Manager, HRS Alert Analysis & Adverse Support
Manager, HRS Alert Analysis & Adverse Support
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Job Summary
Job Description
What is the opportunity
The High Risk Sectors Alert Analysis Team (HRSAAT) 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 GAMLAAT and Media Scanning and which do not require the involvement of the High Risk Client Management Team (HRC) AML Investigations or AML Compliance. The Manager HRS Alert Analysis & Adverse Support reviews case escalations and/or TRM alerts to assess that the client activity against a pre-determined risk appetite and determines if the case/alert warrants further AML Investigation HRC Investigation or Demarket while documenting the approach accordingly.
Further the Manager acts as a subject matter expert/senior specialist in the review of payment scanning alerts in relation to High Risk Sectors (HRS) as defined by RBC. These reviews involve conducting name matching analysis and risk appetite contemplation utilizing RBC approved techniques and tools to assess whether the flagged hits are of concern.
The Manager HRSAAT & Adverse Support is directly responsible for the Fircosoft Live Alerts Process which includes an evaluation of live transactions to either pass or escalate the trades as appropriate after contemplation of any potential AML/Financial Crimes concerns.
What will you do
- Review GLA & Trade Operations alerts to ensure thorough assessments for any potential AML or other Financial Crimes concerns.
- Ensure accurate and timely documentation of actions taken within the Fircosoft Live Alerts Process including Inputting commentary and supporting evidence into systems such as FIRCO Trade360 and Excel.
- The Manager is expected to be working under tight timelines supporting the live FIRCO alerts process which may require the Manager being available on certain public holidays.
- Reviews and takes appropriate actions on alerts and cases flagged for payments related to HRS as defined in the respective High Risk Sectors Alert Analysis (HRSAA) processes. These incudes but is not limited to workflows such as Email Money Transfers for Cannabis-Related Businesses Quarterly Enhanced Transaction Monitoring CLF and Potential MRB Daily Name Scanning Monthly Wire Scans and others.
- Directly responsible for reviewing alerts within the aforementioned workflows to: (a) escalate potentially suspicious activity or materially relevant adverse information (RAI) for further investigation; (b) identify applicable scenarios and execute the corresponding processes while adhering to formal procedures; or (c) close false positives in alignment with their respective processes.
- Provides ongoing feedback to Senior Management ensuring name matching logic is sound and of a high-quality level in order to facilitate decisions with minimal requests for additional information and for the purpose of mitigating financial regulatory reputational and legal risk to RBC.
- Works with stakeholders to ensure that analyses are escalated where relevant and that they are conducted within defined timelines RBC guidelines processes and procedures and in accordance with RBC Goals.
- Personally responsible and accountable for self-development and maintaining up to date knowledge best practices and skills sets for relevant AML/CFT and other regulatory matters in support of the analytical function.
- Develop and maintain a network of internal partners and external peers in the industry to support analytical requirements.
What do you need to succeed
Must have
- 2 years experience in financial crimes and/or money laundering investigations within banking law enforcement or a regulatory body.
- Experience with Microsoft Excel
- Strong written and analytical skills
Nice to have
- CAMS designation is an asset
- Knowledge of banking systems and processes.
- Strong knowledge of relevant predicate offences such as fraud and familiarity with the financial crimes aspect of the cannabis industry will be considered an asset.
- Skilled in open source research.
Whats 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
- Opportunities to take on progressively greater accountabilities
- Opportunities to building close relationships with clients
- Access to a variety of job opportunities across business and geographies
#LI-POST
Job Skills
AML Monitoring Anti-Money Laundering (AML) Anti-Money Laundering Compliance Anti Money Laundering Training Business Perspective Communication Decision Making Financial Regulation Interpersonal Relationship Management Operational Integrity Organizational Governance Process Management Risk Management Strategic ThinkingAdditional Job Details
Address:
City:
Country:
Work hours/week:
Employment Type:
Platform:
Job Type:
Pay Type:
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.
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 .
Required Experience:
Manager
Employment Type
Full-Time
