Manager, AML Compliance

Job Description

What is the opportunity?

As a Manager within AML Compliance, you support the Director, AML Compliance in managing the AML compliance program for the business units as outlined above.  You ensure their alignment with Enterprise AML requirements, strategy, as well as their adherence to laws in their jurisdictions.

What will you do?

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

• Liaise with Financial Crimes Internal Partners, Global Transaction Banking – Due Diligence, businesses areas, legal 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

• Directly participates as the AML Compliance representative providing direction, requirements, and support as a participant and partner in the various AML projects that impact these businesses.

• 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

• Consistently look for opportunities to create streamlined & efficient AML compliance policies and processes (achieving regulatory compliance without unnecessary impact of business and clients)

• Conduct annual risk assessments for business units and products, identify gaps/risks, and ensure gaps/risks are addressed/mitigated

• Support GTB in day to day questions arising from remediation efforts for high ,  med & low risk clients

• Participate in discussions with GTB on policy and process changes related to AML regulations, and internal policies

• Provide support to  Director AML Advisory – Global Transaction Banking to work through various action items , and priorities linked to bank clients

• 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;

What do you need to succeed?

Must-have

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

• Understanding of RBC’s AML enterprise AML policies

• Strong analytical skills

• Excellent Written and verbal communication skills

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

• Leaders who support your development through coaching and managing opportunities 

• Work in a dynamic, collaborative, progressive, and high-performing team

• Opportunities to do challenging work

Job Skills

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.