Senior Manager, AML Compliance and Optimization Lead

4 weeks ago

Toronto, Ontario, Canada Royal Bank of Canada Full time
Job Description

The Senior Manager, AML Compliance and Optimization Lead will utilize their expertise in AML and statistical analysis to develop and maintain an efficient and effective Tuning and Optimization Program. This program will consider regulatory expectations, industry trends, and innovation opportunities. The Senior Manager will develop and execute tuning methodologies, review performance of AML Transaction Monitoring solutions, and manage the transaction monitoring tuning schedule.

Key Responsibilities
  • Develop a comprehensive, defensible, risk-based, tuning and optimization program for the Transaction Monitoring Development Team rule-based and machine learning solutions.
  • Collaborate with the Director of TM to develop and manage a tuning and optimization schedule for production AML Transaction Monitoring solutions.
  • Lead the development and enhancements to the tuning methodology, documentation, and procedures.
  • Develop statistical and non-statistical optimization methodologies for initial threshold setting in preproduction solutions.
  • Develop a repeatable tuning and above-the-line testing/below-the-line testing methodologies founded on quantitative analysis.
  • Develop a process for continual assessment of alert metrics to identify potential solution decay.
  • Oversee statistical components of I&A TM Methodologies, model whitepapers templates aligned with RBC policy and regulatory expectations.
  • Lead the effort to develop, maintain, and document the sampling approach and methodology.
  • Evaluate solution effectiveness and suitability by using statistical analysis and AML expert judgment based on solution performance and tuning results.
  • Assess the output of ATL / BTL and provide recommended action for tuning reports.
  • Maintain documentation surrounding approvals and justification for any enhancements.
  • Partner with business partners, industry peers, and external vendors to improve effectiveness and efficiency of the transaction monitoring program.
  • Identify industry best practices and new technologies for strategic consideration by the AML Monitoring and AML Governance Committee.
Requirements
  • 5+ years of technical and leadership experience.
  • Proficient with SAS and its macro language, SQL, Python, and visualization software (Tableau). Other expertise with R, Hadoop, VBA, or other related experience desirable.
  • Strong data, analytical, and quantitative method skills.
  • Proven excellent written and oral communication skills to convey complex concepts to a non-technical audience.
  • Strong capability in exploratory data analysis (correspondence analysis, principal component analysis, cluster analysis, latent class analysis ...).
  • Proven innovative problem-solving skills.
What's in it for you?
  • 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 an agile, collaborative, progressive, and high-performing team.
  • The opportunity to interface with senior-level executives from many different parts of the organization.

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