Senior Manager, Financial Crimes Client Risk Oversight

RBC • Raleigh, NC

9d

About The Position

What is the Opportunity? The Senior Manager, Financial Crimes Client Risk Oversight supports the BSA Officer with various responsibilities that are integral to the overall Financial Crimes Compliance program and will partner with relevant lines of business in meeting regulatory requirements related to Know Your Customer (“KYC”), Customer Due Diligence/Enhanced Due Diligence (“CDD/EDD”), Customer Identification Program (“CIP”), Client Risk Rating (“CRR”), periodic review of higher risk clients, and Office of Foreign Assets Control (“OFAC”) requirements. Additionally, the Senior Manager, Financial Crimes Client Risk Oversight will support the ongoing Financial Crimes Compliance program through the management of, and execution of, other regular processes related to regulatory or policy requirements, which include periodic oversight testing and the maintenance of Anti-Money Laundering/Counter Terrorism Financing (“AML/CTF”)-related processes. The Senior Manager, Financial Crimes Client Risk Oversight also serves as the back-up to the BSA Officer for OFAC-related reporting responsibilities. What will you do?

Requirements

• Bachelor's Degree or equivalent experience
• Minimum 7+ years of professional experience
• Extensive knowledge of risk management and anti-money laundering related requirements domestically including Bank Secrecy Act (“BSA”), USA PATRIOT Act, Office of Foreign Assets Control (“OFAC”) and other U.S. regulations, such as Foreign Corrupt Practices Act (“FCPA”)
• Sound knowledge of global AML/CTF requirements
• Strong analytical skills
• Ability to consistently manage multiple priorities
• Ability to make sound independent decisions upon review of facts and circumstances
• Strong written and verbal communication skills
• Experience serving in an EDD capacity, assessing client risks, transactions and activity, and providing ongoing recommendations to effectively manage risk appetite
• Strong knowledge of Microsoft suite software (e.g., Word, Excel, PowerPoint)

Nice To Haves

• Certified Anti-Money Laundering Specialist (“CAMS”) designation

Responsibilities

• Manage the Customer Due Diligence program and Client Risk Oversight elements, including oversight of related First and Second Lines of Defense (“1LOD and 2LOD”) processes, CRR, Periodic Risk Review (“PRR”), Demarket, Sanctions, and ABAC
• Assists with maintaining the AML/BSA Governance documents and all related procedures, guides, tools needed to ensure clarity of critical AML/BSA processes specific to CDD, Client Risk Oversight, and Sanctions; as well as assists in the development and/or changes in procedures of various 1LOD departments
• Mitigate Money Laundering/Terrorism Financing (“ML/TF”) risk through contributing to the AML, OFAC, and ABAC Risk Assessment process including documenting and following up on action plans
• Assist with delivery of Financial Crimes training including tracking of results and training content related to CDD and Sanctions
• Execute and update risk assessments processes such as Client Risk Ranking, product risk assessments, and country risk assessments
• Support the Director, Financial Crimes Compliance & BSA Officer (and Deputy BSA Officer) in acting as an advisor in new product/service development to ensure that AML/BSA/OFAC/ABAC compliance risks are identified and addressed
• Assist in the preparation and management of AML/BSA/OFAC internal audits and regulatory examinations
• Assist with the Financial Crimes Compliance testing program and plan in coordination with Financial Crimes Oversight Testing (“FCOT”), including the creation and/or validation of test scripts to facilitate compliance testing of key Financial Crimes processes and as required conduct tests and communicate results to process owners
• Provide key support to the Director, Financial Crimes & BSA Officer (as well as the Deputy BSA Officer) in overseeing functions executed by the Global AML Financial Crimes, primarily High-Risk Client (“HRC”) management and Global Economic Sanctions (“GES”) to enable management to have full transparency
• Support the Director, Financial Crimes Compliance to ensure comprehensive reporting of regulatory and AML related matters to senior management, local operating committees, and appropriate regulatory agencies
• Utilize BSA/USA PARIOT Act/OFAC knowledge to research and identify industry best practices and to provide recommendations on implementation
• Manage strategic Financial Crimes projects that directly impact the success of the overall Financial Crimes program
• Conducts ongoing AML research using resources such as internet websites and/or AML/BSA related publications to maintain knowledge of current events and trends affecting compliance with AML regulations
• Participate and work with Combine U.S. Operations (“CUSO”) Financial Crimes Management Committee and applicable industry bodies and regulators to develop Financial Crimes requirements and share best practices

Benefits

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• 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 build close relationships with clients.
• You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees