BMO Financial Group Reporting Analyst in Chicago, Illinois
The NACB AMLRO Reporting Analyst is responsible for generating, communicating, managing, sustaining and improving any reporting of relevant information to support strong governance and oversight of the NACB AMLRO function. This includes:
Supporting the reporting requirements set in place by the Enterprise AML Office in addition to the NACB AMLRO function
Maintaining metrics that provide insight into the governance effectiveness of these departments
Identifying and escalating risks to ensure appropriate mitigation and protection of the BMO AML function
Establishing sustainable and scalable tools to enable successful oversight and governance to NACB AMLRO and AML Office
Communicating relevant information among the NACB AMLRO, AML Office and related stakeholders
Management Reporting (60%):
Collect, integrate, and cohesively manage AML information reporting for North American Commercial Banking within the AMLRO function, taking into consideration the Enterprise Governance framework, regulatory expectations, and business structure.
Maintain databases and information repositories to house regulatory evidence, attestations of decisions, historical deficiencies / remediation, approvals, status reports, etc. in accordance with BMO’s EPO standards and information security policies.
Create and maintain a reliable set of reports to support management decisions through various quantitative analytics, trend analysis, supported assumptions, and insights.
Develop a set of approved information delivery mechanisms including, but not limited to, dashboards, trend analysis, progress status, risk indicators, performance metrics, timeline overviews, and ad hoc program, business and regulatory based reports; ensure that these tools are refreshed on a timely basis.
Review and investigate reporting results to verify finds for action and to determine trends.
Communicate and explain reporting basis and results to all stakeholders; recommend training or system updates as applicable.
Maintain effective performance and improvement of the NACB KYC Team reporting and analytics to ensure comprehensiveness. Routinely seek and incorporate feedback and evaluation of artifacts, processes and reporting.
Establish a reporting cadence with relevant parties and act as the central point of contact for NACB KYC Team tracking and reporting.
Review monthly and quarterly reports for quality assurance and remediation tasks.
Report to NACB KYC Team Lead periodically on the planning, execution, implementation and sustainability of initiatives, future integrations and regulatory remediation efforts to facilitate communication of AML and Risk Management outcomes across lines of business and corporate areas.
AML Initiatives (30%):
Assist in compiling data in response to regulatory and audit requests.
Support the NACB AMLRO and AML Office with Data Analytics expertise as needed.
- Apply subject matter expertise and institutional knowledge of U.S. Commercial Banking customers, products and services to adhere to banking regulations and company directives.
We’re here to help
At BMO Harris Bank 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 Harris Bank 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.bmoharris.com
BMO Harris Bank 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. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. 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 Harris Bank does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO Harris Bank, directly or indirectly, will be considered BMO Harris Bank property. BMO Harris Bank 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.