Manager, AML Investigation Support

RBC • Vancouver, BC

2d • Onsite

About The Position

The AML Investigations Support Team (AMLIST) plays an important role within RBC’s AML FIU by planning, conducting, and completing risk-based investigations into matters escalated 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 goal is to comply with legislative/regulatory requirements and mitigate risk to RBC in line with established organizational policy. The role also includes conducting end-to-end investigations from case referral review to filing Suspicious Transaction Reports (STRs) to FINTRAC for applicable scenarios and typologies, and contributing to the implementation of Assisted Processing of STRs by identifying typologies, testing new transaction types, and providing feedback to relevant internal partners.

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

• 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 including RBC’s Canadian AML Alert Analysis (CAMLAA) and AML Investigations Teams, and rules and reports generated by RBC’s Risk Strategy & Analytics (RS&A) Team.
• Contribute to the implementation of the STR Assisted Processing (STRAP) tool by identifying typologies, testing new transaction types, and providing feedback to relevant internal partners.
• Conduct end-to-end investigations from the case referral review to the filing of STRs to FINTRAC for typologies specific to the AMLIST as part of applicable Assisted STR-related workflows.
• Contribute to the testing, improvement and ultimate rollout of the MPI Generator User Interface, escalating notable findings to relevant parties.
• Participate in the continued mop-up of the Assisted STR filing workflows, including the establishment of the subsequent RFI and network analysis processes.
• Gather information/intelligence from all available sources to determine whether sufficient suspicion of money laundering, financing of terrorism or other criminal activities exists.
• Ensure all appropriate steps are taken as part of the investigation, including but not limited to presenting clients for risk review if outside of RBC’s risk appetite, and completing referrals to other groups within RBC’s Financial Crimes such as Global Economic Sanctions and Major Financial Crimes.
• Ensure cases contain sufficient documentation and rationale for escalation or closure to support initial triage of the activity and mitigate risk to RBC.
• Advise/escalate to Senior Management on 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

• 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

What This Job Offers

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