Specialist I-IC First Line of Defense

05/30/2025

Address:

1625 W. Fountainhead Parkway

Job Family Group:

Business Management

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 update high- 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 day-to-day 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 high-risk 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 AML-related 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.

Qualifications:

• Typically between 3 – 5 years of relevant experience and post secondary degree in related field of study or an equivalent combination of education and experience.
• Program Management - Proficient
• Specialized knowledge from 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

Salary:

$41,715.00 - $73,800.00

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 http://jobs.bmo.com/us/en

BMO 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 [email protected] 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.