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

Royal Bank of Canada • Minneapolis, MN

21h • Onsite

About The Position

The Deputy BSA Officer will help strengthen the firm’s AML Program, manage regulatory risk, and support broader compliance objectives. The role provides exposure to AML Program administration, senior leadership, regulatory relations, and key business partners, with opportunities to influence strategic decisions and drive continuous improvement across a complex organization.

The position supports the BSA AML Officer with audit and regulator engagement, risk assessments, RCSA, regulatory change management, and other AML Program governance activities. It leads preparation of AML Program updates and presentations for senior Financial Crimes management, including metrics, trend analysis, and issue management, with oversight from the BSA Officer. The role also helps ensure compliance with U.S. AML regulatory obligations, delivers and maintains AML training, supervises and approves broker-dealer suspicious activity filings with FinCEN, contributes to Financial Crimes policies and procedures, and serves as a subject matter expert for AML inquiries.

The position is based at 250 Nicollet Mall in Minneapolis, Minnesota. It is a regular, salaried, full-time role with a stated work schedule of 40 hours per week. The expected salary range is $90,000–$160,000, depending on experience, skills, registration status, market conditions, and business needs. Eligible compensation may also include RBC’s discretionary variable compensation program.

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, oral, and presentation skills.
• Ability to determine stakeholders’ information and communication needs.
• Strong organizational, project management, and time management capabilities.
• Strong understanding of the financial services and retail wealth management industry.
• Deadline-driven and results-oriented, with the ability to meet consistently high quality standards while managing multiple tasks and deadlines.

Nice To Haves

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

Responsibilities

• Support the BSA AML Officer with audit and regulator engagement, risk assessment, RCSA, regulatory change management, and other AML Program governance requests.
• Draft AML Program update reports and present metrics, trend analysis, issue management, and other applicable reporting to senior Financial Crimes management, with oversight from the BSA Officer.
• 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 as needed, 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 proper 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.
• Coaching and management opportunities to support employee development.
• Opportunity to make a difference and lasting impact.
• Dynamic, collaborative, progressive, and high-performing team environment.
• 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.

What This Job Offers

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