Manager, US AML Alert Analysis

Royal Bank of Canada•Dartmouth, NS

1d•Onsite

About The Position

This role involves conducting risk-based reviews of AML transaction monitoring and UTR alerts for all applicable business lines in accordance with IAMLAAT standards. The primary goal is to escalate unusual activity for further review and to close false positives. The position requires gathering, researching, analyzing, and evaluating relevant information in a timely manner to determine if sufficient suspicion of money laundering, financing of terrorism, or other criminal activities exists. The successful candidate will prepare reports that adequately document the rationale for escalation or closure to mitigate risk to RBC and provide clear direction and guidance to internal AML investigation partners. A strong understanding of the various business lines IAMLAAT monitors, including their unique AML risks, is essential. The role also involves advising/escalating to the Senior Manager any trends or issues and taking action to propose improvements to workflow, processes, and tools.

Requirements

Strong investigative, analytical, and critical thinking skills with the ability to support conclusions with sound reasoning
Excellent written and verbal communication skills
Excellent time management skills
Strong interpersonal skills and eagerness to collaborate with team members and colleagues
Experience with Microsoft Excel

Nice To Haves

CAMS Certified

Responsibilities

Conduct risk-based reviews of AML transaction monitoring and UTR alerts for all applicable business lines in accordance with IAMLAAT standards to escalate unusual activity for further review and to close false positives.
Gather, research, analyze & evaluate relevant information in a timely manner to determine whether sufficient suspicion exists of money laundering, financing of terrorism or other criminal activities.
Prepare reports that adequately document rationale for escalation or closure to mitigate risk to RBC and provide clear direction and guidance to internal AML investigation partners responsible for further reviewing IAMLAAT’s escalations.
Demonstrate a strong understanding of the various business lines IAMLAAT is responsible for monitoring, including the unique AML risks applicable to those business lines.
Advise/escalate to Senior Manager any trends or issues and take action to propose improvements to workflow, processes, and tools.