BMO · 2 hours ago
Audit Director, Anti Money Laundering
Chicago, IL, USA
Full-time
Hybrid
Senior Level, Lead/Staff
$137K/yr - $238K/yr
9+ years expBMO is a financial services provider committed to creating positive change for customers and communities. The Audit Director will oversee AML audit activities, ensuring effective internal control processes and providing assurance to senior management and the Board of Directors on the quality of these systems.
BankingCrowdfundingFinanceFinancial Services
Responsibilities
Overseeing AML audit activities to critically assess management and internal control processes
Approving the nature, extent and timing of the audit, its execution and the formulation of insightful audit reports
Reporting on audits to provide clear, concise and memorable insights on issues and potential issues to assist management in fulfilling mandates
Providing vital assurance to the Board of Directors and senior management on the quality of internal control systems and reducing the risk of loss and reputational damage to the Company
Identifying unacceptable/high risk circumstances that could lead to material impact on profitability or reputation
Providing independent assurance on the quality and effectiveness of internal control, risk management, and governance systems and processes to support senior management and the Board in protecting BMO and its reputation
Fostering a culture aligned to BMO purpose, values and strategy and role modeling BMO values and behaviours in all that they do
Ensuring alignment between values and behaviour that fosters diversity and inclusion
Regularly connecting work to BMO’s purpose, setting inspirational goals, defining clear expected outcomes, and ensuring clear accountability for follow through
Building interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders
Attracting, retaining, and enabling the career development of top talent
Improving team performance, recognizing and rewarding performance, coaching employees, supporting their development, and managing poor performance
Acting as trusted resource providing advice to executive leaders of business/group on risk, governance and internal controls
Providing advice to executive leaders on risk, governance and controls relating to strategy and new initiatives, based on an in-depth understanding of the business/group
Meeting regularly with business/group stakeholders to identify changing strategies, tactics, and initiatives across the business/group and evaluate changes to the nature, and extent of risk environment
Networking with industry contacts to share gather competitive insights and best practices
Advising or serving on various committees and task forces as needed
Recommending business priorities, advising on resource requirements and developing roadmap for strategic execution
Acting as the prime contact for external stakeholder relationships, which may include regulators
Monitoring and tracking performance, and resolving any issues
Collaborating across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behaviour
Leading change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives
Ensuring that all audits for which the role is responsible are conducted effectively and efficiently to the high standards set out by the Corporate Audit, outcomes of which are confirmed through the Audit's Quality Assurance Program and/or regulatory examination results
Ensuring Corporate Audit KPIs are met
Motivating continued high performance by enhancing and executing Corporate Audit People Strategy including skill transformation and career development
Enhancing Competency Self-Assessment and Individual Development Plan view of skills and knowledge
Recommending modifications to division training to address real time and evolving needs identified through self assessments, QA reviews, emerging trends and regulatory expectations
Recommending changes as needed to team structure, succession planning, to enable effective completion of overall Corporate Audit mandate
Executing audits in full recognition of the risks of the group that encompass the inherent risks, control risks and internal/external environment and regulatory risks
Conducting advisory engagements and other engagements as required
Determining impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services
Identifying and evaluating the impact of new and emerging technology and technology risk on the organization’s processes and control environment
Utilizing data analytics in advisory engagements to improve quality and efficiencies
Developing an awareness of business strategies, policies and standards providing meaningful insights based upon knowledge and research which will continue to improve the Enterprise management and control processes
Maintaining the independence of the audit practice and its personnel
Developing insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance, risk and control processes based on audit work performed
Identifying control deficiencies and providing a fair and balanced assessment of their magnitude
Maintaining working knowledge of the industry, regulatory, broad economic environment, and internal environment, as to the development of new strategies and plans, opportunities and risk, to obtain an understanding of the control environment
Ensuring that all audit procedures executed are conducted in accordance to Corporate Audit Methodology as confirmed by it’s Quality Assurance program and/or regulatory examination results
Applying sound judgement in the execution of the assigned work and ensuring open lines of communication
Developing and maintaining good working relations with key stakeholders
Actively monitoring change management initiatives and identifying potential risks
Actively participating and supporting Corporate Audit change initiatives
Maintaining and enhancing professional audit qualifications in line with industry standards
Operating at a group/enterprise-wide level and serving as a senior specialist resource across BMO
Influencing how teams/groups work together
Applying expertise and thinking creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems
Communicating abstract concepts in simple terms
Fostering strong internal and external networks and working with and across multiple teams to achieve business objectives
Anticipating trends and responding by implementing appropriate changes
Qualification
Required
Typically 9+ years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience
Professional designations or business designation such as CIA, CPA-Audit
Seasoned expert with extensive industry knowledge
Technical leader viewed as a thought leader for innovation
Verbal & written communication skills - Expert
Analytical and problem solving skills - Expert
Influence skills - Expert
Collaboration & team skills; with a focus on cross-group collaboration - Expert
Able to manage ambiguity
Data driven decision making - Expert
Benefits
Health insurance
Tuition reimbursement
Accident and life insurance
Retirement savings plans
Company
BMO
We’re a bank, but there’s more to it than that. When you join BMO, it opens a world of opportunities.
10001+ employees
H1B Sponsorship
BMO has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (7)
2024 (2)
2023 (6)
2022 (4)
2021 (2)
2020 (2)
Funding
Current Stage
Public CompanyTotal Funding
$7.54B2025-10-23Post Ipo Debt· $142.91M
2025-02-26Post Ipo Debt· $871.76M
2024-07-09Post Ipo Debt· $750M
Leadership Team
David Casper
U.S. Chief Executive Officer
Azam Dawood
Head Of Sourcing
Recent News
2026-01-20
MarketScreener
2026-01-06
Company data provided by crunchbase