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

Royal Bank of Canada • Edina, MN

2d • $90,000 - $160,000

About The Position

The Deputy BSA Officer will support the BSA AML Officer in strengthening the firm’s AML Program, managing regulatory risk, and advancing broader compliance objectives. The position offers exposure to AML Program administration, senior leadership, regulatory relations, and business partners, and provides an opportunity to influence strategic decisions and continuous improvement across a complex organization.

The role supports AML governance and regulatory engagement, prepares and presents program updates, helps ensure U.S. AML regulatory obligations are met, and delivers training to business and infrastructure groups. It also supervises and approves broker-dealer Suspicious Activity Report filings, supports financial-crimes policies and procedures, and serves as a subject matter expert for AML inquiries. The position is based in Minneapolis, Minnesota, and is full-time, regular, and salaried, with a 40-hour workweek.

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.
• Demonstrated written and oral communication skills, including strong presentation skills, and 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 meet consistently high quality standards 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 and present them to senior Financial Crimes management, including metrics, trend analysis, and issue management, as well as other reporting such as regulatory reports, under the BSA Officer’s oversight.
• Ensure U.S. AML regulatory obligations are met, including requirements under 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 and ensure appropriate risk mitigation.
• Assist with 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.
• Leaders who support employee development through coaching and managing opportunities.
• Opportunity to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• World-class training program in financial services.
• 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: Director