Audit Director, Anti Laundering

Overview

As the Audit Director overseeing AML audit activities, you will 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. Reports on audits to provide clear, concise and memorable insights on issues and potential issues to assist management in fulfilling mandates. This work provides vital assurance to the Board of Directors and senior management on the quality of internal control systems and reduces the risk of loss and reputational damage to the Company.

This work is instrumental in identifying unacceptable/high risk circumstances that could lead to material impact on profitability or reputation. Provides 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.

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.

• Ensures alignment between values and behaviour that fosters diversity and inclusion.

• Regularly connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.

• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.

• Attracts, retains, and enables the career development of top talent.

• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.

• Acts as trusted resource providing advice to executive leaders of business/group on risk, governance and internal controls.

• Provides 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.

• Meets 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.

• Networks with industry contacts to share gather competitive insights and best practices.

• May advise or serve on various committees and task forces.

• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.

• Acts as the prime contact for external stakeholder relationships, which may includes regulators.

• Monitors and tracks performance, and resolves any issues.

• Collaborates across BMO to develop communications strategies and ensure consistency of messaging, in order to positively influence or change behaviour.

• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.

• Ensures 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.

• Ensures Corporate Audit KPIs are met.

• Motivates continued high performance by enhancing and executing Corporate Audit People Strategy including skill transformation and career development.

• Enhances Competency Self-Assessment and Individual Development Plan view of skills and knowledge.

• Recommends modifications to division training to address real time and evolving needs identified through self assessments, QA reviews, emerging trends and regulatory expectations.

• Recommends changes as needed to team structure, succession planning, to enable effective completion of overall Corporate Audit mandate.

• Executes audits in full recognition of the risks of the group that encompass the inherent risks, control risks and internal/external environment and regulatory risks. This may encompass individual audits and broader capstone audits of Enterprise level functions/processes.

• Conducts advisory engagements and other engagements as required.

• Determines impact of changing strategies, tactics, risks and initiatives on audit, advisory and investigative services.

• Identifies and evaluates the impact of new and emerging technology and technology risk on the organization’s processes and control environment.

• Utilizes data analytics in advisory engagements to improve quality and efficiencies.

• Develops 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.

• Maintains the independence of the audit practice and its personnel.

• Develops insightful discussion points contributing to audit reports that provides fair and balanced assessment of governance, risk and control processes based on audit work performed. Deliverables must be objective, clear, concise and timely.

• Identifies control…