negotiation and subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

Salary :

$54,500.00 - $101,500.00

Pay Type:

Salaried

The above represents BMO Financial Group's 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 Group's expected target for the first year in this position.

BMO Financial Group's 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: https://jobs.bmo.com/global/en/Total-Rewards

About 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. We'll 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, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en .

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

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.