What is the opportunity?

This role will plan, conduct, and complete risk-based investigations into matters referred to the Unit, through the gathering, analysis, and evaluation of relevant information in order to determine whether reasonable grounds to suspect (RGS) 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. Focus on heightened quantitative and qualitative expectations. Increased proficiency and strong knowledge of a variety of AML typologies as well as complex and higher-risk AML investigations. Lead by example to deliver results through the combined efforts of the team and collaborative working with colleagues and external partners.

What will you do?

• Plan, conduct and complete risk-based investigations into relevant matters referred to the Unit in line with approved processes, including but not limited to those originating from:
  • Incidents generated by the Insights and Analytics team from an analysis of the results of transaction monitoring, media scans and matches from name scanning against relevant PEP, Economic Sanctions and Terrorism Lists
  • Incidents generated by (UTR) Unusual Transaction Reporting via internal partners
  • Referrals from internal partners and other business Units (via mailbox)
• Maintain accurate, comprehensive, and timely 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 reasonable grounds to suspect 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
• Prepare relevant reports as required including documentation in support of any action proposed based on the results of investigations
• Work with the Global AML FIU Investigation Team and other FIU partners to ensure that investigations are conducted within defined timelines and are escalated in accordance with relevant policy
• Promote, support and adhere to RBC’s policies and guidelines on Code of Conduct, Collective Ambition, 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

• 1-2 years of relevant experience
• Knowledge of banking systems and processes
• Strong AML knowledge
• Strong knowledge of relevant predicate offences
• Skilled in open-source research
• Formal report preparation experience

Nice to have

• Post-Secondary degree in relevant field of study (i.e. business, criminology, law)
• Certified Anti-Money Laundering Specialist (CAMS) designation (or able to attain within 6 months)
• STR report preparation

Job Skills

Coverage Analysis, Detail-Oriented, Information Capture, Insurance Claims Investigations, Insurance Fraud Investigations, Interview Techniques, Liability Loss Control, Litigation Management, Risk Assessments, Vendor Management

Additional Job Details

20 KING ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2025-05-282025-06-12

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.