Senior Manager, Sanctions Evasion

Job Description

What is the opportunity?

This role will contribute to the development of RBC's new sanctions evasion and trade compliance program, including among others developing policies and procedures, training content, risk and gap assessments, reporting/metrics, etc.

• Provide advisory guidance and support to internal partners and RBC units globally on risks and requirements related to sanctions and export control evasion, including Financial Crimes & AML, trade finance, and commercial banking.
• Liaise and engage with industry, regulators, and law enforcement on risks and requirements related to sanctions and export control evasion.
• Conduct investigations involving higher risk clients and transactions triggering due to sanctions and export control evasion risks. Investigations review the client, account activity, open-source information, vendor intelligence, and sanctions regulations, where applicable (i.e. Canadian, US, EU and UK), to assess and mitigate the sanctions as well as the sanctions and export control evasion risks associated with the client or the transactions.
• Lead projects related to enhancing RBC's control environment to incorporate sanctions and export control evasion risks globally.
• This position directly mitigates RBC's exposure to regulatory, legal, reputational, and financial risks and requires a senior compliance professional with a strong background in sanctions/AML compliance who also operates in a fast faced and high-pressure environment and can adapt quickly and confidently to changing regulatory requirements and expectations.
• Provides support to the Director, Sanctions Evasion & Trade as required to ensure RBC continues to comply with all applicable economic sanctions laws and regulations.

What will you do?

• Mitigate RBC's regulatory, legal, reputational, and financial risks by conducting investigations, leading projects, and generally contributing to the development and enhancement of RBC's controls related to sanctions and export control evasion to ensure RBC continues to comply with all applicable economic sanctions laws and regulations.
• Maintain a strong and in-depth knowledge of Canadian, US, UK and EU sanctions regulations, as well as Canadian and US export control regulations, and stay abreast of changes to sanctions and export controls regulations.
• Day-to-day management of sanctions and export control evasion investigations, including proactively identifying higher risk clients and transactions
• Assess potential sanctions as well as sanctions and export control evasion risks, ensuring that clients are not engaging in prohibited activities through RBC accounts and transactions are properly assessed given higher sanctions and export control evasion risks.
• Maintain accurate documentation of investigations and assessments of sanctions regulations per established procedures.
• Act as a point of escalation to internal partners and RBC units globally that require guidance/direction on sanctions and export control evasion.
• Identify clients and transactions that pose unacceptable sanctions risks to RBC and engage the Senior Management in Global Economic Sanctions to share these risks to RBC, including identifying and reporting transactions/activities to FINTRAC and drafting disclosures to law enforcement where potential violations of sanctions laws have been identified.
• Lead projects enhancing RBC's sanctions-related controls to incorporate sanctions and export control evasion risks globally.
• Demonstrate leadership, ownership, and a growth mentality to ensure positive and professional working relationships within Global Economic Sanctions, Financial Crimes & AML, and RBC's business units.

What do you need to succeed?

Must have

• Undergraduate Bachelor's Degree

• 10+ years of direct Financial Industry Compliance or legal experience, including sanctions experience

• Prior sanctions compliance experience at a Canadian Financial Institution
• Experience excelling in a fast paced, high pressure environment
• Experience demonstrating strong written and oral communication skills
• Experience collaborating effectively with internal and external partners
• Expert knowledge of sanctions regulations/ guidance and compliance challenges (e.g. deemed ownership)
• Knowledge of the changing geopolitical landscape and its impact to Financial Institutions
• Ability to review, understand, and apply complex regulations (critical thinking skills)
• Highly developed organizational and time management skills with an ability to be agile to shifting priorities
• Concise and accurate documentation of incidents and sanctions risk mitigation (communication skills)

Nice to have

• Legal experience is an asset

• ACAMS or ACSS Certification

Job Skills

Anti-Money Laundering (AML), Business Perspective, Client Counseling, Communication, Decision Making, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity

Additional Job Details

Address:

WATERPARK PLACE, 20 BAY ST: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.

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