Senior Manager SAR/STR Assessment

Royal Bank of Canada • Bedford, Ontario

1d • Onsite

About The Position

In this role, you’ll lead end-to-end assessments of Suspicious Activity Reports (SARs) and Suspicious Transaction Reports (STRs), analyzing trends and extracting actionable intelligence. You will execute assessments that demonstrate our program’s robustness to regulators and stakeholders, while converting insights into tangible operational improvements. Drawing on your deep financial crime expertise and analytical rigor, you’ll collaborate across teams to benchmark performance, implement strategic enhancements, and evolve our policies and risk frameworks.

Requirements

• Post-secondary education or equivalent.
• 5+ years of financial crimes investigative, analytic and leadership experience
• Experience with collaborative strategy development & communication
• Experience communicating to regulators, auditors and senior management
• Familiarity with AML legislation and regulations

Nice To Haves

• Graduate degree (MBA or relevant subject matter area)
• Certified Anti-Money Laundering Specialist (CAMS) designation or other related certifications

Responsibilities

• Lead End-to-End Assessments: Support enterprise-wide assessments of SAR/STR programs to evaluate effectiveness of SAR/STR metrics (completeness, timeliness, accuracy, precision), contribute to enhancement recommendations, regulatory alignment, and operational quality
• Drive Regulatory Adherence: Assess and refine SAR/STR processes to ensure seamless alignment with regulatory standards, driving strategic enhancements that elevate program effectiveness and timeliness without compromising operational integrity.
• Enhance Program Robustness: Identify gaps in SAR/STR processes and recommend data-driven improvements to detection and reporting.
• Steward Risk Frameworks: Help define risk positions for emerging threats and align policies with RBC’s risk appetite.
• Support Governance: Maintain assessment methodologies, and documentation to demonstrate program strength to regulators.
• Collaborate Strategically: Partner with stakeholders to implement process enhancements and ensure insights inform organizational initiatives.
• Analyze and Assess SAR/STR: Extract insights from SAR/STR data to detect patterns, emerging risks, completeness, accuracy, and alignment with regulatory expectations, identifying areas for refinement opportunities for process improvement.
• Evaluate Program Effectiveness: Measure the impact of SAR/STR initiatives against KPIs, benchmarking performance to industry standards.
• Strategic Reporting: Prepare executive summaries and reports that translate insights into actionable recommendations for leadership.
• Continuous Improvement: Lead workshops and discussions to share assessment learnings and drive a culture of proactive enhancement.
• Collaborate Cross-Functionally: Engage with compliance analysts, legal teams, and operations to address escalations and process inefficiencies.

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
• Opportunities to do challenging work

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed