Associate Director, Deputy to the BSA AML Officer, RBC Capital Markets, LLC & RBC Wealth Management - U.S. Financial Crimes

RBC • Minneapolis, MN

2d • $90,000 - $160,000 • Onsite

About The Position

The Deputy BSA Officer will help strengthen RBC Capital Markets, LLC and RBC Wealth Management’s U.S. AML Program, manage regulatory risk, and support broader compliance objectives. The role includes AML Program administration and exposure to senior leadership, regulatory relations, and business partners, with opportunities to influence strategic decisions and drive continuous improvement across a complex organization.

The position supports the BSA AML Officer with AML Program governance, regulatory and audit engagement, risk assessments, and reporting. It also oversees aspects of broker-dealer suspicious activity reporting, training, and the development and maintenance of Financial Crimes policies and procedures.

Requirements

• Undergraduate degree.
• Extensive knowledge of risk management and anti-money laundering requirements, including the BSA, USA PATRIOT Act, OFAC, FCPA, and other applicable U.S. regulations.
• Strong written, oral, and presentation skills, including the ability to determine stakeholders’ information and communication needs.
• Strong organizational, project management, and time management capabilities.
• Strong understanding of financial services and the retail wealth management industry.
• Deadline-driven and results-oriented, with the ability to maintain consistently high quality while handling multiple tasks and deadlines.

Nice To Haves

• Ability to apply regulatory requirements to develop risk-based, reasonable AML, Economic Sanctions, and ABAC approaches for relevant business models and diversified products.
• Understanding of emerging risks, such as cryptocurrency.
• In-depth knowledge of securities brokerage products, their trade cycles and settlement flows, and their use in Financial Crimes.

Responsibilities

• Support the BSA AML Officer with audit and regulator engagement, risk assessments, RCSA, regulatory change management, and other AML Program governance activities.
• Draft AML Program update reports, including metrics, trend analysis, and issue management, and present them to senior Financial Crimes management; support other reporting as applicable with oversight from the BSA Officer.
• Ensure compliance with U.S. AML regulatory obligations, including the BSA, USA PATRIOT Act, AML Act, and updates to the CDD Rule.
• Deliver tailored AML training to business and infrastructure groups, update training materials, and oversee completion of required Financial Crimes training.
• Provide ongoing supervision, guidance, and approval of broker-dealer Suspicious Activity Report filings with FinCEN, ensuring appropriate risk mitigation.
• Assist in developing and updating Financial Crimes policies and procedures at least annually.
• Serve as a subject matter expert on Financial Crimes requirements and handle AML inquiries from front-office, back-office, and infrastructure groups.

Benefits

• Comprehensive Total Rewards Program, including bonuses and flexible benefits.
• Competitive compensation, commissions, and stock where applicable.
• Coaching and management opportunities to support employee development.
• Opportunity to make a difference and lasting impact.
• Dynamic, collaborative, progressive, and high-performing team.
• World-class financial services training program.
• Flexible work/life balance options.
• Opportunities to do challenging work.
• Potential to earn additional compensation through RBC’s discretionary variable compensation program, subject to business performance targets and individual goals.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager