Manager, High Risk Client Management

4 weeks ago

Toronto, Canada Royal Bank of Canada Full time

**Job Summary**

**What is the opportunity?**

As Manager, High Risk Client Management you will support the execution of core risk decisions related to the identification, review, management, and escalation of higher risk clients. Specifically, you will provide strategic support within Canadian Commercial Retail Banking for segments of clients that operate in certain high risk sectors.

This will include conducting Enhanced Due Diligence (EDD) analysis on Canadian Commercial Retail Banking clients operating in certain high risk sectors in order to assess whether a client is within RBC’s AML Risk Appetite. These analyses are conducted at onboarding and on an ongoing basis and involve research using RBC approved techniques and tools to identify high risk factors and recommend mitigating actions where applicable. You will prepare client risk assessments to effectively communicate the materiality of any AML risk exposure, such as Money Laundering (ML), Terrorist Financing (TF), sanctions, and material relevant adverse information for Senior Management’s review and approval.

What will you do?
- Conduct research and investigations using RBC approved techniques and tools to evaluate if a client presents a higher level of ML / TF, regulatory and reputational risk to the Bank
- Review and approve completed EDD risk assessments and draft Suspicious Transaction Reports (STR)
- Manage queue volume and work assignments
- Work with business partners and stakeholders to ensure that all issues/reviews are escalated appropriately within defined timelines and in accordance with RBC’s policies and procedures
- Support the development of processes, guidance documents, and job aids as required, to enhance the HRCM Strategy and ensure compliance with regulatory and policy requirements
- Provide feedback to stakeholders where gaps are identified regarding processes in order to ensure adherence to compliance with AML / CTF legislation, policies, and procedures
- Provide operational capacity support to other HRC teams where needed
- Complete mandatory RBC training on a timely basis and keep abreast of current industry knowledge, best practices, and skills sets relevant to AML/CTF, and other related regulatory requirements

What do you need to succeed?

Must-have:

- 2+ years of experience in AML Compliance, Financial Crimes investigations, working knowledge of AML compliance requirements and regulations for Canada, experience working in law enforcement or the financial sector or financial regulatory oversight
- Strong investigative and problem-solving skills
- Strong analytical aptitude and risk mindset
- Demonstrated effective and strong written and oral communications skills
- Post-secondary education or equivalent experience

Nice-to-have
- CAMS Designation
- Breadth of knowledge and experience conducting AML investigations on entities across a variety of AML high risk sectors

**What’s in it for you?**

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- 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
- Opportunities to take on progressively greater accountabilities

**Job Skills**

Anti-Money Laundering (AML), Communication, Data Gathering Analysis, Detail-Oriented, Operational Integrity, Process Management, Risk Appetite, Risk Assessments

**Additional Job Details**

**Address**:
20 KING ST W:TORONTO

**City**:
TORONTO

**Country**:
Canada

**Work hours/week**:
37.5

**Employment Type**:
Full time

**Platform**:
GROUP RISK MANAGEMENT

**Job Type**:
Regular

**Pay Type**:
Salaried

**Posted Date**:
2024-03-12

**Application Deadline**:
2024-03-27

**I**nclusion** and Equal Opportunity Employment**

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

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