National Senior Manager, Operations Risk & Compliance Private Banking

Royal Bank of Canada•Toronto, ON

13d•Onsite

About The Position

Working with the RBC Private Banking National KYC Team, Operations Team, and Anti-Money Laundering Team (AML), you will be responsible for ensuring that Private Banking remains compliant with AML Policy and Regulations. You'll do this by overseeing client onboarding, Client Due Diligence (CDD) processes, managing Cross Border compliance requirements, and identifying risks and process gaps.

Requirements

5+ years’ experience in Financial Services with preferred experience in either Private Banking or High Net Worth Client Segments
5+ years' experience in AML related fields
University degree and CAMS certification
Expertise in Compliance, AML and Risk mitigation strategies
Broad knowledge of global compliance and ability to identify and resolve risk related internal control issues and processes
Skilled in business improvement methodologies

Nice To Haves

Fluent in French, Mandarin or Cantonese
People Management Skills
Additional designations (Agile, Lean and Six Sigma)
Proficient in Microsoft Office including MS Word, Excel, PowerPoint

Responsibilities

Demonstrate subject matter expertise and deep knowledge in Private Banking business.
Accountable for the Private Banking AML CDD Compliance Process, KYC operational effectiveness and management of related risks and Cross Border Governance related to all Private Banking units.
Accountable for leading the ongoing AML CDD execution and KYC risk mitigation strategies, monitoring and reporting to key stakeholders as required.
Point of contact for all CPB, providing guidance on their AML and compliance responsibilities / issues / requirements; liaise with AML FIU, Global Economic Sanctions, Corporate Investigation Services (CIS), Anti-Bribery, Anti-Corruption Group (ABAC), Business Operations, and Business Compliance where applicable.
Provide regulatory and compliance oversight to the business units to ensure compliance with AML / ATF regulatory requirements
Keep abreast of regulatory changes, interpret potential impact and identify changes required within CPB; liaise with the business partners with regard to the implementation of the changes.
Collaborate with AML/ATF in the completion of risk assessments to ensure action plans are developed to address any identified gaps/risks as required.
Look for opportunities to enhance and/or create streamlined and efficient AML compliance policies, processes and procedures or other compliance requirements as needed for CPB. Provide oversight of the business in the operationalization and compliance of these policies.
Support the integration/implementation of new national initiatives and activities.
Provide proactive support advice and counsel to the Private Banking Units; Private Bankers and Regional Vice President and their teams on their client on-boarding KYC AML CDD risks, compliance and operational effectiveness and Cross Border Governance.
Participate in providing direction, requirements and support as a partner in various AML projects that impact CPB.
Responsible for continuous health check, monitoring and reporting on KYC/AML operations.
Contribute to the unique culture of Private Banking KYC Team by continually demonstrating commitment to contribute to the ongoing growth and professional capabilities of the team and yourself.

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
Opportunities to do challenging work
Opportunities to take on progressively greater accountabilities