BMO Financial Group Anti-Money Laundering Senior Investigator in Chicago, Illinois
The AML Senior Investigator is responsible for ensuring the requirements of the U.S. AML Program are maintained at a level commensurate with regulatory expectations. This role is responsible for performing complex suspicious activity monitoring to identify customers which pose a risk for money laundering and terrorist financing. This role maintains responsibility for Suspicious Activity Reporting (SAR) and/or high risk customer investigations, including the preparation of SARs as required by BSA/AML regulatory standards. This role serves as a resource for resolving complex issues and inquiries, and assists LE/LOB in communicating and interpreting suspicious activity monitoring requirements and implications on enterprise products and operations. The AML Senior Investigator compiles evidence and documentation in compliance with BSA/AML procedures and regulatory requirements. This role provides informal training and guidance to less experienced AML Investigators and provides input on how to improve effectiveness and efficiency of the Financial Intelligence team.
Analysis & Investigations (80%)
Perform periodic file reviews (including review of complex relationships) ensuring activities are reviewed in a holistic manner across the spectrum of products and services used by the customer.
Ensure CDD is properly performed by the LE/LOB and EDD is applied in cases where warranted to mitigate AML/TF exposure.
In Perform periodic file reviews (including review of complex relationships) ensuring activities are reviewed in a holistic manner across the spectrum of products and services used by the customer.
Ensure CDD is properly performed by the LE/LOB and EDD is applied in cases where warranted to mitigate AML/TF.
Investigate potentially suspicious activity, make risk-based SAR recommendations, and prepare SARs.
Conduct reviews of new foreign correspondent banks (FCBs) and foreign non-bank financial institutions (FNBFIs).
Investigate potentially suspicious activity escalated by the Alert Adjudication Unit, make risk-based SAR recommendations, and prepare SARs.
Detect potential suspicious activity when complex manual processes are needed.
Process incoming and outgoing 314(b) requests according to applicable regulatory standards.
Manage customer account escalations to relationship managers (including requests for closures.
Team Efficiency and Effectiveness (10%)
Serve as a subject matter expert on suspicious activity monitoring to Lines of Business by providing advice and counsel to ensure they understand AML compliance and risk management requirements and implications to their operations.
Provide informal training and guidance to less experienced AML Investigators. Identify and recommend training aids/materials that may aid in improved compliance and efficiency.
Make recommendations to the AML Financial Intelligence Function Manager regarding suspicious activity monitoring and investigations to ensure ongoing improvement and evolution of governance programs and practices in response to identified risks and/or gaps in the system.
AML Governance (10%)
- Maintain a current thorough understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities and developing trends.
3-7 years BSA/AML or related Compliance experience preferred
Law Enforcement experience desired
Maintaining or pursuing an AML-related certification (e.g. CAMS)
Strong knowledge and understanding of OFAC, BSA/AML, and USA PATRIOT Act and risk management principles
Strong oral and written communication skills
Strong analytical, problem solving and organizational skills
Strong knowledge of client database and transactional monitoring processes
Working knowledge of Bank operating environment and applicable systems, including Microsoft Office Suite
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At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.
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://bmoharriscareers.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 is an Equal Opportunity Employer for all, inclusive of Minorities, Women, Veterans, and Persons with Disabilities
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