What is the opportunity?
As a manager, you will work as an integral member of the AML Financial Intelligence Unit (FIU) Investigations team. Through the gathering, analysis and evaluation of relevant information, you will determine whether sufficient suspicion exists of money laundering, financing of terrorism or other criminal activities, to justify making a report to the Regulatory Authority. As a manager, you play a key role in complying with legislative/regulatory requirements, and mitigating risk to RBC, in line with established RBC policy.

What will you do?

• Act as subject matter expert to provide specialist advice, guidance and direction to team members on money laundering, financing of terrorism and related issues, seeking guidance and assistance when required from the Senior Manager and other colleagues, to support the achievement of organizational objectives and regulatory requirements.
• Collaborate with the Senior Manager, the team of analysts to establish, develop and maintain links with internal / external stakeholders and other community contacts to support investigation requirements and the AML-FIU.
• Assist the Senior Manager with implementation of the training program to ensure understanding and adherence to processes
• Conduct quality assurance reviews for the Senior Manager when required by the Senior Manager
• Plan, conduct and complete risk-based investigations into relevant matters referred, with approved processes, including but not limited to those originating from:

• Alerts/incidents escalated based team of analysts for investigation by interna/external sources
• Incidents generated by the Insights and Analytics team from an analysis of the results of media scans and matches from name scanning against relevant PEP, Economic Sanctions and Terrorism Lists
• Referrals from internal partners and other business Units

• Maintain accurate, contemporaneous records of all investigative actions and decisions taken, ensuring that all material and information obtained is treated in accordance with legal and regulatory requirements and RBC policy
• Gather information/intelligence from all available sources, in order to determine whether sufficient suspicion of money laundering, financing of terrorism or other criminal activities exists, to justify making a report to the relevant Regulatory Authority for the purpose of complying with legislative/regulatory requirements, and mitigating risk to RBC in line with established organizational policy
• Promote, support and adhere to RBC’s policies and guidelines on Code of Conduct, Personal and Professional Development, Equal Opportunities, Health & Safety, Data Protection and Information Security, in accordance with published Policy / Guidance documents and protocols

What do you need to succeed?

Must-have

• Understanding of money laundering process in general and knowledge of various money laundering indicators
• Strong investigative, critical thinking and analytical skills and the ability to apply them in various scenarios
• Strong verbal and written communication skills. The ability to gather and present complex information in a simple and concise manner is essential for this role
• Completion of an undergraduate degree in a relevant field of study (i.e. accounting, business, political science, criminology)
• At a minimum, an Intermediate proficiency level of skill in Microsoft Excel & Microsoft Word

Nice-to-have

• Working background/experience with the major business segments of RBC
• ACAMS Certification

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.

• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

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 Management

Additional Job Details

20 KING ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2024-10-232024-10-31