Manager, AML Investigation Support
About The Position
The AML Investigation Support Team (AMLIST) plays an important role in the execution of numerous workflows within RBC’s AML FIU by planning, conducting, and completing risk-based investigations into matters referred to the Team. This involves gathering, analyzing, and evaluating relevant information to determine if there is sufficient suspicion of money laundering, financing of terrorism, or other criminal activities to justify making a report to the Regulatory Authority. The team conducts end-to-end investigations from initial alert review to filing Suspicious Transaction Reports (STRs) to FINTRAC through the STR Assisted Processing (STRAP) and Post Demarket STR processes. They also review case escalations and/or TRM alerts to assess client activity against a pre-determined risk appetite and decide if further AML Investigation, Cease & Desist letters, Account Closure, or Demarket is warranted, documenting the approach accordingly.
Requirements
- Experience in financial crime and/or money laundering investigations within banking, law enforcement, or a regulatory body preferred.
- Undergraduate university degree or equivalent.
- Experience with Microsoft Excel
- Strong written and analytical skills
Nice To Haves
- CAMS designation
Responsibilities
- Contribute to the growth and continued development of the STR Assisted Processing and Post Demarket STR Processes.
- Plan, conduct, and complete risk-based investigations into relevant matters referred to the Team, in line with approved processes, including but not limited to those originating from referrals from internal partners and other business units where suspicious activity appears to have continued following an initial STR until the termination of a client relationship, referrals from RBC’s CAMLAAT, and other required STRs that may fall within the AMLIST’s scope.
- Ensure alerts & cases contain sufficient documentation and rationale for escalation, or closure to support initial triage of the activity and mitigate risk to RBC.
- Review and action escalations from CAMLAAT, AML Investigations, HRC and other teams within RBC’s AML FIU for workflows including but not limited to Punitive Account Violations (such as BTP and ULRG typologies), Know Your Client Deficiency (KYCD), Iran MD LCTR reviews, and HRC Account Closures.
- Advise/escalate to Senior Manager any trends or issues and take action to propose improvements to workflow, processes and tools.
- Fulfill annual compliance training hour requirements.
- Active participation in RBC Reward & Recognition programs and Employee Opinion Survey and results.
- Promote a values-based, respectful, flexible, and inclusive workplace; embrace diverse styles and perspectives.
Benefits
- Bonuses
- Flexible benefits
- Competitive compensation
- Commissions
- 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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What This Job Offers
Job Type
Full-time
Career Level
Manager
