Senior Manager, Global Anti Corruption


  • Company:
    BMO Harris Bank
  • Location:
  • Salary:
    negotiable / monthly
  • Job type:
    Full-Time
  • Posted:
    1 week ago
  • Category:
    Business / Mgmt

The Senior Manager, Global Anti-Corruption, LCCG assists in the effective implementation, maintenance and administration of the Enterprise Anti-Corruption Program. The role coordinates and performs advisory, risk assessment, monitoring and surveillance activities to ensure that the Anti-Corruption Program remains current and is aligned with Enterprise-wide policies and procedures. The role works closely with the LOB group(s) supported and other internal business partners to ensure regulatory, corporate and other obligations are met. To effectively achieve compliance goals, the Senior Manager, Global Anti-Corruption, LCCG maintains current knowledge of regulatory requirements and developments in the jurisdictions in which BMO operates, monitors risk, identifies and corrects possible gaps and weaknesses. This role advises LOB management on implications of new regulatory policies or Bank activity, and assists in the implementation of new or revised policies and programs to address them. The role develops and maintains information for analysis and reporting. Key Accountabilities Global Compliance Program Execution and Monitoring (60%) Continually advance the Enterprise Anti-Corruption Program. Coordinate and perform ongoing risk assessments and compliance reviews to ensure policies and risk controls are operating appropriately. Create analyses of risk assessments for LOB business group(s). Identify and analyze factors which may affect risk mitigation and compliance with applicable regulatory requirements. Anticipate potential consequences of unaddressed risk factors or shortfalls in compliance and recommend appropriate controls. Continually challenge LOB staff through ongoing dialogue and discussion to identify opportunities to implement more effective policies and procedures. Provide subject matter expertise into investigations that involve potential corrupt behaviour. Elevate high profile or high risk cases to I&SS management to ensure visibility and prompt resolution. Perform ongoing validation of monitoring strategies to ensure appropriate governance and control. Identify observations of trends and recommendations to optimize data. Execute appropriate testing and analyze key performance indicators to ensure requirements of the LOB policies and programs are maintained at a level commensurate with regulatory expectations. Support root cause analysis in response to material control failures in LOB(s). Prepare complete, accurate documentation of compliance monitoring and surveillance activities. Report findings to I&SS and LOB management and provide timely follow-up on outstanding issues. Validate that issues identified through monitoring and review processes are promptly addressed. Ensure that management remediation plans are adequate. Provide guidance to less experienced team members in developing and implementing solutions. Regulatory Consultation (20%) Provide advisory services on Anti-Corruption matters to LOB management and staff (first line of defense). Work proactively with business line contacts and management toward ensuring that effective and efficient risk management solutions are identified and implemented. Consult on new activities or initiatives to assist the LOB(s) with incorporating compliance requirements into these initiatives. Regulatory Governance (20%) Develop and maintain a high level of expertise in all regulations, directives and guidance which apply to the Enterprise Anti-Corruption Program. Provide input to LOB staff regarding emerging issues and interpretation of regulations. Identify training needs and conduct training based on gaps identified through the risk assessment and monitoring process. Identify possible enhancements to LOB tools and processes and communicate them to I&SS and LOB management. Assist LOB management and staff in communicating and implementing changes to applicable regulatory policies and procedures. Represent I&SS team and interact with examiners and auditors during internal, external and regulatory audits and examinations. Represent BMO in industry meetings. Authorities Scope & Impact Information Access – has authority to access, monitor and report on sensitive Bank, customer, transaction and employee information related to the position’s duties to ensure compliance with regulatory requirements. This role contributes to one or multiple LOB’s business results by providing oversight and making recommendations that significantly impact the Bank’s ability to monitor regulatory compliance programs and minimize operational risk. Failure to comply with regulatory requirements and minimize operational risk may result in severe penalties from regulatory agencies and may damage the Bank’s reputation. Desired Behaviours Key Performance Indicators Customer focused Leadership: The BMO Way Expert (model customer focused behaviors) Consultative Value Added Advisor to Employee (the “coach/mentor”): Sound interpersonal and communications skills Solution oriented: Ability to identify risks and implement appropriate actions to mitigate them Strong Performance Management orientation Risk assessment Regulatory compliance, examination and audit findings Issue resolution Cross Functional Relationships Internal: I&SS Management and Team Compliance, Corporate Audit, Legal and Risk LOB(s) Management Corporate Communications Technology and Operations External: Regulatory Agencies Anti-Corruption professionals at financial institutions with a view to understanding the competitive landscape, keeping abreast of compliance developments, industry developments and new trends Industry associations The Senior Manager, Global Anti-Corruption, LCCG assists in the effective implementation, maintenance and administration of the Enterprise Anti-Corruption Program. The role coordinates and performs advisory, risk assessment, monitoring and surveillance activities to ensure that the Anti-Corruption Program remains current and is aligned with Enterprise-wide policies and procedures. The role works closely with the LOB group(s) supported and other internal business partners to ensure regulatory, corporate and other obligations are met. To effectively achieve compliance goals, the Senior Manager, Global Anti-Corruption, LCCG maintains current knowledge of regulatory requirements and developments in the jurisdictions in which BMO operates, monitors risk, identifies and corrects possible gaps and weaknesses. This role advises LOB management on implications