Risk Management Specialist, US Banking and Wealth
1 week ago
Job Summary
Job Description
What is the opportunity?
The Risk Management Specialist, US Banking and Wealth will support the Senior Manager, High Risk Client Management by providing direction and execution of core risk decisions related to the identification, review, management, and escalation of higher risk clients. This role requires the following: assisting in the identification, confirmation, management, and approval process for the on-boarding and periodic review and assessment of high risk clients, as required; and committing to on-going professional development, to ensure that individual and collective team knowledge is current and comprehensive so that outcomes, including decisions and recommendations, are based on a thorough understanding of risk involved and are made in the context of AML / CTF regulatory requirements.
Key Responsibilities
- Conduct HRC EDD risk assessments for units supported by the HRC Team and ensure that the Global Standards for Client Risk Management (CRM) and EDD are executed consistently;
- Partner with the FIU, Insights & Analytics, and Global AML Compliance to ensure that HRC risk assessments are appropriately coordinated, routed, and escalated where relevant, using a risk-based approach;
- Manage the execution of the HRC processes (including on-boarding and periodic review) and ensure, where applicable, all regulatory timeframes are met;
- Create an environment and culture that allows us to attract and retain high performing employees;
- Help individuals and teams achieve high performance through building capabilities and effective coaching and performance management;
- Attend and actively participate in team discussions, coaching sessions, and the development and testing of new initiatives/ processes as required;
- Work with business partners and stakeholders to ensure that, where applicable, all issues /reviews are escalated appropriately within defined timelines and in accordance with RBC's policies and procedures;
- Effectively communicate with business partners and stakeholders to ensure a high degree of service standards and client care focus is maintained;
Requirements
- Post-secondary education or equivalent experience;
- Strong Financial Crimes, AML/Fraud knowledge to prevent the use for RBC's financial services for money laundering and terrorist financing;
- Demonstrated knowledge of or experience in financial and money laundering crimes/High Risk Knowledge of and/ or experience in AML Compliance, Financial Crimes investigations (within law enforcement or banking), Financial regulatory body, or banking/finance;
- Effective and strong written and oral communication skills;
Preferred Qualifications
- CAMS certification;
Job Skills
Business Process Design, Decision Making, Financial Risk Management (FRM), Operational Risks, Risk Control, Risk Management, Teamwork
Additional Job Details
This role is part of the Royal Bank of Canada's Group Risk Management team.
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