Associate Director, U.S. Capital Markets Financial Crimes Advisory & Strategy

Royal Bank of Canada•Jersey City, NJ

10d•$110,000 - $190,000

About The Position

Support the Director Head of US Capital Markets Financial Crimes Advisory in respect to oversight and support for the Financial Crimes program, working with stakeholders including the BSA Officers and Deputies to assist with supervision and day to day management of assigned deliverables under the Financial Crimes program. WHAT WILL YOU DO? Act as a subject matter expert on Capital Markets products, providing strategic guidance on financial crime and AML risk exposure. Manage the evaluation of new products and business initiatives submitted through the New Business Committee for AML, Financial Crimes and Sanctions Risk. Assist in assessing product risk through responses for the annual Enterprise RBC AML and ABAC Risk Assessment and the BSA/AML risk assessment specific to the U.S. Capital Markets. Track and analyze new regulations and guidance and provide feedback regarding overall impact on U.S. entities to Senior Management and the RBC Enterprise Manage the review and approval of Standby Letters of Credit and related escalations in the Fircosoft and T360 systems Enhance and update AML & Financial Crimes related policies and procedures. Draft and delivery supplemental AML training to the business and infrastructure groups as needed, update training materials. Act as a subject matter expert to provide specialist advice, guidance and direction to team members on money laundering, financing of terrorism􀍕 and related issues as it pertains to the US Capital Markets business and related entities Where required attend internal committee meetings and external on behalf of the US AML Management Establish strong working relationships across business units and platforms to build influence and impact with key business partners. Collaborate with groups to define and achieve deliverables and ensure initiatives are effectively integrated into RBC procedures and processes. Facilitate the development of controls for mitigating AML risks, meeting regulatory requirements and other expectations. Maintain industry expertise through regular participation in AML related forums and training. Assist with coordinating responses to independent AML related audits and regulatory examinations. Support the Director of US Capital Markets Financial Crimes Advisory in managing new initiatives related to Client Risk Rating and Know Your Customer. Manage the implementation of multiple concurrent initiatives of varying complexity in a time efficient manner. Monitor and control activities according to plan. Implement and manage U.S. Capital Markets Financial Crimes program assigned controls, including engaging with key stakeholders and managing control updates in the system.

Requirements

Undergraduate degree coupled with change management experience in complex programs with high frequency of requests and multiple priorities.
5+ years of relevant work experience.
In-depth knowledge of Capital Markets products, their trade lifecycles, settlement flows, and their use in Financial Crimes
Demonstrated ability in written and oral communication skills along with strong presentation skills.
Ability to determine the information and communication needs of the stakeholders and project.
Strong organizational, project management and time management capabilities.
A strong understanding of technology and/or financial services industry.
Deadline-driven and results-oriented; able to meet consistently high-quality standards while handling a variety of tasks and deadlines simultaneously.

Nice To Haves

Experience in a matrix environment, such as a large, publicly traded corporation.
Ability to facilitate between and influence key decision makers.
Strategic thinker with excellent interpersonal skills to work across functions and businesses.
Understanding of relevant emerging risks, a plus (e.g. cryptocurrency) preferred.

Responsibilities

Act as a subject matter expert on Capital Markets products, providing strategic guidance on financial crime and AML risk exposure.
Manage the evaluation of new products and business initiatives submitted through the New Business Committee for AML, Financial Crimes and Sanctions Risk.
Assist in assessing product risk through responses for the annual Enterprise RBC AML and ABAC Risk Assessment and the BSA/AML risk assessment specific to the U.S. Capital Markets.
Track and analyze new regulations and guidance and provide feedback regarding overall impact on U.S. entities to Senior Management and the RBC Enterprise
Manage the review and approval of Standby Letters of Credit and related escalations in the Fircosoft and T360 systems
Enhance and update AML & Financial Crimes related policies and procedures.
Draft and delivery supplemental AML training to the business and infrastructure groups as needed, update training materials.
Act as a subject matter expert to provide specialist advice, guidance and direction to team members on money laundering, financing of terrorism􀍕 and related issues as it pertains to the US Capital Markets business and related entities
Where required attend internal committee meetings and external on behalf of the US AML Management
Establish strong working relationships across business units and platforms to build influence and impact with key business partners.
Collaborate with groups to define and achieve deliverables and ensure initiatives are effectively integrated into RBC procedures and processes.
Facilitate the development of controls for mitigating AML risks, meeting regulatory requirements and other expectations.
Maintain industry expertise through regular participation in AML related forums and training.
Assist with coordinating responses to independent AML related audits and regulatory examinations.
Support the Director of US Capital Markets Financial Crimes Advisory in managing new initiatives related to Client Risk Rating and Know Your Customer.
Manage the implementation of multiple concurrent initiatives of varying complexity in a time efficient manner.
Monitor and control activities according to plan.
Implement and manage U.S. Capital Markets Financial Crimes program assigned controls, including engaging with key stakeholders and managing control updates in the system.

Benefits

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

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