Trade Compliance

Job Description

What is the opportunity?

Trade Compliance and Internal Control team adjudicates on transactions relating to Sanctions, Vessel Scanning, Anti-Money Laundering, Anti-Terrorist Financing, Military Material Financing and related RBC policies and regulations. The incumbent will be a key decision maker on transactions such as Letters of Credit, Standbys, Guarantees, Documentary Collections and all other trade related queries and transactions that falls within Group risk management/ Global Economic Sanctions / AML decision grid for Trade processing. Additionally, the Analyst is responsible to complete the periodical Quality Assurance Program (QAP) on various Trade and IBC processes. The Analyst is also required to monitor/review /approve/escalate the trade transactions in the FIRCO queue. The Analyst is required to make the decision within the DLA and guidelines as per the policy/SOPs and escalate the transaction to GTS / GRM / GES / AMLC as and when required.  All responsibilities must be carried out in accordance with Code of Conduct, RBC Values and Guiding Principles ensuring adherence to Privacy principles.

What will you do?

• Review and decision trade transactions referred from Trade Support Officers, Trade Services Officers, RBC sales network that involve restricted countries (as a result of sanctions/embargoes or other concerns) military material or other high-risk situations
• Review and decision trade hits in FIRCO system for trade transactions
• Referral point for transactions referred from EAMLAT/Payments Sanctions filter for day-to-day compliance issues. Filing UTR for Trade Ops transactions
• Provide AML guidance and direction on a case-by-case basis in respect of clients who/which pose high AML risks so that appropriate due diligence is conducted, and informed decisions are made in respect of such clients
• Review along with Manager and validates processes under QAP (Quality Assurance Program) as outlined in Risk Ranking document
• Validates processes for the Centre including completing mandated verification for all Trade products (Import/Export/Guarantee/Standby & Documentary Collections).
• When referred transactions fall outside of delegated decision, authority, prepare submissions for decision by business, AML Compliance and/or risk management, senior management/executives as required
• Promotes a Client First approach with internal/external clients and service partners, ensuring responsive, value adding resource that demonstrates a Service Provider Mindset.
• Provides consistent service within established Client Service Commitments/Service Partner Commitments and seeks to improve the quality, timeliness, and consistency of responses to clients

What do you need to succeed?

Must Have

• Undergraduate degree, CDCS and ACAMS Certification.  Good and Strong knowledge of various ICC rules.
• Demonstrated ability in written and oral communication skills along with strong presentation skills.
• Ability to determine the information and communication needs of the stakeholders.
• Deadline-driven and results-oriented; able to meet consistently high-quality standards while handling a variety of tasks and deadlines simultaneously.
• Manage Operational, Transactional & Reputational Risks and provide advice and guidance on high risk and compliance related trade transactions

Nice to Have

• Ability to facilitate between and influence key decision makers
• Strategic thinker with excellent interpersonal skills to work across functions and businesses
• Champion Trade Operations for their day-to-day compliance, BCP/Risk review of high-risk trade transactions

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
• Flexible work/life balance options
• Opportunities to do challenging work

Job Skills

Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Industry Knowledge, Internal Controls, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking

Additional Job Details

Address:

180 WELLINGTON ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

Employment Type:

Full time

Platform:

TECHNOLOGY AND OPERATIONS

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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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.

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