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Vice President, Business Risk - AML, Sanctions & Financial Crimes

RBC Capital

RBC Capital

Accounting & Finance
Jersey City, NJ, USA
Posted on Monday, June 10, 2024

Job Summary

Job Description

What is the opportunity?

Reporting to the Director, Business Risk – AML, Sanctions & Financial Crimes, the employee will play a key role within the first line of defense team supporting AML, Sanctions & Financial Crimes within the business, as well as working closely with functional stakeholders, in incorporating AML, Sanctions and Financial Crime requirements in business initiative delivery under Agile ways of working. The role will also involve close coordination with Second Line of Defense AML & Financial Crime partners and the US Cash Management product teams to enable US Cash Management to proactively identify, manage and prioritize applicable AML, Sanctions and Financial Crime controls within the key initiatives, as well as facilitating and supporting the execution and implementation of these requirements.

What you will do?

  • Facilitate proactive and effective identification and management of AML, Sanctions & Financial Crime requirements using Agile ways of working
  • Develop and support frameworks to proactively identify AML, Sanctions & Financial Crime control standards in new products implemented by the US Cash Management organization and challenge existing approaches
  • Drive and support key initiatives and team projects and provide regular updates and reporting around status
  • Ensure timely and up to date identification and documentation of risks, controls and issues relevant to AML, Sanctions & Financial Crime; periodic review, refresh and update of risks and controls inventory
  • Support the onboarding processes and efforts to ensure seamless integration with key regulations and requirements as well as be involved in review of key onboarding documents in partnership with onboarding documentation team
  • Drive and support control testing efforts related to AML, Sanctions & Financial Crime controls
  • Periodic reporting of AML, Sanctions & Financial Crime KRIs and dashboards
  • Develop and execute a system to effectively and efficiently track applicable AML, Sanctions & Financial Crimes requirements associated with regulatory initiatives, and related implementation decisions
  • Work closely with business PMO teams to support management of key projects and initiatives on AML, Sanctions & Financial Crime items
  • Orchestrate first line of defence for AML, Sanctions and Financial Crime incidences that arise out of transaction monitoring

Key relationships are maintained with numerous RBC Groups including, but not limited to:

  • Value Streams in US Cash Management
  • Enterprise AML team
  • Global Economic Sanctions
  • AML IT & Sanctions IT
  • Enterprise Client Management Group
  • Implements changes required to meet new or updated control standards
  • Proactively identifies areas of opportunity to integrate AML, Sanctions & Financial crime changes with business initiatives
  • Partners with team and other risk partners to review and provide recommendations on designing AML, Sanctions & Financial crime requirements for US Cash Management.

What you need to succeed?

  • 5+ years work experience in a corporate or banking setup
  • Experience in business risk either within first line or second line functions, preferably within AML, Sanctions & Financial Crime; experience in interpreting, advising and applying legal, regulatory, policy requirements and/or control standards
  • Experience working on and supporting large transformational initiatives
  • Experience in or excited to learn Agile way of working (e.g., create and manage a backlog, write user stories track impediments, quick iterations with done better than perfect)
  • Ability to draw connections between AML, Sanctions and Financials Crime requirements and business initiatives, anticipating impediments and supporting the product teams to clear the path proactively
  • Ability to both grasp big picture and have rigorous attention to detail
  • Strong collaboration and interpersonal skills across diverse group of stakeholders
  • Strong problem solving skills with a results-oriented mindset


  • Experience working in transaction banking at another FI
  • US Cash Management experience

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
  • Opportunities to do challenging work
  • Opportunities to building close relationships with clients

The good-faith expected salary range for the above position is $130,000 - $190,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

· Drives RBC’s high performance culture

· Enables collective achievement of our strategic goals

· Generates sustainable shareholder returns and above market shareholder value

Job Skills

Anti-Money Laundering (AML), Business Perspective, Cash Management, Communication, Decision Making, Financial Regulation, Group Problem Solving, Internal Controls, Management Reporting, Operational Integrity, Prioritization, Taking Initiative

Additional Job Details




Jersey City


United States of America

Work hours/week:


Employment Type:

Full time


Capital Markets

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Posted Date:


Application Deadline:

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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