Adam Schabes

Adam Schabes has over 25 years of experience in IT and Financial Services and 18 years with Bank of Montreal (BMO Financial Group). He currently serves as the US Chief Anti-Money Laundering Officer at BMO Harris Bank. Adam has responsibility for US AML functions which include governance, regulatory liaison, watchlist screening, risk assessments, transaction monitoring, EDD/CDD/KYC collection, high risk client management, client de-markets and SAR/CTR filing. In addition, Adam’s accountabilities include the use of advanced technology capabilities such as robotics, machine learning and graph/network analytics to conduct more efficient and sophisticated AML monitoring. Prior to the role, Adam was most recently Head of AML North American Financial Investigator Unit (FIU). Before managing the FIU, Adam was Managing Director of AML Systems, Modeling and Analytics. He led the AML technology function which was a key component of the regulatory remediation plan.

Prior to the Managing Director role in AML, Adam served in a variety of roles at BMO. He first joined the bank in 2001 in Corporate Finance managing all accounting, financial reporting and planning systems. He then spent five years in Corporate Development participating in over 10 acquisitions of banks and wealth advisor businesses focused on the technology and operations integration. He played a key role in the bank’s largest transaction, a $4 billion acquisition and integration of M&I Bank. This acquisition doubled the size of BMO within the US and put it among the top 20 North American sized banks.