Manager, AML Investigation Support
Manager, AML Investigation Support
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Job Description
Job Description
What is the opportunity
The AML Investigation Support Team (AMLIST) plays an important role in the execution of numerous workflows within RBCs AML FIU by:
- Planning conducting and completing 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.
- Conducting end-to-end investigations from the initial alert review to the filing of STRs to FINTRAC for the Post Demarket STR process Fraud Straight Through Processing (STP) workflow and referrals from RBCs Corporate Investigations Services (CIS) for specific fraud typologies.
- Taking decisive action on 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).
- Reviewing 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.
What will you do
- Contribute to the growth and continued development of the Post Demarket STR Process and rollout of the Straight Through Processing of STRs.
- 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:
- Referrals from internal partners and other business units where suspicious activity appears to have continued following an initial suspicious transaction report (STR) until the termination of a client relationship.
- Referrals from RBCs CIS and NFDG on specific fraud-related typologies.
- Other required STRs that may fall within the AMLISTs scope.
- Ensure alerts & cases contain sufficient documentation and rationale for escalation or closure to support initial triage of the activity and mitigate risk to RBC.
- Review and action escalations from GAMLAAT AML Investigations HRC and other teams within RBCs AML FIU for workflows including but not limited to Punitive Account Violations (such as BTP and ULRG typologies) Know Your Client Deficiency (KYCD) Iran MD LCTR reviews and HRC Account Closures.
- 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.
- Promote a values-based respectful flexible and inclusive workplace; embrace 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.
Undergraduate university degree or equivalent.
Experience with Microsoft Excel
Strong written and analytical skills
Nice-to-have
CAMS designation
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
#LI-POST
Job Skills
Anti-Money Laundering (AML) Communication Data Gathering Analysis Detail-Oriented Financial Regulation Fraud Risk Management Group Problem Solving Internal Controls Operational Integrity Process ManagementAdditional Job Details
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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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Required Experience:
Manager
Employment Type
Full-Time
