Senior Model Risk Specialist, Anti Money Laundering & Fraud

BMO

Toronto, Ontario, Canada
Base: $75,900.00 - $141,900.00; bonus/equity: perf...
Advanced sas proficiency required
Hands-on experience with aml models
Proficiency in python, sql, and statistical modeling
This role assists senior leadership in managing enterprise-wide model risk for Anti-Money Laundering and Fraud areas to ensure compliance with regulatory standards

Job Summary

  • This role assists senior leadership in managing enterprise-wide model risk for Anti-Money Laundering and Fraud areas to ensure compliance with regulatory standards.
  • The position requires validating transaction monitoring, watchlist screening, and customer risk rating models while providing actionable recommendations to mitigate identified risks.
  • Candidates will benefit from a comprehensive compensation package including health insurance, tuition reimbursement, and retirement savings plans alongside performance-based incentives.

Matching Summary

This role assists senior leadership in managing enterprise-wide model risk for Anti-Money Laundering and Fraud areas to ensure compliance with regulatory standards.

Salary

Base: $75,900.00 - $141,900.00; Bonus/Equity: Performance-based incentives and discretionary bonuses possible; Benefits: Health insurance, tuition reimbursement, accident/life insurance, retirement savings plans

Skills & Requirements

Must-have

  • Advanced SAS proficiency required
  • Hands-on experience with AML models
  • Proficiency in Python, SQL, and statistical modeling
  • Knowledge of OSFI/FRB/OCC regulatory requirements
  • Experience in model validation methodology

Nice-to-have

  • CAMS or ACAMS designation preferred
  • Master's degree or PhD in quantitative field
  • Strong interpersonal and conflict-solving skills
  • Ability to present complex concepts to non-experts
  • Experience with machine learning and data mining

Key Requirements

  • Minimum Master's Degree in quantitative field
  • 3+ years experience in AML/Fraud or ML modeling
  • Advanced SAS programming skills mandatory
  • Knowledge of banking regulatory frameworks (OSFI/FRB/OCC)

Work Rights

Not specified

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