Job Summary

Job Description

What is the opportunity?

The AML Investigations Support Team (AMLIST) provides a second level triage function within the AML FIU by taking decisive action on certain alerts and cases which require some form of diligence beyond the mandate of the GAMLAAT and which do not require the involvement of AML Investigations (i.e. there is no deemed reporting requirement). The Manager, AML Investigations Support reviews case escalations and/or TRM alerts to assess the client activity against a pre-determined risk appetite and determines if the case/alert warrants further AML Investigation, Cease & Desist letters, Account Closure or Demarket while documenting the approach accordingly. Additionally, the Manager, AML Investigation Support will plan, conduct, and complete risk based investigations into matters referred to the Team, through the gathering, analysis, and evaluation of relevant information in order to determine whether sufficient suspicion exists of money laundering, financing of terrorism, or other criminal activities, to justify making a report to the Regulatory Authority for the purpose of complying with legislative/regulatory requirements, and mitigating risk to RBC in line with established organizational policy.

What will you do?

• Contribute to the growth and continued development of the Post Demarket STR Process.
• Conducts risk-based reviews of AML transaction monitoring alerts or cases for all applicable business lines in accordance with AMLIST standards to (a) escalate potentially suspicious activity for further review; (b) identify scenarios applicable for the Level Two Triage Process and execute said process; or (c) close false positives.
• Plan, conduct, and complete risk based investigations into relevant matters referred to the Team, in line with approved processes, including but not limited to those originating from:
• Ensure alerts & cases contain sufficient documentation and rationale for escalation, L2 action or closure to support initial triage of the activity and mitigate risk to RBC.
• Advise/escalate to Senior Manager any trends or issues and take action to propose improvements to workflow, processes and tools.
• Fulfill annual compliance training hour requirements.
• Active participation in RBC Reward & Recognition programs and Employee Opinion Survey and results.
• Promotes a values-based, respectful, flexible, and inclusive workplace; embraces diverse styles and perspectives.
  
  

What do you need to succeed?

Must-have

• Experience in financial crime and/or money laundering investigations within banking, law enforcement, or a regulatory body preferred.
• Experience with Microsoft Excel
• Strong written and analytical skills
  
  

Nice-to-have

• Undergraduate university degree or equivalent.
• 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 (AML), Communication, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Fraud Risk Management, Internal Controls, Operational Integrity, Problem Solving, Process Management

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:

2024-02-05

Application Deadline:

2024-02-17

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.

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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