of new regulatory policies or Bank activity, and assists in the implementation of new or revised policies and programs to address them. The role develops and maintains information for analysis and reporting. Key Accountabilities Global Compliance Program Execution and Monitoring (60%) Continually advance the Enterprise Anti-Corruption Program. Coordinate and perform ongoing risk assessments and compliance reviews to ensure policies and risk controls are operating appropriately. Create analyses of risk assessments for LOB business group(s). Identify and analyze factors which may affect risk mitigation and compliance with applicable regulatory requirements. Anticipate potential consequences of unaddressed risk factors or shortfalls in compliance and recommend appropriate controls. Continually challenge LOB staff through ongoing dialogue and discussion to identify opportunities to implement more effective policies and procedures. Provide subject matter expertise into investigations that involve potential corrupt behaviour. Elevate high profile or high risk cases to I&SS management to ensure visibility and prompt resolution. Perform ongoing validation of monitoring strategies to ensure appropriate governance and control. Identify observations of trends and recommendations to optimize data. Execute appropriate testing and analyze key performance indicators to ensure requirements of the LOB policies and programs are maintained at a level commensurate with regulatory expectations. Support root cause analysis in response to material control failures in LOB(s). Prepare complete, accurate documentation of compliance monitoring and surveillance activities. Report findings to I&SS and LOB management and provide timely follow-up on outstanding issues. Validate that issues identified through monitoring and review processes are promptly addressed. Ensure that management remediation plans are adequate. Provide guidance to less experienced team members in developing and implementing solutions. Regulatory Consultation (20%) Provide advisory services on Anti-Corruption matters to LOB management and staff (first line of defense). Work proactively with business line contacts and management toward ensuring that effective and efficient risk management solutions are identified and implemented. Consult on new activities or initiatives to assist the LOB(s) with incorporating compliance requirements into these initiatives. Regulatory Governance (20%) Develop and maintain a high level of expertise in all regulations, directives and guidance which apply to the Enterprise Anti-Corruption Program. Provide input to LOB staff regarding emerging issues and interpretation of regulations. Identify training needs and conduct training based on gaps identified through the risk assessment and monitoring process. Identify possible enhancements to LOB tools and processes and communicate them to I&SS and LOB management. Assist LOB management and staff in communicating and implementing changes to applicable regulatory policies and procedures. Represent I&SS team and interact with examiners and auditors during internal, external and regulatory audits and examinations. Represent BMO in industry meetings. Authorities Scope & Impact Information Access – has authority to access, monitor and report on sensitive Bank, customer, transaction and employee information related to the position’s duties to ensure compliance with regulatory requirements. This role contributes to one or multiple LOB’s business results by providing oversight and making recommendations that significantly impact the Bank’s ability to monitor regulatory compliance programs and minimize operational risk. Failure to comply with regulatory requirements and minimize operational risk may result in severe penalties from regulatory agencies and may damage the Bank’s reputation. Desired Behaviours Key Performance Indicators Customer focused Leadership: The BMO Way Expert (model customer focused behaviors) Consultative Value Added Advisor to Employee (the “coach/mentor”): Sound interpersonal and communications skills Solution oriented: Ability to identify risks and implement appropriate actions to mitigate them Strong Performance Management orientation Risk assessment Regulatory compliance, examination and audit findings Issue resolution Cross Functional Relationships Internal: I&SS Management and Team Compliance, Corporate Audit, Legal and Risk LOB(s) Management Corporate Communications Technology and Operations External: Regulatory Agencies Anti-Corruption professionals at financial institutions with a view to understanding the competitive landscape, keeping abreast of compliance developments, industry developments and new trends Industry associations Knowledge & Skills Working Conditions Bachelor’s degree required. Recognized compliance certification or equivalent a plus. Ability to effectively communicate the roles and importance of each of the three lines of defense, as well as proactively identifying regulatory risk. Strong communication, critical thinking, relationship management, and project management skills. Detailed knowledge of global Anti-Corruption legislation. This role operates in a high stress regulatory environment, with constantly changing expectations and close regulatory and audit scrutiny. Limited travel may be required. We’re here to help At BMO we have a shared purpose; we put the customer at the centre 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 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://bmocareers.com . 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. Knowledge & Skills Working Conditions Bachelor’s degree required. Recognized compliance certification or equivalent a plus. Ability to effectively communicate the roles and importance of each of the three lines of defense, as well as proactively identifying regulatory risk. Strong communication, critical thinking, relationship management, and project management skills. Detailed knowledge of global Anti-Corruption legislation. This role operates in a high stress regulatory environment, with constantly changing expectations and close regulatory and audit scrutiny. Limited travel may be required. We’re here to help At BMO we have a shared purpose; we put the customer at the centre 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 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://bmocareers.com . 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. ComplianceComplianceCanada-Ontario-TorontoCanada-Ontario-TorontoUnited States-Illinois-ChicagoUnited States-Illinois-ChicagoLCCG-X000076LCCG-X000076full-timefull-time12/18/1812/18/18OngoingOngoing