Job Summary

Job Description

What is the Opportunity?

A new and exciting opportunity has arisen to join the Global Anti-Money Laundering (AML) Compliance department as an Analyst, AML High Risk Client Management. Reporting to the Manager/Senior Manager, High Risk Client Management, you will conduct Enhanced Due Diligence of clients and prospects for Personal and Commercial Retail Banking and report your findings and recommendations in a timely manner to Management for review and approval.

What will you do?

Prioritize and conduct AML and Anti Terrorist Financing (ATF) analyses and provide Key Risk Indicators for the purpose of mitigating financial, regulatory, reputational and legal risk to RBC for higher risk clients

Investigate and conduct research using RBC approved techniques and tools to assess if a client presents a higher level of AML regulatory or reputational risk to the Bank

Assign an appropriate risk rating to Personal and Commercial Retail Banking clients in accordance with RBC’s risk rating methodology

Prepare high quality written reports for Senior Management review that effectively communicate your findings and recommendations

Work with stakeholders to gather and analyze information and ensure that all required matters are escalated appropriately and are conducted within defined timelines and in accordance with RBC policies and procedures

Personally responsible and accountable for self-development and maintaining up to date knowledge, best practices, and skills sets for relevant AML, ATF, and other regulatory matters in support of the analytical function

Update and maintain files ensuring accuracy, timeliness, and thoroughness with an emphasis on quality

In conjunction with Team Leaders and Managers, 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

Strong written and oral communication skills

Highly developed organizational skills and the ability to work within strict deadlines

Intermediate level skills (at a minimum) in Microsoft Office Outlook, Excel, Word applications

Demonstrated knowledge of or experience in AML Compliance, Financial Crimes investigations (within law enforcement or the financial sector), or financial regulatory oversight

Knowledge of banking systems and processes

Strong AML knowledge – CAMS designation preferable

Nice-to-have 

University degree or equivalent experience

Strong knowledge of relevant predicate offences, e.g. fraud knowledge is considered an advantage

Skilled in open source research

Language skills (French, Cantonese, Mandarin)

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

Leaders who support your development through coaching and managing opportunities

Opportunities to do challenging work

Opportunities to take on progressively greater accountabilities

Work in a dynamic, collaborative, progressive, and high-performing team

Ability to make a difference and lasting impact

Job Skills

Anti-Money Laundering (AML), Anti-Money Laundering Compliance, Communication, Data Gathering Analysis, Detail-Oriented, Enhanced Due Diligence, Group Problem Solving

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-01-02

Application Deadline:

2025-01-17

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 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.
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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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