Manager- High Risk Sectors

1 month ago

Toronto, Canada Royal Bank of Canada> Full time

Job Summary

Job Description

What is the opportunity?

The Manager, High Risk Sectors provides direction and/or execution of core risk decisions related to the identification, review, management, escalation, and approvals of higher risk clients, with a focus on Money Services Businesses (MSBs). This includes initial and periodic enhanced due diligence (EDD) processes to identify and address financial, regulatory, reputational, and legal risk. This role also supports the management and prioritization of team workflows/queues and may include people management. The role also includes on-going professional development to ensure knowledge is current and comprehensive with a thorough understanding of AML / CTF risk and associated regulatory requirements.

What will you do?

  • Prioritize and manage the team’s EDD workflow and ensure that the Global Standards for Client Risk Management (CRM) and EDD are executed consistently;

  • Complete risk assessments and execute approval process as applicable for High Risk Clients, partnering with the appropriate Money Laundering Reporting Officers,  Business stakeholders, Law Group and CIS as required;

  • Review and provide quality assurance to completed EDD risk assessments, where applicable;

  • Communicate and follow up with business partners and/or stakeholders to obtain required information and/or documentation pertaining to risk assessment to ensure reviews / reports are completed within a timely manner;

  • Escalate any gaps or issues identified in policies and procedures to strengthen the bank’s AML compliance program;

  • Provide input into the development of processes, guidance documents, tools and job aids as required, in order to enhance the HRCM Strategy and ensure compliance with regulatory and policy requirements. 

  • Help to foster an environment and culture aligned to RBC values and which allows us to attract and retain high performing employees

What do you need to succeed?

Must-have

  • Effective and strong written and oral communication skills;

  • Highly developed organizational skills and the ability to work within strict deadlines;

  • 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 Working knowledge of AML compliance requirements and regulations for Canada, US, Caribbean and other jurisdictions where RBC operates.

  • Experience working in law enforcement or the financial sector or financial regulatory oversight.

  • Skilled in Microsoft Office, specifically Excel, Word and Outlook (Level 2 or above).

  • University degree or equivalent experience

Nice-to-have

  • Some management experience.

  • CAMS designation

What is in it for you?

We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed 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,

  • Ability to make a difference and lasting impact

  • Work in a dynamic, collaborative, progressive, and high-performing team

  • Opportunities to take on progressively greater accountabilities         

Job Skills

Anti-Money Laundering Compliance, Critical Thinking, Data Compilation, Data Gathering Analysis, Detail-Oriented, Enhanced Due Diligence, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity, Prioritization, Process Management, Professional Writing, Risk Management, Teamwork

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:

2024-11-01

Application Deadline:

2024-11-15

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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