Senior Manager SAR/STR Assessment

Job Description

What is the opportunity?

Are you passionate about turning data into information and information into knowledge?
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.

What will you do?

• 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.

What do you need to succeed?

Must have

• 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 have

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

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
• Opportunities to do challenging work

Job Skills

Anti-Money Laundering (AML), Business Perspective, Communication, Decision Making, Financial Regulation, Interpersonal Relationship Management, Operational Integrity, Organizational Governance, Process Management, Strategic Thinking

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities

---