Senior Manager, AML Advisory - Global Transaction Banking

Job Responsibility:

Job Summary

What is the opportunity?

This role will support the Director, AML Compliance to ensure AML compliance program for business units as outlined above are aligned with Enterprise AML requirements, strategy and as well as adhere to laws in their jurisdictions. Assess AML risks in the roll-out of new business products / services and substantial changes to existing business products / services and ensure risks are addressed appropriately.

What will you do?

• Act as centre of expertise for these businesses and related support areas in the provision of direction and information for AML issues

• Liaise with the AML Operations, Risk Strategy & Analytics Team, Global Economic Sanctions Group, FIU, CIS, High Risk Client Team, businesses areas, RBC Caribbean Banking and Business Compliance to provide guidance, direction, and oversight related to AML issues.
• Draft new policies, and revise existing policies, relating to AML obligations as needed for specific business units and client segments.
• Interpret regulatory requirements, liaising with RBC Law Group as required, as they impact these businesses
• Ensure AML risks / requirements are considered and addressed prior to roll-out of new products and services;
• Provide regulatory guidance and direction on a case by case basis in respect of clients who / which pose high AML risks and so that appropriate due diligence is conducted and informed decisions are made in respect of such clients.
• Provide support as it relates to AML surveillance rules to ensure rules capture unusual transactions and that suspicious transactions are reported to FINTRAC as required; and
• Provide recommendations for training requirements necessary to meet regulatory requirements or business specific needs
• Consistently look for opportunities to create streamlined & efficient AML compliance policies and processes (achieving regulatory compliance without unnecessary impact of business and clients)
• Support GTB, NBFI and RBCC in day to day questions arising from remediation efforts for high, med & standard risk clients
• Participate in discussions with GTB and RBCC on policy and process changes related to AML regulations, and internal policies
• Provide support to Director AML Advisory- CB to work through various action items , and priorities linked to GTB, NBFI and RBCC - Correspondent Banking client
• Support Director, AML Advisory with the implementation of new AML/ATF methodologies and transaction monitoring rules to mitigate new and emerging ML/TF risks while conducting ongoing analysis to ensure rules capture unusual/suspicious activities
• Serve as an escalation and resolution point investigation of unusual transactions and potential high-risk on cases that pose material risk exposure to the Bank.
• Ensure consistent and timely feedback on transactional activity cases that have been escalated from the FIU team
• Liaison with key stakeholders to exit client that pose unacceptable risk to the bank
• Manage the demarketed and caution list associated to bank entity
• Updating and maintaining personal knowledge of AML Compliance “Best Practices” from industry sources; public media and regulatory websites
• Provide face-to-face/on-line training for staff in various business units as required.
• Provide an overview of RBC AML/Sanctions/ABAC programs to FIs and Sub-custody clients.

What do you need to succeed?

• Knowledge of Canadian AML laws and regulations including FINTRAC and OSFI requirements as they relate to AML

• Knowledge of relevant US AML laws and regulations

• Understanding of RBC policies and industry best practices related to AML

• Strong analytical skills

• Excellent Written and verbal communication skills

• Understanding of relevant RBC business units

• Attention to detail and strong organizational/time-management skills
• Ability to effectively manage competing priorities and escalate as necessary

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities

Job Skills

Analytical Thinking, Audits Compliance, Communication, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, Microsoft Computer, Problem Solving, Product Services, Risk Management, Strategic Thinking, Writing

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-06-04

Application Deadline:

2025-06-19

Note : Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

I nclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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