Manager, AML Compliance

RBC•Toronto, ON

1d•Onsite

About The Position

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.

Requirements

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

Nice To Haves

Anti-Money Laundering (AML)
Communication
Data Gathering Analysis
Detail-Oriented
Financial Regulation
Fraud Risk Management
Group Problem Solving
Internal Controls
Operational Integrity
Process Management

Responsibilities

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
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