Director Financial Crimes

Job Description
Together with other FCOT Senior Management, support the development and strategy of the Global FCOT Program, the Director will manage the Financial Crimes Oversight Testing (FCOT) Program for Canada Caribbean Central. Undertaking multiple complex initiatives as part of RBC's ongoing plan to provide management reporting and escalation on results of Financial Crimes Oversight Testing for Canada Caribbean Central. The role will coordinate, develop, lead, communicate and execute activities to ensure objectives are accomplished according on time.

Manage FCOT Program for
Canada Caribbean Central

• Lead the development of the Financial Crimes Oversight Testing program for Canada Caribbean Central, including the annual test plan in collaboration with MLROs and key stakeholders.
• Maintain in-depth knowledge of financial crimes legislation globally, and become familiar with industry trends, regulations, and regulatory landscape.
• Provide subject matter expertise to ensure effective planning, testing, and outcomes designed to identify and test areas of potential risks.
• Ensure adequate review and approval of test plans and reports, ensure escalation of delays in testing.
• Proactively identify and report on risks, trends, themes, and systemic breakdowns of financial crime processes and controls in the first and second line.
• Develop and maintain stakeholder relationships to encourage collaboration and better outcomes.

Provide management oversight and reporting and escalation on results of Financial Crimes Oversight Testing

• Provide management reporting locally and at the Enterprise level on results of FCOT periodic testing, reporting on areas of risk and issues raised.
• Report on the progress of testing and regulatory issue validations, against the annual plan.
• Provide effective challenge for issues identified through Financial Crimes testing on issue materiality, issue closure and reporting/escalations.
• Provide components of trend analysis to support various enterprise and local reporting requirements, such as annual/quarterly reports.
• Oversee local issue management processes, including timely management of issues raised by FCOT

Support development and strategy of the Global FCOT Program

• Benchmark and research opportunities for innovation & strategy (Internal Audit, QAR, consultants).
• Document, implement and keep abreast of regulatory and internal control changes.
• Support with the maintenance of the Global Oversight Program and Control Standards as well as any local supporting standards.
• Develop and maintain the Global Oversight Testing Schedules

Lead and Develop Team Members:

• Provide focus and clarity in establishing individual goals, driving performance management, supporting career development, and rewarding strong performance
• Enhance and develop team members' capability around oversight testing.
• Provide leadership, coaching, performance management, and personal development support.
• Initiate and promote value-added change.
• Proactively identify personal development opportunities.
• Lead the team with innovative, risk-focused techniques.
• Manage the AML oversight team and provide guidance on test execution.

Job Skills
Anti-Money Laundering (AML), Business Perspective, Client Counseling, Communication, Compliance Programs, Decision Making, Financial Regulation, Group Problem Solving, Interpersonal Relationship Management, Issue Management, Operational Integrity, Organizational Governance, People Management, Reporting Requirements, Risk Management, Sanctions Compliance, Strategic Thinking

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:

Application Deadline:

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

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.